Press release
Global Diesel Engines Sales Market will reach 57600 million US$ by the end of 2025
Diesel engine, any internal-combustion engine in which air is compressed to a sufficiently high temperature to ignite diesel fuel injected into the cylinder, where combustion and expansion actuate a piston. It converts the chemical energy stored in the fuel into mechanical energy, which can be used to power freight trucks, large tractors, locomotives, and marine vessels. A limited number of automobiles also are diesel-powered, as are some electric-power generator sets.
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The industry development of diesel engine was largely affected by national industrial policies and environmental standards in recent few years. With stricter emission standards worldwide and backward emission technology, global consumption of diesel engines decreased slightly to 25.3 M units in 2016, the CAGR of global market from 2012-2017 is estimate -1.2%. What’s more, the price and gross margin also decreased during last few years.
Diesel engines are mainly consumed in Europe and China countries. The two areas occupy about 83% market share. Besides, North America is also an important market of diesel engine.
In terms of technology, there is plenty room for improvement. High pressure fuel injection, low emissions and efficient filtration are the mainly trends for the technology improvement, More energy-efficient and environment friendly diesel engines will change the situation declining in the diesel engine industry in the future. The main applications of diesel engines are automotive, construction, agriculture, industrial and etc. Nowadays, more diesel engines are applied to power generators, result from the tight power supply situation. However, due to the slowdown of infrastructure construction in developing countries, the construction industry decreased in the application share.
The global Diesel Engines market is valued at 68700 million US$ in 2017 and will reach 57600 million US$ by the end of 2025, growing at a CAGR of -2.2% during 2018-2025.
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The major players covered in this report
Cummins
Caterpiller
Daimler
MAN
VOLVO
MHI
Deutz
Yanmar
Kubota
Weichai
Quanchai
Changchai
Yunnei Power
FAW
Kohler
DFAC
Yuchai
FOTON
CNHTC
JMC
Hatz
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QY Research established in 2007, focus on custom research, management consulting, IPO consulting, industry chain research, data base and seminar services. The company owned a large basic data base (such as National Bureau of statistics database, Customs import and export database, Industry Association Database etc), expert’s resources (included energy automotive chemical medical ICT consumer goods etc.
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