India Industrial Engines Market Outlook
Base Year: 2024
Historical Years: 2019-2024
Forecast Years: 2025-2033
Market Size in 2024: USD 4.27 Billion
Market Forecast in 2033: USD 6.28 Billion
Market Growth Rate: 4.36% (2025-2033)
The India industrial engines market size reached USD 4.27 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 6.28 Billion by 2033, exhibiting a growth rate (CAGR) of 4.36% during 2025-2033.
India Industrial Engines Market Trends:
The India industrial engines market is has tremendous growth due to rapid industrialization, modernization of infrastructure, and demand for reliable power. Diesel engines continue to dominate the industrial engine market as they provide long-life and efficiency. Gas engines are also beginning to grow in popularity as many companies are looking for ways to lower their emissions. A few of the biggest growing segments are construction and manufacturing and supported by key government initiatives such as Make in India and investments in smart cities. Along with expanded industrial development, innovation in the IoT and predictive maintenance is enabling organizations to improve operational efficiencies and decrease down time.
The agriculture sector is adopting industrial engines for mechanized farming to further push engine market growth. In general, the focus on sustainability is pushing manufacturers to develop low-emission and fuel efficient engines that satisfy limitations by governments and stricter powers. Also, the rise of rental and leasing facilities for industrial equipment is creating more opportunities for organizations to compete in the market. The competition is becoming fierce with, non only Indian companies developing, but also global manufacturers are investing in studying research and development to develop a wider variety of engines markets. In general, the India industrial engine market will continue to grow due to the large end-user industrial business and the continued change in the preferences of customers and consumers in the market.
For an in-depth analysis, you can refer free sample copy of the report: https://www.imarcgroup.com/india-industrial-engines-market/requestsample
India Industrial Engines Market Scope and Growth Analysis:
The industrial engines market in India is witnessing steady growth, attributed largely to industrialization, infrastructure development and an increase in demand for dependable power solutions across sectors including agriculture, construction and manufacturing. The industrial engines market consists of many types of engines including diesel engines, gas engines and hybrid engines that serve various industrial applications. Government initiatives like "Make in India" and investments in smart cities have created a conducive environment for market escalation, thus inducing demand. The trend toward energy-efficient and low-emission engines fits the need to meet stiffer environmental regulations, thereby encouraging manufacturers to innovate.
In addition, increasing automation and mechanization in industries is causing further demand for high-performing engines, helping the market forward effectively. Ultimately, the expansion of small and medium enterprises (SMEs) and powers plans to electrify rural populations are initiating further opportunities for market momentum. In addition, technological advancements, such as predictive maintenance and IoT-enabled engines, are improving operational efficiencies and encouraging different types of buyers. Foreign investment has also been increasingly entering the market recently and with an effort to achieve sustainable industrial growth and development, the industrial engines market is in a proper position for solid advancements in the next coming years.
India Industrial Engines Market Report Segmentation:
The market report offers a comprehensive analysis of the segments, highlighting those with the largest India Industrial Engines Market share. It includes forecasts for the period 2025-2033 and historical data from 2019-2024 for the following segments.
Fuel Type Insights:
Diesel
Petrol
Gas
Power Insights:
5 - 75 HP
76 - 350 HP
351 - 750 HP
Above 751 HP
End Use Insights:
Agriculture
Construction
Power Generation
Others
Regional Insights:
North India
South India
East India
West India
Competitive Landscape:
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.
Key highlights of the Report:
Recent Industry News
Key Technological Trends & Development
COVID-19 Impact on the Market
Porter’s Five Forces Analysis
Strategic Recommendations
Market Dynamics
Historical, Current and Future Market Trends
Market Drivers and Success Factors
SWOT Analysis
Value Chain Analysis
Comprehensive Mapping of the Competitive Landscape
Top Winning Strategies
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About US:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services.
IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
Contact US:
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