The global vehicle diesel engine market is experiencing growth
due to several factors such as rise in infrastructural development
in various regions and increase in automotive production in the
transportation industry.
PORTLAND, Ore., Aug. 13, 2024 /PRNewswire/ -- Allied Market
Research published a report, titled, "Vehicle Diesel
Engine Market by Speed (Low, Medium, and High), and
Power Rating (Below 0.5 MW, 0.5 to 1.0 MW, and 1.1 to 2.0 MW):
Global Opportunity Analysis and Industry Forecast, 2024-2032".
According to the report, the vehicle diesel engine market was
valued at $44.3 billion in 2023, and
is estimated to reach $54.7 billion
by 2032, growing at a CAGR of 2.5% from 2024 to 2032.
Request Sample of the Report on Vehicle Diesel Engine Market
Forecast 2032:
https://www.alliedmarketresearch.com/request-sample/A125642
Prime determinants of growth
The global vehicle diesel engine market is experiencing growth
due to several factors such as rise in urbanization in development
countries and increase in the production of vehicles. However, high
operation costs and fuel costs hinder the market growth. Moreover,
growth in development of vehicle diesel engines offers remunerative
opportunities for the expansion of the global market.
Report coverage & details:
Report
Coverage
|
Details
|
Forecast
Period
|
2023–2032
|
Base
Year
|
2023
|
Market Size in
2023
|
$44.3
billion
|
Market Size in
2032
|
$54.7
billion
|
CAGR
|
2.5 %
|
No. of Pages in
Report
|
324
|
Segments
Covered
|
Power Rating, Speed and
Region.
|
Drivers
|
Rise in urbanization in
development countries industry
|
Increase in the
production of vehicles
|
Opportunities
|
Growth in development
of vehicle diesel engines
|
Restraint
|
High operation costs
and fuel costs
|
Procure Complete Report (324 Pages PDF with Insights, Charts,
Tables, and Figures):
https://www.alliedmarketresearch.com/checkout-final/vehicle-diesel-engine-market-A125642
Segment Highlights
The high-speed segment is expected to grow faster during the
forecast period.
By speed, the vehicle diesel engines with high speed find
extensive use in power generating, maritime applications, and other
fields. Slow and medium-speed engines can run on lower-grade fuels
and are renowned for their fuel flexibility. Propellers and
electrical generators are often powered by medium-speed engines
found in smaller ships and power facilities. Typically, amphibious
warfare ships such as major auxiliary engineering ships, tugboats,
and landing craft utility (LCU) use medium-speed marine diesel
engines.
The Below 0.5 W segment to maintain its lead position during
the forecast period.
By power rating, low-power components are essential for
optimizing the overall performance of diesel engines, as they help
minimize the energy drawn from the engine's electrical system. This
is particularly important in modern diesel vehicles, which are
increasingly equipped with various electronic systems and sensors
that require power. By using components with lower power ratings,
manufacturers can improve the fuel efficiency of their vehicles,
reduce emissions, and comply with stringent environmental
regulations.
Regional Outlook
Growth of the vehicle diesel engine market in Asia-Pacific is attributed to the growing
infrastructural expansions and electricity demand along with
significant growth in the average energy consumption rate in the
region. The huge surge in power consumption in developing countries
of the Asia-Pacific region, such
as China and India, with insufficient power infrastructure,
is expected to take some serious initiatives for making steady
power supply, which in turn is expected to fuel demand for diesel
engine generator, especially in the industrial and commercial
sector in the region.
To Talk With Our Industry Expert
@ https://www.alliedmarketresearch.com/connect-to-analyst/A125642
Key Players:
- Cummins
- DEUTZ
- Perkins
- MAN Energy Solutions
- Volvo Penta
- Mitsubishi
- MTU
- Caterpillar
- EMD
- Weichai
The report provides a detailed analysis of these key players in
the global vehicle diesel engines market. These players have
adopted different strategies such as new product launches,
collaborations, expansion, joint ventures, agreements, and others
to increase their market share and maintain dominant shares in
different regions. The report is valuable in highlighting business
performance, operating segments, product portfolio, and strategic
moves of market players to showcase the competitive
scenario.
Recent Development:
- Inn June 2023, GM announced that
it plans on moving Duramax diesel engine production from Moraine to
Brookville.
- In November 2022, Mitsubishi
announced the release of a tier 4 marine diesel engine with 1260
horsepower in Seattle.
- In February 2021, Yanmar Group
inaugurated India's first diesel
engine manufacturing facility. The area is around 23, 000 square
meters, with an annual production capacity of 80, 000 engines.
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