Diesel Power Engine
PUBLISHED: 2025 ID: SMRC28465
SHARE
SHARE

Diesel Power Engine

Diesel Power Engine Market Forecasts to 2030 - Global Analysis By Fuel Type (Conventional Diesel, Biodiesel, Natural Gas and Other Fuel Types), Engine Type, Component, Application and By Geography

4.2 (31 reviews)
4.2 (31 reviews)
Published: 2025 ID: SMRC28465

This report covers the impact of COVID-19 on this global market
Loading...

According to Stratistics MRC, the Global Diesel Power Engine Market is accounted for $8.01 billion in 2024 and is expected to reach $14.58 billion by 2030 growing at a CAGR of 8.6% during the forecast period. A Diesel Power Engine is an internal combustion engine that runs on diesel fuel. It uses compression to ignite the air-fuel mixture, making it more efficient than gasoline engines. The engine operates by compressing air in a cylinder, causing the air to heat up, and then injecting diesel fuel into the compressed air, which ignites due to the high temperature. This process results in power generation for various applications.

According to China’s National Bureau of Statistics, diesel fuel consumption in the country reached 167 million tons in 2023, a 5% increase from 2022.

Market Dynamics: 

Driver: 

Rising demand for heavy-duty vehicles

Diesel engines provide higher torque and fuel efficiency, essential for heavy-load handling and long-distance travel, which is vital for industries like logistics, construction, and mining. Additionally, diesel engines are known for their durability, low operating costs, and ability to operate under demanding conditions, making them ideal for heavy-duty applications. As global trade and infrastructure development grow, the demand for diesel-powered heavy-duty vehicles is expected to continue expanding.

Restraint:

Increasing shift toward electric vehicles

As consumers and businesses embrace environmentally friendly alternatives, governments are implementing stricter emission standards and offering incentives for EV adoption. This shift not only limits the need for diesel engines in the automotive sector but also accelerates the transition toward cleaner energy solutions in commercial and industrial applications. As EV infrastructure grows and battery technology improves, the diesel engine market faces increased competition and regulatory challenges, hindering its expansion.

Opportunity:

Increase in infrastructure development

Diesel engines are widely used in equipment such as cranes, excavators, bulldozers, and trucks, which are essential for large-scale infrastructure projects. Additionally, diesel engines provide the reliability and power needed to operate in tough conditions. As governments and private companies invest heavily in building roads, bridges, urban developments, and energy infrastructure, the demand for robust and efficient diesel-powered machines continues to rise, driving the market's expansion.

Threat:

Higher upfront cost

Diesel Power Engines have a higher upfront cost due to their complex components, such as high-compression cylinders, turbochargers, and advanced fuel injection systems, which are required for better efficiency and durability. Additionally, they often require more robust materials to handle higher stress levels. As a result, the higher upfront investment hampers market growth by making diesel engines less attractive compared to lower-cost alternatives like gasoline engines or emerging electric vehicles.

Covid-19 Impact

The covid-19 pandemic had a mixed impact on the diesel power engine market. During the initial lockdowns, demand for diesel engines in sectors like transportation and construction declined due to halted operations and supply chain disruptions. However, as economies began recovering, the demand for diesel-powered commercial vehicles and machinery surged driven by infrastructure projects. Long-term, there is a growing shift towards cleaner alternatives and tighter emission regulations, which may dampen the market's growth potential.

The multi-cylinder segment is expected to be the largest during the forecast period

The multi-cylinder segment is predicted to secure the largest market share throughout the forecast period. Multi-cylinder diesel engines feature multiple cylinders, typically ranging from 4 to 12, to enhance power output, fuel efficiency, and engine performance. By distributing the engine's workload across several cylinders, these engines can generate higher torque, which is ideal for heavy-duty applications. These engines are known for their reliability, fuel efficiency, and ability to handle larger loads, making them crucial for demanding industrial and transportation sectors.

The automotive segment is expected to have the highest CAGR during the forecast period

The automotive segment is anticipated to witness the highest CAGR during the forecast period. Diesel power engines are widely used in automotive applications, particularly for heavy-duty vehicles like trucks, buses, and SUVs, due to their superior fuel efficiency and high torque output. These engines offer better fuel economy compared to gasoline engines, making them ideal for long-distance travel and commercial transportation. Diesel engines provide enhanced towing capabilities and are well-suited for demanding road conditions.

Region with largest share:

Asia Pacific is expected to register the largest market share during the forecast period due to rapid industrialization, increasing demand for transportation, and infrastructure development. Countries like China, India, and Japan are major contributors, with diesel engines powering heavy-duty vehicles, construction equipment, and industrial machinery. The region benefits from a large number of commercial and agricultural sectors relying on diesel-powered engines. The market is expected to witness steady growth, fueled by ongoing infrastructure projects and industrial needs.

Region with highest CAGR:

North America is expected to witness the highest CAGR over the forecast period driven by the strong demand for diesel-powered commercial vehicles, industrial machinery, and power generation equipment. The U.S. and Canada are key markets, where diesel engines are preferred for their high torque and fuel efficiency, particularly in the transportation and construction sectors. Additionally, the region's focus on energy security and infrastructure development supports market growth.

Key players in the market

Some of the key players profiled in the Diesel Power Engine Market include Caterpillar Inc., Cummins Inc., Rolls-Royce Holdings plc, Mitsubishi Heavy Industries Limited, Wärtsilä Corporation, Volvo Group, Kohler Corporation, Perkins Engines Company Limited, Hitachi Corporation, Komatsu Corporation, Greaves Cotton Limited, John Deere & Company, MAN Energy Solutions, MTU Friedrichshafen GmbH, Yanmar Corporation, Deutz AG, Doosan Infracore Corporation, Scania AB, Hatz Diesel and Weichai Power Corporation.

Key Developments:

In January 2025, Cummins has launched the next-generation 6.7L Turbo Diesel engine system for the 2025 Ram Heavy Duty Trucks, further solidifying its longstanding partnership with Ram Trucks. This new engine system is designed to offer significant performance, fuel efficiency, and emissions improvements, building on the success of their 35-year collaboration.

In April 2024, Weichai Power made a significant breakthrough in diesel engine technology by unveiling the world's first diesel engine with a base engine brake thermal efficiency of 53.09%. This efficiency is significantly higher than the typical efficiency of traditional diesel engines, which is generally around 40-45%.

Fuel Types Covered:
• Conventional Diesel
• Biodiesel
• Natural Gas
• Other Fuel Types

Engine Types Covered:
• Single Cylinder
• Multi-Cylinder

Components Covered:
• Engine Block
• Cylinder Head
• Crankshaft
• Fuel Injection System
• Turbocharger
• Exhaust Systems
• Cooling System
• Other Components

Applications Covered:
• Automotive
• Marine
• Construction Equipment
• Agriculture
• Power Generation
• Railways
• Industrial & Commercial Use
• Mining
• Other Applications

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary  
    
2 Preface   

 2.1 Abstract  
 2.2 Stake Holders 
 2.3 Research Scope 
 2.4 Research Methodology
  2.4.1 Data Mining
  2.4.2 Data Analysis
  2.4.3 Data Validation
  2.4.4 Research Approach
 2.5 Research Sources 
  2.5.1 Primary Research Sources
  2.5.2 Secondary Research Sources
  2.5.3 Assumptions
    
3 Market Trend Analysis 
 3.1 Introduction 
 3.2 Drivers  
 3.3 Restraints 
 3.4 Opportunities 
 3.5 Threats  
 3.6 Application Analysis
 3.7 Emerging Markets 
 3.8 Impact of Covid-19 
    
4 Porters Five Force Analysis 
 4.1 Bargaining power of suppliers
 4.2 Bargaining power of buyers
 4.3 Threat of substitutes
 4.4 Threat of new entrants
 4.5 Competitive rivalry 
    
5 Global Diesel Power Engine Market, By Fuel Type
 5.1 Introduction 
 5.2 Conventional Diesel
 5.3 Biodiesel  
 5.4 Natural Gas 
 5.5 Other Fuel Types 
    
6 Global Diesel Power Engine Market, By Engine Type
 6.1 Introduction 
 6.2 Single Cylinder 
 6.3 Multi-Cylinder 
    
7 Global Diesel Power Engine Market, By Component
 7.1 Introduction 
 7.2 Engine Block 
 7.3 Cylinder Head 
 7.4 Crankshaft 
 7.5 Fuel Injection System
 7.6 Turbocharger 
 7.7 Exhaust Systems 
 7.8 Cooling System 
 7.9 Other Components 
    
8 Global Diesel Power Engine Market, By Application
 8.1 Introduction 
 8.2 Automotive 
 8.3 Marine  
 8.4 Construction Equipment
 8.5 Agriculture 
 8.6 Power Generation 
 8.7 Railways  
 8.8 Industrial & Commercial Use
 8.9 Mining  
 8.10 Other Applications 
    
9 Global Diesel Power Engine Market, By Geography
 9.1 Introduction 
 9.2 North America 
  9.2.1 US 
  9.2.2 Canada 
  9.2.3 Mexico 
 9.3 Europe  
  9.3.1 Germany 
  9.3.2 UK 
  9.3.3 Italy 
  9.3.4 France 
  9.3.5 Spain 
  9.3.6 Rest of Europe
 9.4 Asia Pacific 
  9.4.1 Japan 
  9.4.2 China 
  9.4.3 India 
  9.4.4 Australia 
  9.4.5 New Zealand
  9.4.6 South Korea
  9.4.7 Rest of Asia Pacific
 9.5 South America 
  9.5.1 Argentina
  9.5.2 Brazil 
  9.5.3 Chile 
  9.5.4 Rest of South America
 9.6 Middle East & Africa
  9.6.1 Saudi Arabia
  9.6.2 UAE 
  9.6.3 Qatar 
  9.6.4 South Africa
  9.6.5 Rest of Middle East & Africa
    
10 Key Developments  
 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
 10.2 Acquisitions & Mergers
 10.3 New Product Launch
 10.4 Expansions 
 10.5 Other Key Strategies
    
11 Company Profiling  
 11.1 Caterpillar Inc. 
 11.2 Cummins Inc. 
 11.3 Rolls-Royce Holdings plc
 11.4 Mitsubishi Heavy Industries Limited
 11.5 Wärtsilä Corporation
 11.6 Volvo Group 
 11.7 Kohler Corporation 
 11.8 Perkins Engines Company Limited
 11.9 Hitachi Corporation 
 11.10 Komatsu Corporation
 11.11 Greaves Cotton Limited
 11.12 John Deere & Company
 11.13 MAN Energy Solutions
 11.14 MTU Friedrichshafen GmbH
 11.15 Yanmar Corporation 
 11.16 Deutz AG  
 11.17 Doosan Infracore Corporation
 11.18 Scania AB  
 11.19 Hatz Diesel 
 11.20 Weichai Power Corporation
    
List of Tables   
1 Global Diesel Power Engine Market Outlook, By Region (2022-2030) ($MN)
2 Global Diesel Power Engine Market Outlook, By Fuel Type (2022-2030) ($MN)
3 Global Diesel Power Engine Market Outlook, By Conventional Diesel (2022-2030) ($MN)
4 Global Diesel Power Engine Market Outlook, By Biodiesel (2022-2030) ($MN)
5 Global Diesel Power Engine Market Outlook, By Natural Gas (2022-2030) ($MN)
6 Global Diesel Power Engine Market Outlook, By Other Fuel Types (2022-2030) ($MN)
7 Global Diesel Power Engine Market Outlook, By Engine Type (2022-2030) ($MN)
8 Global Diesel Power Engine Market Outlook, By Single Cylinder (2022-2030) ($MN)
9 Global Diesel Power Engine Market Outlook, By Multi-Cylinder (2022-2030) ($MN)
10 Global Diesel Power Engine Market Outlook, By Component (2022-2030) ($MN)
11 Global Diesel Power Engine Market Outlook, By Engine Block (2022-2030) ($MN)
12 Global Diesel Power Engine Market Outlook, By Cylinder Head (2022-2030) ($MN)
13 Global Diesel Power Engine Market Outlook, By Crankshaft (2022-2030) ($MN)
14 Global Diesel Power Engine Market Outlook, By Fuel Injection System (2022-2030) ($MN)
15 Global Diesel Power Engine Market Outlook, By Turbocharger (2022-2030) ($MN)
16 Global Diesel Power Engine Market Outlook, By Exhaust Systems (2022-2030) ($MN)
17 Global Diesel Power Engine Market Outlook, By Cooling System (2022-2030) ($MN)
18 Global Diesel Power Engine Market Outlook, By Other Components (2022-2030) ($MN)
19 Global Diesel Power Engine Market Outlook, By Application (2022-2030) ($MN)
20 Global Diesel Power Engine Market Outlook, By Automotive (2022-2030) ($MN)
21 Global Diesel Power Engine Market Outlook, By Marine (2022-2030) ($MN)
22 Global Diesel Power Engine Market Outlook, By Construction Equipment (2022-2030) ($MN)
23 Global Diesel Power Engine Market Outlook, By Agriculture (2022-2030) ($MN)
24 Global Diesel Power Engine Market Outlook, By Power Generation (2022-2030) ($MN)
25 Global Diesel Power Engine Market Outlook, By Railways (2022-2030) ($MN)
26 Global Diesel Power Engine Market Outlook, By Industrial & Commercial Use (2022-2030) ($MN)
27 Global Diesel Power Engine Market Outlook, By Mining (2022-2030) ($MN)
28 Global Diesel Power Engine Market Outlook, By Other Applications (2022-2030) ($MN)
    
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

Frequently Asked Questions

In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.

Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.

All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

We have 3 different licensing options available in electronic format.

  • Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
  • 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
  • Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.

All our reports are typically be emailed to you as an attachment.

To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.

We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.

Request Customization

We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.

WHY CHOOSE US ?

Assured Quality

Assured Quality

Best in class reports with high standard of research integrity

24X7 Research Support

24X7 Research Support

Continuous support to ensure the best customer experience.

Free Customization

Free Customization

Adding more values to your product of interest.

Safe and Secure Access

Safe & Secure Access

Providing a secured environment for all online transactions.

Trusted by 600+ Brands

Trusted by 600+ Brands

Serving the most reputed brands across the world.

Testimonials