India Industrial Engines Market, By Fuel Type, By Power, By End Use, By Region, Competition, Forecast & Opportunities, 2025
|出版日期||内容资讯||英文 76 Pages
|印度的产业用引擎市场:至2025年的预测与市场机会 India Industrial Engines Market, By Fuel Type, By Power, By End Use, By Region, Competition, Forecast & Opportunities, 2025|
|出版日期: 2020年05月01日||内容资讯: 英文 76 Pages||
India 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.
India industrial engines market can be segmented based on fuel type, power, end use and region. Based on end use, the India industrial engines market can be segmented into mining and earth moving equipment, concrete equipment, material handling equipment and others. Out of these, 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, diesel engines segment garnered the largest market share in India 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 India 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 India 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 India 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
Objective of the Study:
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of leading industrial engine manufacturers across the country. 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 could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the product offerings, distribution channels and presence of all major players operating in industrial engines market in India.
TechSci Research calculated India industrial engines market size using a bottom-up approach, where data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as industrial engines manufacturers, suppliers, distributors and other stakeholders. The report would enable the stakeholders in strategizing investments and capitalizing on emerging market opportunities.
In this report, India industrial engines market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Mining and Earth Moving Equipment
Material Handling Equipment
5 - 75 HP
76 - 350 HP
351 - 750 HP
Above 751 HP
Cummins India Limited
JCB India Ltd
Kirloskar Oil Engines Ltd
Mahindra & Mahindra Ltd
Caterpillar India Private Ltd
TATA Motors Ltd
Ashok Leyland Ltd
Perkins Engines Company Limited
VE Commercial Vehicles Limited
Greaves Cotton Limited
Company Profiles: Detailed analysis of the major companies present in India industrial engines market.
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: