Diesel Engine Market Share will Accelerate at a CAGR of 3.16% During the Forecast 2022-2026
The diesel engine market share will post an incremental growth of USD 37.45 billion, progressing at a CAGR of 3.16% during the forecast period. The growing demand for diesel engines from APAC will offer immense growth opportunities to market vendors. The diesel engine market is fragmented, and the vendors are deploying growth strategies such as low-pricing strategies and strengthening the local customer base to compete in the market.
Technavio’s report on “Diesel Engine Market by End-user and Geography - Forecast and Analysis 2022-2026” provides a detailed analysis of the prevalent market forces, trends, and challenges likely to impact the market in focus.
The diesel engine market is segmented by the following:
Based on the end-user, the diesel engine market research report focuses on the revenue, price, market share, and growth rate of each type, including:
By geography, the market research report displays the revenue, market share, and growth rate of each region, primarily split into:
The growth of the diesel engine market size in the on-road segment will be significant during the forecast period. Factors such as the presence of huge agriculture, construction, and automotive markets in China, India, Japan, and South Korea will increase the diesel engine market growth in APAC. 63% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for diesel engines in APAC.
The growing demand for diesel engines from APAC will directly influence the sales of diesel engines. In addition, the emergence of new diesel-exhaust systems is the major diesel engine market trend that will positively impact the market growth. However, factors such as the high cost of diesel engines. will hamper the diesel engine market growth.
The market is fragmented due to the presence of several players. Some of the major diesel engine market vendors are AB Volvo, AGCO Corp., BorgWarner Inc., Caterpillar Inc., Changchai Co. Ltd., Continental AG, Cummins Inc., Deere and Co., DEUTZ AG, Doosan Corp., General Motors Co., Hyundai Heavy Industries Group, Kohler Co., Kubota Corp., Mercedes Benz Group AG, Mitsubishi Heavy Industries Ltd., Robert Bosch GmbH, Rolls-Royce Holdings Plc, Volkswagen AG, and Wartsila Corp.
To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
Download the Free PDF sample report for highlights on the market size, growth momentum, regional growth opportunities, vendor analysis, and other factors influencing the market growth.
Precise market size estimation during the forecast period 2022-2026.
CAGR of the diesel engine market forecast during 2022-2026.
Market-level data on units, average selling prices, and values of the diesel engine market share.
Prediction on the upcoming trends, drivers, and factors that challenge the growth of the diesel engine market.
Diesel engine market industry growth across APAC, Europe, North America, South America, Middle East and Africa.