Overview of the global diesel engines for construction and earthmoving sector

Technavio's market research analyst predicts the global diesel engines for construction and earthmoving sector to grow steadily at a CAGR of around 4% by 2021. One of the primary drivers for this market is the rapidly increasing demand for fuel-efficient construction equipment. The rise in concern over the smart use of equipment is gaining prominence in the market. Construction involves many exothermic operations due to which the temperature around the site remains high. This has taken a major toll on the industry as environmentalists are arguing over the rising construction activity and the consequent rising temperature. This has compelled the end-user to adopt fuel-efficient equipment as major costs involved in the operation of any construction equipment are for maintenance and fuel. Consequently, construction equipment manufacturers have realized the demand and have started working toward the technology that will enable higher productivity with less fuel consumption. This, in turn, will propel growth in the global diesel engines for construction and earthmoving sector during the forecast period.

One of the latest trends gaining traction in this market is the development of hybrid vehicles. Hybrid vehicles are gaining traction as they provide improved productivity and are more efficient, resulting in increased cost savings. For instance, the hybrid hydraulic excavator has a swing framework that incorporates electric motors. It charges a capacitor by the power generated through swing deceleration. This power is then used to assist the hydraulic motor in swing acceleration. Another motor that is associated with hydraulic pumps adjusts to the measure of electric energy in the capacitor. It helps generate power and supports the engine. This way fuel utilization can be reduced. This increasing adoption of the hybrid vehicles is expected to support the growth of the global diesel engines for construction and earthmoving sector in the coming years.

Competitive landscape and key vendors

The global diesel engines for construction and the earthmoving sector is highly consolidated due to the presence of few established players holding a major part of the market share. Increased investment in infrastructure development in many parts of the world and a rise in tourism development are some factors that are driving the construction industry across the globe.  Manufacturers are increasingly focused on extending the line of construction equipment to meet the diversity of customer needs.  

Leading vendors in the market are ?

• Caterpillar
• Cummins
• JCB
• Kubota Group
• YANMAR

Other prominent vendors in the diesel engines for construction and earthmoving sector include Ashok Leyland, Kirloskar Oil Engines, Doosan Infracore, Deere & Company, Kohler, Kobelco, Perkins, Volvo Construction Equipment, MTU, Honda, Komatsu, Weichai Holding Group, Guangxi Yuchai Machinery, MAN Engines, Shanghai Diesel Engine, YTO Group, DEUTZ, Isuzu Motors, Mahindra Heavy Engines, Greaves Cotton, and Bharat Earth Movers Limited (BEML).

Segmentation by product and analysis of the diesel engines for construction and earthmoving sector

• Wheeled loader
• Crawler excavator
• Mini excavator
• Backhoe loaders
• Skid steer loaders

During 2016, the wheeled loader segment dominated the diesel engines for construction and earthmoving sector and accounted for a major part of the overall market share. The rising urbanization and increasing population pressure on cities have resulted in the expansion of cities worldwide. This is one of the major contributing factors in the dominance of the wheeled loader in the global market.

Geographical segmentation and analysis of the diesel engines for construction and earthmoving sector

• Americas
• APAC
• EMEA

In this market study, analysts have estimated the APAC to dominate the diesel engines for construction and earthmoving sector during the forecast period. China is the largest market in Asia, followed by Japan and India. Rising urbanization and the government's initiatives under the thirteenth five-year plan are the key attributors to the growth of the diesel engines market for construction and earthmoving sector in the region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global diesel engines for construction and earthmoving sector?
• What are the key market trends impacting the growth of the global diesel engines for construction and earthmoving sector?
• What are the challenges to market growth?
• Who are the key vendors in the global diesel engines for construction and earthmoving sector?
• What are the market opportunities and threats faced by the vendors in the global diesel engines for construction and earthmoving sector?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global diesel engines for construction and earthmoving sector?

Technavio also offers customization on reports based on specific client requirement.

Related reports

• Global Diesel Locomotive Engines Market 2016-2020 
• Global Gas Engine Market 2017-2021

The introduction of regulations demanding the reduction of emissions from non-road diesel engines such as construction and farm equipment and the introduction of the cleaner diesel fuel program that compels diesel engine manufacturers to use advanced emissions control systems will boost the usage of diesel engines in non-road applications such as construction and earthmoving equipment. To provide a comprehensive collection of industry research reports that will help clients in the heavy industry sector enhance their revenue shares, research analysts at the global market research firm Technavio consider various parameters such as the change in customer preferences, factors that challenge market growth, and the major market competitors. Additionally, Technavio's reports also provide detailed information on major companies such as Atkore, Calpipe Industries, HellermannTyton, Thomas & Betts, Husky Injection Molding Systems, Sumitomo Heavy Industries, and Milacron who hold dominant positions in the industry's regional and global markets.

By following a mix of proven primary and secondary research techniques and considering various factors including the market size and the demand for different products across various geographical regions, research analysts at Technavio estimate the industry's growth prospects that will help clients deduce effective growth strategies. With detailed information on parameters such as the products and services offered by major competitors and the usage of appropriate analytical tools, our upcoming market research report on diesel engines for the construction and earthmoving sector for the forecast period of 2017 to 2021 will help clients understand the constantly changing landscape for the engineering tools segment.

This upcoming report on diesel engines for the construction and earthmoving sector also considers the growth of similar markets such as diesel engines and construction equipment, which are expected to grow at a CAGR of about 9% and around 12%, respectively during the period of 2016 to 2020. According to our industry research experts, the rise in investments towards infrastructure development, especially in the emerging countries in APAC, due to the increased demand for newer utility and transport infrastructures will be a major factor driving this market's growth. To help businesses improve their market position, Technavio also offers to provide customized reports based on client specifications.

The upcoming industry research report for diesel engines for the construction and earthmoving sectors also identifies the major drivers, key trends, as well as the challenges currently experienced by vendors in the heavy industry. It also presents insights into the rapidly changing competitive landscape to give you a realistic picture of the future direction of the industry.