Diesel Power Engine Market by End-user and Geography - Forecast and Analysis 2022-2026

  • Published: Dec 2021
  • Pages: 120
  • SKU: IRTNTR71677
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The diesel power engine market share is expected to increase by USD 31.69 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 3.03%.

This diesel power engine market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers diesel power engine market segmentation by end-user (industrial, commercial, and residential) and geography (APAC, North America, Europe, MEA, and South America). The diesel power engine market report also offers information on several market vendors, including AB Volvo, Caterpillar Inc., Cummins Inc., Doosan Corp., Hyundai Motor Co., MAN Energy Solutions SE, Mitsubishi Heavy Industries Ltd., Rolls-Royce Plc, Wartsila Corp., and Yanmar Holdings Co. Ltd. among others.

What will the Diesel Power Engine Market Size be During the Forecast Period?

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Diesel Power Engine Market: Key Drivers and Challenges

The advantages of diesel power engines over petrol engines are notably driving the diesel power engine market growth, although factors such as stringent emission regulations may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the diesel power engine industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Diesel Power Engine Market Driver

Better mileage offered by diesel power engines over petrol engines is one of the primary factors that favor its use for commercial purposes. Diesel power engines are almost 1.5 % more efficient than petrol engines. Moreover, diesel power engines are designed to operate at higher compression ratios of 15:20, while petrol engines have lower compression ratios of usually 8:10. The higher the compression ratios, the higher the thermal efficiency and the better is the fuel efficiency. As a result, diesel power engines offer better fuel efficiency than petrol engines. The lack of an ignition system in diesel power engines reduces their complexity and makes them more durable. The high torque of diesel power engines also allows them to pull heavy loads easily compared with petrol engines. These operational efficiencies of diesel power engines over petrol increase their adoption, which is expected to continue during the forecast period.

Key Diesel Power Engine Market Challenge

Diesel fuel that is refined from crude oil produces harmful emissions such as nitrogen oxides, carbon monoxide, and hydrocarbons. This emission has a detrimental impact on the environment, leading to necessary changes in diesel emission regulations. For instance, the US Environmental Protection Agency (EPA) established standards for the sulfur content allowed in diesel fuel and emissions from diesel power engines. Emissions standards for highway vehicles that have diesel power engines are also established by EPA. According to these emissions standards, engines have to operate only with ultra-low-sulfur diesel (ULSD) fuel. Diesel power engine manufacturers have to invest in R&D to develop fuel engines that have high-performance levels and meet the required compliance with rigid emission standards. Hence, they are compelled to increase their expenditure to design and market their products according to the requirements of regional markets. This is hindering the market growth to some extent. 

This diesel power engine market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Diesel Power Engine Market Vendors?

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

 

  • AB Volvo
  • Caterpillar Inc.
  • Cummins Inc.
  • Doosan Corp.
  • Hyundai Motor Co.
  • MAN Energy Solutions SE
  • Mitsubishi Heavy Industries Ltd.
  • Rolls-Royce Plc
  • Wartsila Corp.
  • Yanmar Holdings Co. Ltd.

 

This statistical study of the diesel power engine market encompasses successful business strategies deployed by the key vendors. The diesel power engine market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

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.

The diesel power engine market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Diesel Power Engine Market?

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54% of the market’s growth will originate from APAC during the forecast period. China, South Korea (Republic of Korea), Japan, and India are the key markets for diesel power engines in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

The increase in the demand for commercial infrastructure, industrial buildings, and expansion of road and railway networks will facilitate the diesel power engine market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating End-user Segments in the Diesel Power Engine Market?

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The diesel power engine market share growth by the industrial segment will be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the diesel power engine market size and actionable market insights on post COVID-19 impact on each segment.

 

Diesel Power Engine Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 3.03%

Market growth 2022-2026

$ 31.69 billion

Market structure

Fragmented

YoY growth (%)

2.45

Regional analysis

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

Performing market contribution

APAC at 54%

Key consumer countries

China, US, South Korea (Republic of Korea), Japan, and India

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

AB Volvo, Caterpillar Inc., Cummins Inc., Doosan Corp., Hyundai Motor Co., MAN Energy Solutions SE, Mitsubishi Heavy Industries Ltd., Rolls-Royce Plc, Wartsila Corp., and Yanmar Holdings Co. Ltd.

Market dynamics

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

Customization purview

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What are the Key Data Covered in this Diesel Power Engine Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive diesel power engine market growth during the next five years
  • Precise estimation of the diesel power 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 power engine industry across APAC, North America, Europe, MEA, and South America
  • 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 power engine market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2021
    • Market outlook: Forecast for 2021 - 2026

    Five Forces Analysis

    • 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
    • Industrial - Market size and forecast 2021-2026
    • Commercial - Market size and forecast 2021-2026
    • Residential - Market size and forecast 2021-2026
    • Market opportunity by End-user

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2021-2026
      • North America - Market size and forecast 2021-2026
      • Europe - Market size and forecast 2021-2026
      • MEA - Market size and forecast 2021-2026
      • South America - Market size and forecast 2021-2026
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • AB Volvo
      • Caterpillar Inc.
      • Cummins Inc.
      • Doosan Corp.
      • Hyundai Motor Co.
      • MAN Energy Solutions SE
      • Mitsubishi Heavy Industries Ltd.
      • Rolls-Royce Plc
      • Wartsila Corp.
      • Yanmar Holdings Co. Ltd.

      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 power engine market growth will increase by $31.69 billion during 2021-2026.
      The diesel power engine market is expected to grow at a CAGR of 3.03% during 2021-2026.
      Technavio has segmented the diesel power engine market by end user (Industrial, Commercial, and Residential) and geographic (APAC, North America, Europe, MEA, and South America).
      AB Volvo, Caterpillar Inc., Cummins Inc., Doosan Corp., Hyundai Motor Co., MAN Energy Solutions SE, Mitsubishi Heavy Industries Ltd., Rolls-Royce Plc, Wartsila Corp., Yanmar Holdings Co. Ltd. are a few of the key vendors in the diesel power engine market.
      APAC will register the highest growth rate of 53.58% among the other regions. Therefore, the diesel power engine market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      • China
      • US
      • South Korea (Republic of Korea)
      • Japan
      • India
      The key factors driving the diesel power engine market growth are:
      • Advantages of diesel power engines over petrol engines
      The diesel power engine market vendors should focus on grabbing business opportunities from the industrial segment as it accounted for the largest market share in the base year.
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