World diesel engine sales through 2015 will be driven by an increase in the production of
motor vehicles, particularly medium and heavy trucks and buses.
World demand to rise 6.7%
annually through 2015
World demand for diesel engines is
projected to grow 6.7 percent per year
through 2015 to $197.5 billion. Product
sales will be driven by an increase 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 technologically
advanced, higher value products
because of increasingly restrictive
emission controls in a number of regions.
Asia/Pacific region to offer
best growth opportunities
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 the
region, 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 increase 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 for the Asia/Pacific region in 2015.
Demand for diesel engines in the Africa/
Mideast region is expected to expand
7.7 percent per year through 2015,
spurred by rising output of medium and
heavy vehicles and off-highway equipment,
in addition to rising fixed investment.
Stationary diesel engines will
continue to account for a relatively high
proportion of the overall market due to
the unreliability of electricity in the
region, prompting the use of these
products as backup generators. The
diesel engine markets in Eastern Europe
and in Central and South America will
also grow at healthy rates from 2010 to
2015. However, each of these regions
will still account for less than ten percent
of global sales in 2015.
Demand for diesel engines in North
America and Western Europe will grow
with renewed strength following a period
of weakness. Continued high levels of
off-highway equipment production will
maintain proportionally large demand for
diesel engines in North America. In
Western Europe, lower diesel fuel prices
and differing cultural factors will maintain
the popularity of diesel engines used in
light vehicles. Market gains in Japan will
advance only 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
This study analyzes the $143 billion world diesel engine industry. It presents historical demand data for the years 2000, 2005 and 2010, and forecasts for 2015 and 2020 by application (light motor vehicles, medium and heavy motor vehicles, off-highway equipment, stationary equipment), product (engines, parts), world region and for 36 countries.
The study also considers market environment factors, details industry structure, evaluates company market share and profiles 36 industry players, including Volkswagen, Caterpillar and Cummins.