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Article Excerpt
NEW YORK, Oct. 1 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue.
World Diesel Engines Market http://www.reportlinker.com/p0117971/World-Diesel-Engines-Market.html Global demand to grow 3% annually through 2012
World diesel engine demand is forecast to expand over three percent per year through 2012 to about $160 billion. This represents a considerable deceleration from the impressive growth posted during the 2002-2007 period, reflecting an expected slowdown in motor vehicle and off-highway equipment production. Additionally, projected declines in metal prices are set to lower diesel engine production costs, moderating growth in the market. Despite the slower growth rate, substantial increases in demand are being predicted for every segment of the world diesel engine market, with the majority of new demand concentrated in the motor vehicle segment.
Imports of rapidly growing Asia/Pacific market to surge
The Asia/Pacific region is now the world's largest market for diesel engines, surpassing Western Europe. Rising demand for diesel engines in China, India, and South Korea drove growth in the regional market. The Asia/Pacific share of the world diesel engine market is forecast to exceed one-third by 2012. Imports of diesel engines are expected to surge from 2007 to 2012, as regional manufacturers are unable to keep up with demand. In 2012, only Japan is forecast to post a substantial diesel engine trade surplus. Although the regional light vehicle segment is projected to expand at the fastest annual rate, the largest absolute gains will occur in the heavy truck and bus segment. China alone is forecast to account for almost 18 percent of new demand, from 2007 to 2012.
North American market to outpace Western Europe, driven by motor vehicle uses
The diesel engine market in Western Europe is projected to decelerate through 2012, as the production...
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