The global diesel engine market size was USD 230 Billion in 2022 and is expected to reach USD 327.36 Billion in 2032, and register a rapid revenue CAGR of 4% during the forecast period. Rising demand for diesel engines across a number of sectors, including automotive, construction, marine, and power generating industries is a major factor driving market revenue growth.

Major end-user of diesel engine is the automobile industry. Diesel engines are preferable to gasoline engines for heavy-duty vehicles, such as trucks, buses, and construction equipment, due to their higher fuel efficiency, greater torque, and longer lifespan. Rapid growth in the automotive industry is rising demand for diesel engines, which in turn, is increasing need for commercial vehicles in developing nations such as China, India, and Brazil.

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Another significant end-user for diesel engines is the building sector. Diesel engines are frequently employed in construction equipment, such as bulldozers, excavators, cranes, and loaders, due to their great power and torque output. Infrastructure development projects including roads, railroads, airports, and residential constructions are all in high demand.

Another significant end-user for diesel engines is the marine sector. In ships, boats, and other marine vessels, diesel engines are frequently utilized because of their excellent fuel efficiency and dependability. In addition, , In backup power generators, diesel engines are frequently employed, particularly in locations with intermittent or inaccessible electricity. Moreover, rising need for electricity in emerging nations as well as increasing number of power outages caused by natural disasters and other factors is also expected to drive market revenue growth.

Furthermore, increasing popularity of hybrid and Electric Vehicles is another factor driving market revenue growth. However, governments all over the world are encouraging the use of clean energy and enforcing strict emission laws, which could restrain market growth. However, creation of cutting-edge technologies for diesel engines, such as cleaner fuels, diesel particulate Filters, and selective catalytic reduction systems, is another factor, which could restrain market revenue growth.

Competitive Landscape:

  • Cummins Inc.
  • Caterpillar Inc.
  • Deere Company
  • General Electric Company
  • Wärtsilä Corporation
  • Volvo Group
  • Mitsubishi Heavy Industries, Ltd.
  • Man SE
  • Rolls-Royce Holdings plc
  • Doosan Corporation

The global market is further segmented into type and application:

By Type Outlook 
  • Single Cylinder
  • Multi Cylinder
By Application Outlook 
  • Automotive
  • Industrial
  • Marine

Regional analysis provides insights into key trends and demands in each major country that can affect market growth in the region.

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
  • Asia Pacific (China, India, Japan, South Korea, Rest of APAC)
  • Latin America (Brazil, Rest of LATAM)
  • Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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