India Engines Market (2025-2031) Outlook | Companies, Growth, Industry, Trends, Analysis, Size, Revenue, Forecast, Share & Value

Market Forecast By Type (Power Generation (Emergency & Standby, Prime Power, Peak Shaving), Marine (Recreational and Commercial)), By Power Rating (0-60 HP, 61-100 HP, 101-300 HP, 301-500 HP, 501-700 HP, above 700 HP) And Competitive Landscape
Product Code: ETC4531585 Publication Date: Jul 2023 Product Type: Report
Publisher: 6Wresearch No. of Pages: 85 No. of Figures: 45 No. of Tables: 25

India Engines Market Import Shipment Trend (2020-2024)

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.

Graph Showing India  engines market Shipment Trend & Volume from 2020-2024

IndiaEngines Market Overview

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.

Drivers of the Market

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.

Challenges of the Market

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.

COVID-19 Impact on the Market

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.

Key Players in the Market

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.

Key Highlights of the Report:

  • India Engines Market Outlook
  • Market Size of India Engines Market, 2024
  • Forecast of India Engines Market, 2031
  • Historical Data and Forecast of India Engines Revenues & Volume for the Period 2021-2031
  • India Engines Market Trend Evolution
  • India Engines Market Drivers and Challenges
  • India Engines Price Trends
  • India Engines Porter's Five Forces
  • India Engines Industry Life Cycle
  • Historical Data and Forecast of India Engines Market Revenues & Volume By Type for the Period 2021-2031
  • Historical Data and Forecast of India Engines Market Revenues & Volume By Power Generation (Emergency & Standby, Prime Power, Peak Shaving) for the Period 2021-2031
  • Historical Data and Forecast of India Engines Market Revenues & Volume By Marine (Recreational and Commercial) for the Period 2021-2031
  • Historical Data and Forecast of India Engines Market Revenues & Volume By Power Rating for the Period 2021-2031
  • Historical Data and Forecast of India Engines Market Revenues & Volume By 0-60 HP for the Period 2021-2031
  • Historical Data and Forecast of India Engines Market Revenues & Volume By 61-100 HP for the Period 2021-2031
  • Historical Data and Forecast of India Engines Market Revenues & Volume By 101-300 HP for the Period 2021-2031
  • Historical Data and Forecast of India Engines Market Revenues & Volume By 301-500 HP for the Period 2021-2031
  • Historical Data and Forecast of India Engines Market Revenues & Volume By 501-700 HP for the Period 2021-2031
  • Historical Data and Forecast of India Engines Market Revenues & Volume By above 700 HP for the Period 2021-2031
  • India Engines Import Export Trade Statistics
  • Market Opportunity Assessment By Type
  • Market Opportunity Assessment By Power Rating
  • India Engines Top Companies Market Share
  • India Engines Competitive Benchmarking By Technical and Operational Parameters
  • India Engines Company Profiles
  • India Engines Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

6Wresearch actively monitors the India Engines Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the India Engines Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
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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

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