This article is based on a GCiS multi-client report: China Diesel Engines Market Research Report.
Over the last few years, the growth of China's industrial diesel engines market has experienced a marked decline. According to a recent report from GCiS China Strategic Research, overall market growth was just 4.3% in 2013 to a RMB 112.7 Bn, or USD 18 Bn, market, which covers engineering machinery diesel engines, marine diesel engines, diesel engines used in generator sets, and downhole diesel engines. Industry insiders report that the recent slow growth is largely a result of difficulties in the shipbuilding and construction sectors, although none of the key end user industries are experiencing impressive growth from a target product sales standpoint.
Growth rates are not expected to rise dramatically in the foreseeable future, and while overall growth is expected to level off after peaking in late 2015, growth is expected to remain at a higher equilibrium than 2013 levels. This trend will largely be shaped by the shipbuilding industry, which is expected to make a brief resurgence, as well as sluggish but steady development across the majority of end user industries.