Global Diesel Engines Market Size, Share, and COVID-19 Impact Analysis, By Type (Internal Combustion Engines (ICE), External Combustion Engines), By Speed (Low, Medium, High), By Power Rating (0.5-1 MW, 1-2 MW, 2-4 MW, and Above 4 MW), By End User (Construction, Agriculture, Marine, Power Plants, And Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033.

Global Diesel Engines Market Insights Forecasts to 2033

• The Global Diesel Engines Market Size was Valued at USD 64.5 Billion in 2023
• The Market Size is Growing at a CAGR of 4.50% from 2023 to 2033
• The Worldwide Diesel Engines Market Size is Expected to Reach USD 100.2 Billion by 2033
• North America is Expected to Grow the fastest during the forecast period.

 

 

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The Global Diesel Engines Market Size is Anticipated to Exceed USD 100.2 Billion by 2033, Growing at a CAGR of 4.50% from 2023 to 2033.

 

Market Overview

Diesel engines are a type of engine that uses diesel as a fuel. A diesel engine is an interior ignition engine that functions on the belief of density eruption. In the diesel engine, to burn the fuel, air is compressed at a high temperature inside a cylinder-shaped container. To generate heat and power, fuel’s chemical energy is rehabilitated into mechanical energy. Diesel engines are typically suitable for tough practices like in tractors, locomotives, and marine vessels, because of their high force output. Diesel engines are broadly relevant in a variety of areas as it has high thermal effectiveness owing to a high development ratio. Diesel engines work well where need continuous power productivity for long times or distances as they are fuel-efficient as compared with petrol engines. The progress of the diesel engine market is determined by aspects such as the need for electricity in commercial, industrial, and residential areas. The rising need for a stable and reliable power source, a market in which diesel engines boom, especially in applications involving power generation contributes significantly. The growing urbanization and industrialization of the world have an impression on this development as well, increasing the need for diesel engines in industries such as mining, construction, and maritime.

 

Report Coverage

This research report categorizes the market for the global diesel engines market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global diesel engines market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global diesel engines market.

 

Driving Factors

The energy efficiency of the diesel engine is well recognized. This is particularly crucial in an industry where the cost of gasoline plays a significant role in operational expenses—savings money results from this. The objective of cutting costs via increased fuel economy is one of the primary forces behind the adoption of diesel engines in a range of applications. Strict emissions standards and environmental rules have fueled the development of cleaner, more fuel-efficient diesel engines. Manufacturers are investing in technology like selective catalytic reduction (SCR) and diesel particulate filters (DPF) that enable the use of contemporary diesel engines to comply with emissions laws. Construction gear and equipment fueled by diesel are becoming more and more necessary as construction activity changes globally, particularly in emerging nations. It is advised to utilize these motors due to their dependability and capacity for heavy workloads. Numerous industrial uses, such as power generation, marine engines, and stationary equipment, employ diesel engines. These industries' requirement for dependable and sustainable energy sources fuels the need for diesel engines. Tractors combines, and irrigation systems are among the agricultural equipment that still frequently use diesel engines. The agriculture sector's reliance on these engines for their power production and efficiency is one of the main drivers of the diesel engine market's growth.

 

Restraining Factors

Electric vehicles (EVs) and hybrid technologies are becoming more popular in the global automotive industry due to efforts to minimize carbon emissions and environmental concerns. Traditional diesel engine demand is probably going to decline as a result of this trend, particularly in the market for passenger cars. Global oil markets, supply and demand patterns, and geopolitical developments can influence diesel fuel prices. Not only may price changes impact the running expenses of diesel cars, but they can also impact consumer and industrial choices.

 

Market Segmentation

The global diesel engine market share is classified into type, speed, power rating, and end user.

 

• The internal combustion engines segment is dominating the diesel engine market during the forecast period.

Based on the type, the global diesel engines market is divided into internal combustion engines (ice) and external combustion engines. Among these, the internal combustion engines segment is dominating the diesel engine market during the forecast period. These engines are broadly operated across a range of applications, predominantly in carriage and manufacturing areas. As an essential component of logistical and public transportation systems, ICE diesel engines power a wide range of vehicles in the transportation industry, including passenger cars, buses, and commercial trucks.

 

• The high-speed segment is dominating the market during the forecast period.

Based on the speed, the global diesel engines market is divided into low, medium, and high. Among these, the high-speed segment is dominating the market during the forecast period. The high-speed engine segment is in demand for heavy applications like large trucks, ships, and industrial operations. Diesel engines might be dominant in the market for longer periods because of high power requirements.

 

• The 0.5-1 MW segment is expected to hold the largest market share with the highest market revenue during the forecast period.

Based on the power rating, the global diesel engines market is divided into 0.5-1 MW, 1-2 MW, 2-4 MW, and Above 4 MW. Among these, the 0.5-1 MW segment is expected to hold the largest market share with the highest market revenue during the forecast period. These are widely used for impartial power generation and numerous applications that necessitate significant power and momentum competencies.
 

• The construction segment is dominating the diesel engine market during the forecast period.

Based on the end user, the global diesel engines market is divided into construction, agriculture, marine, power plants, and others. Among these, the construction segment is dominating the diesel engine market during the forecast period. Diesel engines are widely used in construction for heavy-duty applications, as they are highly robust, consistent, and exceedingly fuel-effective.

 

Regional Segment Analysis of the Global Diesel Engines Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

 

Asia Pacific is estimated to hold the major market share of the global diesel engines market over the predicted timeframe.

 

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Asia Pacific is estimated to hold the major market share of the global diesel engines market over the predicted timeframe. Asia Pacific needs heavy machinery and dependable power sources due to the region's fast infrastructural development and industrialization. For these kinds of projects, diesel engines are essential for running generators, industrial gear, and construction equipment. These engines are also necessary for tractors and other farming equipment, as agriculture is a major economic sector in many Asia Pacific nations. Significant mining enterprises that use diesel-powered equipment to extract resources are also present in the region. The need for diesel-powered trucks and delivery vehicles has surged due to the expanding e-commerce and logistics sectors. These engines provide the power and effectiveness required for long-distance travel over large geographic areas.  they are highly robust, consistent, and exceedingly fuel-effective.

 

North America is estimated to be the fastest-growing region during the forecast period. Due to their power and efficiency, diesel engines are frequently utilized in the heavy truck sector in the Americas, especially in North America.  The need for diesel equipment is rising as a result of ongoing investments in infrastructure and building projects. In the US, diesel engines are frequently used in locomotives and maritime craft. Manufacturers can investigate the potential in these domains by supplying engines that fulfill pollution standards while delivering the required power and dependability. In the Americas, shale gas production and development are increasing, particularly in the US. Engine makers have potential since diesel engines are employed in vehicles related to the shale gas business, drilling rigs, and hydraulic fracturing equipment.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global diesel engines market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

• AGCO Corporation
• China First Automobile Works (FAW) Group Corporation
• Robert Bosch GmbH
• Deere & Company
• Continental AG
• Delphi Automotive System Private Limited
• Mitsubishi Heavy Industries, Ltd.
• Ford Motor Company
• General Motors Company
• MAN SE
• Wärtsilä Oyj Abp
• Cummins, Inc.
• Caterpillar
• Rolls-Royce Motor Cars Limited
• AB Volvo
• Others

 

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

 

Recent Developments

• In April 2023, The General Motors Company intended to increase the size of its Brookville, Ohio, DMAX production facility. The DMAX plant expansion in Brookville has received approval from the Dayton-Montgomery County Board of Trustees.

 

• In March 2023, JD4, JD14, and JD18 are three next-generation engines from 36 to 677 kW (48 to 908 horsepower) that Deere & Company launched. With its rear gear train, JD4 can produce up to 120 kW (161 hp) of power while making little noise and offering customers high PTO power. With a maximum torque of 700 Nm (516 lb-ft) and an extended single turbo range, the engine offers exceptional high-load productivity. The business hopes to broaden its offering of sustainable power solutions for the off-highway sector with these advancements.

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global diesel engines market based on the below-mentioned segments: 

 

Global Diesel Engines Market, By Type

• Internal combustion engines
• External combustion engines

 

Global Diesel Engines Market, By Speed

• Low
• Medium
• High

 

Global Diesel Engines Market, By Power Rating

• 0.5-1 MW
• 1-2 MW
• 2-4 MW
• Above 4 MW

 

Global Diesel Engines Market, By End User

• Construction
• Agriculture
• Marine
• Power plants
• Others

 

Global Diesel Engines Market, Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa