Diesel Engine Market to Grow at CAGR of 8.65% 2016 and Forecast to 2020
Diesel Engine -Market Demand, Growth, Opportunities and analysis of Top Key Player Forecast to 2021
PUNE, MAHARASHTRA, INDIA, September 8, 2016 /EINPresswire.com/ -- Diesel Engine1 IndustryDescription
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The diesel engine is an internal combustion engine in which air is compressed inside the cylinder to ignite the fuel. Two main types of diesel engines are available in the market. They are two-stroke and four-stroke engines. Diesel engines are capable of offering better operational performance, which makes them a preferred choice over petrol engines. The market is expected to witness high growth due to the rising demand for diesel engines from the automotive industries in APAC. The latest development observed in the market is the incorporation of exhaust after-treatment technologies. This technology aims to reduce emissions, and aid compliance with set standards and regulations.
Technavio’s analysts forecast the global diesel engine market to grow at a CAGR of 8.65% during the period 2016-2020.
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Covered in this report
The report covers the present scenario and the growth prospects of the global diesel engine market for 2016-2020. To calculate the market size, Technavio considers the market demand from the on-road and off-road end-user segments. The on-road segment comprises of light vehicles, medium/heavy trucks, and light trucks. The off-road segment comprises the equipment run by diesel engines in industrial/construction, agriculture, and marine sectors.
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Technavio's report, Global Diesel Engine Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• Caterpillar
• Cummins
• MAN
• Mitsubishi
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Other prominent vendors
• Detroit Diesel
• Deutz
• Fairbanks Morse
• GE Transportation
• HATZ Diesel
• Henan Diesel Engine Industry
• Isuzu
• J C Bamford
• Rolls-Royce
• Volvo
• Wartsila
Market driver
• Rising demand for diesel vehicles
• For a full, detailed list, view our report
Market challenge
• Stringent regulations
• For a full, detailed list, view our report
Market trend
• Growing popularity of exhaust after-treatment technologies
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
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