Product Code: ETC295764 | Publication Date: Aug 2023 | Updated Date: Feb 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
India Internal Combustion Engine market currently, in 2023, has witnessed an HHI of 1370, Which has decreased slightly as compared to the HHI of 1461 in 2017. The market is moving towards highly competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The India internal combustion engine market is experiencing steady growth, driven by the demand for power generation, transportation, and industrial applications. Key players in this market offer a wide range of internal combustion engines, including diesel engines, gasoline engines, and natural gas engines, to cater to the diverse needs of different sectors. As India continues to invest in infrastructure development and industrialization, the demand for reliable and efficient internal combustion engines is increasing. Additionally, the focus on emissions reduction and fuel efficiency is driving the development of advanced and environmentally-friendly internal combustion engines in the India market.
The India internal combustion engine market is expected to witness steady growth, primarily driven by the automotive sector`s expansion. The demand for internal combustion engines in vehicles and power equipment is propelling market growth. Additionally, government regulations to curb emissions and promote fuel efficiency are significant drivers in this market. The need for reliable and cost-effective power sources in various applications also contributes to the demand for internal combustion engines in India.
The internal combustion engine market faces challenges related to emissions reduction and compliance with stringent emission norms. Manufacturers must focus on developing eco-friendly engines and exploring alternative powertrain technologies to align with sustainable practices.
The pandemic led to fluctuations in demand for internal combustion engines in different industries. However, as industrial activities recover, the market for internal combustion engines is expected to stabilize.
The India internal combustion engine market is primarily dominated by multinational manufacturers that offer a wide range of engines for automotive, industrial, and power generation applications. Some of the key players in this market include Mahindra & Mahindra Limited, Tata Motors Limited, and Ashok Leyland Limited. These companies produce internal combustion engines with varying power outputs, meeting the diverse requirements of vehicles and machinery in India. Additionally, global engine manufacturers like Cummins Inc. and Caterpillar Inc. also have a significant presence in the India market, providing advanced and fuel-efficient engines for various industries. Key players in this market are focusing on research and development, introducing BS-VI compliant engines, and exploring alternative fuel options to meet the evolving emission norms and sustainability goals.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Internal Combustion Engine Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Internal Combustion Engine Market Revenues & Volume, 2021 & 2031F |
3.3 India Internal Combustion Engine Market - Industry Life Cycle |
3.4 India Internal Combustion Engine Market - Porter's Five Forces |
3.5 India Internal Combustion Engine Market Revenues & Volume Share, By Fuel, 2021 & 2031F |
3.6 India Internal Combustion Engine Market Revenues & Volume Share, By End-use, 2021 & 2031F |
4 India Internal Combustion Engine Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Internal Combustion Engine Market Trends |
6 India Internal Combustion Engine Market, By Types |
6.1 India Internal Combustion Engine Market, By Fuel |
6.1.1 Overview and Analysis |
6.1.2 India Internal Combustion Engine Market Revenues & Volume, By Fuel, 2021-2031F |
6.1.3 India Internal Combustion Engine Market Revenues & Volume, By Petroleum, 2021-2031F |
6.1.4 India Internal Combustion Engine Market Revenues & Volume, By Natural Gas, 2021-2031F |
6.2 India Internal Combustion Engine Market, By End-use |
6.2.1 Overview and Analysis |
6.2.2 India Internal Combustion Engine Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.3 India Internal Combustion Engine Market Revenues & Volume, By Marine, 2021-2031F |
6.2.4 India Internal Combustion Engine Market Revenues & Volume, By Aircraft, 2021-2031F |
7 India Internal Combustion Engine Market Import-Export Trade Statistics |
7.1 India Internal Combustion Engine Market Export to Major Countries |
7.2 India Internal Combustion Engine Market Imports from Major Countries |
8 India Internal Combustion Engine Market Key Performance Indicators |
9 India Internal Combustion Engine Market - Opportunity Assessment |
9.1 India Internal Combustion Engine Market Opportunity Assessment, By Fuel, 2021 & 2031F |
9.2 India Internal Combustion Engine Market Opportunity Assessment, By End-use, 2021 & 2031F |
10 India Internal Combustion Engine Market - Competitive Landscape |
10.1 India Internal Combustion Engine Market Revenue Share, By Companies, 2024 |
10.2 India Internal Combustion Engine Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |