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India Marine Engines Market, By Fuel Type (Diesel, Petrol, Gas), By Power (5 - 75 HP, 76 - 350 HP, 351 - 750 HP, and Above 751 HP), By End Use (Auxiliary & Propulsion), By Region, Competition, Forecast & Opportunities, 2026

  • ID: 5031371
  • Report
  • May 2020
  • Region: India
  • 71 pages
  • TechSci Research
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The Indian Marine Engines Market Size Stood at More Than 13 Thousand Units in Volume Terms in 2019.

FEATURED COMPANIES

  • Cummins India Ltd
  • Hyundai Heavy Industries
  • Mahindra & Mahindra Ltd
  • Scania CV India Pvt Ltd
  • Simpson & Co. Ltd.
  • Volvo Group
  • MORE
The Indian 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.

The Indian Marine Engines Market can be segmented based on fuel type, power, end-use and region. Based on end-use, the Indian 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 the Indian 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 the Indian 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 the Indian 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 the Indian Marine Engines Market size.
  • To classify and forecast the Indian Marine Engines Market based on fuel type, engine power, end-use, and region.
  • To identify drivers and challenges for the Indian Marine Engines Market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Indian Marine Engines Market.
  • To conduct pricing analysis for the Indian Marine Engines Market.
  • To identify and analyze the profile of leading players operating in the Indian Marine Engines Market.
The author performed both primary as well as exhaustive secondary research for this study. Initially, researchers sourced a list of leading marine engine manufacturers across the country. Subsequently, researchers conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, researchers could include the manufacturers which could not be identified due to the limitations of secondary research. The author analyzed the product offerings, distribution channels and presence of all major players operating in marine engines market in India.

The author calculated the Indian Marine Engines Market size by using a bottom-up approach, where data for various end-user segments was recorded and forecast for the future years. The author 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.

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 the 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 the market opportunities.

Report Scope:
In this report, the Indian 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:
  • Diesel
  • Petrol
  • Gas
Market, By End-use:
  • Auxiliary
  • Propulsion
Market, By Engine Power:
  • 5 – 75 HP
  • 76 – 350 HP
  • 351 – 750 HP
  • Above 751 HP
Market, by Region:
  • North
  • East
  • West
  • South
Competitive Landscape
  • Yanmar Holdings Co., Ltd.
  • John Deere India Private Limited
  • Mahindra & Mahindra Ltd
  • Simpson & Co. Ltd.
  • Wärtsilä India Private Limited
  • Scania CV India Pvt Ltd
  • Volvo Group
  • Cummins India Ltd
  • Hyundai Heavy Industries
  • Mitsubishi Heavy Industries
Company Profiles: Detailed analysis of the major companies present in the Indian Marine Engines Market.

Available Customizations:
With the given market data, the author offers customizations according to a client’s specific needs.

This report is 80% complete and can be delivered within three working days post order confirmation and will include the latest impact analysis of Covid-19 in 2020 and forecast. If you buy the ‘Multi-user’ License of this report before June 2020, you will get a free update in form of market data excel sheet within 3 to 6 months of your purchase on request.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Cummins India Ltd
  • Hyundai Heavy Industries
  • Mahindra & Mahindra Ltd
  • Scania CV India Pvt Ltd
  • Simpson & Co. Ltd.
  • Volvo Group
  • MORE
1. Product Overview

2. Research Methodology

3. Impact of COVID-19 on India Marine Engines Market

4. Executive Summary

5. Voice of Customer
5.1. Brand Awareness
5.2. Brand Recall
5.3. Overall Brand Satisfaction
5.3.1. Product Quality
5.3.2. Pricing
5.3.3. Product Availability
5.3.4. After-Sales Support
5.4. Challenges/Unmet Needs

6. India Marine Engines Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.1.2. By Volume
6.2. Market Share & Forecast (Volume)
6.2.1. By Fuel Type (Diesel, Petrol, Gas)
6.2.2. By Power (5 – 75 HP, 76 – 350 HP, 351 – 750 HP, and Above 751 HP)
6.2.3. By End Use (Propulsion vs Auxiliary)
6.2.4. By Region (North, East, West, South)
6.2.5. By Company (2019)
6.3. Product Market Map

7. India Propulsion Marine Engines Market Outlook (Volume)
7.1. Market Size & Forecast
7.1.1. By Value
7.1.2. By Volume
7.2. Market Share & Forecast
7.2.1. By Fuel Type
7.2.2. By Power
7.2.3. By Region

8. India Auxiliary Marine Engines Market Outlook (Volume)
8.1. Market Size & Forecast
8.1.1. By Value
8.1.2. By Volume
8.2. Market Share & Forecast
8.2.1. By Fuel Type
8.2.2. By Power
8.2.3. By Application (Gensets, Dewatering Pumps, Winches, Others)
8.2.4. By Region

9. Market Dynamics
9.1. Drivers
9.2. Challenges

10. Market Trends & Developments

11. Policy & Regulatory Landscape

12. Import-Export Analysis

13. Pricing Analysis

14. India Economic Profile

15. Competitive Landscape
15.1. Competition Outlook
15.2. Company Profiles
15.2.1. Yanmar Holdings Co., Ltd.
15.2.2. John Deere India Private Limited
15.2.3. Mahindra & Mahindra Ltd
15.2.4. Simpson & Co. Ltd.
15.2.5. Wärtsilä India Private Limited
15.2.6. Scania CV India Pvt Ltd
15.2.7. Volvo Group
15.2.8. Cummins India Ltd
15.2.9. Hyundai Heavy Industries
15.2.10. Mitsubishi Heavy Industries

16. Strategic Recommendations
Note: Product cover images may vary from those shown
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  • Yanmar Holdings Co., Ltd.
  • John Deere India Private Limited
  • Mahindra & Mahindra Ltd
  • Simpson & Co. Ltd.
  • Wärtsilä India Private Limited
  • Scania CV India Pvt Ltd
  • Volvo Group
  • Cummins India Ltd
  • Hyundai Heavy Industries
  • Mitsubishi Heavy Industries
Note: Product cover images may vary from those shown
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