Diesel Engine Market by Type, Operation, Power Rating, Application

List of Tables

[186 Pages Report] The Diesel Engine Market size was estimated at USD 52.59 billion in 2023 and expected to reach USD 55.32 billion in 2024, at a CAGR 5.30% to reach USD 75.53 billion by 2030.

A diesel engine refers to a type of internal combustion engine that uses diesel fuel, which is ignited through compression of air in the cylinder. The high compression ratio allows the diesel engine to extract more energy from the fuel and makes diesel engines more efficient in terms of fuel consumption than their gasoline counterparts. Stricter emissions standards require engine manufacturers to invest in cleaner, more efficient technologies, driving the adoption of diesel engines. The demand for more fuel-efficient vehicles drives innovation and shifts consumer preferences to diesel as an energy source, further contributing to the growth of the diesel engine market. However, meeting stringent emission standards is a technical challenge for diesel engines. Moreover, performance limitations associated with diesel engines, such as permanent damage caused by wet stacking, can raise concerns about the reliability and efficacy of diesel engines. Continuous improvements and innovation in emission control technologies offer opportunities to meet regulatory norms and enhance the performance of diesel engines. Focusing on sustainable practices, emission reduction, and technological innovation will be pivotal for the growth and development of the diesel engine industry.

KEY MARKET STATISTICS
Base Year [2023]	USD 52.59 billion
Estimated Year [2024]	USD 55.32 billion
Forecast Year [2030]	USD 75.53 billion
CAGR (%)	5.30%

Regional Insights

In the Americas region, particularly the United States and Canada, diesel engines are primarily utilized in sectors such as automotive, agriculture, and industrial machinery. Consumer needs in these regions focus on efficiency and reliability, with a significant emphasis on reducing environmental impact due to stringent emission regulations such as the Environmental Protection Agency (EPA) norms in the U.S. Investments are often funneled into technologies that promise cleaner and more efficient diesel engines. The customer purchasing behavior tends to prioritize long-term savings on fuel and maintenance over initial costs. The APAC region is witnessing rapid growth in the diesel engine market, driven by expanding industrial and automotive sectors. APAC presents a robust landscape for diesel engines, driven by its substantial manufacturing base. Many APAC nations are experiencing increased demand for diesel engines in agriculture and the growing automotive sector. The APAC region is sensitive to cost, making affordability a critical factor in customer purchasing decisions. The European Union has been at the forefront of regulating diesel engine emissions, with evolving standards such as Euro 6 reducing permissible limits for nitrogen oxides and other pollutants. This regulatory environment has driven demand for high-efficiency, low-emission diesel engines. European consumers are highly environmentally conscious, influencing customer presence for more sustainable and cleaner automotive technologies.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Diesel Engine Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers
- Stringent regulations to improve sustainability and fuel efficiency of passenger vehicles
- Growing usage of commercial, heavy vehicles in the agricultural and mining sector
- Rising need for power generation and expansion of diesel power stations

Market Restraints
- Performance limitations associated with diesel engines

Market Opportunities
- Ongoing innovations to improve the efficiency, performance, and functionality of diesel engine
- Potential for the incorporation of diesel engines with electric and hybrid technologies

Market Challenges
- Environmental concerns associated with the usage of diesel engine

Market Segmentation Analysis
- Type: Emerging preference for multi-cylinder diesel engines owing to their efficiency and reliability in diverse end-uses
- Application: Expanding scale of commercial transportation and logistics necessitating the adoption of diesel engines for the automotive sector

Market Disruption Analysis
Porter's Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Diesel Engine Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Diesel Engine Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Weichai Unveils Advanced Near-Zero Emission Diesel Engines for 2024

Weichai introduced an innovative line of diesel engines designed to meet stringent Euro VII emission standards, which are set to substantially reduce nitrogen oxide emissions. Weichai's innovative approach integrates enhanced fuel injection systems, air management optimizations, and after-treatment solutions to achieve near-zero emissions, positioning them as a benchmark in the industry. This strategic move demonstrates Weichai's commitment to environmental sustainability and positions the company favorably in the rapidly evolving global market for eco-friendly heavy-duty engines. [Published On: 2024-04-22]

Cummins Unveils Next-Generation X15 Diesel Engine with Enhanced Efficiency and Performance

Cummins Inc. introduced its latest innovation, the next-generation X15 diesel engine, signaling a significant advancement in diesel engine technology. The X15 engine, noted for its improved fuel efficiency and robust performance, is designed to meet the evolving needs of the transportation and logistics industries. This latest model emphasizes sustainability, featuring reduced emissions to align with stringent environmental standards. [Published On: 2024-02-29]

Strategic Alliance Between Renault Group and Punch Torino Boosts Low-Emission Diesel Engine Production

Renault Group forged a strategic partnership with Punch Torino, an entity renowned for its expertise in powertrain technology. This collaboration is centered on designing and manufacturing low-emission diesel engines, aligning with both companies' commitment to sustainable and efficient automotive solutions. The partnership underscores an industry trend towards more environmentally friendly technologies and highlights the continuous evolution of diesel engines to meet stringent emission standards. [Published On: 2023-01-10]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Diesel Engine Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Diesel Engine Market, highlighting leading vendors and their innovative profiles. These include AB Volvo, AGCO Corporation, Caterpiller, Inc., Continental Aerospace Technologies GmbH, Cummins Inc., Deere & Company, Doosan Corporation, Faw Jiefang Automotive Co., Ltd. by FAW Group, Ford Motor Company, FPT Industrial S.P.A. by Iveco Group, General Motors Company, HD Hyundai Heavy Industries Co., Ltd., IHI Power Systems Co., Ltd., Kohler Co., Kubota Corporation, Mahindra & Mahindra Ltd., MAN Energy Solutions SE by Volkswagen AG, Mitsubishi Heavy Industries Ltd., Motosan A.S., Robert Bosch GmbH, Rolls-Royce Motor Cars Limited by BMW Group, Sulzer Ltd., Weichai Power Co., Ltd., Wartsila Corporation, Yanmar Co., Ltd., and Yunnan Yunnei Power Group Co., Ltd..

Market Segmentation & Coverage

This research report categorizes the Diesel Engine Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
- Multi Cylinder
- Single Cylinder

Operation
- Peak Shaving
- Prime
- Standby

Power Rating
- 0.5-1 MW
- 1.0-2 MW
- 2.0-5 MW
- Below 0.5 MW
- More than 5 MW

Application
- Automotive
- Marine
- Mining
- Oil & gas
- Power Generation

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

Product Code: MRR-4348D129FA31

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Stringent regulations to improve sustainability and fuel efficiency of passenger vehicles
  - 5.1.1.2. Growing usage of commercial, heavy vehicles in the agricultural and mining sector
  - 5.1.1.3. Rising need for power generation and expansion of diesel power stations
- 5.1.2. Restraints
  - 5.1.2.1. Performance limitations associated with diesel engines
- 5.1.3. Opportunities
  - 5.1.3.1. Ongoing innovations to improve the efficiency, performance, and functionality of diesel engine
  - 5.1.3.2. Potential for the incorporation of diesel engines with electric and hybrid technologies
- 5.1.4. Challenges
  - 5.1.4.1. Environmental concerns associated with the usage of diesel engine
5.2. Market Segmentation Analysis
- 5.2.1. Type: Emerging preference for multi-cylinder diesel engines owing to their efficiency and reliability in diverse end-uses
- 5.2.2. Application: Expanding scale of commercial transportation and logistics necessitating the adoption of diesel engines for the automotive sector
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Diesel Engine Market, by Type

6.1. Introduction
6.2. Multi Cylinder
6.3. Single Cylinder

7. Diesel Engine Market, by Operation

7.1. Introduction
7.2. Peak Shaving
7.3. Prime
7.4. Standby

8. Diesel Engine Market, by Power Rating

8.1. Introduction
8.2. 0.5-1 MW
8.3. 1.0-2 MW
8.4. 2.0-5 MW
8.5. Below 0.5 MW
8.6. More than 5 MW

9. Diesel Engine Market, by Application

9.1. Introduction
9.2. Automotive
9.3. Marine
9.4. Mining
9.5. Oil & gas
9.6. Power Generation

10. Americas Diesel Engine Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Diesel Engine Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Diesel Engine Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. Weichai Unveils Advanced Near-Zero Emission Diesel Engines for 2024
- 13.3.2. Cummins Unveils Next-Generation X15 Diesel Engine with Enhanced Efficiency and Performance
- 13.3.3. Strategic Alliance Between Renault Group and Punch Torino Boosts Low-Emission Diesel Engine Production
13.4. Strategy Analysis & Recommendation

14. Competitive Portfolio

14.1. Key Company Profiles
14.2. Key Product Portfolio