Wednesday, February 20, 2013

World Diesel Engine demand is projected to grow 6.7 percent per year through 2015 to $197.5 billion

World demand to rise 6.7% annually through 2015
World diesel engine demand is projected to grow 6.7 percent per year through 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 fueled 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.
 

To Know More - World Diesel Engines to 2015

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