According to a new market report published by Lucintel, the future of the global diesel engine market looks promising with opportunities in the industrial, commercial, and residential segments. The global diesel engine market is expected to grow with a CAGR of 5% from 2021 to 2026. The major drivers for this market are growth in hybrid vehicles, high demand for diesel engines, and provide better fuel efficiency.
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In this market, automotive and non-automotive are the major applications used to manufacture diesel engines. On the basis of comprehensive research, Lucintel forecasts that automotive will remain the largest segment, and it is also expected to witness the highest growth over the forecast period because diesel engines are more fuel efficient than petrol ones and the emission standards for diesel engines are higher than those for petrol.
Within the global diesel engine market, the industrial segment is expected to witness the highest growth over the forecast period due to economic development by governments and growth of oil, gas, construction, and other industries in developing countries.
APAC is expected to remain the largest market and witness the highest growth over the forecast period due to the increased use of commercial vehicles in the industrial sector and growth in vehicle sales.
Emerging trends, which have a direct impact on the dynamics of the industry, include rising energy demands from infrastructure growth, increase in adoption of electric cars, and increasing use of sophisticated technical engines. Cummins Inc., Kubota Corporation, ISUZU MOTORS LIMITED, Yanmar Co., Ltd., Continental AG, Rolls-Royce, and Fiat Powertrain Technologies S.p.A. are among the major suppliers of the diesel engine market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global diesel engine market by application, end use, and region, and has compiled a comprehensive research report titled “Growth Opportunities in the Global Diesel Engine Market 2021-2026: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global diesel engine market by application, end use, and region, as follows:
By Application [Value ($ Million) from 2015 to 2026]:
On-Road
Light Vehicles
Medium/Heavy Trucks
Light Trucks
Off-Road
Industrial/Construction Equipment
Agriculture Equipment
Marine Applications
By End Use [Value ($ Million) from 2015 to 2026]:
Industrial
Commercial
Residential
By Region [Value ($ Million) from 2015 to 2026]:
North America
United States
Canada
Mexico
Europe
APAC
ROW
This more than 150 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.