Product Code: ETC4527205 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India small marine engines market import shipments demonstrated a positive growth trend with a CAGR of 4.9% from 2020 to 2024. However, there was a notable slowdown in growth between 2023 and 2024, with a decrease of 11.9%. Despite the dip, the market maintained overall expansion, albeit at a reduced pace.
Small marine engines are used in a range of marine applications, including recreational boating and small commercial vessels. The India small marine engines market has experienced growth, primarily due to the expansion of the country`s marine and boating industry. The demand for reliable and fuel-efficient marine engines has increased as more people engage in recreational boating and fishing activities. Manufacturers are developing small marine engines with improved fuel efficiency, reduced emissions, and enhanced durability to cater to the evolving needs of India marine enthusiasts and small-scale commercial operators.
The India small marine engines market is primarily influenced by the growth in the country`s marine and boating industry. India extensive coastline and numerous water bodies offer substantial opportunities for recreational boating, fishing, and coastal transportation. Small marine engines are crucial for these activities, and their demand is rising steadily. Moreover, the government`s focus on promoting water tourism and the development of coastal infrastructure is further boosting the small marine engine market. Environmental concerns are driving the adoption of cleaner and more efficient engines, resulting in a shift towards technologically advanced small marine engines in India.
Challenges include developing small marine engines with improved fuel efficiency, reduced emissions, and reliability to meet the demands of the marine industry.
The COVID-19 pandemic significantly impacted the India Small Marine Engines market. With restrictions on travel and global trade disruptions, the demand for small marine engines used in fishing vessels, leisure boats, and small cargo ships experienced a decline. Reduced economic activity and travel restrictions led to a slump in boat sales and marine tourism, affecting the market. However, as the situation improved and restrictions eased, the market began to show signs of recovery, particularly as people turned to recreational boating as a safe outdoor activity during the pandemic.
In the small marine engines sector, significant players include Mercury Marine, Yamaha Motor, Honda Marine, Suzuki Marine, and Volvo Penta.
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 Small Marine Engines Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Small Marine Engines Market Revenues & Volume, 2021 & 2031F |
3.3 India Small Marine Engines Market - Industry Life Cycle |
3.4 India Small Marine Engines Market - Porter's Five Forces |
3.5 India Small Marine Engines Market Revenues & Volume Share, By Model, 2021 & 2031F |
3.6 India Small Marine Engines Market Revenues & Volume Share, By Placement, 2021 & 2031F |
3.7 India Small Marine Engines Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Small Marine Engines Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for small marine engines for leisure activities and fishing in India |
4.2.2 Growth in the marine tourism industry in India |
4.2.3 Government initiatives promoting inland waterways transportation in India |
4.3 Market Restraints |
4.3.1 High initial investment cost for small marine engines |
4.3.2 Lack of skilled labor for maintenance and repair of small marine engines in India |
4.3.3 Environmental concerns and regulations related to marine engine emissions |
5 India Small Marine Engines Market Trends |
6 India Small Marine Engines Market, By Types |
6.1 India Small Marine Engines Market, By Model |
6.1.1 Overview and Analysis |
6.1.2 India Small Marine Engines Market Revenues & Volume, By Model, 2021-2031F |
6.1.3 India Small Marine Engines Market Revenues & Volume, By Gasoline, 2021-2031F |
6.1.4 India Small Marine Engines Market Revenues & Volume, By Diesel, 2021-2031F |
6.1.5 India Small Marine Engines Market Revenues & Volume, By Electric, 2021-2031F |
6.2 India Small Marine Engines Market, By Placement |
6.2.1 Overview and Analysis |
6.2.2 India Small Marine Engines Market Revenues & Volume, By Outboard, 2021-2031F |
6.2.3 India Small Marine Engines Market Revenues & Volume, By Inboard, 2021-2031F |
6.3 India Small Marine Engines Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 India Small Marine Engines Market Revenues & Volume, By Recreational Boats, 2021-2031F |
6.3.3 India Small Marine Engines Market Revenues & Volume, By Support Vessels, 2021-2031F |
6.3.4 India Small Marine Engines Market Revenues & Volume, By Coastal Boats, 2021-2031F |
6.3.5 India Small Marine Engines Market Revenues & Volume, By Fishing Boats, 2021-2031F |
7 India Small Marine Engines Market Import-Export Trade Statistics |
7.1 India Small Marine Engines Market Export to Major Countries |
7.2 India Small Marine Engines Market Imports from Major Countries |
8 India Small Marine Engines Market Key Performance Indicators |
8.1 Average utilization rate of small marine engines in India |
8.2 Adoption rate of eco-friendly marine engine technologies in the Indian market |
8.3 Number of new product launches and innovations in the small marine engines segment in India |
9 India Small Marine Engines Market - Opportunity Assessment |
9.1 India Small Marine Engines Market Opportunity Assessment, By Model, 2021 & 2031F |
9.2 India Small Marine Engines Market Opportunity Assessment, By Placement, 2021 & 2031F |
9.3 India Small Marine Engines Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Small Marine Engines Market - Competitive Landscape |
10.1 India Small Marine Engines Market Revenue Share, By Companies, 2024 |
10.2 India Small Marine Engines Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |