India Engines Market By Size, Share, Growth, and Forecast 2023

Summary

Report Description

India engines market stood at $ 20.7 billion in 2017 and is forecast to reach $ 31.8 billion by 2023 on account of growing demand for automobiles in India. The demand for passenger cars is surging in India owing to increasing per capita income and rising urbanization. Moreover, growth in construction and infrastructure industry is further driving demand for engines used in construction equipment. Additionally, various government initiatives and schemes like “Blue Revolution Deep Sea Fishing Scheme”, “Pradhan Mantri Awaas Yojana”, etc., along with rapid industrialization and commercialization of the economy are other major contributors to the growing engines market in India. Furthermore, developmental programs for agriculture and power generation industries such as ‘National Mission on Agricultural Extension and Technology’ and “Saubhagya Scheme” which aims at providing electricity to all would further aid the growth of India engines market during forecast period.

Years considered for this report:

Historical Years: 2013-2016

Base Year: 2017

Estimated Year: 2018

Forecast Period: 2019-2023

Objective of the Study:

To analyze and forecast India engines market size.
To define, classify and forecast India engines market on the basis of fuel type, application, power rating, region and company.
To scrutinize the detailed market segmentation and forecast the market size, in terms of value, based on region by segmenting India engines market into four regions, namely, North, East, West and South.
To identify drivers and challenges for India engines market.
To evaluate product pricing and trends in India engines market.
To strategically profile leading players operating in India engines market.

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Some of the major players operating in India engines market include Maruti Suzuki India Limited, Mahindra & Mahindra Limited, Tata Motors Limited, Hyundai Motor India Limited, TAFE Motors and Tractors Limited, Cummins India Limited, Kirloskar Oil Engines Limited, Caterpillar India Private Limited, Ashok Leyland Limited and Kubota Corporation.

TechSci Research performed primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of engines manufacturers and suppliers, in India. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research was able to include manufacturers that could not be identified due to the limitations of secondary research. TechSci Research analyzed product offerings, end user, and regional presence of all major engine manufacturing companies across India.

TechSci Research calculated the India engines market size using a bottom-up approach, wherein manufacturers’ value sales data for different engine types was recorded as well as forecast for the future years was made. TechSci Research sourced these values from industry experts and company representatives, and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as white papers and secondary literature on engines market, company annual reports, World Bank, industry magazines, industry reports, news dailies, credible paid databases, etc.

Key Target Audience:

India engine manufacturers, suppliers and end users
Associations, organizations and alliances related to engines market
Government bodies such as regulating authorities and policy makers
Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as engine manufacturers, distributors, dealers and policy makers. The study would also help them in identifying which market segments should be targeted over the coming years in order to strategize investments and capitalize on growth of the market.

Report Scope:

In this report, the India engines market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Market, by Fuel Type:

Diesel
Gasoline/Natural Gas
Others

Market, by Application:

Automotive
Agriculture
Power Generation
Construction Equipment
Marine

Market, by Power:

5 HP – 75 HP
76 HP – 350 HP
351 HP – 750 HP
Above 751 HP

Market, by Region:

North
East
West
South

Market, by Company:

Maruti Suzuki India Limited
Mahindra & Mahindra Limited
Tata Motors Limited
Hyundai Motor India Limited
Others

Competitive Landscape

Competition Benchmarking: Benchmarking of leading 10 players on the basis of rating.

Voice of Customer: Customer Analysis by considering below mentioned parameters- Brand Satisfaction with respect to Product Quality, Pricing, Product Availability and After-Sales Service and Overall Brand Satisfaction.

Company Profiles: Detailed analysis of the major companies operating in India engines market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Channel Partner Analysis

Detailed list of distributors and dealers across the country.

Company Information

Detailed analysis and profiling of additional market players (up to five).

Product Information

Detailed analysis of new products in the market and their driving forces in the market.

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]

Table of content

1. Product Overview

2. Research Methodology

3. Analyst View

4. Voice of Customer

4.1. Brand Satisfaction Level wrt Product Quality

4.2. Brand Satisfaction Level wrt Pricing

4.3. Brand Satisfaction Level wrt Product Availability

4.4. Brand Satisfaction Level wrt After-Sales Support

4.5. Overall Brand Satisfaction

5. India Engines Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.1.2. By Volume

5.2. Market Share & Forecast

5.2.1. By Fuel Type (Diesel, Gasoline/Natural Gas and Others)

5.2.2. By Application (Automotive, Agriculture, Power Generation, Construction Equipment and Marine)

5.2.3. By Power (5 – 75 HP, 76 – 350 HP, 351 – 750 HP and Above 751 HP)

5.2.4. By Region (North, East, West, South)

5.2.5. By Company

5.3. Market Attractiveness Index

5.3.1. By Fuel Type (Diesel, Gasoline/Natural Gas)

5.3.2. By Application (Automotive, Agriculture, Power Generation, Construction Equipment and Marine)

5.3.3. By Power (5 – 75 HP, 76 – 350 HP, 351 – 750 HP and Above 751 HP)

5.3.4. By Region (North, East, West, South)

6. India Automotive Engines Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.1.2. By Volume

6.2. Market Share & Forecast

6.2.1. By End User (Passenger Vehicle, Light Commercial Vehicle, Medium Commercial Vehicle and Heavy Commercial Vehicle)

6.2.2. By Fuel Type (Diesel and Gasoline/Natural Gas)

6.2.3. By Power (5 – 75 HP, 76 – 350 HP, 351 – 750 HP and Above 751 HP)

6.2.4. By Region (North, East, West, South)

6.2.5. By Company

6.3. Market Attractiveness Index

6.3.1. By End User (Passenger Vehicle, Light Commercial Vehicle, Medium Commercial Vehicle and Heavy Commercial Vehicle)

6.3.2. By Fuel Type (Diesel and Gasoline/Natural Gas)

6.3.3. By Region (North, East, West, South)

7. India Agriculture Engines Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.1.2. By Volume

7.2. Market Share & Forecast

7.2.1. By Fuel Type (Diesel and Gasoline/Natural Gas)

7.2.2. By Power (5 – 75 HP, 76 – 350 HP, 351 – 750 HP and Above 751 HP)

7.2.3. By Region (North, East, West, South)

7.2.4. By Company

7.3. Market Attractiveness Index

7.3.1. By Region (North, East, West and South)

8. India Power Generation Engines Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.1.2. By Volume

8.2. Market Share & Forecast

8.2.1. By End User (Industrial, Commercial and Residential)

8.2.2. By Fuel Type (Diesel and Gasoline/Natural Gas)

8.2.3. By Power (5 – 75 HP, 76 – 350 HP, 351 – 750 HP and Above 751 HP)

8.2.4. By Region (North, East, West and South)

8.2.5. By Company

8.3. Market Attractiveness Index

8.3.1. By End User (Industrial, Commercial and Residential)

8.3.2. By Fuel Type (Diesel, Gasoline/Natural Gas)

8.3.3. By Power (5 – 75 HP, 76 – 350 HP, 351 – 750 HP and Above 751 HP)

8.3.4. By Region (North, East, West and South)

9. India Construction Equipment Engines Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.1.2. By Volume

9.2. Market Share & Forecast

9.2.1. By Fuel Type (Diesel and Gasoline/Natural Gas)

9.2.2. By Power (5 – 75 HP, 76 – 350 HP, 351 – 750 HP and Above 751 HP)

9.2.3. By Region (North, East, West and South)

9.2.4. By Company

9.3. Market Attractiveness Index

9.3.1. By Power (5 – 75 HP, 76 – 350 HP, 351 – 750 HP and Above 751 HP)

9.3.2. By Region (North, East, West and South)

10. India Marine Engines Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.1.2. By Volume

10.2. Market Share & Forecast

10.2.1. By Fuel Type (Bunker Fuel and LNG)

10.2.2. By Power (5 – 75 HP, 76 – 350 HP, 351 – 750 HP and Above 751 HP)

10.2.3. By Region (North, East, West, South)

10.3. Market Attractiveness Index

10.3.1. By Power (5 – 75 HP, 76 – 350 HP, 351 – 750 HP and Above 751 HP)

10.3.2. By Region (North, East, West, South)

11. Trade Dynamics

12. Market Dynamics

12.1. Drivers

12.2. Challenges

12.3. Porter’s Five Forces Analysis

13. Market Trends & Developments

14. Policy & Regulatory Landscape

15. India Economic Profile

16. Competitive Landscape

16.1. Competition Benchmarking

16.2. Company Profiles

16.2.1. Maruti Suzuki India Limited

16.2.2. Mahindra & Mahindra Limited

16.2.3. Tata Motors Limited

16.2.4. Hyundai Motor India Limited

16.2.5. TAFE Motors and Tractors Limited (TMTL)

16.2.6. Cummins India Limited

16.2.7. Kirloskar Oil Engines Limited

16.2.8. Caterpillar India Private Limited

16.2.9. Ashok Leyland Limited

16.2.10. Kubota Corporation

17. Strategic Recommendations

Figures and Tables

List of Figures

Figure 1: India Engines Market Size, By Value (USD Million) & Volume (Thousand Units), 2013-2023F

Figure 2 : Hatchback Sales in India, 2013–2019E (Million Units)

Figure 3 : India Engines Market Share, By Fuel Type, By Value, 2018 & 2023F

Figure 4 : India Engines Market Share, By Application, By Value, 2013-2023F

Figure 5 : India Engines Market Share, By Power, By Value, 2018 & 2023F

Figure 6 : India Engines Market Share, By Region, By Value, 2018 & 2023F

Figure 7 : India Engines Market Share, By Company, By Value, 2018

Figure 8 : India Engines Market Attractiveness Index, By Fuel Type, By Value, 2019E-2023F

Figure 9 : India Engines Market Attractiveness Index, By Application, By Value, 2019E-2023F

Figure 10: India Engines Market Attractiveness Index, By Power, By Value, 2019E-2023F

Figure 11: India Engines Market Attractiveness Index, By Region, By Value, 2019E-2023F

Figure 12: India Automotive Engines Market Size, By Value (USD Million) & Volume (Thousand Units), 2013-2023F

Figure 13: India Automotive Engines Market Share, By End User, By Value, 2018 & 2023F

Figure 14: India Automotive Engines Market Share, By Fuel Type, By Value, 2018 & 2023F

Figure 15: India Road Development, By Length, 2017 & 2018 (Km)

Figure 16: India Automotive Engines Market Share, By Power, By Value, 2018 & 2023F

Figure 17: India Automotive Engines Market Share, By Region, By Value, 2018 & 2023F

Figure 18: India Automotive Engines Market Share, By Company, By Value, 2018

Figure 19: India Automotive Engines Market Attractiveness Index, By End User, By Value, 2019E-2023F

Figure 20: India Automotive Engines Market Attractiveness Index, By Fuel Type, By Value, 2019E-2023F

Figure 21: India Automotive Engines Market Attractiveness Index, By Region, By Value, 2019E-2023F

Figure 22: India Agriculture Engines Market Size, By Value (USD Million) & Volume (Thousand Units), 2013-2023F

Figure 23: India Agriculture Share in GDP, 2012-2016

Figure 24: India Tractors Production and Sales, 2013-2018E (Thousand Units)

Figure 25: India Agriculture Engines Market Share, By Fuel Type, By Value, 2018 & 2023F

Figure 26: India Agriculture Engines Market Share, By Power, By Value, 2018 & 2023F

Figure 27: India Manufacturing Sector Contribution to GDP, 2012-2017 (%)

Figure 28: India Agriculture Engines Market Share, By Region, By Value, 2018 & 2023F

Figure 29: India Agriculture Engines Market Share, By Company, By Value, 2018

Figure 30: India Agriculture Engines Market Attractiveness Index, By Region, By Value, 2019E-2023F

Figure 31: India Power Generation Engines Market Size, By Value (USD Million) & Volume (Thousand Units), 2013-2023F

Figure 32: India Power Generation Engines Market Share, By End User, By Value, 2018 & 2023F

Figure 33: India Total Power Transmission System Capacity, By Rating, As of April 2017 (MVA)

Figure 34: India Total Installed Power Capacity, By Sector, December 2017

Figure 35: India Power Generation Engines Market Share, By Fuel Type, By Value, 2018 & 2023F

Figure 36: India Installed Capacity of Electricity, By Region, As on 31st March 2017

Figure 37: India Power Generation Engines Market Share, By Power, By Value, 2018 & 2023F

Figure 38: India Power Generation Engines Market Share, By Region, By Value, 2018 & 2023F

Figure 39: India Power Generation Engines Market Share, By Company, By Value, 2018

Figure 40: India Power Generation Engines Market Attractiveness Index, By End User, By Value, 2019E-2023F

Figure 41: India Power Generation Engines Market Attractiveness Index, By Fuel Type, By Value, 2019E-2023F

Figure 42: India Power Generation Engines Market Attractiveness Index, By Power, By Value, 2019E-2023F

Figure 43: India Power Generation Engines Market Attractiveness Index, By Region, By Value, 2019E-2023F

Figure 44: India Construction Equipment Engines Market Size, By Value (USD Million) & Volume (Thousand Units), 2013-2023F

Figure 45: India Construction Equipment Engines Market Share, By Fuel Type, By Value, 2018 & 2023F

Figure 46: India Construction Equipment Engines Market Share, By Power, By Value, 2018 & 2023F

Figure 47: Urban Cities Proposed Under Housing for All Initiative in India, By Phase, As of 2017

Figure 48: India Private Equity Investments in Retail Sector, 2017 & 2020F (USD Million)

Figure 49: India Construction Equipment Engines Market Share, By Region, By Value, 2018 & 2023F

Figure 50: India Construction Equipment Engines Market Share, By Company, By Value, 2018

Figure 51: India Construction Equipment Engines Market Attractiveness Index, By Power, By Value, 2019E-2023F

Figure 52: India Construction Equipment Engines Market Attractiveness Index, By Region, By Value, 2019E-2023F

Figure 53: India Marine Engines Market Size, By Value (USD Million) & Volume (Thousand Units), 2013-2023F

Figure 54: India Marine Engines Market Share, By Fuel Type, By Value, 2018 & 2023F

Figure 55: India Marine Engines Market Share, By Power, By Value, 2018 & 2023F

Figure 56: India Marine Engines Market Share, By Region, By Value, 2018 & 2023F

Figure 57: India Marine Engines Market Attractiveness Index, By Power, By Value, 2019E-2023F

Figure 58: India Marine Engines Market Attractiveness Index, By Region, By Value, 2019E-2023F

Figure 59: India Engines Trade Statistics, By Value, 2013-2018 (USD Million) (HS Code: 8408)

List of Tables

Table 1: India Annual Percentage Change in Macroeconomic Indicators, 2015-2018E

Table 2: India Passenger Cars Domestic Sales, By Company, 2017 & 2018, (Million units)

Table 3: India Diesel Genset Production, By Operating Segment, By Volume, 2013 & 2018E (Thousand Units)

Table 4: Status of Projects under Sagarmala Programme, By Value (USD Million), As on 31st March 2018

Table 5: India Automobile Production Trend, By Vehicle Category, 2013–2018 (Million Units)

Table 6: India Automobile Domestic Sales Trend, By Vehicle Category, 2013–2018 (Million Units)

Table 7: India Allocation of Funds, By Project, 2017-2019F (USD Million)

Table 8: Projected Investment in India (Under Municipalika Smart & Sustainable Cities 2017) (USD Billion)

Table 9: India Electricity Generation and Consumption Statistics, As of March 2017

Table 10: India Installed Electricity Generating Capacity in Utilities, 2010-2017

Table 11: India Upcoming and Ongoing Metro Projects, By Track Length, By Completion Year

Table 12: India Release of Funds under Smart City Mission, By Major State/UT, As of 2017 (USD Million)

Table 13: Dimensions & Speed of Vessels, By Vessel Size (Capacity in DWT)

Table 14: Capacity Expansion of Existing Major Ports in India, By Value (USD Million), 2016-2035F

Frequently asked questions

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Parvati Sharma

Account Manager BD

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Press Release

India Engines Market to Cross $ 31 Billion by 2023

Dec, 2018

Rapidly increasing automobile sales along with growth in agriculture and power generation sectors backed by favorable government initiatives to boost demand for engines in India through 2023

India Engines Market By Fuel Type (Diesel, Gasoline/Natural, etc), By Application (Automotive, Agriculture, Power Generation, Construction Equipment & Marine), By Power (5-7HP, 76-350HP, 351-750HP & >751HP), Competition Forecast & Opportunities, 2023

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