Written by administrator Monday, 20 June 2011 08:51
World diesel engine demand is forecast to expand over three percent per year through 2012 to about $160 billion. This represents a considerable deceleration from the impressive growth posted during the 2002-2007 period, reflecting an expected slowdown in motor vehicle and off-highway equipment production. Additionally, projected declines in metal prices are set to lower diesel engine production costs, moderating growth in the market. Despite the slower growth rate, substantial increases in demand are being predicted for every segment of the world diesel engine market, with the majority of new demand concentrated in the motor vehicle segment.
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