India marine engines
market size stood at more than 13 thousand units in volume terms in 2019 and is
forecast to continue growing over the next five years on account of increasing production and repair work of ships as well as
growing export with foreign countries. Moreover, presence of
reputed marine engine manufacturers and merchant shipping companies in India is
also fueling the demand for marine engines in the country.
India marine
engines market can be segmented based on fuel type, power, end use and region.
Based on end use, the India marine engines market can be segmented into auxiliary
and propulsion engines. Among these, in 2019, propulsion type acquired
the largest market share in volume terms on account of increasing sales of
ships, growing demand from crude oil industry and rising international seaborne
trade.
Moreover, increasing seaborne trade activities and governments initiatives
towards revival of inland water transportation system, etc., are expected to fuel
the market for marine engines in India in the coming years. Based on fuel type,
the market can be segmented into diesel, petrol and gas. Out of these, diesel engines
accounted for the largest market share in volume terms in 2019 on account of higher
efficiency in terms of fuel economy and lesser cost than petrol engines. Based
on power, the market is segregated into 5 – 75 HP, 76 – 350 HP, 351 – 750 HP
and above 751 HP. Out of these, 351-750
HP power segment acquired the largest share in India marine engines market in
2019 on account of production of larger ships and boats which require high
power engines.
In terms of
regional analysis, the market has been segmented into North, East, West and
South region. Among these, West
region accounted
for the highest share in India marine engines market due to existence of a large
number of active operational seaports in the country. However, due to the
current economic slowdown and lockdown in entire country due to the spread of Coronavirus,
Indian marine machinery and equipment industry
is experiencing a degrowth at present, which has also directly affected India marine
engines market. `
Major players
operating in India marine engines market include Yanmar Holdings Co., Ltd.,
John Deere India Private Limited, Mahindra & Mahindra Ltd, Simpson &
Co. Ltd. and others which include Wärtsilä India Private Limited, Cummins India
Ltd, Mitsubishi Heavy Industries, Hyundai Heavy Industries, etc.
Years considered for this report:
Historical Years: 2015-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022-2025
Objective of the Study:
·
To
analyze and forecast India marine engines market size.
·
To
classify and forecast India marine engines market based on fuel type, engine
power, end use, and region.
·
To
identify drivers and challenges for India marine engines market.
·
To
examine competitive developments such as expansions, new product launches,
mergers & acquisitions, etc., in India marine engines market.
·
To
conduct pricing analysis for India marine engines market.
·
To
identify and analyze the profile of leading players operating in India marine
engines market.
TechSci Research performed both primary
as well as exhaustive secondary research for this study. Initially, TechSci
Research sourced a list of leading marine 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 marine engines market
in India.
TechSci Research calculated India marine
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:
·
Marine engines manufacturers,
suppliers, distributors and other stakeholders
·
Government bodies such as regulating
authorities and policy makers
·
Organizations, forums and alliances
related to marine engines
·
Market research and consulting firms
The
study is useful in providing answers to several critical questions that are
important for industry stakeholders such as marine engines manufacturers, suppliers,
distributors and other stakeholders. The report would enable the stakeholders
in strategizing investments and capitalizing on emerging market opportunities.
Report
Scope:
In this report, India marine engines
market has been segmented into following categories, in addition to the
industry trends which have also been detailed below:
·
Market, By Fuel
Type:
o Diesel
o Petrol
o Gas
·
Market, By end
use:
o Auxiliary
o Propulsion
·
Market, By Engine
Power:
o
5 – 75 HP
o
76 – 350 HP
o
351 – 750 HP
o
Above 751 HP
·
Market,
by Region:
o
North
o
East
o
West
o
South
Competitive Landscape
o Yanmar Holdings Co., Ltd.
o John Deere India Private Limited
o Mahindra & Mahindra Ltd
o Simpson & Co. Ltd.
o Wärtsilä India Private Limited
o Scania CV India Pvt Ltd
o Volvo Group
o Cummins India Ltd
o Hyundai Heavy Industries
o Mitsubishi Heavy Industries
Company
Profiles: Detailed
analysis of the major companies present in India marine engines market.
Available
Customizations:
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:
Company Information
·
Detailed analysis and profiling of additional market players
(up to five)
In case you don’t find what you are looking for,
please get in touch with our custom research team at sales@techsciresearch.com
In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com