
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

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

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.
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