India Diesel Engine Market (2018-2023) | Value, Forecast, Size, Revenue, Industry, Growth, Companies, Analysis, Outlook, Trends & Share

India Diesel Engine Market is projected to grow over the coming years. India Diesel Engine Market report is a part of our periodical regional publication Asia Pacific Diesel Engine Market outlook report. 6W tracks diesel genset market for over 60 countries with individual country-wise market opportunity assessment and publish the report titled Global Diesel Engine Market outlook report annually.

India Diesel Engine Market report comprehensively covers the market by Type & application. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities, high growth areas, and market drivers, which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

India Diesel Engine Market Synopsis

India Diesel Engine Market is expected to project substantial growth during the upcoming years on account of the usage of the engines as a major source of power. The increasing utilization of engines in construction, agricultural, automobile, and industrial verticals is also adding to the growth of Diesel Engine Market in India. Major application equipment includes tractors, passenger vehicles, Gensets, commercial vehicles, diesel locomotives, and construction equipment.

According to 6Wresearch, India diesel engine market size is projected to grow at a CAGR of 4.9% during 2018-2023. The rising usage of commercial vehicle is backed by surging awareness regarding the cost-saving provided by the use of public transport along with an increase in the sustainable environment development. Moreover, increased export activities and cab facilities have been contributing positively to the diesel engine demand in the country and as a result, are offering the potential industrialists to look forward to promising future business growth in the market in the coming years. Further, a rise in the logistics industry is estimated to support the adoption of diesel engine vehicles in the distribution process. Moreover, the agriculture industry is witnessing the evolution of technical upgradations with respect to the new and well-equipped farm machinery used and as a result, this is increasing the deployment of diesel engine equipment in agriculture and farm machinery like diesel tractors and ensuring efficient farming and is estimated to boost the India Diesel Engine Market Growth in the upcoming six years.

Surging development in the technology of diesel Genset by the manufacturers such as the introduction of noise-free and emission fewer diesel engines is one of the key factors driving the development of the market. Furthermore, new diesel engines require less maintenance than further triggers the potential growth of the India Diesel Engine Market Share.

Market Analysis by Application

Based on application, the automotive industry generated significant growth due to the growing demand for passenger vehicles in the domestic and export markets. Further, the growing retail & logistics industry in the country is also contributing to the increase in sales of commercial vehicles, thus driving the India Diesel Engine market Growth. The commercial vehicle segment would drive the India diesel engine market forecast revenues due to the high demand for trucks and buses in the country. Further, the agricultural sector is the second largest consumer in value terms due to the high utilization of diesel engines in farm equipment. With a farm mechanization rate of just 40%, India is expected to witness growth in demand for self-propelled farm equipment during the forecast period. Decreasing labour availability and increasing labour cost would also lead to growth in farm equipment.

Market Analysis by Types

Amongst all, 31-100 Hp diesel engines accounted for the majority of India diesel engine market share in both revenue and volume terms. Passenger vehicles, tractors, and construction equipment are the key revenue-generating segments. However, diesel pump and diesel passenger vehicle markets, which are major consumers of diesel engines are expected to witness a slowdown due to improved power supply position and a hike in diesel fuel prices in India. Further, among all the regions, the Northern region accounted for the highest revenue share in FY2017. The market is expected to surge on account of the growing commercial vehicle market and growing exports of diesel-based equipment.

Key Highlights of the Report:

• India Diesel Engine Market Overview
• India Diesel Engine Market Outlook
• Historical Data of India Diesel Engine Market for the Period 2014-2017
• India Diesel Engine Market Size & India Diesel Engine Market Forecast of Revenue, until 2023
• Historical Data of India ≤30 Hp Diesel Engine Market for the Period 2014-2017
• Market Size & Forecast of India ≤30 Hp Horizontal Diesel Engine Market until 2023
• Historical Data of India 31-100 Hp Diesel Engine Market for the Period 2014-2017
• Market Size & Forecast of India 31-100 Hp Diesel Engine Market until 2023
• Historical Data of India 101-160 Hp Diesel Engine Market for the Period 2014-2017
• Market Size & Forecast of India 101-160 Hp Diesel Engine Market until 2023
• Historical Data of India 161-200 Hp Diesel Engine Market for the Period 2014-2017
• Market Size & Forecast of India 161-200 Hp Diesel Engine Market until 2023
• Historical Data of India 201-5000 Hp Diesel Engine Market for the Period 2014-2017
• Market Size & Forecast of India 201-5000 Hp Diesel Engine Market until 2023
• Historical Data of India above 5000 Hp Diesel Engine Market for the Period 2014-2017
• Market Size & Forecast of India above 5000 Hp Diesel Engine Market until 2023
• Historical Data of India Diesel Engine Market Revenues, Hp for the Period 2014-2017
• Market Size & Forecast of India Diesel Engine Market Revenues, by Hp until 2023
• Historical Data of India Diesel Engine Market Revenues for the Period 2014-2017, By Application
• Market Size & Forecast of India Diesel Engine Market Revenues until 2023, By Application
• India Diesel Engine Market Drivers and Restraints
• India Diesel Engine Market Trends and Developments
• Industry Life Cycle and Value Chain Analysis
• India Diesel Engine Market Overview on Competitive Landscape
• India Diesel Engine Market Share, by Players 
• Key Company Profiles
• Recommendations

Markets Covered

The India diesel engine market report provides a detailed analysis of the following market segments:

By Types:

• ≤30 Hp
• 31-100 Hp
• 101-160 Hp
• 161-200 Hp
• 200-5,000 Hp
• Above 5,000 Hp

By Applications:

• Agricultural
• Automotive
• Power
• Construction Equipment
• Industrial

By Regions:

• Northern 
• Eastern
• Western
• Southern

Frequently Asked Questions About the Market Study (FAQs):