DUBLIN--(BUSINESS WIRE)--The "India Industrial Engines Market, By Fuel Type (Diesel, Petrol, Gas), By Power (5 - 75 HP, 76 - 350 HP, 351 - 750 HP, and Above 751 HP), By End Use (Mining and Earth Moving Equipment, Concrete Equipment, Others), By Region, Competition, Forecast & Opportunities, 2025" report has been added to ResearchAndMarkets.com's offering.
The Indian Industrial Engines Market grew at a CAGR of around 10% over the last five years on account of increasing government funding in various infrastructure projects coupled with rising industrial mechanization rate in the country.
Moreover, existence of reputed industrial equipment and machinery manufacturers as well as industrial engine manufacturers in India is further anticipated to positively influence the market growth through 2025.
The Indian Industrial Engines Market can be segmented based on fuel type, power, end-use and region. Based on end-use, the Indian Industrial Engines Market can be segmented into mining and earth moving equipment, concrete equipment, material handling equipment and others. Out of these, the mining and earth moving equipment engine segment was the largest segment by volume in 2019 and is expected to dominate the market during the forecast period on account of heavy load carrying and transportation capability of these engines, coupled with extensive usage for various industrial applications.
Moreover, increasing consumer preference for heavy load carrying capacity, high torque and low fuel consumption, etc., are anticipated to fuel the demand for such industrial engines in India.
Based on fuel type, the market can be segmented into diesel, petrol and gas. Among these, the diesel engines segment garnered the largest market share in the Indian Industrial Engines Market in 2019 and are expected to hold its dominance during the forecast period as well owing to their ability to generate high torque, lower price and availability across various fuel stations in India. Construction work requires high engine power, consequently, 76-350 HP power segment grabbed the largest share based on engine power in 2019, followed by 5-75 HP power segment in the Indian Industrial Engines Market.
In terms of regional analysis, the market has been segmented into North, East, West and South regions. South region accounted for the largest share in the Indian Industrial Engines Market, due to existence of major industrial engine manufacturers in the market such as Cummins India Private Limited, JCB India Limited, Kirloskar Oil Engines Limited, etc.
Moreover, rapid industrialization in the Western India is expected to boost the industrial engines market over the coming years. However, the market growth might get hampered by the current coronavirus pandemic, which has significantly slowed down the country's economy.
Major players operating in the Indian Industrial Engines Market include Mahindra & Mahindra Limited, Cummins India Limited, Kirloskar Oil Engines Limited, Caterpillar India Private Ltd and others, which includes players such as TATA Motors Ltd, Ashok Leyland Ltd, Perkins Engines Company Limited, Greaves Cotton Limited, etc.
The players operating in the market are investing in innovations and adopting modern technologies to lure more customers. Moreover, strategic moves such as mergers and collaborations are also helping the key players to expand their customer base and strengthen their sales & distribution networks.
Years considered for this report:
- Historical Years: 2015-2019
- Base Year: 2020
- Estimated Year: 2021
- Forecast Period: 2022-2025
Key Topics Covered:
1. Product Overview
2. Research Methodology
3. Impact of COVID-19 on India Industrial Engines Market
4. Executive Summary
5. Voice of Customer
5.1. Brand Awareness
5.2. Brand Recall
5.3. Overall Brand Satisfaction
5.3.1. Product Quality
5.3.2. Pricing
5.3.3. Product Availability
5.3.4. After-Sales Support
5.4. Challenges/Unmet Needs
6. India Industrial Engines Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.1.2. By Volume
6.2. Market Share & Forecast (Volume)
6.2.1. By Fuel Type (Diesel, Petrol, Gas)
6.2.2. By Power (5 - 75 HP, 76 - 350 HP, 351 - 750 HP, and Above 751 HP)
6.2.3. By End Use (Mining and Earth Moving Equipment, Concrete Equipment, Material Handling Equipment, Others)
6.2.4. By Region (North, East, West, South)
6.2.5. By Company (2019)
6.3. Product Market Map
7. India Industrial Diesel Engines Market Outlook (Volume)
7.1. Market Size & Forecast
7.1.1. By Value
7.1.2. By Volume
7.2. Market Share & Forecast
7.2.1. By Power
7.2.2. By End Use
7.2.3. By Region
8. India Industrial Petrol Engines Market Outlook (Volume)
9. India Industrial Gas Engines Market Outlook (Volume)
10. Market Dynamics
10.1. Drivers
10.2. Challenges
11. Market Trends & Developments
12. Policy & Regulatory Landscape
13. Export - Import Analysis
14. Pricing Analysis
15. India Economic Profile
16. Competitive Landscape
16.1. Competition Outlook
16.2. Company Profiles
16.2.1. Cummins India Limited
16.2.2. JCB India Ltd
16.2.3. Kirloskar Oil Engines Ltd
16.2.4. Mahindra & Mahindra Ltd
16.2.5. Caterpillar India Private Ltd
16.2.6. TATA Motors Ltd
16.2.7. Ashok Leyland Ltd
16.2.8. Perkins Engines Company Limited
16.2.9. VE Commercial Vehicles Limited
16.2.10. Greaves Cotton Limited
17. Strategic Recommendations
For more information about this report visit https://www.researchandmarkets.com/r/snp8zc
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