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(I-BusinessNews.Com, July 17, 2019 ) According to the latest report by IMARC Group titled, “Diesel Engine Market Research Report and Forecast 2019-2024”, the market reached a value of US$ 215 Billion in 2018. Looking forward, the market is expected to reach a value of US$ 291 Billion by 2024, exhibiting a CAGR of around 5% during 2019-2024.

A diesel engine is a type of internal combustion engine in which the air is compressed to a sufficiently high temperature to ignite the diesel injected into the cylinder. It converts the chemical energy into mechanical energy and is used in freight trucks, locomotives, tractors and marine vessels. As compared to petrol/gasoline engines, diesel engines are more fuel-efficient and have lower maintenance requirements, which makes them a preferred choice of automobile manufacturers.

Get a PDF Sample for more detailed market insights: https://www.imarcgroup.com/diesel-engine-market/requestsample

Over the years, the automotive industry has witnessed strong growth, particularly in the developing countries such as China, India, Vietnam, etc., which is creating a positive impact on the demand for diesel engines. Moreover, due to better thermal efficiency as compared to petrol engines, these engines are increasingly being used in commercial and heavy-duty vehicles. Apart from this, the high demand from the construction and mining industries is further expected to propel the market growth. Some of the other growth inducing factors include rising industrialization, increasing demand for reliable power supply and growing manufacturing industry globally.

Market Segmentation:

Breakup by Power Rating

• 0.5 MW–1 MW
• Up to 0.5 MW
• 2 MW–5 MW
• 1 MW–2 MW
• Above 5 MW

Browse full report with detailed TOC and list of figures and tables: https://www.imarcgroup.com/diesel-engine-market

Breakup by End-User

Automotive

On-Road

Light Vehicles
Medium/Heavy Trucks
Light Trucks

Off-Road

Industrial/Construction Equipment
Agriculture Equipment
Marine Applications
Regional Insights

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America

Competitive Landscape

The report has also examined the competitive landscape of global diesel engine market. Some of the major players in the market are ACGO Corporation, China FAW Group, Bosch, Deere & Company, Continental AG, Delphi Automotive, Mitsubishi Heavy Industries, Ford Motor, General Motors, MAN SE, Wärtsilä, Cummins, Caterpillar, Rolls-Royce, etc.

Key highlights of the report:

• Market Performance
• Market Outlook
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Competitive Structure
• Profiles of Key Players

Browse similar reports by IMARC Group:

Passenger Car Motor Oil Market Research Report and Forecast: https://www.imarcgroup.com/passenger-car-motor-oil-market

Chain Drives Market Research Report and Forecast: https://www.imarcgroup.com/chain-drives-market

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

IMARC Services Pvt. Ltd.
Richard Lewis
6317911145
sales@imarcgroup.com

Source: EmailWire.Com

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