Dublin, Oct. 06, 2020 (GLOBE NEWSWIRE) -- The "Diesel Engine Market - Global Outlook and Forecast 2020-2025" report has been added to ResearchAndMarkets.com's offering.
In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Global Diesel Engine Market Report
The diesel engine market by revenue is expected to grow at a CAGR of 3% during the period 2019-2025.
The global diesel engine market is expected to touch new growth heights on account of the development of new generation agriculture equipment, manufacturing, forestry, material processing, military, mining and utility vehicles, and locomotives and ships, which are expected to expand the usage of modern diesel engines. The sale of aftermarket diesel engine products is also likely to rise as the world's stocks are increasing.
In addition, diesel models in industrializing countries with low strict emission requirements are expected to gain market shares. Several powerful diesel engines are expected to be built in the future, which comply with the latest emissions regulations. The global demand for diesel engines is expected to be guided primarily by the development in major regions, including Europe and APAC. The increasing use of more sophisticated technical engines is also likely to increase to drive revenue during the forecast period.
The impact of COVID-19 on the global economy has affected the automotive and non-automotive markets, which have affected industrial and commercial vehicle sales and fuel prices. Hence, the slowdown in the automotive sector has also affected the global diesel engine market in terms of demand.
INSIGHTS BY GEOGRAPHY
The APAC diesel engine market growth is strengthened because of the increased use of commercial vehicles in the industrial sector. Growth in vehicle sales were impacted throughout the globe in the first two quarters of 2020 due to the outbreak of the pandemic. Also, diesel vehicle markets are projected to remain uncertain in 2020 and 2021, owing to fluctuating macroeconomic conditions. The diesel engine industry in APAC is expected to grow at a CAGR of over 2% during the forecast period.
China is likely to witness a truncated growth rate with respect to diesel engines, as the electric vehicle market is set to grow further in the country, with minimal government incentives. The demand for diesel engine vehicles has been increasing in Japan, whereas countries in Europe and North America were declining. The diesel engine market in India is anticipated to have opportunities in construction equipment and heavy industry equipment markets.
Key Questions Answered:
What is the diesel engine market size and growth rate during the forecast period?
What are the factors impacting the growth of the diesel engine market share?
Who are the leading vendors in the diesel engine market, and what are their market shares?
What is the impact of the COVID-19 pandemic on the diesel engine market share?
Key Topics Covered:
1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope Of The Study
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Market At A Glance
7.2 Impact Of COVID-19
7.2.1 Impact on Key Countries
8 Market Opportunities & Trends
8.1 Growth In Hybrid Vehicle
8.2 Growth In The Non-Automotive Market
9 Market Growth Enablers
9.1 Rising Demand For Diesel Vehicles
9.2 Fuel Efficient Than Petrol Engine
10 Market Restraints
10.1 Competition From Alternative Energy Source
10.2 Stringent Regulations
10.3 Growing Electric Vehicle Market
11 Market Landscape
11.1 Market Overview
11.2 Market Size & Forecast
11.3 Five Forces Analysis
12.1 Market Snapshot & Growth Engine
12.2 Market Overview
13.1 Market Overview
13.2 Impact of COVID-19
13.3 Market Size & Forecast
13.4 Heavy Vehicles
13.5 Light Passenger
13.6 Light Commercial
14.1 Market Overview
14.2 Impact of COVID-19
14.3 Market Size & Forecast
14.4 Construction Equipment
14.5 Power Equipment
14.6 Marine Industry
14.7 Agricultural Equipment
15 Power Equipment By Operation
15.1 Market Snapshot & Growth Engine
15.2 Market Overview
15.3 Peak Shaving
16 Power Equipment By End User
16.1 Market Snapshot & Growth Engine
16.2 Market Overview
17 Marine Industry By Speed
17.1 Market Snapshot & Growth Engine
17.2 Market Overview
17.3 Low Speed
17.4 Medium Speed
17.5 High Speed
18.1 Market Snapshot & Growth Engine
18.2 Geographic Overview
Other Prominent Vendors
General Motors (GM)
Navistar International Corporation
IHI Power Systems
Kawasaki Heavy Industries
Winterthur Gas & Diesel
For more information about this report visit https://www.researchandmarkets.com/r/i74fj4
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