Market Forecast By Placement Types (Small Size, Medium Size, Large Size), By Applications (Passenger Cars, Commercial Vehicles), By Countries (India, China, Japan, Australia, Indonesia, Malaysia, Thailand & Rest of Asia Pacific), and Competitive Landscape.
Product Code: ETC131521 | Publication Date: Aug 2024 | Updated Date: Aug 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
Report Name | Asia Pacific automotive diesel engine market |
Forecast period | 2024-2030 |
CAGR | 4.5% |
Growing Sector | Commercial |
The Asia Pacific automotive diesel engine market report thoroughly covers the market by placement types, applications, and countries. The Asia Pacific automotive diesel engine market outlook report provides an unbiased and detailed analysis of the ongoing Asia Pacific automotive diesel engine market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The growing demand for high-performance, fuel-efficient cars is expected to drive significant expansion in the Asia Pacific automotive diesel engine market. The industry is expanding due to factors like growing urbanization, better infrastructure, and an increasing middle class in nations like China and India.
According to 6Wresearch, Asia Pacific Automotive Diesel Engine Market size is expected to grow at a significant CAGR of approximately 4.5% during 2024-2030. The growth trajectory of the Asia Pacific automotive diesel engine market is being influenced by a number of important factors. Firstly, manufacturers and consumers both are being pushed to look for innovative diesel technology that offer better mileage without sacrificing performance due to the growing emphasis on fuel efficiency. Second, the major APAC countries are rapidly becoming more urbanized, which increases the requirement for dependable and powerful diesel engines in commercial vehicles.
The Asia Pacific Automotive Diesel Engine Market is expected to increase, but there are a number of obstacles in its path. The strengthening of emission standards in the region's several nations is one major obstacle. Manufacturers of diesel engines must make significant investments in creating complying technologies as governments impose stricter rules for preventing air pollution. This might raise production costs and ultimately impact pricing strategies. Additionally, as consumers grow more environmentally conscious and look for other fuel options, the growing popularity of electric and hybrid vehicles directly threatens the diesel market.
Some significant companies that are operating in the market and continuously contributing to its success are Cummins Inc., Bosch, and Toyota Industries Corporation. These businesses are making significant investments in research and development to improve fuel efficiency and reduce emissions with the goal to comply with legal requirements and market preferences.
The Asia Pacific vehicle diesel engine industry is significantly shaped by government regulations. Many APAC nations have imposed stricter limits on emissions to lower air pollution and promote the use of greener technologies. For example, increasingly strict rules implemented in China and India have forced manufacturers to invest in modern emission control technologies and increase the overall efficiency of diesel engines.
The Asia Pacific automobile diesel engine market is expected to undergo significant changes in the coming years due to continued technology improvements and shifting consumer preferences. In order to improve performance and comply with strict pollution rules, manufacturers are expected to invest in more eco-friendly and efficient diesel engines as the technology advances.
According to Dhaval, Research Manager, 6Wresearch, Small-sized vehicles, are expected to rise steadily due to rising urbanization and rising demand for fuel-efficient automobiles.
On the basis of Applications segment, as fuel prices continue to be a concern, drivers seeking a good balance between performance and economy are likely to be drawn to passenger cars with diesel engines since they provide superior power and fuel efficiency.
In terms of countries, the market is categorised into India, China, Japan, Australia, Indonesia, Malaysia, Thailand and Rest of Asia Pacific. India is predicted to develop significantly due of the country's fast urbanization and rising need for commercial cars. The demand for effective urban transportation options is likely to rise with the use of diesel engines.
The report offers a comprehensive study of the subsequent market segments:
Market Forecast By Placement Types (Small Size, Medium Size, Large Size), By Applications (Passenger Cars, Commercial Vehicles), By Countries (India, China, Japan, Australia, Indonesia, Malaysia, Thailand & Rest of Asia Pacific), and Competitive Landscape.
Product Code: ETC131521 | Publication Date: Oct 2019 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
Growing automobile manufacturing plants in the region coupled with growing government incentives to promote domestic manufacturing in the countries has propelled the growth of the automotive diesel engine market in the Asia Pacific region. However, stringent emission norms are anticipated to hamper the demand for automotive diesel engines in the region.
According to 6Wresearch, Asia Pacific (APAC) Automotive Diesel Engine Market size is anticipated to register growth during 2019-2025. Increasing demand for Automotive diesel engines in the Asia Pacific region, especially in passenger vehicles would drive the market growth over the coming years. Additionally, diesel engines used in commercial vehicles are expected to witness substantial market growth throughout the forecast period.
In the overall Asia Pacific, developing economies such as China and India have captured the majority of the market revenue share in 2018 and are anticipated to lead the market growth over the coming years. Moreover, increasing investments in the development of the automotive sector to manufacture energy-efficient vehicles would be one of the major factors driving the demand for the automotive diesel engine market over the next six years.
The Asia Pacific automotive diesel engine market report thoroughly covers the market by placement types, applications, and countries including India, Japan, Australia, Malaysia, Indonesia, Thailand, and China. The Asia Pacific automotive diesel engine market outlook report provides an unbiased and detailed analysis of the ongoing Asia Pacific automotive diesel engine market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Asia Pacific Automotive Diesel Engine Market report provides a detailed analysis of the following market segments: