Vehicle Diesel Engine Market By Speed (Low, Medium, High) , By Power Rating (Below 0.5 MW, 0.5 to 1.0 MW, 1.1 to 2.0 MW) : Global Opportunity Analysis and Industry Forecast, 2024-2032

Description

The global vehicle diesel engine market was valued at $44.3 billion in 2023, and is projected to reach $54.7 billion by 2032, growing at a CAGR of 2.5% from 2024 to 2032

A vehicle diesel engine operates by igniting fuel through compression in a cylindrical chamber, where high-pressure air compression initiates combustion. This transformation of chemical energy to mechanical energy produces both power and heat. A diesel engine is well-known for its significant torque output, making it suitable for heavy-duty applications such as propelling tractors, trains, and ships. Moreover, its high expansion ratio plays a key role in its extensive application in various industries, due to its exceptional thermal efficiency.

The growth of the global vehicle diesel engine market is driven due to several factors such as rapid urbanization & industrialization and development of diesel engines. In addition, developments in diesel engine technology, such as incorporating cleaner emissions systems and greater fuel efficiency, drive the global vehicle diesel engine market's growth. These technological advancements meet rise in need for more environmentally friendly transportation options while addressing environmental concerns. Furthermore, continuous R&D initiatives to improve the efficiency and dependability of diesel engines are anticipated to fuel market growth in the upcoming years.

However, high fuel, operation, and maintenance costs restrain the growth of the market. Nevertheless, agreement made regarding the development of zero-emission vehicles is expected to provide lucrative growth opportunities for the development of the market. For instance, in July 2023, the Truck and Engine Manufacturers Association (EMA) and the top U.S. truck manufacturers introduced a Clean Truck Partnership, which was announced by the California Air Resources Board (CARB). According to a statement from CARB, the industry agreement supports the development of zero-emission vehicles (ZEVs) for the commercial trucking sector and provides manufacturers to meet requirements for emissions while meeting the state's emission reduction and climate goals.

Segmentation Overview

The vehicle diesel engine market is segmented into speed, power rating, and region. Depending on speed, the market is divided into low, medium, and high. By power rating, it is segregated into below 0.5 MW, 0.5-1.0 MW, 1.1-2.0 MW, and 2.1-5.0 MW. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Findings

By speed, the high-speed segment held the highest market share in 2023.

Depending on power rating, the 0.5 MW segment accounted for the largest share in the market in 2023.

Region wise, Asia-Pacific dominated the vehicle diesel engine market in 2023.

Competitive Analysis

The major players operating in the vehicle diesel engine market include Cummins, DEUTZ, Perkins, MAN Energy Solutions, Volvo Penta, Mitsubishi, MTU, Caterpillar, EMD, and Weichai. Other players in the market include IHI Power Systems, Rolls Royce, Mahindra Power Train, and Guangzhou Diesel Engines. These players have adopted several strategies, including mergers & acquisitions, collaborations, partnerships, R&D, and product development & innovation to sustain their position in the competitive landscape.

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Product Benchmarking / Product specification and applications
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Key Market Segments

By Speed

Low
Medium
High

By Power Rating

Below 0.5 MW
0.5 to 1.0 MW
1.1 to 2.0 MW

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- UK
- Germany
- France
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
Latin America
- Brazil
- Argentina
- Rest of Latin America
Middle East and Africa
- Saudi Arabia
- UAE
- Israel
- Africa
- Rest of Middle East and Africa

Key Market Players:

Cummins
DEUTZ
Perkins
MAN Energy Solutions
Volvo Penta
Mitsubishi
MTU
Caterpillar
Weichai

Product Code: A125642

CHAPTER 1: INTRODUCTION

1.1. Report Description
1.2. Key Market Segments
1.3. Key Benefits
1.4. Research Methodology
- 1.4.1. Primary Research
- 1.4.2. Secondary Research
- 1.4.3. Analyst Tools and Models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET LANDSCAPE

3.1. Market Definition and Scope
3.2. Key Findings
- 3.2.1. Top Investment Pockets
- 3.2.2. Top Winning Strategies
3.3. Porter's Five Forces Analysis
- 3.3.1. Bargaining Power of Suppliers
- 3.3.2. Threat of New Entrants
- 3.3.3. Threat of Substitutes
- 3.3.4. Competitive Rivalry
- 3.3.5. Bargaining Power among Buyers
3.4. Market Dynamics
- 3.4.1. Drivers
- 3.4.2. Restraints
- 3.4.3. Opportunities

CHAPTER 4: VEHICLE DIESEL ENGINE MARKET, BY SPEED

4.1. Market Overview
- 4.1.1 Market Size and Forecast, By Speed
4.2. Low
- 4.2.1. Key Market Trends, Growth Factors and Opportunities
- 4.2.2. Market Size and Forecast, By Region
- 4.2.3. Market Share Analysis, By Country
4.3. Medium
- 4.3.1. Key Market Trends, Growth Factors and Opportunities
- 4.3.2. Market Size and Forecast, By Region
- 4.3.3. Market Share Analysis, By Country
4.4. High
- 4.4.1. Key Market Trends, Growth Factors and Opportunities
- 4.4.2. Market Size and Forecast, By Region
- 4.4.3. Market Share Analysis, By Country

CHAPTER 5: VEHICLE DIESEL ENGINE MARKET, BY POWER RATING

5.1. Market Overview
- 5.1.1 Market Size and Forecast, By Power Rating
5.2. Below 0.5 MW
- 5.2.1. Key Market Trends, Growth Factors and Opportunities
- 5.2.2. Market Size and Forecast, By Region
- 5.2.3. Market Share Analysis, By Country
5.3. 0.5 To 1.0 MW
- 5.3.1. Key Market Trends, Growth Factors and Opportunities
- 5.3.2. Market Size and Forecast, By Region
- 5.3.3. Market Share Analysis, By Country
5.4. 1.1 To 2.0 MW
- 5.4.1. Key Market Trends, Growth Factors and Opportunities
- 5.4.2. Market Size and Forecast, By Region
- 5.4.3. Market Share Analysis, By Country

CHAPTER 6: VEHICLE DIESEL ENGINE MARKET, BY REGION

6.1. Market Overview
- 6.1.1 Market Size and Forecast, By Region
6.2. North America
- 6.2.1. Key Market Trends and Opportunities
- 6.2.2. Market Size and Forecast, By Speed
- 6.2.3. Market Size and Forecast, By Power Rating
- 6.2.4. Market Size and Forecast, By Country
- 6.2.5. U.S. Vehicle Diesel Engine Market
  - 6.2.5.1. Market Size and Forecast, By Speed
  - 6.2.5.2. Market Size and Forecast, By Power Rating
- 6.2.6. Canada Vehicle Diesel Engine Market
  - 6.2.6.1. Market Size and Forecast, By Speed
  - 6.2.6.2. Market Size and Forecast, By Power Rating
- 6.2.7. Mexico Vehicle Diesel Engine Market
  - 6.2.7.1. Market Size and Forecast, By Speed
  - 6.2.7.2. Market Size and Forecast, By Power Rating
6.3. Europe
- 6.3.1. Key Market Trends and Opportunities
- 6.3.2. Market Size and Forecast, By Speed
- 6.3.3. Market Size and Forecast, By Power Rating
- 6.3.4. Market Size and Forecast, By Country
- 6.3.5. UK Vehicle Diesel Engine Market
  - 6.3.5.1. Market Size and Forecast, By Speed
  - 6.3.5.2. Market Size and Forecast, By Power Rating
- 6.3.6. Germany Vehicle Diesel Engine Market
  - 6.3.6.1. Market Size and Forecast, By Speed
  - 6.3.6.2. Market Size and Forecast, By Power Rating
- 6.3.7. France Vehicle Diesel Engine Market
  - 6.3.7.1. Market Size and Forecast, By Speed
  - 6.3.7.2. Market Size and Forecast, By Power Rating
- 6.3.8. Rest of Europe Vehicle Diesel Engine Market
  - 6.3.8.1. Market Size and Forecast, By Speed
  - 6.3.8.2. Market Size and Forecast, By Power Rating
6.4. Asia-Pacific
- 6.4.1. Key Market Trends and Opportunities
- 6.4.2. Market Size and Forecast, By Speed
- 6.4.3. Market Size and Forecast, By Power Rating
- 6.4.4. Market Size and Forecast, By Country
- 6.4.5. China Vehicle Diesel Engine Market
  - 6.4.5.1. Market Size and Forecast, By Speed
  - 6.4.5.2. Market Size and Forecast, By Power Rating
- 6.4.6. Japan Vehicle Diesel Engine Market
  - 6.4.6.1. Market Size and Forecast, By Speed
  - 6.4.6.2. Market Size and Forecast, By Power Rating
- 6.4.7. India Vehicle Diesel Engine Market
  - 6.4.7.1. Market Size and Forecast, By Speed
  - 6.4.7.2. Market Size and Forecast, By Power Rating
- 6.4.8. South Korea Vehicle Diesel Engine Market
  - 6.4.8.1. Market Size and Forecast, By Speed
  - 6.4.8.2. Market Size and Forecast, By Power Rating
- 6.4.9. Australia Vehicle Diesel Engine Market
  - 6.4.9.1. Market Size and Forecast, By Speed
  - 6.4.9.2. Market Size and Forecast, By Power Rating
- 6.4.10. Rest of Asia-Pacific Vehicle Diesel Engine Market
  - 6.4.10.1. Market Size and Forecast, By Speed
  - 6.4.10.2. Market Size and Forecast, By Power Rating
6.5. Latin America
- 6.5.1. Key Market Trends and Opportunities
- 6.5.2. Market Size and Forecast, By Speed
- 6.5.3. Market Size and Forecast, By Power Rating
- 6.5.4. Market Size and Forecast, By Country
- 6.5.5. Brazil Vehicle Diesel Engine Market
  - 6.5.5.1. Market Size and Forecast, By Speed
  - 6.5.5.2. Market Size and Forecast, By Power Rating
- 6.5.6. Argentina Vehicle Diesel Engine Market
  - 6.5.6.1. Market Size and Forecast, By Speed
  - 6.5.6.2. Market Size and Forecast, By Power Rating
- 6.5.7. REST of Latin America Vehicle Diesel Engine Market
  - 6.5.7.1. Market Size and Forecast, By Speed
  - 6.5.7.2. Market Size and Forecast, By Power Rating
6.6. Middle East And Africa
- 6.6.1. Key Market Trends and Opportunities
- 6.6.2. Market Size and Forecast, By Speed
- 6.6.3. Market Size and Forecast, By Power Rating
- 6.6.4. Market Size and Forecast, By Country
- 6.6.5. Saudi Arabia Vehicle Diesel Engine Market
  - 6.6.5.1. Market Size and Forecast, By Speed
  - 6.6.5.2. Market Size and Forecast, By Power Rating
- 6.6.6. UAE Vehicle Diesel Engine Market
  - 6.6.6.1. Market Size and Forecast, By Speed
  - 6.6.6.2. Market Size and Forecast, By Power Rating
- 6.6.7. Israel Vehicle Diesel Engine Market
  - 6.6.7.1. Market Size and Forecast, By Speed
  - 6.6.7.2. Market Size and Forecast, By Power Rating
- 6.6.8. Africa Vehicle Diesel Engine Market
  - 6.6.8.1. Market Size and Forecast, By Speed
  - 6.6.8.2. Market Size and Forecast, By Power Rating
- 6.6.9. Rest of Middle East And Africa Vehicle Diesel Engine Market
  - 6.6.9.1. Market Size and Forecast, By Speed
  - 6.6.9.2. Market Size and Forecast, By Power Rating

CHAPTER 7: COMPETITIVE LANDSCAPE

7.1. Introduction
7.2. Top Winning Strategies
7.3. Product Mapping of Top 10 Player
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Top Player Positioning, 2023

CHAPTER 8: COMPANY PROFILES

8.1. Cummins
- 8.1.1. Company Overview
- 8.1.2. Key Executives
- 8.1.3. Company Snapshot
- 8.1.4. Operating Business Segments
- 8.1.5. Product Portfolio
- 8.1.6. Business Performance
- 8.1.7. Key Strategic Moves and Developments
8.2. DEUTZ
- 8.2.1. Company Overview
- 8.2.2. Key Executives
- 8.2.3. Company Snapshot
- 8.2.4. Operating Business Segments
- 8.2.5. Product Portfolio
- 8.2.6. Business Performance
- 8.2.7. Key Strategic Moves and Developments
8.3. Perkins
- 8.3.1. Company Overview
- 8.3.2. Key Executives
- 8.3.3. Company Snapshot
- 8.3.4. Operating Business Segments
- 8.3.5. Product Portfolio
- 8.3.6. Business Performance
- 8.3.7. Key Strategic Moves and Developments
8.4. MAN Energy Solutions
- 8.4.1. Company Overview
- 8.4.2. Key Executives
- 8.4.3. Company Snapshot
- 8.4.4. Operating Business Segments
- 8.4.5. Product Portfolio
- 8.4.6. Business Performance
- 8.4.7. Key Strategic Moves and Developments
8.5. Volvo Penta
- 8.5.1. Company Overview
- 8.5.2. Key Executives
- 8.5.3. Company Snapshot
- 8.5.4. Operating Business Segments
- 8.5.5. Product Portfolio
- 8.5.6. Business Performance
- 8.5.7. Key Strategic Moves and Developments
8.6. Mitsubishi
- 8.6.1. Company Overview
- 8.6.2. Key Executives
- 8.6.3. Company Snapshot
- 8.6.4. Operating Business Segments
- 8.6.5. Product Portfolio
- 8.6.6. Business Performance
- 8.6.7. Key Strategic Moves and Developments
8.7. MTU
- 8.7.1. Company Overview
- 8.7.2. Key Executives
- 8.7.3. Company Snapshot
- 8.7.4. Operating Business Segments
- 8.7.5. Product Portfolio
- 8.7.6. Business Performance
- 8.7.7. Key Strategic Moves and Developments
8.8. Caterpillar
- 8.8.1. Company Overview
- 8.8.2. Key Executives
- 8.8.3. Company Snapshot
- 8.8.4. Operating Business Segments
- 8.8.5. Product Portfolio
- 8.8.6. Business Performance
- 8.8.7. Key Strategic Moves and Developments
8.9. Weichai
- 8.9.1. Company Overview
- 8.9.2. Key Executives
- 8.9.3. Company Snapshot
- 8.9.4. Operating Business Segments
- 8.9.5. Product Portfolio
- 8.9.6. Business Performance
- 8.9.7. Key Strategic Moves and Developments