Product Code: ETC4531585 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India engines market import shipment experienced a significant decline with a CAGR of -11.7% from 2020 to 2024. However, there was a notable turnaround in the growth rate between 2023 and 2024, surging by 41.8%. This suggests a market that slowed down but showed signs of expansion towards the end of the period.
Engines are the heart of many industries, and India engine market is diverse, covering applications in agriculture, construction, transportation, and power generation. The demand for engines is closely tied to the performance of these sectors. As India economy continues to grow, the engine market will evolve to meet the changing needs of various industries.
The India engines market is experiencing growth fueled by diverse sectors, including automotive, industrial, and power generation. The automotive industry is driven by increased demand for vehicles, while the industrial sector seeks engines for various applications such as construction equipment, agriculture, and manufacturing. Furthermore, the power generation segment relies on engines for backup and distributed power solutions. India focus on sustainable transportation, the growth of construction and manufacturing, and the need for reliable power generation contribute to the market`s expansion.
The India engines market faces various challenges, notably in the context of environmental concerns. Emissions standards are becoming stricter, necessitating the development of cleaner and more fuel-efficient engines. Balancing this with the need for affordable transportation and industrial solutions is a delicate task. Additionally, the supply chain disruptions and rising material costs pose challenges to the industry, impacting production and pricing.
The India Engines market faced challenges during the pandemic, particularly in industries like automotive and manufacturing. However, the need for reliable engines for backup power and industrial applications remained. As the economy recovers, the market is expected to rebound, driven by investments in infrastructure and manufacturing.
The engines market in India is characterized by the presence of global giants such as Cummins, Mahindra & Mahindra, and Kirloskar Oil Engines. These companies manufacture a wide range of engines used in various applications, from automotive to industrial. The growth of the automotive and manufacturing sectors in India has bolstered the engines market, with a focus on emission control and fuel efficiency.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Engines Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Engines Market Revenues & Volume, 2021 & 2031F |
3.3 India Engines Market - Industry Life Cycle |
3.4 India Engines Market - Porter's Five Forces |
3.5 India Engines Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Engines Market Revenues & Volume Share, By Power Rating, 2021 & 2031F |
4 India Engines Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for commercial vehicles in India |
4.2.2 Growth in construction and infrastructure projects driving demand for heavy-duty engines |
4.2.3 Government initiatives promoting electric and hybrid engines in the market |
4.3 Market Restraints |
4.3.1 Fluctuating fuel prices impacting consumer purchasing power |
4.3.2 Regulatory challenges and changing emission norms affecting engine manufacturing |
4.3.3 Intense competition within the market leading to pricing pressures |
5 India Engines Market Trends |
6 India Engines Market, By Types |
6.1 India Engines Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Engines Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Engines Market Revenues & Volume, By Power Generation (Emergency & Standby, Prime Power, Peak Shaving), 2021-2031F |
6.1.4 India Engines Market Revenues & Volume, By Marine (Recreational and Commercial), 2021-2031F |
6.2 India Engines Market, By Power Rating |
6.2.1 Overview and Analysis |
6.2.2 India Engines Market Revenues & Volume, By 0-60 HP, 2021-2031F |
6.2.3 India Engines Market Revenues & Volume, By 61-100 HP, 2021-2031F |
6.2.4 India Engines Market Revenues & Volume, By 101-300 HP, 2021-2031F |
6.2.5 India Engines Market Revenues & Volume, By 301-500 HP, 2021-2031F |
6.2.6 India Engines Market Revenues & Volume, By 501-700 HP, 2021-2031F |
6.2.7 India Engines Market Revenues & Volume, By above 700 HP, 2021-2031F |
7 India Engines Market Import-Export Trade Statistics |
7.1 India Engines Market Export to Major Countries |
7.2 India Engines Market Imports from Major Countries |
8 India Engines Market Key Performance Indicators |
8.1 Adoption rate of electric and hybrid engines in the market |
8.2 Number of new construction and infrastructure projects utilizing engines |
8.3 Investment in research and development for engine technology advancements |
9 India Engines Market - Opportunity Assessment |
9.1 India Engines Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Engines Market Opportunity Assessment, By Power Rating, 2021 & 2031F |
10 India Engines Market - Competitive Landscape |
10.1 India Engines Market Revenue Share, By Companies, 2024 |
10.2 India Engines Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |