Global Diesel Engines Market to Grow 6.7% Annually to 2015
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According to the report “World Diesel Engines: Industry forecasts for 2015 & 2020” the global demand for diesel engines is projected to grow 6.7 % yearly to 2015 to $197.5 billion. This represents an acceleration from the 2005-2010 period. Product sales will be driven by a pickup in the production of motor vehicles, particularly medium and heavy trucks and buses. Value gains will also be fuelled by the growing use of more sophisticated, higher value products because of more restrictive emission regulations in a number of areas.
The Asia/Pacific region was the world's largest market for diesel engines in 2010 by a wide margin. China and India will be the primary drivers for growth in this region through 2015, as expanding output of motor vehicles and off-highway equipment combine with higher levels of fixed investment to stimulate significant increases in diesel engine demand. Sales of diesel engines in the region are expected to grow 7.7 % per year through 2015, with China alone accounting for one-third of the rise in global demand between 2010 and 2015. The medium and heavy vehicle diesel engine segment will experience the greatest gains in this regional market in dollar terms, accounting for 53 percent of total sales in 2015.
View the report ‘World Diesel Engines: Industry forecasts for 2015 & 2020’
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