Product Code: ETC022424 | Publication Date: Jun 2023 | Updated Date: Jan 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The India Internal Combustion Engines Market is projected to reach USD 8.3 billion by 2026, growing at a CAGR of 7.6% during the forecast period (2020-2026). The growth of the market can be attributed to increasing demand for vehicles, rising adoption of modern combustion engines and their components in automotive industry mainly for passenger cars, and stringent government regulations regarding fuel efficiency standards in India. Moreover, various initiatives taken by the government such as ?Make in India? campaign and 100% FDI have also propelled investments from global entities into Indian automobile sector which will further drive the market growth over the forecast period.
1. Growing Demand for Vehicles ? Increasing population coupled with rising purchasing power has led to an upsurge in demand for vehicles especially two wheelers and four wheelers among middle class population driving internal combustion engine market growth. Furthermore, increased urbanization has resulted in new infrastructure development thereby boosting transportation needs across different sectors such as logistics & freight services, thus creating huge opportunities for internal combustion engine manufacturers.
2. Rising Adoption of Modern Combustion Engines - Improvement in technology due to advancements like electronic fuel injection system are expected to lead innovation in product designs which will serve as drivers propelling IC engine market size over forecast period together with increasing investment by automakers on research & development activities contributing towards improved performance features leading to higher sales volume generation worldwide .
3 Stringent Government Regulations Regarding Fuel Efficiency Standards ? Various mandates issued by governments globally including India mandating minimum targets set out under emission norms that need to be achieved through improvement of vehicle fuel efficiency have provided significant impetus towards adoption of high performing IC engines hence bolstering its demand across automotive segment
1 High Cost Involved In R&D Activities ? High cost associated with research & development activities required for launching technologically advanced products along with intricate production process involved leads manufacturers facing financial constraints hampering their ability to develop sophisticated IC engines resulting into stagnation or decline within respective market segments .
2 Increasing Electric Vehicle Production? With numerous technological advances taking place within electric vehicle segment & massive promotional campaigns conducted by governments encouraging eco friendly solutions , there has been gradual shift amongst consumers preference from gasoline powered automobiles towards EVs posing challenges ahead vis-?-vis achieving desired revenues projections primarily owing lack of presence within latter domain .
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 Engines Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Internal Combustion Engines Market Revenues & Volume, 2020 & 2030F |
3.3 India Internal Combustion Engines Market - Industry Life Cycle |
3.4 India Internal Combustion Engines Market - Porter's Five Forces |
3.5 India Internal Combustion Engines Market Revenues & Volume Share, By Fuel, 2020 & 2030F |
3.6 India Internal Combustion Engines Market Revenues & Volume Share, By End-Users, 2020 & 2030F |
4 India Internal Combustion Engines Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Internal Combustion Engines Market Trends |
6 India Internal Combustion Engines Market, By Types |
6.1 India Internal Combustion Engines Market, By Fuel |
6.1.1 Overview and Analysis |
6.1.2 India Internal Combustion Engines Market Revenues & Volume, By Fuel, 2020-2030F |
6.1.3 India Internal Combustion Engines Market Revenues & Volume, By Petroleum, 2020-2030F |
6.1.4 India Internal Combustion Engines Market Revenues & Volume, By Natural Gas, 2020-2030F |
6.2 India Internal Combustion Engines Market, By End-Users |
6.2.1 Overview and Analysis |
6.2.2 India Internal Combustion Engines Market Revenues & Volume, By Automotive, 2020-2030F |
6.2.3 India Internal Combustion Engines Market Revenues & Volume, By Aircraft, 2020-2030F |
6.2.4 India Internal Combustion Engines Market Revenues & Volume, By Marine, 2020-2030F |
7 India Internal Combustion Engines Market Import-Export Trade Statistics |
7.1 India Internal Combustion Engines Market Export to Major Countries |
7.2 India Internal Combustion Engines Market Imports from Major Countries |
8 India Internal Combustion Engines Market Key Performance Indicators |
9 India Internal Combustion Engines Market - Opportunity Assessment |
9.1 India Internal Combustion Engines Market Opportunity Assessment, By Fuel, 2020 & 2030F |
9.2 India Internal Combustion Engines Market Opportunity Assessment, By End-Users, 2020 & 2030F |
10 India Internal Combustion Engines Market - Competitive Landscape |
10.1 India Internal Combustion Engines Market Revenue Share, By Companies, 2023 |
10.2 India Internal Combustion Engines Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |