Global Diesel Engine Market report published by Accurize Market Research forecast that the global market is expected to reach $364.1 billion by 2025; growing at a CAGR of 7.3% from 2017 to 2025. By geography, the Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.
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Rising demand for heavy-end equipment across several industries, and growing need for construction and auxiliary power equipment to drive the growth of the market
Rising demand for heavy-end equipment across several industries and growing need for construction and auxiliary power equipment fuels the demand for the global diesel engine market. Furthermore, the rising assumption of a diesel engine in marine transportation also boosts the growth of the market.
Market Segmentation
The global diesel engine market has been bifurcated on the basis of end-user, and geography. The end-user segment is bifurcated into the on-road diesel engine and off-road diesel engine. The on-road diesel engine is further categorized into light vehicle diesel engine, medium/heavy truck diesel engine, and light truck diesel engine. Furthermore, the off-road diesel engine is segregated on the basis of agriculture equipment diesel engines, industrial/construction equipment diesel engines, and marine diesel engines.
By geography, the market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). North America is further bifurcated in the U.S., Canada, and Mexico, whereas Europe segment consists of the UK, Germany, France, Russia, Italy and the Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea and Rest of Asia-Pacific while RoW is bifurcated into South America, the Middle East, and Africa.
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Top players in the market
The key market players include Deere & Company, Mitsubishi Heavy Industries, Ltd., FAW Group, General Motors, MAN SE, Continental AG, AGCO Corporation, Robert Bosch GmbH, Ford Motor, and GE Transportation, among others.
