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

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 Years2013-2016

Base Year2017

Estimated Year2018

Forecast Period2019-2023

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.

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

Market insights 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.

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.