Global Diesel Engines for Construction and Earthmoving Sector Report Mar-2017

Global Diesel Engines for Construction and Earthmoving Sector
2017-2021
The Diesel Engines for Construction and Earthmoving Sector report contains a comprehensive market
and vendor landscape in addition to a SWOT analysis of the key vendors for 2017-2021. The following
companies are the 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).
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Market Trend
One trend in diesel engines for construction and earthmoving sector market is rise of hybrids. The hybrid
hydraulic excavator has a swing framework that incorporates electric motors. It charges a capacitor by
the power generated through swing deceleration. This power is then used to assist the hydraulic motor
in swing acceleration. Another motor that is associated with hydraulic pumps adjusts to the measure of
electric energy in the capacitor. It helps generate power and supports the engine. This way fuel
utilization can be reduced. Many hybrids promise up to 25% cost savings.
Market Driver
One driver in diesel engines for construction and earthmoving sector 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.
Market Challenge
One challenge in diesel engines for construction and earthmoving sector 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.