The global diesel power engine market size is estimated to reach a valuation of US$ 9 billion by 2024. It is expected to attain a valuation of around US$ 18.8 billion by 2034. The market is likely to expand at a CAGR of 7.6% in the forecast period 2024 to 2034.
Key Diesel Power Engine Market Trends
Attributes | Key Insights |
---|---|
Diesel Power Engine Market Anticipated Value (2023A) | US$ 8.3 billion |
Diesel Power Engine Market Estimated Valuation (2024E) | US$ 9 billion |
Projected Diesel Power Engine Market Size (2034F) | US$ 18.8 billion |
Value-based Diesel Power Engine Market CAGR (2024 to 2034) | 7.6% |
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The global diesel power engine market expanded at a CAGR of about 9.2% in the historical period 2019 to 2023. It will likely rise at a CAGR of 7.6% in the assessment period. The market stood at a valuation of US$ 8.3 billion in 2023.
Historical CAGR (2019 to 2023) | 9.2% |
---|---|
Forecast CAGR (2024 to 2034) | 7.6% |
Diesel Engine Market Growth Outlook from 2019 to 2023
Diesel Engine Market Size Analysis from 2024 to 2034
The table provides information about significant variations in growth rates and dynamic trends in the diesel power engine market. Readers can gain insights into changing consumer tastes and evolving market dynamics throughout an array of different periods.
The table offers an explanation of growth potential, scrutinizing the role that actual numbers and predictions have in determining the future path of the market.
Details | CAGR |
---|---|
H1 (2023 to 2033) | 8.1% |
H2 (2023 to 2033) | 7.0% |
H1 (2024 to 2034) | 8.2% |
H2 (2024 to 2034) | 6.9% |
The section below highlights the CAGRs of the leading countries in the diesel power engine market. The three main countries pushing diesel power engine demand include Japan, the United Kingdom, and the United States.
According to the analysis, Japan is set to lead the diesel power engine market by showcasing a CAGR of 9.0% in the forecast period. The country is anticipated to be followed by the United Kingdom and the United States, with CAGRs of 8.5% and 7.9%, respectively.
Countries | CAGR (2024 to 2034) |
---|---|
United States | 7.9% |
United Kingdom | 8.5% |
China | 6.8% |
Japan | 9.0% |
South Korea | 5.1% |
The table below showcases the size of the top 5 countries present in the global diesel power engine market. Out of all the countries, the United States is expected to reach a valuation of US$ 3.3 billion by 2034. Followed by the United States, China and Japan are anticipated to attain valuations of US$ 2.6 billion and US$ 2.1 billion, respectively.
Countries | Market Size (2034) |
---|---|
United States | US$ 3.3 billion |
United Kingdom | US$ 781.7 million |
China | US$ 2.6 billion |
Japan | US$ 2.1 billion |
South Korea | US$ 692.8 million |
The United States diesel power engine market is projected to attain a valuation of US$ 3.3 billion by 2034. It will likely rise at a CAGR of 7.9% from 2024 to 2034. Factors pushing the diesel engine industry in the country are:
It is estimated that China will generate a steady diesel power engine market share in the forecast period. The country is anticipated to expand at a CAGR of 6.8% from 2024 to 2034. Key factors augmenting the market include:
Japan’s diesel power engine market is anticipated to witness a CAGR of 9.0% through 2034. The country is likely to expand considerably due to the following factors:
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The below section shows the global trends in the diesel power engine industry in terms of operation and rated power. The standby segment is expected to lead the diesel power engine market based on operation.
It is set to showcase a CAGR of around 7.4% from 2024 to 2034. Based on the rated power, the up to 0.5 MW segment is anticipated to exhibit a dominant CAGR of 7.1% through 2034.
Segment | Value CAGR (2024 to 2034) |
---|---|
Standby (Operation) | 7.4% |
Up to 0.5 MW (Rated Power) | 7.1% |
In terms of operation, the standby segment is projected to witness a CAGR of 7.4% from 2024 to 2034. The segment is likely to surge rapidly owing to the following factors:
Based on rated power, the up to 0.5 MW category is estimated to exhibit a CAGR of around 7.1% through 2034. This growth is attributed to the following factors:
The global diesel power engine market is highly fragmented, with the presence of several key companies. They are mainly focusing on joining hands with renowned automakers to provide their in-house heavy-duty diesel engines.
Several automotive manufacturers worldwide are striving to increase sales of their diesel-powered vehicles to gain a competitive edge. They are constantly updating their old car models to include diesel engines and new features.
For instance:
The diesel power engine market is set to reach US$ 18.8 billion by 2034.
Caterpillar Inc. and Cummins, Inc. are the leading manufacturers.
The popularity of diesel engines is rising owing to their ability to offer high fuel economy.
The diesel power engine market is expected to reach US$ 9 billion in 2024.
The diesel power engine market is set to expand at a CAGR of 7.6% through 2034.
The standby segment is expected to lead the diesel power engine market.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
4.1. Historical Market Size Value (US$ billion) & Volume (Units) Analysis, 2019 to 2023
4.2. Current and Future Market Size Value (US$ billion) & Volume (Units) Projections, 2024 to 2034
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Operation
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ billion) & Volume (Units) Analysis By Operation, 2019 to 2023
5.3. Current and Future Market Size Value (US$ billion) & Volume (Units) Analysis and Forecast By Operation, 2024 to 2034
5.3.1. Standby
5.3.2. Prime
5.3.3. Peak Shaving
5.4. Y-o-Y Growth Trend Analysis By Operation, 2019 to 2023
5.5. Absolute $ Opportunity Analysis By Operation, 2024 to 2034
6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Rated Power
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ billion) & Volume (Units) Analysis By Rated Power, 2019 to 2023
6.3. Current and Future Market Size Value (US$ billion) & Volume (Units) Analysis and Forecast By Rated Power, 2024 to 2034
6.3.1. Up to 0.5 MW
6.3.2. 0.5 to 1 MW
6.3.3. 1 to 2 MW
6.3.4. 2 to 5 MW
6.3.5. Above 5 MW
6.4. Y-o-Y Growth Trend Analysis By Rated Power, 2019 to 2023
6.5. Absolute $ Opportunity Analysis By Rated Power, 2024 to 2034
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End-user
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ billion) & Volume (Units) Analysis By End-user, 2019 to 2023
7.3. Current and Future Market Size Value (US$ billion) & Volume (Units) Analysis and Forecast By End-user, 2024 to 2034
7.3.1. Industrial
7.3.2. Commercial
7.3.3. Residential
7.4. Y-o-Y Growth Trend Analysis By End-user, 2019 to 2023
7.5. Absolute $ Opportunity Analysis By End-user, 2024 to 2034
8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ billion) & Volume (Units) Analysis By Region, 2019 to 2023
8.3. Current Market Size Value (US$ billion) & Volume (Units) Analysis and Forecast By Region, 2024 to 2034
8.3.1. North America
8.3.2. Latin America
8.3.3. Western Europe
8.3.4. Eastern Europe
8.3.5. South Asia and Pacific
8.3.6. East Asia
8.3.7. Middle East and Africa
8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
9.1. Historical Market Size Value (US$ billion) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
9.2. Market Size Value (US$ billion) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
9.2.1. By Country
9.2.1.1. United States
9.2.1.2. Canada
9.2.2. By Operation
9.2.3. By Rated Power
9.2.4. By End-user
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Operation
9.3.3. By Rated Power
9.3.4. By End-user
9.4. Key Takeaways
10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
10.1. Historical Market Size Value (US$ billion) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
10.2. Market Size Value (US$ billion) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Rest of Latin America
10.2.2. By Operation
10.2.3. By Rated Power
10.2.4. By End-user
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Operation
10.3.3. By Rated Power
10.3.4. By End-user
10.4. Key Takeaways
11. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
11.1. Historical Market Size Value (US$ billion) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
11.2. Market Size Value (US$ billion) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. United Kingdom
11.2.1.3. France
11.2.1.4. Spain
11.2.1.5. Italy
11.2.1.6. Rest of Western Europe
11.2.2. By Operation
11.2.3. By Rated Power
11.2.4. By End-user
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Operation
11.3.3. By Rated Power
11.3.4. By End-user
11.4. Key Takeaways
12. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
12.1. Historical Market Size Value (US$ billion) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
12.2. Market Size Value (US$ billion) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
12.2.1. By Country
12.2.1.1. Poland
12.2.1.2. Russia
12.2.1.3. Czech Republic
12.2.1.4. Romania
12.2.1.5. Rest of Eastern Europe
12.2.2. By Operation
12.2.3. By Rated Power
12.2.4. By End-user
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Operation
12.3.3. By Rated Power
12.3.4. By End-user
12.4. Key Takeaways
13. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
13.1. Historical Market Size Value (US$ billion) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
13.2. Market Size Value (US$ billion) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
13.2.1. By Country
13.2.1.1. India
13.2.1.2. Bangladesh
13.2.1.3. Australia
13.2.1.4. New Zealand
13.2.1.5. Rest of South Asia and Pacific
13.2.2. By Operation
13.2.3. By Rated Power
13.2.4. By End-user
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Operation
13.3.3. By Rated Power
13.3.4. By End-user
13.4. Key Takeaways
14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
14.1. Historical Market Size Value (US$ billion) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
14.2. Market Size Value (US$ billion) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
14.2.1. By Country
14.2.1.1. China
14.2.1.2. Japan
14.2.1.3. South Korea
14.2.2. By Operation
14.2.3. By Rated Power
14.2.4. By End-user
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Operation
14.3.3. By Rated Power
14.3.4. By End-user
14.4. Key Takeaways
15. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
15.1. Historical Market Size Value (US$ billion) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
15.2. Market Size Value (US$ billion) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
15.2.1. By Country
15.2.1.1. GCC Countries
15.2.1.2. South Africa
15.2.1.3. Israel
15.2.1.4. Rest of Middle East and Africa
15.2.2. By Operation
15.2.3. By Rated Power
15.2.4. By End-user
15.3. Market Attractiveness Analysis
15.3.1. By Country
15.3.2. By Operation
15.3.3. By Rated Power
15.3.4. By End-user
15.4. Key Takeaways
16. Key Countries Market Analysis
16.1. United States
16.1.1. Pricing Analysis
16.1.2. Market Share Analysis, 2023
16.1.2.1. By Operation
16.1.2.2. By Rated Power
16.1.2.3. By End-user
16.2. Canada
16.2.1. Pricing Analysis
16.2.2. Market Share Analysis, 2023
16.2.2.1. By Operation
16.2.2.2. By Rated Power
16.2.2.3. By End-user
16.3. Brazil
16.3.1. Pricing Analysis
16.3.2. Market Share Analysis, 2023
16.3.2.1. By Operation
16.3.2.2. By Rated Power
16.3.2.3. By End-user
16.4. Mexico
16.4.1. Pricing Analysis
16.4.2. Market Share Analysis, 2023
16.4.2.1. By Operation
16.4.2.2. By Rated Power
16.4.2.3. By End-user
16.5. Germany
16.5.1. Pricing Analysis
16.5.2. Market Share Analysis, 2023
16.5.2.1. By Operation
16.5.2.2. By Rated Power
16.5.2.3. By End-user
16.6. United Kingdom
16.6.1. Pricing Analysis
16.6.2. Market Share Analysis, 2023
16.6.2.1. By Operation
16.6.2.2. By Rated Power
16.6.2.3. By End-user
16.7. France
16.7.1. Pricing Analysis
16.7.2. Market Share Analysis, 2023
16.7.2.1. By Operation
16.7.2.2. By Rated Power
16.7.2.3. By End-user
16.8. Spain
16.8.1. Pricing Analysis
16.8.2. Market Share Analysis, 2023
16.8.2.1. By Operation
16.8.2.2. By Rated Power
16.8.2.3. By End-user
16.9. Italy
16.9.1. Pricing Analysis
16.9.2. Market Share Analysis, 2023
16.9.2.1. By Operation
16.9.2.2. By Rated Power
16.9.2.3. By End-user
16.10. Poland
16.10.1. Pricing Analysis
16.10.2. Market Share Analysis, 2023
16.10.2.1. By Operation
16.10.2.2. By Rated Power
16.10.2.3. By End-user
16.11. Russia
16.11.1. Pricing Analysis
16.11.2. Market Share Analysis, 2023
16.11.2.1. By Operation
16.11.2.2. By Rated Power
16.11.2.3. By End-user
16.12. Czech Republic
16.12.1. Pricing Analysis
16.12.2. Market Share Analysis, 2023
16.12.2.1. By Operation
16.12.2.2. By Rated Power
16.12.2.3. By End-user
16.13. Romania
16.13.1. Pricing Analysis
16.13.2. Market Share Analysis, 2023
16.13.2.1. By Operation
16.13.2.2. By Rated Power
16.13.2.3. By End-user
16.14. India
16.14.1. Pricing Analysis
16.14.2. Market Share Analysis, 2023
16.14.2.1. By Operation
16.14.2.2. By Rated Power
16.14.2.3. By End-user
16.15. Bangladesh
16.15.1. Pricing Analysis
16.15.2. Market Share Analysis, 2023
16.15.2.1. By Operation
16.15.2.2. By Rated Power
16.15.2.3. By End-user
16.16. Australia
16.16.1. Pricing Analysis
16.16.2. Market Share Analysis, 2023
16.16.2.1. By Operation
16.16.2.2. By Rated Power
16.16.2.3. By End-user
16.17. New Zealand
16.17.1. Pricing Analysis
16.17.2. Market Share Analysis, 2023
16.17.2.1. By Operation
16.17.2.2. By Rated Power
16.17.2.3. By End-user
16.18. China
16.18.1. Pricing Analysis
16.18.2. Market Share Analysis, 2023
16.18.2.1. By Operation
16.18.2.2. By Rated Power
16.18.2.3. By End-user
16.19. Japan
16.19.1. Pricing Analysis
16.19.2. Market Share Analysis, 2023
16.19.2.1. By Operation
16.19.2.2. By Rated Power
16.19.2.3. By End-user
16.20. South Korea
16.20.1. Pricing Analysis
16.20.2. Market Share Analysis, 2023
16.20.2.1. By Operation
16.20.2.2. By Rated Power
16.20.2.3. By End-user
16.21. GCC Countries
16.21.1. Pricing Analysis
16.21.2. Market Share Analysis, 2023
16.21.2.1. By Operation
16.21.2.2. By Rated Power
16.21.2.3. By End-user
16.22. South Africa
16.22.1. Pricing Analysis
16.22.2. Market Share Analysis, 2023
16.22.2.1. By Operation
16.22.2.2. By Rated Power
16.22.2.3. By End-user
16.23. Israel
16.23.1. Pricing Analysis
16.23.2. Market Share Analysis, 2023
16.23.2.1. By Operation
16.23.2.2. By Rated Power
16.23.2.3. By End-user
17. Market Structure Analysis
17.1. Competition Dashboard
17.2. Competition Benchmarking
17.3. Market Share Analysis of Top Players
17.3.1. By Regional
17.3.2. By Operation
17.3.3. By Rated Power
17.3.4. By End-user
18. Competition Analysis
18.1. Competition Deep Dive
18.1.1. Caterpillar Inc.
18.1.1.1. Overview
18.1.1.2. Product Portfolio
18.1.1.3. Profitability by Market Segments
18.1.1.4. Sales Footprint
18.1.1.5. Strategy Overview
18.1.1.5.1. Marketing Strategy
18.1.1.5.2. Product Strategy
18.1.1.5.3. Channel Strategy
18.1.2. Cummins, Inc.
18.1.2.1. Overview
18.1.2.2. Product Portfolio
18.1.2.3. Profitability by Market Segments
18.1.2.4. Sales Footprint
18.1.2.5. Strategy Overview
18.1.2.5.1. Marketing Strategy
18.1.2.5.2. Product Strategy
18.1.2.5.3. Channel Strategy
18.1.3. MAN SE
18.1.3.1. Overview
18.1.3.2. Product Portfolio
18.1.3.3. Profitability by Market Segments
18.1.3.4. Sales Footprint
18.1.3.5. Strategy Overview
18.1.3.5.1. Marketing Strategy
18.1.3.5.2. Product Strategy
18.1.3.5.3. Channel Strategy
18.1.4. Rolls-Royce Holdings plc.
18.1.4.1. Overview
18.1.4.2. Product Portfolio
18.1.4.3. Profitability by Market Segments
18.1.4.4. Sales Footprint
18.1.4.5. Strategy Overview
18.1.4.5.1. Marketing Strategy
18.1.4.5.2. Product Strategy
18.1.4.5.3. Channel Strategy
18.1.5. Wärtsilä Corp
18.1.5.1. Overview
18.1.5.2. Product Portfolio
18.1.5.3. Profitability by Market Segments
18.1.5.4. Sales Footprint
18.1.5.5. Strategy Overview
18.1.5.5.1. Marketing Strategy
18.1.5.5.2. Product Strategy
18.1.5.5.3. Channel Strategy
18.1.6. Mitsubishi Heavy Industries, Ltd.
18.1.6.1. Overview
18.1.6.2. Product Portfolio
18.1.6.3. Profitability by Market Segments
18.1.6.4. Sales Footprint
18.1.6.5. Strategy Overview
18.1.6.5.1. Marketing Strategy
18.1.6.5.2. Product Strategy
18.1.6.5.3. Channel Strategy
18.1.7. Volvo Penta
18.1.7.1. Overview
18.1.7.2. Product Portfolio
18.1.7.3. Profitability by Market Segments
18.1.7.4. Sales Footprint
18.1.7.5. Strategy Overview
18.1.7.5.1. Marketing Strategy
18.1.7.5.2. Product Strategy
18.1.7.5.3. Channel Strategy
18.1.8. Hyundai Heavy Industries Co., Ltd.
18.1.8.1. Overview
18.1.8.2. Product Portfolio
18.1.8.3. Profitability by Market Segments
18.1.8.4. Sales Footprint
18.1.8.5. Strategy Overview
18.1.8.5.1. Marketing Strategy
18.1.8.5.2. Product Strategy
18.1.8.5.3. Channel Strategy
18.1.9. Doosan
18.1.9.1. Overview
18.1.9.2. Product Portfolio
18.1.9.3. Profitability by Market Segments
18.1.9.4. Sales Footprint
18.1.9.5. Strategy Overview
18.1.9.5.1. Marketing Strategy
18.1.9.5.2. Product Strategy
18.1.9.5.3. Channel Strategy
18.1.10. Yanmar Co., Ltd.
18.1.10.1. Overview
18.1.10.2. Product Portfolio
18.1.10.3. Profitability by Market Segments
18.1.10.4. Sales Footprint
18.1.10.5. Strategy Overview
18.1.10.5.1. Marketing Strategy
18.1.10.5.2. Product Strategy
18.1.10.5.3. Channel Strategy
18.1.11. Kubota Corporation
18.1.11.1. Overview
18.1.11.2. Product Portfolio
18.1.11.3. Profitability by Market Segments
18.1.11.4. Sales Footprint
18.1.11.5. Strategy Overview
18.1.11.5.1. Marketing Strategy
18.1.11.5.2. Product Strategy
18.1.11.5.3. Channel Strategy
18.1.12. Kohler Co among others
18.1.12.1. Overview
18.1.12.2. Product Portfolio
18.1.12.3. Profitability by Market Segments
18.1.12.4. Sales Footprint
18.1.12.5. Strategy Overview
18.1.12.5.1. Marketing Strategy
18.1.12.5.2. Product Strategy
18.1.12.5.3. Channel Strategy
19. Assumptions & Acronyms Used
20. Research Methodology
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