Diesel Engine Market by End-user and Geography - Forecast and Analysis 2021-2025

  • Published: Feb 2021
  • Pages: 120
  • SKU: IRTNTR70134
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The diesel engine market size has the potential to grow byUSD 38.46 billion during 2021-2025, and the market’s growth momentum will decelerate at a CAGR of 3.64%. 

This report provides a detailed analysis of the market by end-user (on-road and off-road), geography (APAC, Europe, North America, South America, and MEA), and key vendors. 

Market Overview

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Market Competitive Analysis

The report analyzes the market’s competitive landscape and offers information on several market vendors, including: 

 

  • AGCO POWER
  • BorgWarner Inc.
  • Caterpillar Inc.
  • Continental AG
  • Cummins Inc.
  • Daimler AG
  • Deere & Co.
  • Kohler Co.
  • Mitsubishi Heavy Industries Ltd.
  • Rolls-Royce Plc

 

The diesel engine market is fragmented and the vendors are deploying growth strategies such as product innovation to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

The market players also significantly leverage external market drivers such as growing demand for diesel engines from APAC to achieve growth opportunities. However, factors such as high cost of diesel engines will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the diesel engine market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

This diesel engine market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities. 

Diesel Engine Market: Key Drivers and Trends

  • The growing demand for diesel engines from the APAC region is the key factor expected to fuel the market’s growth in the forthcoming years. 
  • The increasing demand for reliable power supply, rising power generation capacity, and growing manufacturing and process industries are driving the growth of the diesel engine market.
  • Factors such as the growth of the construction, mining, transport, and industrial sectors in the emerging economies including India and China, is likely to contribute to the rising diesel engine demand in the next few years. 
  • Various manufacturers are establishing manufacturing plants in the economies of APAC owing to low labor cost and easy availability of raw materials. 
  • The rising developments across several end-user industries of the emerging economies of the APAC region will drive the diesel engine market growth
  • Advantages of diesel engines over petrol engines is one of the key factors driving the growth of the market during the forecast period.
  • Better mileage offered by diesel engines over petrol engines is one of the primary factors that favor its use for commercial purposes. 
  • Moreover, in diesel engines, there is no pre-mixing of air and fuel; therefore, there is no need for the carburetor.
  •  In the engine, diesel is used as a non-volatile fuel. In petrol engines, the fuel is highly volatile. 
  • The lack of an ignition system in diesel engines reduces their complexity and makes them more durable. 
  • The high torque of diesel engines allows them to pull heavy loads easily compared with petrol engines.
  • The operational efficiencies of diesel engines over petrol increases their adoption, and the same is expected to continue during the forecast period.

 

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Diesel Engine Market: Segmentation by Geography

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61% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for diesel engine in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The growing automotive industry in emerging economies is one of the prime factors that will facilitate the diesel engine market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report. 

Diesel Engine Market: Segmentation by End-user

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The on-road segment was the largest end-user of the global diesel engine market in 2019, owing to the increasing demand for commercial vehicles and better operational efficiency compared to conventional engines. Hence, the market segment is expected to exhibit a fast growth rate during the forecast period.

However, the post COVID-19 impact has brought forth a slowdown in the on-road segment growth. Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the diesel engine market size.

 

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Diesel Engine Market: Key Highlights of the Report for 2021-2025

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive diesel engine market growth during the next five years
  • Precise estimation of the diesel engine market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the diesel engine industry across APAC, Europe, North America, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of diesel engine market vendors

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Diesel Engine Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Decelerate at a CAGR of 4%

Market growth 2021-2025

$ 38.46 billion

Market structure

Fragmented

YoY growth (%)

5.87

Regional analysis

APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 61%

Key consumer countries

China, US, Germany, Japan, and India

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

AGCO POWER, BorgWarner Inc., Caterpillar Inc., Continental AG, Cummins Inc., Daimler AG, Deere & Co., Kohler Co., Mitsubishi Heavy Industries Ltd., and Rolls-Royce Plc

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Impact of COVID-19 on the industrials sector
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020-2025

    Five Forces Analysis

    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by End-user

    • Market segments
    • Comparison by End user
    • On-road - Market size and forecast 2020-2025
    • Off-road - Market size and forecast 2020-2025
    • Market opportunity by End user

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • AGCO POWER
      • BorgWarner Inc.
      • Caterpillar Inc.
      • Continental AG
      • Cummins Inc.
      • Daimler AG
      • Deere & Co.
      • Kohler Co.
      • Mitsubishi Heavy Industries Ltd.
      • Rolls-Royce Plc

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your FREE sample now!
      The diesel engine market growth will increase by $38.46 billion during 2020-2025.
      The diesel engine market is expected to grow at a CAGR of 3.64% during 2020-2025.
      Technavio has segmented the diesel engine market by end user (On-road and Off-road) and geographic (APAC, Europe, North America, South America, and MEA).
      AGCO POWER, BorgWarner Inc., Caterpillar Inc., Continental AG, Cummins Inc., Daimler AG, Deere & Co., Kohler Co., Mitsubishi Heavy Industries Ltd., Rolls-Royce Plc are a few of the key vendors in the diesel engine market.
      APAC will register the highest growth rate of 60.82% among the other regions. Therefore, the diesel engine market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      • China
      • US
      • Germany
      • Japan
      • India
      The key factors driving the diesel engine market growth are:
      • Growing demand for diesel engines from APAC
      • Growing popularity of EVs (electric vehicles)
      The diesel engine market vendors should focus on grabbing business opportunities from the on-road segment as it accounted for the largest market share in the base year.
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