Rapid industrial expansions and commercial infrastructure development are expected to drive Diesel Engines Market expansion shortly at a CAGR of 4.60% during the forecast period 2023 to 2032

Market Research Future (MRFR) has published a cooked research report on the “Diesel Engines Market” that contains information from 2018 to 2032. The Diesel Engines Market is estimated to register a CAGR of 4.60% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global Diesel Engines Market— AGCO Corporation, Ford Motor Company, China First Automobile Works (FAW) Group Corporation, Deere & Company, Continental AG, Delphi Automotive System Private Limited, Robert Bosch GmbH, Mitsubishi Heavy Industries, Ltd., General Motors Company, MAN SE, Cummins, Inc., Caterpillar, Wärtsilä Oyj Abp, Rolls-Royce Motor Cars Limited

Market Highlights

The global Diesel Engines Market is accounted to register a CAGR of 4.60% during the forecast period and is estimated to reach USD 94.58 billion by 2032.

The growth of the diesel engine market is driven by key factors such as the increasing demand for dependable electricity supply and the expansion of commercial and industrial infrastructures.

Segment Analysis

The global Diesel Engines Market has been segmented based on Speed, Power Rating, and End User

Based on Speed, the market is segmented into Low (Up to 720 rpm), Medium (720-1200 rpm), and High (1200-1800 rpm, Above 1800 rpm). High Speed (1200-1800 rpm, Above 1800 rpm) category is expected to be the largest segment during the forecast period. High-speed diesel engines in these speed ranges are known for their efficiency and ability to generate substantial power. They are preferred in applications where a reliable and robust power source is required.

Based on Power Rating, the Diesel Engines Market has been segmented into Below 0.5 MW, 0.5-1.0 MW, 1.1-2.0 MW, 2.1-5.0 MW, and Above 5.0 MW. 0.5-1.0 MW category is expected to be the largest segment during the forecast period. Diesel engines falling within the power range of 0.5 MW to 1 MW play a pivotal role in several industries, significantly driving market growth. Their applications are widespread, and they make a substantial contribution to expanding the market. In the commercial sector, these diesel engines are widely deployed to drive generators, guaranteeing a dependable backup power source across diverse environments. Their capacity to swiftly respond to power disruptions and ensure a steady and uninterrupted energy supply underscores their critical role in supporting critical operations.

Based on End Users, the Diesel Engines Market has been segmented into Power Generation, Marines, Locomotives, Oil and gas, Mining, Construction, and Others. Power Generation is expected to be the largest segment during the forecast period. The world's energy consumption is on the rise, driven by population growth, industrialization, and technological advancements. As a result, power generation capacity needs to keep pace with this increasing demand. Diesel engines play a crucial role in providing standby or continuous power supply to meet these growing energy needs.

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Regional Analysis

The global Diesel Engines Market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of the US and Canada. The Europe Diesel Engines Market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The Diesel Engines Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Diesel Engines Market comprises of Middle East, Africa, and Latin America.

The largest market share for the Diesel Engines Market was maintained by the North American regional sector. Agriculture holds substantial economic importance in North America, and diesel engines serve as the primary power source for a diverse range of agricultural machinery, including tractors, combines, and irrigation systems. According to data from the Association of Equipment Manufacturers (AEM), the combined sales of tractors and combines in North America in 2021 reached a total of 360,000 units. This period also witnessed notable growth, with a sales increase exceeding 10% observed across nearly all segments of agricultural tractors and combines in both the United States and Canada. The drive for agricultural modernization and heightened productivity requirements have been instrumental in the widespread adoption of diesel-powered equipment in the sector.

Moreover, the Europe market has been persistently growing over the forecast period. Europe has a significant maritime industry, and diesel engines are commonly used in ships and vessels for propulsion and power generation. The demand for diesel engines in the maritime sector is driven by shipping, fishing, and offshore industries. Europe continues to witness infrastructure development projects, including road construction, building construction, and urban development. According to the European Commission's report from 2022, governments in the European Union (EU) allocated more than EUR 300 billion annually to the transportation sector. Public investments specifically directed towards transportation amounted to approximately EUR 112 billion per year, constituting roughly 25% of the total public investment. Diesel engines power construction equipment such as excavators, bulldozers, cranes, and concrete mixers, supporting infrastructure growth.

Rapid infrastructure development and surging demand for electricity in the Asia-Pacific region, driven by substantial increases in average energy consumption rates and GDP growth, are poised to drive significant growth in the diesel power engine market. As per the 2022 report by the Economic and Social Commission for Asia and the Pacific (ESCAP), the Asian region is witnessing a substantial increase in electricity demand, primarily driven by the rapid expansion of energy-intensive industries and economic growth, which has led to the establishment of extensive manufacturing operations. The report indicates that power consumption in Asia is projected to experience consistent annual growth, averaging approximately 3.5% over the next decade. However, the substantial rise in power consumption, particularly in developing nations like China and India, is exposing the limitations of existing power infrastructure, leading to concerns about maintaining a consistent power supply. Consequently, there is a heightened demand for reliable power sources, particularly in key sectors such as industrial and commercial, where uninterrupted electricity is crucial for sustained operations and growth. This elevated demand is propelling the sales of diesel generators, addressing the pressing need for stable and continuous power supply in the region.

Furthermore, the rest of the world's Diesel engine market is divided into the Middle East, Africa, and Latin America. Population growth, urbanization, and industrialization are key drivers of increasing living standards, consequently leading to a heightened demand for power resources.

Key Findings of the Study

• The global Diesel Engines Market is expected to reach USD 94.58 billion by 2032, at a CAGR of 4.60% during the forecast period.


• The North American region accounted for the fastest-growing global market because of the modernization of agriculture and the need for increased productivity has driven the adoption of diesel-powered equipment.


• Based on Speed, the High Speed (1200-1800 rpm, Above 1800 rpm) segment was attributed to holding the largest market in 2022, with an approximate market share of 50–55%.


• AGCO Corporation, Ford Motor Company, China First Automobile Works (FAW) Group Corporation, Deere & Company, Continental AG, Delphi Automotive System Private Limited, Robert Bosch GmbH, Mitsubishi Heavy Industries, Ltd., General Motors Company, MAN SE, Cummins, Inc., Caterpillar, Wärtsilä Oyj Abp, Rolls-Royce Motor Cars Limited