Diesel Engine Market 2024-2028: Size and High cost of diesel engines; growth driven by the End-user, Some of key Companies Positioned Strategically

The diesel engine market size by End-user (On road and Off road) and Geography (APAC, Europe, North America, South America, and Middle East and Africa), is forecast to increase by USD 39.1 billion. The market is expected to grow at a CAGR of   3.29% between 2024 and 2028.

• In the diesel engine market, the higher cost of diesel engines can be attributed to several factors. Unlike petrol engines, which are naturally aspirated, diesel engines require advanced technology such as turbochargers and intake air intercoolers to improve combustion efficiency. Additionally, diesel engines have a longer stroke due to higher compression ratios, which increases bore length and drives up manufacturing costs. In regions with low temperatures, glow plugs are essential for stable operation, adding to the overall cost. Furthermore, diesel engines produce significant amounts of particulate matter and NOx, necessitating expensive emission control technologies to meet regulatory standards.
• The diesel engine market represents a significant business opportunity, driven by the increasing demand for fuel-efficient and powerful engines. Key players in this sector are investing heavily in research and development to enhance fuel efficiency, reduce emissions, and improve performance. The market is expected to grow steadily due to the rising adoption of diesel engines in commercial vehicles and the expanding construction equipment industry. Additionally, the shift towards sustainable energy sources is driving the development of advanced diesel engines with hybrid capabilities. Overall, the diesel engine market presents a lucrative business proposition for manufacturers and investors alike.

Access the full report to know who are the other key countries segment-wise forecast and historic data

Some of the Key Companies:

• AB Volvo
• AGCO Corp.
• BorgWarner Inc.
• Caterpillar Inc.
• 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
• Wartsila Corp.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/