Global Diesel Engines Market Outlook 2022-2027: A $266+ Billion Opportunity – IMARCGroup.com

The Global Diesel engine market size reached US$212.4 billion in 2021. Going forward, the market is expected to reach US$266.3 billion by 2027 growing at a CAGR of 3.75% during the period 2022-2027, according to the latest report from the IMARC group.

An internal combustion (IC) engine in which air is compressed at high temperature before being injected into a cylindrical container to ignite the fuel is called a diesel engine. It transfers the chemical energy contained in huge tractors, marine vessels, freight vehicles, and locomotives into mechanical energy that can be used to power them. Both two-stroke and four-stroke diesel engines are commercially available. Diesel engines have higher thermal efficiency, durability and torque than other fuel engines. Due to these advantages, these motors are used in a variety of industries including mining, construction, and agriculture.

Market trends

The global diesel engine market is mainly driven by the growing demand for commercial and heavy-duty vehicles. Additionally, the significant expansion of the automotive industry and rapid urbanization, especially in emerging economies, is catalyzing the need for efficient energy infrastructure, which, in turn, supports market growth. With this in mind, manufacturers are developing advanced variants of diesel engines using efficient filtration features and high pressure fuel injection, which is propelling the growth of the market.

Additionally, major market players are introducing diesel engines that can be used as standby generators, which is helping the growth of the market. Other factors such as extensive research and development (R&D) activities and the introduction of efficient and durable engines are creating more positive outlook for the market.

Competitive Landscape:

Some of the major players in the market are

  • ACGO Company,
  • China FAW Group,
  • Bosch,
  • Deere & Company,
  • Continental SA,
  • Delphi Automotive,
  • Mitsubishi Heavy Industries,
  • Ford engine,
  • General Motors,
  • SE MAN,
  • Wartsilah,
  • Cummins,
  • Caterpillar,
  • Rolls Royce

Market summary:

  • Based on rated power, the market has been segmented into 0.5MW-1MW, up to 0.5MW, 2MW-5MW, 1MW-2MW and above 5MW.

  • On the basis of end-user, the market has been split into automotive and non-automotive industries.

  • Regionally, the market has been categorized into Asia Pacific, Europe, North America, Middle East & Africa and Latin America.

As the novel coronavirus (COVID-19) crisis engulfs the world, we are continuously monitoring changes in markets, as well as consumer buying behaviors around the world and our estimates on the latest market trends and forecasts are made after taking into account the impact of this pandemic.

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