A recent report published by Infinium Global Research on diesel engine market provides in-depth analysis of segments and sub-segments in the global as well as regional diesel engine market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional diesel engine market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global diesel engine market. According to the report, the global diesel engine market is projected to grow at a CAGR of 7.0% over the forecast period of 2019-2025.
The diesel engine is an internal-combustion engine in that air is compressed to a sufficiently high temperature to ignite diesel fuel injected into the cylinder, in which expansion and combustion actuate a piston. Diesel engine converts the chemical energy stored in the diesel or fuel into mechanical energy, that energy is used to power large tractors, and marine vessels, freight trucks, and locomotives. Few numbers of automobiles are diesel-powered.
The global diesel engine market is primarily driven by the rising power generation capacity, rising demand for reliable power supply, and growing process and manufacturing industries. Moreover, Surge in the mining, industrial, construction, and transport sectors in the developing countries such as China and India is expected to fuel the market growth in the near future. However, slow down in the Automobile industry in the global market due to low demand and rising prices of fuel are expected to hinder the demand for the global diesel engine market. Nonetheless, many manufacturers are expanding their manufacturing plants in the Asia-Pacific due to the easy availability of raw materials and low labor costs accordingly, increasing developments within various end-user industries of developing countries of the Asia-Pacific are anticipated to create a new opportunity for the global diesel engine market.
On the basis of region, the global diesel engine market is bifurcated into Asia-Pacific, North America, Latin America, Europe, and the Middle East and Africa. The Asia-Pacific is expected to exhibit the fastest growth in the global diesel engine market in the near future owing to rising demand in the emerging economy of the region including India and China. Moreover, many manufacturers are expanding manufacturing facilities in the developing region or countries of Asia-Pacific on an account of the easy availability of raw materials and low labor costs. Europe and North America are also expected to grow at a remarkable growth rate within the projected years.
The report on global diesel engine market covers segments such as type and application. On the basis of type, the sub-markets include multi cylinder, and single cylinder. On the basis of application, the sub-markets include industrial, agriculture, automotive, construction, and other.
The report provides profiles of the companies in the market such as ACGO Corporation, Bosch, Delphi Automotive, Deere & Company, China FAW Group, Continental AG, Mitsubishi Heavy Industries, General Motors, MAN SE, and Ford Motor.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of diesel engine market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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