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World - Diesel Engines (Other Than For Motor Vehicles And Aircraft) - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Feb 4, 2025

World - Diesel Engines (Other Than For Motor Vehicles And Aircraft) - Market Analysis, Forecast, Size, Trends and Insights

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Feb 4, 2025

Cummins Beats Revenue Expectations Despite Challenges

Engine manufacturer Cummins has once again demonstrated its resilience, reporting revenue that surpassed Wall Street's projections for the fourth quarter of the calendar year 2024. According to an external report, the company's revenue reached $8.45 billion, though it marked a 1.1% decrease year-on-year. However, Cummins' GAAP profit per share stood at $3.02, which was 34.9% below the consensus estimates set by analysts.

Steady Growth Amid Diverse Economic Cycles

Cummins' Chair and CEO, Jennifer Rumsey, expressed satisfaction with the company's operational performance, highlighting that record full-year revenues, net income, EBITDA, and EPS were achieved despite facing a downward trend in heavy-duty truck demand in North America. Cummins' extensive reach is crucial, with its engines powering more than half of the heavy-duty truck market at one point in time.

The heavy transportation sector is increasingly investing in technological advancements like automated vehicles and electric solutions to enhance efficiencies and address environmental concerns. This investment reflects in Cummins' revenue performance, which according to the IndexBox platform, showcased a 7.7% annualized growth over the last five years, bolstering its position slightly above the industrial benchmark.

Segmented Revenue Insights

Dissecting Cummins' revenue streams, the Components and Engine segments contribute substantially to its income, accounting for 30.8% and 32% respectively. Over the past two years, the Components segment has soared, showing a promising 15.5% annual growth, while the Engine segment marked 3.4% growth. These figures illustrate Cummins' capacity to leverage sector-specific strengths while navigating corrective measures in response to market dynamics.

Future Projections and Market Reactions

Despite achieving robust results this quarter, longer-term forecasts appear more restrained. Market analysts anticipate a modest 1.6% growth in revenue over the coming twelve months, suggesting potential demand obstacles ahead. Nevertheless, looking at Cummins' operating adjustments and investment in efficiencies, the company has maintained an average operating margin of 9.6% over the past five years, underscoring disciplined cost management strategies.

This quarter witnessed Cummins' operating profit margin heighten by 22.9 percentage points year-on-year to 8.7%, attributing to refined operational alignments. Despite recent gains in EPS, forecasted contractions indicate challenges, with Wall Street projecting a full-year EPS reduction by 20.2% to $28.17. Shareholder interest surrounding Cummins' strategic responses remains high, particularly as it continues to balance short-term performances with long-term growth aspirations.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global market for diesel engines (other than for motor vehicles and aircraft). Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 28111311 - Marine propulsion compression-ignition internal combustion piston engines (diesel or semi-diesel) of a power . .200 kW
  • Prodcom 28111315 - Marine propulsion compression-ignition internal combustion piston engines (diesel or semi-diesel) of a power > .200 kW but . 1 .000 kW
  • Prodcom 28111319 - Marine propulsion compression-ignition internal combustion piston engines (diesel or semi-diesel) of a power > 1 .000 kW
  • Prodcom 28111320 - Rail traction compression-ignition internal combustion piston engines (diesel or semi-diesel)
  • Prodcom 28111331 - Industrial use compression-ignition internal combustion piston engines (diesel or semi-diesel) of a power . .15 kW
  • Prodcom 28111333 - Industrial use compression-ignition internal combustion piston engines (diesel or semi-diesel) of a power > .15 kW but . .30 kW
  • Prodcom 28111335 - Industrial use compression-ignition internal combustion piston engines (diesel or semi-diesel) of a power > .30 kW but . .50 kW
  • Prodcom 28111337 - Industrial use compression-ignition internal combustion piston engines (diesel or semi-diesel) of a power > .50 kW but . .100 kW
  • Prodcom 28111353 - Industrial use compression-ignition internal combustion piston engines (diesel or semi-diesel) of a power > .100 kW but . .200 kW
  • Prodcom 28111355 - Industrial use compression-ignition internal combustion piston engines (diesel or semi-diesel) of a power > .200 kW but . .300 kW
  • Prodcom 28111357 - Industrial use compression-ignition internal combustion piston engines (diesel or semi-diesel) of a power > .300 kW but . .500 kW
  • Prodcom 28111373 - Industrial use compression-ignition internal combustion piston engines (diesel or semi-diesel) of a power > .500 kW but. 1 .000 kW
  • Prodcom 28111375 - Industrial use compression-ignition internal combustion piston engines (diesel or semi-diesel) of a power > 1 .000 kW

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Company coverage:

Sulzer, MAN, Caterpillar, Mitsubishi, Rolls–Royce, MTU, Cummins, AEG, BMW Marine, Honda, Chrysler, DESA company, Detroit Diesel, Doosan Group, Nissan Marine, McCulloch Motors Corporation, Mercury Marine, Yamaha Motor Company, Volvo, Toyota, Suzuki, Shanghai Diesel Engine, Scania AB, Isuzu

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption, By Country, 2018–2024
    5. Production, In Physical Terms, By Country, 2012–2024
    6. Imports, In Physical Terms, By Country, 2012–2024
    7. Imports, In Value Terms, By Country, 2012–2024
    8. Import Prices, By Country Of Destination, 2012–2024
    9. Exports, In Physical Terms, By Country, 2012–2024
    10. Exports, In Value Terms, By Country, 2012–2024
    11. Export Prices, By Country Of Origin, 2012–2024

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Consumption, By Country, 2024
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2024
    18. Production, In Value Terms, 2012–2024
    19. Production, By Country, 2024
    20. Production, In Physical Terms, By Country, 2012–2024
    21. Imports, In Physical Terms, 2012–2024
    22. Imports, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, By Country, 2024
    24. Imports, In Physical Terms, By Country, 2012–2024
    25. Imports, In Value Terms, By Country, 2012–2024
    26. Import Prices, By Country, 2012–2024
    27. Exports, In Physical Terms, 2012–2024
    28. Exports, In Value Terms, 2012–2024
    29. Exports, In Physical Terms, By Country, 2024
    30. Exports, In Physical Terms, By Country, 2012–2024
    31. Exports, In Value Terms, By Country, 2012–2024
    32. Export Prices, 2012–2024

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