The growth of the market is driven by stable demand from agricultural and non-road machinery industry.
Market Size – USD 1.27 billion in 2018, Market Growth - CAGR of -1.5%, Market Trends –New government policies for controlling vehicle emission as well as increased focus on agricultural machinery subsidies.
The Single Cylinder Diesel Engine Market in China is forecasted to decline from USD 1.27 billion in 2018 to USD 1.12 billion by 2026, at a CAGR of -1.5%, during the forecast period. The market is primarily driven by stable demand from agricultural and non-road machinery industry. The market for diesel engines are slowly being phased out and are being replaced by battery operated electric vehicles.
The entire market for agricultural machinery and engine combustion continued to decline. Under such circumstances, China has succeeded in achieving better business performance than the global industry average.
In 2018, China accounted for 75% of the production market globally. It is followed by Asia (excluding China), which represents approximately 17% of the global industry, respectively. Other countries have a small production volume.
Although the industry's growth slowed, China's agricultural machinery level was still in the mid-stage development phase, with market requirements still strong.
The PRC government’s new policy for vehicle emission as well as increased focus on agricultural machinery subsidies act as a restraint for the market.
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/press-release/china-single-cylinder-diesel-engine-market
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/press-release/china-single-cylinder-diesel-engine-market
Further key findings from the report suggest
- The Single Cylinder Diesel Engine Market in China is forecasted to grow from USD 1.27 billion in 2018 to USD 1.12 billion by 2026, at a CAGR of -1.5%, during the forecast period. The market is primarily driven by stable demand from agricultural and non-road machinery industry.
- The market for tractors is expected to reach USD 291.6 Million in 2026, at a CAGR of -1.1% during the forecast period. The market for three wheel vehicle is expected to reach USD 218.6 Million in 2026, at a CAGR of 0.1% during the forecast period Chinese players have successfully entered new markets like Columbia, the Philippines, and Vietnam, expanding markets like Middle East and Africa. It launched in the market more competitive products.
- The market for single cylinder is expected to reach USD 343.1 million in 2026, at a CAGR of -0.8% during the forecast period. Motors can be used extensively for handheld and small four-wheel tractors, engineering machines, three - wheel vehicles, generators, water pumps, air compressors, gardening machines, agricultural and side-line processing products and others.
- The market for agricultural industry is expected to reach USD 331.9 million in 2026, at a CAGR of -0.9% during the forecast period. In 2018, Changchai and Shifeng accounted for about 23% of the revenue in the market. China holds the largest production value area of single cylinder diesel engine, and is also the prominent leader in the whole single cylinder diesel engine industry.
- The major players in the market are Yanmar, Kubota, Kohler, Hatz, Greaves Cotton, Shifeng, Changchai, Changfa, Golden Fiying Fish Diesel, Changlin, Lifan, Juling, Sifang, Yuchai and Sichuan Xingming.
Segments covered in the report:
This report forecasts volume and revenue growth at a global, regional & country level, and provides an analysis on the industry trends in each of the sub-segments from 2016 to 2026. For the purpose of this study, Reports and Data have segmented the market on the basis of engine type, combustion chamber, end users, applications and regional analysis.
Engine Type (Revenue, USD Million; 2016-2026)
- Single Cylinder
- Horizontal Cylinder
- Evaporating Water Cooled
- 4-stroke
Combustion Chamber (Revenue, USD Million; 2016-2026)
- Direct Injection
- Swirl
Applications (Revenue, USD Million; 2016-2026)
- Auto Industry
- Construction Industry
- Power Industry
- Agricultural Industry
- Power Industry
- Others
End Users (Revenue, USD Million; 2016-2026)
- Tractor
- Engineering Machinery
- Three Wheel Vehicle
- Water Pumps
- Air Compressors
- Generator Set
- Others
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