Military Diesel Engine Market
Military Diesel Engine Market Forecasts to 2030 - Global Analysis By Type (Four Cylinders, Six Cylinders and Other Types), Power Rating (Low Power (Up to 500 HP), Medium Power (500-1000 HP) and High Power (Above 1000 HP)), Application and By Geography
According to Stratistics MRC, the Global Military Diesel Engine Market is accounted for $12.98 billion in 2023 and is expected to reach $16.73 billion by 2030 growing at a CAGR of 3.7% during the forecast period. Military diesel engines are specialized internal combustion engines designed for use in military vehicles and equipment. They provide reliable performance in various conditions, including extreme temperatures and challenging terrains. These engines prioritize durability, fuel efficiency, and adaptability to different operational requirements. Commonly used in tanks, armored vehicles, and generators, military diesel engines offer a balance between power output and fuel consumption, crucial for prolonged missions and field operations.
According to the report released by the SIPRI, The United States had the largest military expenditure in the world, accounting for 39% of the world’s total military expenditure.
Market Dynamics:
Driver:
Increased defense budgets
Increased funding allows nations to modernize their military capabilities, emphasizing the development and procurement of advanced equipment, including military vehicles with diesel engines. The rising demand for technologically advanced and fuel-efficient military diesel engines aligns with these budget expansions, driving innovation and competition among defense contractors. This dynamic landscape fosters the growth of the market as nations strive to enhance their defense capabilities in response to evolving security challenges.
Restraint:
Cybersecurity risks
As modern military vehicles and equipment increasingly rely on interconnected digital systems, they become vulnerable to cyber threats such as hacking, data breaches, and sabotage. Unauthorized access to critical engine control systems could compromise the operational integrity of military assets, leading to potential mission failures or even jeopardizing national security. Therefore, this cybersecurity risks aspect poses a significant restraint to market.
Opportunity:
Rising demand for unmanned vehicles
The rising prominence of unmanned systems, such as drones and autonomous vehicles, poses both opportunities and threats. As military forces worldwide integrate these technologies for surveillance, reconnaissance, and combat, there is a growing need for robust and efficient diesel engines to power these unmanned vehicles. This trend underscores the critical role of advanced diesel engine technology in meeting the evolving demands of modern military operations.
Threat:
Periodic shifts in military tactics & strategies
Rapid advancements in technology, changes in geopolitical landscapes, and evolving threat scenarios drive the need for adaptable and innovative engine solutions. Manufacturers must stay ahead by developing engines that align with the dynamic nature of modern warfare, ensuring reliability, efficiency, and flexibility to meet diverse operational requirements. The market's resilience hinges on its ability to anticipate and address the ever-changing demands of military applications, reflecting the critical intersection of defense strategy and technological evolution.
Covid-19 Impact
The covid-19 pandemic had wide-ranging impacts on various industries globally, including the defense and military sectors. The pandemic has affected defense budgets in some countries, leading to delays or adjustments in procurement programs. Additionally, disruptions in the supply chain and manufacturing processes due to lockdowns and restrictions have impacted production timelines. However, the market demonstrated resilience due to the strategic importance of military capabilities, with recovery expected as economies stabilize and defense priorities regain focus post-pandemic.
The six cylinders segment is expected to be the largest during the forecast period
The six cylinders segment is estimated to have a lucrative growth. A six-cylinder military diesel engine is a robust power plant designed for military vehicles, providing a balance of power and efficiency. With six cylinders arranged in a configuration that optimizes performance, these engines offer reliable and durable operation in challenging battlefield conditions. Known for their torque and fuel efficiency, they contribute to the overall mobility and effectiveness of military vehicles, ensuring they can navigate diverse terrains with resilience.
The armoured combat vehicle engines segment is expected to have the highest CAGR during the forecast period
The armoured combat vehicle engines segment is anticipated to witness the highest CAGR growth during the forecast period. Military diesel engines play a crucial role in powering armored combat vehicles, providing the necessary torque, durability, and fuel efficiency for diverse operational environments. These engines are designed to withstand the rigors of combat, featuring advanced technology for improved performance and reliability. The efficiency and robustness of military diesel engines contribute significantly to the overall effectiveness and mobility of armored combat vehicles on the battlefield, ensuring reliable operation in challenging conditions.
Region with largest share:
The Military Diesel Engine market in the Asia Pacific region has experienced significant growth, driven by increased defense spending and modernization efforts. Nations such as China, India, and Japan have played pivotal roles, investing in advanced military technologies. Key players in the region namely Isuzu Motors, Mitsubishi and Kubota Corporation have focused on research and development to meet evolving defense requirements, fostering a competitive landscape in the market across the Asia Pacific.
Region with highest CAGR:
The Military Diesel Engine Market in North America is a robust sector characterized by a demand for reliable and efficient engines to power various military vehicles and equipment. With a focus on technological advancements and stringent performance requirements, key players in the region, including Cummins Inc., General Dynamics Land Systems, and Caterpillar Inc., contribute to the market's growth. Factors such as increasing defense budgets and the need for modernization contribute to the market's stability and growth, making it a crucial component of the region's defense industry.
Key players in the market
Some of the key players profiled in the Military Diesel Engine Market include Caterpillar Inc., Aggreko, Cummins Inc., Himoinsa, John Deere, Kohler-SDMO, PRAMAC, Toyota Kirloskar Motor Private Limited, Generac Power Systems, FG Wilson, Atlas Copco, American Honda Motor Company, Inc., Briggs & Straton, Ingersoll Rand, Yamaha Motor Co. Limited.
Key Developments:
In July 2023, Toyota Kirloskar Motor (TKM) has delivered a fleet of Toyota Hilux pickups to the Indian Army. The Hilux was put through over two months of extensive and rigorous evaluation by the Northern Command of the Indian Army. The Toyota Hilus is powered by a 2.8-litre, four-cylinder, turbo-diesel engine and available in option of six-speed automatic and manual transmission.
In February 2023, Cummins announced that its ISL9 diesel engine is now available up to 540 hp (397 kW) for military ground vehicles. The ISL9 has found application in a variety of equipment including commercial on- and off-highway equipment and military vehicles such as armored personnel carriers, infantry fighting vehicles and logistical trucks.
Types Covered:
• Four Cylinders
• Six Cylinders
• Other Types
Power Ratings Covered:
• Low Power (Up to 500 HP)
• Medium Power (500-1000 HP)
• High Power (Above 1000 HP)
Applications Covered:
• Armoured Combat Vehicle Engines
• Marine Engines
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 2021, 2022, 2023, 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 Military Diesel Engine Market, By Type
5.1 Introduction
5.2 Four Cylinders
5.3 Six Cylinders
5.4 Other Types
6 Global Military Diesel Engine Market, By Power Rating
6.1 Introduction
6.2 Low Power (Up to 500 HP)
6.3 Medium Power (500-1000 HP)
6.4 High Power (Above 1000 HP)
7 Global Military Diesel Engine Market, By Application
7.1 Introduction
7.2 Armoured Combat Vehicle Engines
7.3 Marine Engines
8 Global Military Diesel Engine Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 Caterpillar Inc.
10.2 Aggreko
10.3 Cummins Inc.
10.4 Himoinsa
10.5 John Deere
10.6 Kohler-SDMO
10.7 PRAMAC
10.8 Toyota Kirloskar Motor Private Limited
10.9 Generac Power Systems
10.10 FG Wilson
10.11 Atlas Copco
10.12 American Honda Motor Company, Inc.
10.13 Briggs & Straton
10.14 Ingersoll Rand
10.15 Yamaha Motor Co. Limited
List of Tables
1 Global Military Diesel Engine Market Outlook, By Region (2021-2030) ($MN)
2 Global Military Diesel Engine Market Outlook, By Type (2021-2030) ($MN)
3 Global Military Diesel Engine Market Outlook, By Four Cylinders (2021-2030) ($MN)
4 Global Military Diesel Engine Market Outlook, By Six Cylinders (2021-2030) ($MN)
5 Global Military Diesel Engine Market Outlook, By Other Types (2021-2030) ($MN)
6 Global Military Diesel Engine Market Outlook, By Power Rating (2021-2030) ($MN)
7 Global Military Diesel Engine Market Outlook, By Low Power (Up to 500 HP) (2021-2030) ($MN)
8 Global Military Diesel Engine Market Outlook, By Medium Power (500-1000 HP) (2021-2030) ($MN)
9 Global Military Diesel Engine Market Outlook, By High Power (Above 1000 HP) (2021-2030) ($MN)
10 Global Military Diesel Engine Market Outlook, By Application (2021-2030) ($MN)
11 Global Military Diesel Engine Market Outlook, By Armoured Combat Vehicle Engines (2021-2030) ($MN)
12 Global Military Diesel Engine Market Outlook, By Marine Engines (2021-2030) ($MN)
13 North America Military Diesel Engine Market Outlook, By Country (2021-2030) ($MN)
14 North America Military Diesel Engine Market Outlook, By Type (2021-2030) ($MN)
15 North America Military Diesel Engine Market Outlook, By Four Cylinders (2021-2030) ($MN)
16 North America Military Diesel Engine Market Outlook, By Six Cylinders (2021-2030) ($MN)
17 North America Military Diesel Engine Market Outlook, By Other Types (2021-2030) ($MN)
18 North America Military Diesel Engine Market Outlook, By Power Rating (2021-2030) ($MN)
19 North America Military Diesel Engine Market Outlook, By Low Power (Up to 500 HP) (2021-2030) ($MN)
20 North America Military Diesel Engine Market Outlook, By Medium Power (500-1000 HP) (2021-2030) ($MN)
21 North America Military Diesel Engine Market Outlook, By High Power (Above 1000 HP) (2021-2030) ($MN)
22 North America Military Diesel Engine Market Outlook, By Application (2021-2030) ($MN)
23 North America Military Diesel Engine Market Outlook, By Armoured Combat Vehicle Engines (2021-2030) ($MN)
24 North America Military Diesel Engine Market Outlook, By Marine Engines (2021-2030) ($MN)
25 Europe Military Diesel Engine Market Outlook, By Country (2021-2030) ($MN)
26 Europe Military Diesel Engine Market Outlook, By Type (2021-2030) ($MN)
27 Europe Military Diesel Engine Market Outlook, By Four Cylinders (2021-2030) ($MN)
28 Europe Military Diesel Engine Market Outlook, By Six Cylinders (2021-2030) ($MN)
29 Europe Military Diesel Engine Market Outlook, By Other Types (2021-2030) ($MN)
30 Europe Military Diesel Engine Market Outlook, By Power Rating (2021-2030) ($MN)
31 Europe Military Diesel Engine Market Outlook, By Low Power (Up to 500 HP) (2021-2030) ($MN)
32 Europe Military Diesel Engine Market Outlook, By Medium Power (500-1000 HP) (2021-2030) ($MN)
33 Europe Military Diesel Engine Market Outlook, By High Power (Above 1000 HP) (2021-2030) ($MN)
34 Europe Military Diesel Engine Market Outlook, By Application (2021-2030) ($MN)
35 Europe Military Diesel Engine Market Outlook, By Armoured Combat Vehicle Engines (2021-2030) ($MN)
36 Europe Military Diesel Engine Market Outlook, By Marine Engines (2021-2030) ($MN)
37 Asia Pacific Military Diesel Engine Market Outlook, By Country (2021-2030) ($MN)
38 Asia Pacific Military Diesel Engine Market Outlook, By Type (2021-2030) ($MN)
39 Asia Pacific Military Diesel Engine Market Outlook, By Four Cylinders (2021-2030) ($MN)
40 Asia Pacific Military Diesel Engine Market Outlook, By Six Cylinders (2021-2030) ($MN)
41 Asia Pacific Military Diesel Engine Market Outlook, By Other Types (2021-2030) ($MN)
42 Asia Pacific Military Diesel Engine Market Outlook, By Power Rating (2021-2030) ($MN)
43 Asia Pacific Military Diesel Engine Market Outlook, By Low Power (Up to 500 HP) (2021-2030) ($MN)
44 Asia Pacific Military Diesel Engine Market Outlook, By Medium Power (500-1000 HP) (2021-2030) ($MN)
45 Asia Pacific Military Diesel Engine Market Outlook, By High Power (Above 1000 HP) (2021-2030) ($MN)
46 Asia Pacific Military Diesel Engine Market Outlook, By Application (2021-2030) ($MN)
47 Asia Pacific Military Diesel Engine Market Outlook, By Armoured Combat Vehicle Engines (2021-2030) ($MN)
48 Asia Pacific Military Diesel Engine Market Outlook, By Marine Engines (2021-2030) ($MN)
49 South America Military Diesel Engine Market Outlook, By Country (2021-2030) ($MN)
50 South America Military Diesel Engine Market Outlook, By Type (2021-2030) ($MN)
51 South America Military Diesel Engine Market Outlook, By Four Cylinders (2021-2030) ($MN)
52 South America Military Diesel Engine Market Outlook, By Six Cylinders (2021-2030) ($MN)
53 South America Military Diesel Engine Market Outlook, By Other Types (2021-2030) ($MN)
54 South America Military Diesel Engine Market Outlook, By Power Rating (2021-2030) ($MN)
55 South America Military Diesel Engine Market Outlook, By Low Power (Up to 500 HP) (2021-2030) ($MN)
56 South America Military Diesel Engine Market Outlook, By Medium Power (500-1000 HP) (2021-2030) ($MN)
57 South America Military Diesel Engine Market Outlook, By High Power (Above 1000 HP) (2021-2030) ($MN)
58 South America Military Diesel Engine Market Outlook, By Application (2021-2030) ($MN)
59 South America Military Diesel Engine Market Outlook, By Armoured Combat Vehicle Engines (2021-2030) ($MN)
60 South America Military Diesel Engine Market Outlook, By Marine Engines (2021-2030) ($MN)
61 Middle East & Africa Military Diesel Engine Market Outlook, By Country (2021-2030) ($MN)
62 Middle East & Africa Military Diesel Engine Market Outlook, By Type (2021-2030) ($MN)
63 Middle East & Africa Military Diesel Engine Market Outlook, By Four Cylinders (2021-2030) ($MN)
64 Middle East & Africa Military Diesel Engine Market Outlook, By Six Cylinders (2021-2030) ($MN)
65 Middle East & Africa Military Diesel Engine Market Outlook, By Other Types (2021-2030) ($MN)
66 Middle East & Africa Military Diesel Engine Market Outlook, By Power Rating (2021-2030) ($MN)
67 Middle East & Africa Military Diesel Engine Market Outlook, By Low Power (Up to 500 HP) (2021-2030) ($MN)
68 Middle East & Africa Military Diesel Engine Market Outlook, By Medium Power (500-1000 HP) (2021-2030) ($MN)
69 Middle East & Africa Military Diesel Engine Market Outlook, By High Power (Above 1000 HP) (2021-2030) ($MN)
70 Middle East & Africa Military Diesel Engine Market Outlook, By Application (2021-2030) ($MN)
71 Middle East & Africa Military Diesel Engine Market Outlook, By Armoured Combat Vehicle Engines (2021-2030) ($MN)
72 Middle East & Africa Military Diesel Engine Market Outlook, By Marine Engines (2021-2030) ($MN)
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.
For more details about research methodology, kindly write to us at info@strategymrc.com
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