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Asia Pacific Reciprocating Engine Market Share
Yanmar Co. is a company renowned for its expertise in manufacturing diesel engines, agricultural machinery, construction equipment, and marine propulsion systems. The company offers a diverse range of reciprocating engines tailored to different applications. It is known for its commitment to innovation and technology advancement in the field of engine design and manufacturing.
Asia Pacific Reciprocating Engine Market Companies
Major players operating in the Asia Pacific reciprocating engine industry include:
- AB Volvo Penta
- Briggs & Stratton
- Caterpillar
- Cummins, Inc.
- General Electric
- Honda Motor Co., Ltd.
- Hyundai Heavy Industries Co., Ltd.
- IHI Corporation
- Kawasaki Heavy Industries Ltd.
- Kohler Co.
- KUBOTA Corporation
- MAN Energy Solutions
- Mitsubishi Heavy Industries, Ltd.
- Perkins Engines Company Limited
- Rolls-Royce plc
- Wartsila
- Yamaha Motor Co., Ltd.
- Yanmar Co., Ltd.
Why is the demand for diesel reciprocating engines rising in APAC?
Asia Pacific diesel reciprocating engine market will exceed USD 26 billion by 2032, led by the increasing inclination toward energy security coupled with technological advancements in alternative propulsion systems.
How much is the Asia Pacific reciprocating engine market worth?
The market size of Asia Pacific reciprocating engine was reached USD 24.7 billion in 2023 and is estimated to witness 5.2% CAGR from 2024 to 2032, due to the surging demand for power generation coupled with increased investments in infrastructure development.
What is the size of the China reciprocating engine industry?
China reciprocating engine market is set to surpass USD 11 billion by 2032, driven by increasing urbanization rate along with continuous expansion of industrial infrastructure.
Who are the major APAC reciprocating engine market players?
Some of the reciprocating engine firms in Asia Pacific are AB Volvo Penta, Briggs & Stratton, Caterpillar, Cummins, Inc., General Electric, Honda Motor Co., Ltd., and Hyundai Heavy Industries Co., Ltd.