A diesel engine is an internal combustion engine that is used to initiate ignition to burn the fuel. They are available as two strokes and four strokes diesel engines. Diesel engines are used in submarines, ships, locomotives, trucks, buses, heavy equipments and in passenger cars. The demand of diesel engines has been growing globally due to its versatile usage in various areas.
The global market for diesel engines
is estimated to be around USD 130 billion in the year 2012. The growth
of global diesel engines market is primarily fueled by the growth of
Asia-pacific region. It is expected that China alone would be accounting
for one-third of global diesel engines market by the end of 2018. The
North America and European market will not be growing at a very rapid
pace as the Asia pacific will grow but it will grow with some renewed
demand after the period of economic slump in the regions.
One of the major factors driving this
market is the growth of global automotive industry, especially in the
Asian pacific, Russian and the Brazilian market. Other factors which are
helping the market to grow are technological advancement and rising
gasoline prices in some parts of the world. There’s a huge opportunity
in the fast growing Asian pacific region mainly due to demands from
emerging economies like India and China. Russia and Brazil are also not
far behind them when compared with their automotive industry. Diesel
engines are versatile in their functioning, their application includes
in: passenger cars, railroad rolling stock, military fuel
standardization and non-transport uses.
Some of the major players in diesel
engines market includes: AGCO Corporation, Bosch, China FAW group,
Continental AG, Deere & company, Delphi Automotive, Ford Motor,
General Motors, MAN SE, Mitsubishi heavy industries and others.
This research report analyzes
this market depending on its market segments, major geographies, and
current market trends. Geographies analyzed under this research report
include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of
current trends in the market, industry growth drivers, and restraints.
It provides market projections for the coming years. It includes
analysis of recent developments in technology, Porter’s five force model
analysis and detailed profiles of top industry players. The report
also includes a review of micro and macro factors essential for the
existing market players and new entrants along with detailed value
chain analysis.
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Reasons for Buying this Report
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward looking perspective on different factors driving or restraining market growth
- It provides a technological growth map over time to understand the industry growth rate
- It provides a seven-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future
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