Sales of light vehicle diesel engines will advance at a faster pace due to an expected increase in the diesel penetration rate in India and the US, as well as higher overall light vehicle output in Western Europe and Thailand
Dallas, TX (PRWEB) May 19, 2014
Worldwide diesel engine market demand will continue to be dominated by motor vehicles, particularly medium and heavy trucks and buses. These units benefit significantly from the high power output and greater fuel economy of compression- ignition engines relative to the only other viable alternative, spark-ignition engines. However, this segment will record slower market growth than light vehicles through 2017 in percentage terms, due primarily to an already high diesel penetration rate, which leaves little room for expansion. Sales of light vehicle diesel engines will advance at a faster pace due to an expected increase in the diesel penetration rate in India and the US, as well as higher overall light vehicle output in Western Europe and Thailand, areas where diesel automobiles and light trucks are already popular. Market gains will be even stronger in percentage terms for off-highway applications. As global economic growth accelerates, off-highway machinery operators will feel more confident in their revenue streams and replace the older equipment in their fleets, fueling sales and production of agricultural, construction, and mining machinery. Complete report titled World Diesel Engines to 2017 is available at http://www.rnrmarketresearch.com/world-diesel-engines-to-2017-market-report.html .
Demand for diesel engines will rebound through 2017 in Western Europe, the second largest regional market, supported by a recovery in the area’s economy following the debt-related recessions experienced in many nations in 2012. Diesel light vehicles produced in this region, particularly in Germany, are considered to be the gold standard for passenger cars powered by compressionignition engines worldwide, and rising income levels and demand for high quality imported vehicles in several large developing countries will boost production of these units. North America will also see a pickup in diesel engine sales through 2017. Growing popularity of these cars in the US and an upturn in vehicle sales in Western Europe will spur advances in vehicle manufacturing in this area. Value gains in this region will be concentrated in the large medium and heavy vehicle and off-highway segments, supported by improved economic conditions and increased investment in global construction and mining projects.
In 2012, the Asia/Pacific region was the largest user of diesel engines by a wide margin, due primarily to the presence of the massive Chinese, Indian, and Japanese markets, which represent three of the five largest national buyers of diesel engines on a global scale. China and India will also be among the fastest rising national markets through 2017, spurred by rapidly climbing production of dieselpowered motor vehicles and off-highway machinery. However, regional sales gains will be restrained to some degree by a sharp deceleration in the Japanese market, reflecting a drop in truck and other motor vehicle output as locally based automakers continue to boost manufacturing capacity overseas. Request a sample for World Diesel Engines to 2017 market research report at http://www.rnrmarketresearch.com/contacts/request-sample?rname=171121.
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Companies profiled in World Diesel Engines to 2017 industry research report include Bayerische Motoren Werke AG, Beijing Foton Cummins Engine, see Cummins Bergen, see Rolls-Royce Holdings Blue Diamond Truck S de RL, see Ford Motor and Navistar, International Bosch (Robert) GmbH, Caterpillar Incorporated, China Yuchai International Limited, Chrysler Group, see Fiat, CNH Industrial NV, Continental AG, Cummins Incorporated, Daihatsu Motor, see Toyota Motor Daimler AG, Deere & Company, Delphi Automotive plc, DENSO Corporation, Detroit Diesel, see Daimler DEUTZ AG, Doosan Infracore Company Limited, Electro-Motive Diesel, see Caterpillar Engine Holding, see Daimler and Rolls-Royce Holdings Fiat SpA, Ford Motor Company, FPT Industrial, see CNH Industrial Francaise de Mecanique SNC, see Peugeot and Renault General Motors Company, Hilite International, see Cummins Hino Motors, see Toyota Motor Hyundai Heavy Industries Company Limited, Isuzu Motors Limited, Kohler Company, Komatsu Limited, Kubota Corporation, Liebherr-International AG, L’Orange, see Rolls-Royce Holdings Magneti Marelli, see Fiat Mahindra & Mahindra Limited, MAN, see Volkswagen Mitsubishi Fuso Truck and Bus, see Daimler Mitsubishi Heavy Industries Limited, MTU Friedrichshafen, see Rolls-Royce Holdings MWM International Industria de Motores da America do Sul Limitada, see Navistar International Navistar International Corporation, PACCAR Incorporated, Perkins Engines, see Caterpillar Peugeot SA, Pure Power Technologies, see Navistar International Qingling Motors, see Isuzu Motors Renault SA, Rolls-Royce Holdings plc, Scania, see Volkswagen Shanghai Diesel Engine Company Limited, Stanadyne Corporation, Teksid, see Fiat TMH Diesel Engine, see Wärtsiläj Tognum, see Daimler and Rolls-Royce Holdings Toyota Motor Corporation, VM Motori, see Fiat Volkswagen AG, Volvo AB, Wärtsilä Oyj, Weichai Power Company Limited and Weifang Weichai-Deutz Diesel Engine, see DEUTZ and Weichai Power Y&C Engine, see China Yuchai International Yanmar Company Limited. Order a copy of this report at http://www.rnrmarketresearch.com/contacts/purchase?rname=171121.
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