by Corinne Gangloff
September 5, 2019
The Freedonia Group’s new Global Diesel Engine study finds that the motor vehicle market will remain the largest market for diesel engines in 2023, accounting for 61% of all diesel engine demand in that year. However, the prospects for the two major motor vehicle segments – light vehicles and medium and heavy vehicles – vary greatly:
The medium and heavy vehicle market will also see increasing demand for higher value diesel engines due to the phase-in of more stringent emission standards throughout the world. This will be especially noticeable in buses, as governments upgrade their public transportation systems in order to reduce their environmental impact.
Contact Corinne Gangloff for an interview with analysts Kyle Peters and Austin Farley.
The Freedonia Group study Global Diesel Engines offers a comprehensive view of the global market for diesel engines, including data analysis of historical demand trends and forecasts for 2023 by product, market, and global region, as well as major national market. Furthermore, the study provides in-depth profiles of industry leaders, including market share by company and relevant merger and acquisition activity.
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