Diesel Engine Market is Expected to Witness Speedy Growth of USD billion by 2032

September 4, 2023

The global diesel engine market size was USD 230 Billion in 2022 and is expected to reach USD 327.36 Billion in 2032, and register a rapid revenue CAGR of 4% during the forecast period. Rising demand for diesel engines across a number of sectors, including automotive, construction, marine, and power generating industries is a major factor driving market revenue growth.

Major end-user of diesel engine is the automobile industry. Diesel engines are preferable to gasoline engines for heavy-duty vehicles, such as trucks, buses, and construction equipment, due to their higher fuel efficiency, greater torque, and longer lifespan. Rapid growth in the automotive industry is rising demand for diesel engines, which in turn, is increasing need for commercial vehicles in developing nations such as China, India, and Brazil.

Get a sample of the report @ https://www.reportsanddata.com/download-free-sample/7318

Another significant end-user for diesel engines is the building sector. Diesel engines are frequently employed in construction equipment, such as bulldozers, excavators, cranes, and loaders, due to their great power and torque output. Infrastructure development projects including roads, railroads, airports, and residential constructions are all in high demand.

Another significant end-user for diesel engines is the marine sector. In ships, boats, and other marine vessels, diesel engines are frequently utilized because of their excellent fuel efficiency and dependability. In addition, , In backup power generators, diesel engines are frequently employed, particularly in locations with intermittent or inaccessible electricity. Moreover, rising need for electricity in emerging nations as well as increasing number of power outages caused by natural disasters and other factors is also expected to drive market revenue growth.

Furthermore, increasing popularity of hybrid and Electric Vehicles is another factor driving market revenue growth. However, governments all over the world are encouraging the use of clean energy and enforcing strict emission laws, which could restrain market growth. However, creation of cutting-edge technologies for diesel engines, such as cleaner fuels, diesel particulate Filters, and selective catalytic reduction systems, is another factor, which could restrain market revenue growth.

Competitive Landscape:

Cummins Inc. Caterpillar Inc. Deere & Company General Electric Company Wärtsilä Corporation Volvo Group Mitsubishi Heavy Industries, Ltd. Man SE Rolls-Royce Holdings plc Doosan Corporation The global market is further segmented into type and application:

By Type Outlook
Single Cylinder Multi Cylinder By Application Outlook
Automotive Industrial Marine Regional analysis provides insights into key trends and demands in each major country that can affect market growth in the region.

North America (U.S., Canada, Mexico) Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe) Asia Pacific (China, India, Japan, South Korea, Rest of APAC) Latin America (Brazil, Rest of LATAM) Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA) Request a customized copy of the report @ https://www.reportsanddata.com/request-customization-form/7318

Thank you for reading our report. Please connect with us to know more about the report and its customization feature. Our team will ensure the report is well suited to meet your requirements.

Get Explore Latest Research Report by Reports and Data:

Driverless Delivery Vans Market @ https://www.reportsanddata.com/report-detail/driverless-delivery-vans-market

Automotive Traction Inverter Market @ https://www.reportsanddata.com/report-detail/automotive-traction-inverter-market

Transportation Management System Market @ https://www.reportsanddata.com/report-detail/transportation-management-system-market

Aerial Ridesharing Market @ https://www.reportsanddata.com/report-detail/aerial-ridesharing-market

Automotive Electronically Controlled Dampers Market @ https://www.reportsanddata.com/report-detail/automotive-electronically-controlled-dampers-market

About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, TouchPoints, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provide our clients with the ability to secure an edge over their respective competitors.

John W

(Head of Business Development)

Reports and Data | Web:www.reportsanddata.com

Direct Line:+1-212-710-1370

E-mail:[email protected]

Blogs|Press Release|Industry News|Our competencies

Browse MoreUpcoming Reports @https://www.reportsanddata.com/upcoming-reports

Browse More Latest Reports @https://www.reportsanddata.com/report

Browse More Defence And Space Industry Related Reports @ https://www.reportsanddata.com/report/category/defence-and-space