Global Vehicle Diesel Engine Market Size Study, by Speed (Low, Medium, High), by Power Rating (Below 0.5 MW, 0.5 to 1.0 MW, 1.1 to 2.0 MW) and Regional Forecasts 2022-2032

Description

Global vehicle diesel engine market is valued at approximately USD 44.3 billion in 2023 and is expected to grow at a healthy CAGR of 2.5% over the forecast period 2024-2032. Diesel engines, known for their significant torque output and superior fuel efficiency, are widely employed across various heavy-duty applications such as trucks, buses, industrial machinery, and marine vessels. These engines operate on a higher compression ratio than petrol engines, leading to more efficient fuel combustion and higher energy output per unit of fuel, making them indispensable in sectors requiring consistent and reliable power over extended periods.

The expansion of the global vehicle diesel engine market is primarily driven by rapid urbanization and industrialization, alongside technological advancements in diesel engine design. The development of cleaner emission systems and enhancements in fuel efficiency have become crucial in meeting the rising demand for environmentally sustainable transportation solutions. Moreover, ongoing R&D efforts aimed at improving the efficiency and reliability of diesel engines are expected to further propel market growth in the coming years. However, the market faces challenges such as high fuel costs and the substantial operation and maintenance expenses associated with diesel engines. Nevertheless, the increasing adoption of hybrid power generation in rural and remote areas presents lucrative growth opportunities for the market during the forecast period.

The demand for light-duty diesel vehicles, including pickup trucks and SUVs, is expected to surge, particularly in regions with expanding diesel refueling infrastructures, such as the United States. The U.S. freight and logistics industry, known for its robust operations, is also a significant contributor to the demand for diesel engines, particularly in long-haul trucking and delivery applications. Additionally, growing public awareness regarding advancements in diesel engine technology-such as improved performance, reduced noise levels, and cleaner emissions-is likely to drive further market expansion.

The key regions considered for the global vehicle diesel engine market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is a dominating region in the vehicle diesel engine market in terms of revenue. The market growth in the region is being attributed to factors including robust commercial vehicle sector, including heavy-duty trucks and buses. These vehicles demand high torque and fuel efficiency, making diesel engines a preferred choice. Additionally, the region's focus on infrastructure development and logistics, coupled with the increasing adoption of diesel-powered construction equipment, is further driving market growth. Whereas, the market in Asia Pacific is anticipated to grow at the fastest rate over the forecast period fueled by massive infrastructure projects, including the construction of extensive highways, ports, and railways, are anticipated to boost the demand for diesel-powered vehicles. For instance, China's ambitious infrastructure development plan, which includes constructing 461,000 km of highways by 2035, is set to significantly increase the demand for industrial diesel engines, thereby driving the vehicle diesel engine market.

Major market players included in this report are:

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

The detailed segments and sub-segment of the market are explained below:

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
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional-level analysis for each market segment.
Detailed analysis of the geographical landscape with country-level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand-side and supply-side analysis of the market.

Chapter 1. Global Vehicle Diesel Engine Market Executive Summary

1.1. Global Vehicle Diesel Engine Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Speed
- 1.3.2. By Power Rating
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Vehicle Diesel Engine Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Vehicle Diesel Engine Market Dynamics

3.1. Market Drivers
- 3.1.1. Rapid Urbanization and Industrialization
- 3.1.2. Technological Advancements in Diesel Engines
- 3.1.3. Growth in Light-Duty Diesel Vehicle Demand
3.2. Market Challenges
- 3.2.1. High Fuel Costs
- 3.2.2. Operation and Maintenance Expenses
3.3. Market Opportunities
- 3.3.1. Expansion in Hybrid Power Generation
- 3.3.2. Infrastructure Development in Emerging Economies
- 3.3.3. Innovations in Diesel Engine Technology

Chapter 4. Global Vehicle Diesel Engine Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunity
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Vehicle Diesel Engine Market Size & Forecasts by Speed 2022-2032

5.1. Segment Dashboard
5.2. Global Vehicle Diesel Engine Market: Speed Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Low
- 5.2.2. Medium
- 5.2.3. High

Chapter 6. Global Vehicle Diesel Engine Market Size & Forecasts by Power Rating 2022-2032

6.1. Segment Dashboard
6.2. Global Vehicle Diesel Engine Market: Power Rating Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Below 0.5 MW
- 6.2.2. 0.5 to 1.0 MW
- 6.2.3. 1.1 to 2.0 MW

Chapter 7. Global Vehicle Diesel Engine Market Size & Forecasts by Region 2022-2032

7.1. North America Vehicle Diesel Engine Market
- 7.1.1. U.S. Vehicle Diesel Engine Market
  - 7.1.1.1. Speed breakdown size & forecasts, 2022-2032
  - 7.1.1.2. Power Rating breakdown size & forecasts, 2022-2032
- 7.1.2. Canada Vehicle Diesel Engine Market
7.2. Europe Vehicle Diesel Engine Market
- 7.2.1. U.K. Vehicle Diesel Engine Market
- 7.2.2. Germany Vehicle Diesel Engine Market
- 7.2.3. France Vehicle Diesel Engine Market
- 7.2.4. Spain Vehicle Diesel Engine Market
- 7.2.5. Italy Vehicle Diesel Engine Market
- 7.2.6. Rest of Europe Vehicle Diesel Engine Market
7.3. Asia-Pacific Vehicle Diesel Engine Market
- 7.3.1. China Vehicle Diesel Engine Market
- 7.3.2. India Vehicle Diesel Engine Market
- 7.3.3. Japan Vehicle Diesel Engine Market
- 7.3.4. Australia Vehicle Diesel Engine Market
- 7.3.5. South Korea Vehicle Diesel Engine Market
- 7.3.6. Rest of Asia Pacific Vehicle Diesel Engine Market
7.4. Latin America Vehicle Diesel Engine Market
- 7.4.1. Brazil Vehicle Diesel Engine Market
- 7.4.2. Mexico Vehicle Diesel Engine Market
- 7.4.3. Rest of Latin America Vehicle Diesel Engine Market
7.5. Middle East & Africa Vehicle Diesel Engine Market
- 7.5.1. Saudi Arabia Vehicle Diesel Engine Market
- 7.5.2. South Africa Vehicle Diesel Engine Market
- 7.5.3. Rest of Middle East & Africa Vehicle Diesel Engine Market

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. MTU
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Market Strategies
- 8.3.2. Cummins
- 8.3.3. Caterpillar
- 8.3.4. MAN Energy Solutions
- 8.3.5. Mitsubishi
- 8.3.6. DEUTZ
- 8.3.7. Perkins
- 8.3.8. Volvo Penta
- 8.3.9. Weichai
- 8.3.10. EMD

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes