Freedonia In The News
Article Title: Global diesel engine sales forecast to rise 7.7 percent a year
Publication: Biodiesel Magazine, 4/29/2014
Freedonia Study: World Diesel Engines (3134)
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Global diesel engine sales are forecast to rise 7.7 percent per year through 2017 to $248.5 billion, representing a marked acceleration from the 2007-‘12 pace. Higher production of medium and heavy trucks and buses and of off-highway machinery will combine with a rebound in light vehicle output in western Europe and the growing popularity of diesel cars in a number of nations, most notably the U.S. and India, to generate increased engine demand. These and other trends are presented in “World Diesel Engines,” a new study from The Freedonia Group Inc., a Cleveland, Ohio-based market research firm.
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