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According to Publisher’s latest study, the global Vehicle Diesel Engine market size was valued at US$ 44050 million in 2023. With the growing demand in the downstream market, the Vehicle Diesel Engine is forecast to a readjusted size of US$ 37200 million by 2030 with a CAGR of -2.4% during the review period.
Market Overview
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A Bonafide Research industry report provides in-depth market analysis, trends, competitive insights, and strategic recommendations to help businesses make informed decisions.
The research report highlights the growth potential of the global Vehicle Diesel Engine market. Vehicle Diesel Engine is expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Vehicle Diesel Engine. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Vehicle Diesel Engine market.
A diesel engine is an 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 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.
Key Features:
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Manmayi Raval
Research Consultant
Market Drivers: Technological Advancements: Direct fuel injection, exhaust after-treatment systems, turbocharging, and other innovations in diesel engine technology are lowering emissions and increasing engine efficiency.
Regulatory Pressures: Manufacturers are under pressure to create cleaner and more efficient diesel engines due to the strict emission requirements enforced by governments across the globe.
Growing Preference for Fuel Efficiency: As a result of shifting fuel prices and environmental concerns, consumers are becoming more and more interested in automobiles with low fuel consumption, which is driving up demand for diesel engines.
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Growth in the Commercial Vehicle Segment: The demand for diesel-powered commercial vehicles is being driven by the expansion of the logistics and transportation sectors, especially in emerging nations.
Challenges- Emission regulations: Although they force manufacturers to innovate, firms also face financial and compliance difficulties as a result of these regulations.
Electric Vehicle Adoption: The market for diesel engines may be threatened by the rising popularity of electric vehicles (EVs). Diesel engines are anticipated to remain prevalent, especially in markets where high torque and fuel efficiency are essential.
Public Perception: Efforts to educate the public about developments in clean diesel technologies are necessary since negative views about diesel emissions might affect customer preferences.
Market Forecasts and Future Outlook: The global market for diesel car engines is expected to increase gradually between 2024 and 2030, notwithstanding the obstacles. New opportunities should arise from sustained research and development spending and advances in hybrid diesel technologies. The demand for dependable and effective transportation options will continue to propel expansion in the commercial vehicle market in particular.
Opportunities: Hybrid Diesel Technologies: There are a lot of chances to improve fuel economy and cut emissions when hybrid technologies are used with diesel engines. As a result, diesel engines may become more competitive with EVs.
Emerging Markets: The market for diesel engines has room to grow, especially in the commercial vehicle category, as a result of the rapid urbanization and industrialization occurring in these regions.
Developments in Biofuels: In line with international environmental goals, the development and use of biodiesel and other alternative fuels can offer diesel engines a more sustainable route.
Aftermarket Services: As the number of vehicles with diesel engines rises, there are more chances for maintenance, repairs, and part replacements. These services generate additional revenue streams for industry participants.
Market Segmentation:
Vehicle Diesel Engine market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. Regarding products, 4 Cylinder is the largest segment, with a share of about 55%. In terms of application, the largest application is Commercial Vehicles, followed by Passenger Vehicles.
1. Segmentation by type
• 4 Cylinder
• 6 Cylinder
• Above 6-cylinder
2. Segmentation by application
• Passenger Vehicles
• Commercial Vehicles
Regional Insights: North America: The growing demand for off-highway vehicles and heavy-duty trucks is driving the expansion of the North American market. Technological developments in diesel engines are also being propelled by the enforcement of strict emission standards. Europe: Particularly for commercial vehicles, Europe continues to be a major market for diesel engines. The transition to cleaner diesel technologies and the EU's strict emission regulations are major growth drivers. Asia-Pacific: Driven by the growing automobile sector in nations like China and India, the Asia-Pacific area is anticipated to see significant expansion. Growing industrial activity and infrastructural development are driving up diesel engine demand even further. Through the help of industrialization and economic development, the demand for commercial and off-highway vehicles is growing throughout Latin America, the Middle East, and Africa. Europe is the largest market, with a share of over 60%, followed by North America and China, both have a share of over 25 per cent.
3. Americas
• United States
• Canada
• Mexico
• Brazil
4. APAC
• China
• Japan
• Korea
• Southeast Asia
• India
• Australia
5. Europe
• Germany
• France
• UK
• Italy
• Russia
6. Middle East & Africa
• Egypt
• South Africa
• Israel
• Turkey
• GCC Countries
Competitive Landscape- Global Vehicle Diesel Engine key players include Volkswagen, Renault, PSA, Ford, etc. Global top four manufacturers hold a share of about 25%. The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
• Volkswagen
• Daimler
• Cummins
• BMW
• Renault
• PSA
• Ford
• FIAT
• Toyota
• Deutz
• Weichai
• Yuchai
• Quanchai
• VOLVO
• Yunnei Power
• FOTON
• FAW
• Mitsubishi
• DFAC
• JMC
• CNHTC
• Great Wall Motor
Table of Contents
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Vehicle Diesel Engine Annual Sales 2019-2030
2.1.2 World Current & Future Analysis for Vehicle Diesel Engine by Geographic Region, 2019, 2023 & 2030
2.1.3 World Current & Future Analysis for Vehicle Diesel Engine by Country/Region, 2019, 2023 & 2030
2.2 Vehicle Diesel Engine Segment by Type
2.2.1 4 Cylinder
2.2.2 6 Cylinder
2.2.3 Above 6 Cylinder
2.3 Vehicle Diesel Engine Sales by Type
2.3.1 Global Vehicle Diesel Engine Sales Market Share by Type (2019-2024)
2.3.2 Global Vehicle Diesel Engine Revenue and Market Share by Type (2019-2024)
2.3.3 Global Vehicle Diesel Engine Sale Price by Type (2019-2024)
2.4 Vehicle Diesel Engine Segment by Application
2.4.1 Passenger Vehicles
2.4.2 Commercial Vehicles
2.5 Vehicle Diesel Engine Sales by Application
2.5.1 Global Vehicle Diesel Engine Sale Market Share by Application (2019-2024)
2.5.2 Global Vehicle Diesel Engine Revenue and Market Share by Application (2019-2024)
2.5.3 Global Vehicle Diesel Engine Sale Price by Application (2019-2024)
3 Global Vehicle Diesel Engine by Company
3.1 Global Vehicle Diesel Engine Breakdown Data by Company
3.1.1 Global Vehicle Diesel Engine Annual Sales by Company (2019-2024)
3.1.2 Global Vehicle Diesel Engine Sales Market Share by Company (2019-2024)
3.2 Global Vehicle Diesel Engine Annual Revenue by Company (2019-2024)
3.2.1 Global Vehicle Diesel Engine Revenue by Company (2019-2024)
3.2.2 Global Vehicle Diesel Engine Revenue Market Share by Company (2019-2024)
3.3 Global Vehicle Diesel Engine Sale Price by Company
3.4 Key Manufacturers Vehicle Diesel Engine Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Vehicle Diesel Engine Product Location Distribution
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