Global Diesel Engines Market: Overview
An uptick in the production of vehicles across the world will accelerate the growth of the global diesel engines market over the next eight years. With public transport and logistics network capacities being ramped up in both developed and developing countries, albeit in varying degrees, the global diesel engines market is projected to post steady year-on-year growth from 2016 through 2024. From the standpoint of value gains, the increasing degree of sophistication in diesel engines to comply with stricter emissions norms will augur well for the global diesel engines market. Diesel engines are employed in passenger vehicles, heavy vehicles, and in vehicles meant for commercial use.
This report dives deep into the diesel engines market to uncover aspects such as the factors that drive and challenge growth. The report also offers insight into new opportunities on the horizon and how they can be capitalized. It analyzes the current market shares of key product types, geographic segments, and manufacturers.
Global Diesel Engines Market: Trends and Opportunities
Key opportunities in the market include the incorporation of emission-control technologies such as the exhaust after-treatment technology. Moreover, a strengthening commercial transport network in countries in Asia, Latin America, and the Middle East and Africa will bode well for the growth of the global diesel engines market. The use of diesel engines in marine transportation is projected to grow at an incremental rate through the forecast period of the report.
While the demand for diesel engines in motor vehicles is expected to grow at a steady rate, demand from other applications areas is projected to pick up. Among the key application areas of diesel engines studied in this report include: passenger cars, military, marine, railroad, and non-transport uses.
Global Diesel Engines Market: Region-wise Outlook
The number of diesel vehicles plying on the roads is among the highest in Asia Pacific countries. This factor has contributed in putting Asia Pacific in the leading position in terms of demand for diesel engines. As compared to petrol engines, diesel engines offer better efficiency and mileage. This is one of the key factors that has kept the sales of diesel engines consistently steady across the world. However, companies in the global diesel engines market are finding themselves faced with growing regulatory pressure.
In Europe, for instance, the Euro VI standard has had a conspicuous impact on the overall diesel engine development and manufacturing industry. In the traditional markets of North America and Europe, sales of diesel engines are expected to move upward after posting sluggish growth over the last few years.
Global Diesel Engines Market: Competitive Overview
At the international level, the global diesel engines market is dominated by a handful of players such as Caterpillar, Mitsubishi, Cummins, and MAN. These companies have a strong presence in Asia Pacific, Europe, and North America. A common strategy of the key players is to concentrate manufacturing operations in Asian countries to reap the benefits of lower labor rates, a more conducive regulatory environment, and low manufacturing costs. The R&D and design operations of these players, for the most part, are however still housed in North America and Western Europe.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.