LONDON--(BUSINESS WIRE)--Technavio has been monitoring the global diesel engine market since 2016 and the market is poised to grow by USD 101.77 billion during 2018-2022, progressing at a CAGR of over 7% during the forecast period. Request Free Sample Pages
Read the 111-page research report with TOC on "Diesel Engine Market Analysis Report by End-users (On-road and Off-road), Geography (Americas, APAC, and EMEA), and Segment Forecasts, 2018-2022".
The advantages of diesel engines over petrol engines and growing demand for diesel engines from the APAC region is anticipated to boost the growth of the market.
The primary factor that favors the use of diesel engines for commercial purpose is their ability to offer better mileage when compared with petrol engines. Diesel engines are almost 1.5 % more efficient than petrol engines. They are designed to operate at higher compression ratios of 15:20, while petrol engines have lower compression ratios of usually 8:10. The high compression ratios of diesel engines offers high thermal efficiency and fuel efficiency. Such advantages of diesel engines over petrol engines is expected to drive market growth during the forecast period.
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Major Five Diesel Engine Market Companies:
AGCO is headquartered in the US and offers diesel engine of varied models including 33 MD, 33 HD, 44 MD, 44 HD, and 49 HD.
Bosch is headquartered in Germany and offers products through the following business units: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. The company offers Single Cylinder Pumps (PF), Multi Cylinder Pumps (PE), Distributor Pumps (VE), and more.
Caterpillar is headquartered in the US and operates under various business segments, namely Construction industry, Resource industries, Energy and transportation, and Financial products. The company offers diesel engine of varied models including C0.5, C1.1, C1.5, C1.7, C2.2, and C2.8.
Continental is headquartered in Germany and offers products through the following business segments: Chassis & Safety, Powertrain, Interior, Tires, ContiTech, and Other/consolidation. The company offers Modular Diesel Engine System.
Deere & Company
Deere & Company is headquartered in the US and offers products through the following business segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The company offers diesel engine of varied models including 3029HFC03, 4045TFC03, 4045HFC04, 4045HFC06, 4045HFC09, 6068HFC08, 6068HFC09, and 6090HFC09.
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Diesel Engine End-users Outlook (Revenue, USD Billion, 2018-2022)
Diesel Engine Regional Outlook (Revenue, USD Billion, 2018-2022)
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