Power Says Diesel Light-Vehicle Sales Will Double by 2015 - Tire Review Magazine

Power Says Diesel Light-Vehicle Sales Will Double by 2015

(Akron/Tire Review) J.D. Power & Associates says global demand for diesel light vehicles is expected to nearly double over the next 10 years – from 15 million in 2005 to 29 million in 2015.

J.D. Power Automotive Forecasting projects the global marketshare for diesel-powered cars and light trucks will reach 26% by 2015, up from 18% in 2005. Western Europe has been the key driver in the growth of diesel vehicle demand for the past 10 years, said Power, but increased demand from consumers in other regions will promote growth during the next decade.

"As a proven, cost-effective and ‘off-the-shelf’ solution, diesel has a head start over other emerging fuel-efficient technologies," said Alastair Bedwell, senior manager for J.D. Power Automotive Forecasting. "With energy prices at elevated levels and new regulatory pressure to improve light-truck fuel efficiency, a range of fuel-efficient alternatives to the conventional gasoline engine will be required. The U.S. and Canada are markets with enormous potential for diesel light-vehicle sales."

Power said the diesel share of U.S. light-vehicle sales is expected to increase from 3.2% in 2005 to more than 10% by the middle of the next decade. However, diesel prospects in key Asian markets remains mixed.

"South Korea and India are key markets for diesel growth in Asia, and the market in China is continuously developing," said Bedwell. "However, near- and mid-term prospects for diesel vehicle sales in Japan remain limited. There has been some rejection of diesel technology among consumers, despite Japanese manufacturers embracing the technology."

You May Also Like

Nokian Tyres receives A- sustainability score from CDP

This is the fourth consecutive year that Nokian Tyres has received an A- for its climate work.

Nokian-score-low-emissions-stock

Nokian Tyres scored an A- from CDP for its actions aimed at reducing greenhouse gas emissions and mitigating climate change-related risks, the company said. Scores A and A- represent leadership level. This is the fourth consecutive year that Nokian Tyres has received an A- for its climate work.

How tire traction and tread design affect tire performance

Even though tires might all look the same to some customers, you should inform them how tread design works to improve their experience.

TR-Continental-treaddesign
Club 3633 nominations for 2024 are open

Club 3633 is an exclusive group of industry professionals that celebrates the next generation of innovators in the tire industry.

club3633-nominations-1400
Straightaway Tire brings on industry vets to promote training initiatives

John Wafler and Jason Servidio will drive platform-wide internal training initiatives for Straightaway Tire.

Straightaway-Tire-stock
TyreXpo Asia 2024 confirmed for Bangkok

The event is expected to attract over 4,000 international attendees from around 60 countries.

Other Posts

Hamaton to relocate its European distribution hub in Germany

The new location, still located on the Siemensring business park, will provide increased storage space and more.

Hamaton-New-Unit-Plan
Hankook Tire’s Rob Williams on leveraging momentum for global expansion

The company’s North America president tells all regarding product philosophy, dealer growth strategy, and what responding to the tire market means in 2024.

Hankook-Dealer-Meeting-Rob-Williams-QA-1400
Bill Ziegler, Ziegler Tire president, dies

Bill spent 48 years with Ziegler Tire, most recently as president.

Bill-Ziegler-600
Pirelli marks 50 million tires manufactured at Mexico plant

Since 2012, Pirelli has invested over $900 million in the plant.

Pirelli-mexico-factory-milestone