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23-05-2025
Diesel engines offer advantages such as high efficiency, high torque and long life. The diesel engine industry can be subdivided according to application areas, mainly including commercial vehicles, agricultural machinery, construction machinery, power generation and other fields. In recent years, the application of diesel engines in several fields, such as transportation, agricultural machinery, and power generation sets, has shown a growing trend. The diesel engine market for commercial vehicles dominates the market, followed by agricultural and construction machinery markets.
The diesel engine industry is highly competitive, with many domestic and international brands. Prominent players in the global diesel engine market include Caterpillar (U.S.), Cummins Inc (U.S.), Volvo Penta (Sweden), Hyundai Heavy Industries (South Korea), and MAN Energy Solutions (Germany).
The global diesel engine market was valued at USD 66.9 billion in 2024, and its size is expected to reach USD 82.3 billion by 2029.
The high-speed engine market accounted for the largest share in 2024, and medium-speed engines are expected to grow the fastest during the forecast period.720-1,200 rpm is categorized as medium-speed diesel engines, and high-speed diesel engines are subdivided into two segments: 1,200-1,800 rpm and above 1,800 rpm. High-speed diesel engines are widely used in marine, power generation and other applications; medium-speed engines are commonly found in small ships and power plants to drive generators and propellers.
Asia-Pacific is expected to be the fastest growing region for diesel engines market from 2024-2029, mainly due to increase in the number of boats, crafts, and ships.
According to Tendata Global Trade Data, global large diesel buyers in 2024 are:
1.EMPRESA PUBLICA DE HIDROCARBUROS DEL ECUADOR EP PETROECUADOR(6.83%, $3351.85 Million)
2.COMPANIA DE PETROLEOS DE CHILE COPEC SA(4.15%, $2036.05 Million)
3.M S PAKISTAN STATE OIL COMPANY LTD(3.75%, $1840.91 Million)
4.CÔNG TY TNHH ESPOIR VIỆT NAM(3.61%, $1774.16 Million)
5.TẬP ĐOÀN XĂNG DẦU VIỆT NAM(2.93%, $1437.96 Million)
6.EXXONMOBIL(2.58%, $1265.51 Million)
7.MEGHNA PETROLEUM LIMITED(2.55%, $1253.4 Million)
8.PT AKR CORPORINDO(2%, $982.48 Million)
9.VALERO PERU S A C(1.99%, $979.12 Million)
10.PADMA OIL COMPANY LIMITED(1.98%, $970.83 Million)
>>See the Full Version of the List<<
Above we have mentioned the top 10 buyers of diesel engines in the world. Apart from this, many other large diesel buyers also play a vital role in importing diesel engines globally. Also, explore our diesel engine import data at Tendata to get a complete list of all the active diesel engine buyers across the globe.
Tendata is the premium solution to find global diesel engine buyers, including detailed information on large diesel buyers and their historical shipment values. Just check the latest diesel engine import data on our platform to access the full list of diesel engine HS codes. It is the leading import/export data source for more than 228 countries and territories.
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