This study analyzes the world diesel engine industry. It presents historical demand data for the years 2000, 2005 and 2010, and forecasts for 2015 and 2020 by application (motor vehicles, off-highway equipment and stationary equipment), world region and 29 major countries. The study also considers market environment factors, evaluates company market share and profiles global industry players.
World demand to rise 6.7% annually through 2015
World diesel engine demand is projected to grow 6.7 percent per year through 2015 to $197.5 billion. This represents an acceleration from the 2005-2010 period. Product sales will be driven by a pickup in the production of motor vehicles, particularly medium and heavy trucks and buses. Value gains will also be fueled by the growing use of more sophisticated, higher value products because of more restrictive emission regulations in a number of areas.
China, India to drive growth in key Asia/Pacific region
The Asia/Pacific region was the world’s largest market for diesel engines in 2010 by a wide margin. China and India will be the primary drivers for growth in this region through 2015, as expanding output of motor vehicles and off-highway equipment combine with higher levels of fixed investment to stimulate significant increases in diesel engine demand. Sales of diesel engines in the region are expected to grow 7.7 percent per year through 2015, with China alone accounting for one-third of the rise in global demand between 2010 and 2015. The medium and heavy vehicle diesel engine segment will experience the greatest gains in this regional market in dollar terms, accounting for 53 percent of total sales in 2015.
Report Details
Published: April 2012
No. of Pages: 478
Although market gains will not be as robust as those in developing areas, demand for diesel engines in North America and Western Europe will grow with renewed strength following a period of weakness, bolstered by rebounds in production of motor vehicles and offhighway equipment. Market gains in Japan, however, will only average 2.3 percent per annum through 2015, dampened by slow growth in motor vehicle output, although this will represent an improvement over sales declines recorded between 2005 and 2010.
Motor vehicles to claim most new product sales
Every segment of the world diesel engine market will register solid gains over the 2010-2015 period, with the vast majority of new product sales arising in the motor vehicle segment. World sales of diesel engines used in medium and heavy trucks and buses, the largest single market, are projected to grow at the fastest annual pace through 2015, as demand for goods transportation services and new vehicles expands in an improving economic environment. The market for light vehicle diesel engines will advance at the same pace as the overall average, supported by an acceleration in automobile, light truck, and van production. Demand for both offhighway and stationary diesel engines will expand somewhat slower through 2015 due to a deceleration in off-highway equipment output growth and global electricity requirements.
I. EXECUTIVE SUMMARY 1
II. MARKET ENVIRONMENT 4
General 4
World Economic Outlook 6
Recent Historical Trends 6
World Economic Outlook 8
World Fixed Investment Outlook 12
World Demographic Outlook 14
World Motor Vehicle Production Outlook 16
World Construction Machinery Outlook 21
World Agricultural Equipment Outlook 23
World Mining Equipment Outlook 25
World Electric Power Generation Outlook 27
Competing & Related Technologies 29
Light Vehicles 30
Medium & Heavy Vehicles 34
Diesel Engine Pricing Trends 35
Environmental Regulations 38
United States 40
European Union 42
Other 44
Technological Trends 45
Emission Control 47
Combustion Chamber Modifications 49
Fuel Systems 50
Turbochargers & Aftercoolers 52
After-Treatment Emission Control Technologies 53
Fuel Technology 57
Alternative Fuels Engine Technologies 59
III. WORLD SUPPLY & DEMAND 62
General 62
Regional Overview 63
Demand 63
Production 68
International Trade 71
Demand by Application 73
Motor Vehicles 75
Light Vehicles 75
Medium & Heavy Vehicles 79
Off-Highway Equipment 81
Stationary Equipment 83
Demand by Product 85
Engines 87
