TechNavio today launched its report, Diesel Engine Market in China 2012-2016, based on an in-depth analysis exclusively focusing on China. The report aims to aid decision makers’ understanding of the significant trends impacting this market.
Commenting on the report, an analyst from TechNavio’s Engineering team said: ”In the past few years, there has been a rapid increase in competition among the diesel engine vendors in China. This increase in competition leads to a decrease in the price of diesel engines. Consequently, there is an increase in price wars among the players in the market to tap the maximum market share. Moreover, as a result of the advancement in technology, the development of standard diesel engines, with limited features and capabilities, is also decreasing. Therefore, several vendors are playing on pricing strategies, aiming to capture significant market share. Vendors are focusing on the development of economical products in an attempt to tap small-scale industries.”
According to the report, one of the main drivers is the upsurge of the Shipbuilding industry in China. The growth of the Shipbuilding industry drives the increasing adoption of marine diesel engines.
Further, the report reveals that one of the main challenges is the soar in diesel and other raw material prices.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/diesel-engine-market-china-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic market research reports on niche and emerging technologies. For more information on our Engineering market research, please visit https://www.technavio.com/engineering-software
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TechNavio Announces the Publication of its Research Report – Diesel Engine Market in China 2012-2016
