The potential growth difference for the diesel power engine market between 2021 and 2026 is USD 31.69 billion, as per the latest market analysis report from Technavio. The report also identifies the market to witness an accelerating growth momentum of 3.03% during the forecast period. A comprehensive analysis of the factors influencing the market growth positively and adversely is also covered in this report.
To get the exact yearly growth variance and the Y-O-Y growth rate, Talk to our analyst.
Key Market Dynamics:
- Market Driver
- Market Challenges
The advantages of diesel power engines over petrol engines and growth in the construction industry are some of the key market drivers. The higher the compression ratios, the higher the thermal efficiency and the better is the fuel efficiency. As a result, diesel power engines offer better fuel efficiency than petrol engines. The high torque of diesel power engines also allows them to pull heavy loads easily compared with petrol engines. These operational efficiencies of diesel power engines over petrol increase their adoption, which is expected to continue during the forecast period.
However, factors such as stringent emission regulations will challenge market growth. Diesel power engine manufacturers have to invest in R&D to develop fuel engines that have high-performance levels and meet the required compliance with rigid emission standards. Hence, they are compelled to increase their expenditure to design and market their products according to the requirements of regional markets. This is hindering the market growth to some extent.
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Key Market Segment Analysis
The diesel power engine market report is segmented by End-user (Industrial, Commercial, and Residential) and Geography (APAC, North America, Europe, MEA, and South America). The industrial end-user segment led the market share in 2021 and will continue to witness the highest diesel power engine market share during the forecast period. In terms of Geography, APAC will be the leading region with 54% of the market's growth during the forecast period. The growth of this regional segment can be attributed to the surging developments in the construction and agricultural industry. The demand for commercial infrastructure, industrial buildings, and expansion of road and railway networks in China is expected to drive growth in the diesel power engine market in APAC China, South Korea (Republic of Korea), Japan, and India are the key markets for diesel power engines in APAC. Market growth in APAC will be faster than the growth of the market in other regions.
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Some Companies Mentioned
- AB Volvo
- Caterpillar Inc.
- Cummins Inc.
- Doosan Corp.
- Hyundai Motor Co.
- MAN Energy Solutions SE
- Mitsubishi Heavy Industries Ltd.
- Rolls-Royce Plc
- Wartsila Corp.
- Yanmar Holdings Co. Ltd.
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Diesel Power Engine Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.03% |
Market growth 2022-2026 |
$ 31.69 billion |
Market structure |
Fragmented |
YoY growth (%) |
2.45 |
Regional analysis |
APAC, North America, Europe, MEA, and South America |
Performing market contribution |
APAC at 54% |
Key consumer countries |
China, US, South Korea (Republic of Korea), Japan, and India |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
AB Volvo, Caterpillar Inc., Cummins Inc., Doosan Corp., Hyundai Motor Co., MAN Energy Solutions SE, Mitsubishi Heavy Industries Ltd., Rolls-Royce Plc, Wartsila Corp., and Yanmar Holdings Co. Ltd. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Key Topics Covered:
- Executive Summary
- Market Landscape
- Market Sizing
- Five Forces Analysis
- Market Segmentation by End-user
- Customer landscape
- Geographic Landscape
- Vendor Landscape
- Vendor Analysis
- Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email:[email protected]
Website: www.technavio.com/
SOURCE Technavio
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