Diesel Engine Market Size, Share, Demand, Key Players, Growth and Industry Trends 2024-2032

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IMARC Group provides an analysis of the key trends in each segment of the global diesel engine market report, along with forecasts at the global and regional levels for 2024-2032.

IMARC Group's report titled "Diesel Engine Market Report by Power Rating (0.5 MW–1 MW, Up to 0.5 MW, 2 MW–5 MW, 1 MW–2 MW, Above 5 MW), End-User (Automotive, Non-Automotive), and Region 2024-2032". The global diesel engine market size reached USD 229.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 308.0 Billion by 2032, exhibiting a growth rate (CAGR) of 3.2% during 2024-2032.

Factors Affecting the Growth of the Diesel Engine Industry:

  • Growing Automotive Industry:

The growth of the automotive industry, particularly in developing regions, has greatly enhanced the demand for diesel engines. These engines are favored in commercial vehicles, including trucks, buses, and heavy-duty equipment, owing to their strength and efficiency in managing substantial loads and rigorous operational requirements. Additionally, the rapid urbanization and industrialization occurring in emerging markets are creating a heightened demand for transportation and logistics services. This increase necessitates a dependable fleet of commercial vehicles, which in turn supports the demand for diesel engines recognized for their resilience and long-lasting performance. Moreover, despite the movement towards more environmentally friendly alternatives, diesel engines continue to dominate these sectors due to the established infrastructure and technology that support diesel systems. The ongoing development in these areas further stimulates investments in diesel technology, ensuring its continued significance and progress within the global automotive landscape.

  • Expanding Marine Industry:

The marine sector is significantly dependent on diesel engines, which drive a wide range of vessels, including cargo ships, cruise liners, and ferries. These engines are preferred due to their high power density and fuel efficiency, both of which are vital for extended maritime journeys. As global trade continues to expand, there is an increasing demand for effective and dependable marine transportation, thereby enhancing the necessity for durable marine diesel engines. These engines play a crucial role in enabling large ships to transport substantial cargo over long distances in a cost-effective and reliable manner. Furthermore, the expansion of the cruise ship industry further amplifies this demand, as these large vessels necessitate powerful engines for propulsion and to provide electricity for various onboard facilities.

  • Construction and Mining Expansion:

The expanding construction and mining industries utilize diesel engines across various heavy machinery, such as excavators, bulldozers, and dump trucks. These sectors are frequently marked by challenging working conditions that necessitate dependable and powerful equipment, which diesel engines are well-equipped to provide in terms of durability and efficiency. Additionally, the demand for such machinery is propelled by infrastructure projects and increased mining activities, especially in developing nations. As these industries grow, the requirement for equipment capable of functioning reliably in harsh environments becomes essential. Furthermore, the capacity of diesel engines to generate high torque at low speeds renders them particularly suitable for the heavy lifting and substantial power demands characteristic of construction and mining operations, thereby fostering market expansion.

Leading Companies Operating in the Global Diesel Engine Industry:

  • AGCO Corporation
  • China First Automobile Works (FAW) Group Corporation
  • Robert Bosch GmbH
  • Deere & Company
  • Continental AG
  • Delphi Automotive System Private Limited
  • Mitsubishi Heavy Industries, Ltd.
  • Ford Motor Company
  • General Motors Company
  • MAN SE
  • Wärtsilä Oyj Abp
  • Cummins, Inc.
  • Caterpillar
  • Rolls-Royce Motor Cars Limited

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/diesel-engine-market/requestsample

Diesel Engine Market Report Segmentation:

By Power Rating:

  • 0.5 MW–1 MW
  • Up to 0.5 MW
  • 2 MW–5 MW
  • 1 MW–2 MW
  • Above 5 MW

0.5 MW-1MW holds the largest market share due to its versatility, catering to diverse applications such as industrial machinery, backup power generation, and marine propulsion, meeting a broad range of power requirements efficiently.

By End User:

  • Automotive
    • On-Road
      • Light Vehicles
      • Medium/Heavy Trucks
      • Light Trucks
    • Off Road
      • Industrial/Construction Equipment
      • Agriculture Equipment
      • Marine Applications
  • Non-Automotive

Automotive accounts for the largest market share, as they extensively rely on diesel engines for commercial vehicles, including trucks, buses, and off-road vehicles, driving significant demand within this segment.


Market Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Global Diesel Engine Market Trends:

Manufacturers are currently prioritizing the improvement of diesel engine efficiency and performance through innovations in engine design, fuel injection systems, turbocharging technologies, and electronic engine controls. Additionally, the incorporation of digital technologies and connectivity solutions into diesel engines and associated equipment is increasingly common, facilitating capabilities such as remote monitoring, predictive maintenance, and enhanced performance optimization. Furthermore, diesel engines are being utilized in a variety of applications beyond their traditional roles in the automotive and industrial sectors, including marine propulsion, power generation, and agricultural machinery. Moreover, sustainability considerations are shaping product development and manufacturing practices within the diesel engine sector, focusing on minimizing carbon emissions, enhancing energy efficiency, and advancing principles of a circular economy.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research. 

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