Lewes, DE -- (SBWIRE) -- 04/13/2017 -- Report forecast the global diesel engines for construction and earthmoving sector to grow at a CAGR of 3.83% during the period 2017-2021.

Diesel engines are internal combustion engines that use diesel as a fuel. Another characteristic that distinguishes them is the use of compression ignition rather than spark ignition in gasoline-powered engines. Diesel-powered engines produce high torque, and thus, are suitable for construction and earthmoving equipment.

The report covers the present scenario and the growth prospects of the global diesel engines for construction and earthmoving sector for 2017-2021. To calculate the market size, the report covers the types of construction and earthmoving equipment, and the key geographies.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

According to the report, one driver in market is increasing requirement for fuel-efficient construction equipment. The increasing concern over environmental degradation is catching wind in the equipment sector also. The rise in concern over the smart use of equipment is gaining prominence in the market. The Paris Agreement signed by major countries mandates global temperatures be reduced by 2° C. Construction involves many exothermic operations due to which the temperature around the site remains high. This has taken a major toll on the industry as environmentalists are arguing over the rising construction activity and the consequent rising temperature.

Further, the report states that one challenge in market is rise in manufacturing costs. Fluctuations in prices of raw materials such as stainless steel, iron ore, aluminum, bronze, and other metal alloys have increased production costs. This, in turn, has led to a demand-supply gap. In addition, components used to manufacture construction equipment, such as diesel tanks, air ducts, and hydraulic cylinders, are relatively expensive. Therefore, a high initial investment is required, which affects the cost of ownership of equipment, thereby, reducing profit margins of manufacturers. The global steel production is expected to contract in 2017, and the slump is expected to continue for the next year due to poor investments in the steel industry. The severe depression in the Chinese construction industry due to weak global trade is contributing to a slowdown.

Global Diesel Engines for Construction and Earthmoving Sector 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global diesel engines for construction and earthmoving sector: Caterpillar, Cummins, JCB, Kubota Group, and YANMAR.

Other Prominent Vendors in the market are: Ashok Leyland, Kirloskar Oil Engines, Doosan Infracore, Deere & Company, Kohler, Kobelco, Perkins, Volvo Construction Equipment, MTU, Honda, Komatsu, Weichai Holding Group, Guangxi Yuchai Machinery, MAN Engines, Shanghai Diesel Engine, YTO Group, DEUTZ, Isuzu Motors, Mahindra Heavy Engines, Greaves Cotton, and Bharat Earth Movers Limited (BEML).

Market driver
- Changing demographics to boost infrastructure spending.
- For a full, detailed list, view our report

Market challenge
- Stringent environmental laws and regulations.
- For a full, detailed list, view our report

Market trend
- Emergence of intelligent automation.
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 70 pages and 31 Exhibits "Global Diesel Engines for Construction and Earthmoving Sector 2017 - 2021" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by product, Geographical segmentation, Decision framework, Drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

For more information Visit at: http://www.marketresearchreports.com/technavio/global-diesel-engines-construction-and-earthmoving-sector-2017-2021

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