Market Overview:
The global industrial engines market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for industrial engines from various end-use industries such as agriculture, construction, power generation, mining industry, oil & gas and rail & transportation. Additionally, the growing demand for electric vehicles is also anticipated to fuel the growth of this market in the coming years. On basis of type, diesel engines are expected to dominate the global industrial engines market during 2018-2030 owing to their high efficiency and low emissions as compared with gasoline engines.
Product Definition:
Industrial engines are machines that convert energy into useful mechanical or electrical power. The most common industrial engine is the internal combustion engine, which burns a fuel such as gasoline or diesel fuel to produce power. Industrial engines are used in a wide variety of applications, including vehicles, construction equipment, and generators.
Diesel Engines:
Diesel engines are the most commonly used type of internal combustion engine. They are primarily used for power generation in two ways, namely to provide energy to drive a vehicle and as a backup source of power in case of an electrical failure or loss of grid electricity. The diesel engine has been around since the late 19th century and has evolved considerably over time with several advancements being made in terms of technology, design, fuel types etc.
Gasoline Engines:
Gasoline engines are internal combustion engines that run on gasoline or diesel. They are primarily used in automobiles and industrial engines. The primary difference between the two is that automobiles use gasoline, whereas industrial uses diesel.
Application Insights:
The construction industry was the largest application segment in 2017 and is expected to witness significant growth over the forecast period. The growth can be attributed to increasing infrastructure spending in emerging economies across the globe. For instance, according to a study by Oxford Economics, China plans to invest USD 142 billion in 2018¢â‚¬â€œ19 on key infrastructure projects alone. This is expected to boost product demand globally during this period of time.
The mining industry requires large quantities of diesel and gasoline engines for various operations such as crushing & pulverizing stones, mineral processing plants among others.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing strong economic growth on account of rapid industrialization and urbanization. China, India, Japan, South Korea, Taiwan are some of the prominent economies that form APAC. In terms of revenue share, China accounted for a major chunk in 2017 owing to presence of numerous manufacturing industries across various sectors such as automotive & transportation equipment; machinery; electronics & electrical equipment; construction materials etc.
The European market was valued at USD X billion in 2017 and is projected to witness steady growth over the forecast period owing to increasing demand from countries such as Germany; France; Italy among others for heavy-duty diesel engines used in power generation applications are likely to drive regional growth over next eight years.
Growth Factors:
- Increasing demand for industrial engines from the transportation sector as a result of the growth in global trade and increasing urbanization.
- The increasing demand for electric vehicles is expected to drive the market for industrial engines during the forecast period.
- Stringent emission norms by regulatory authorities are expected to propel the market for advanced industrial engines with low emissions over the forecast period.
- Growing demand from end-use industries such as oil & gas, mining, and construction is anticipated to boost growth of the industrial engine market during the forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Engines Market Research Report
By Type
Diesel Engines, Gasoline Engines
By Application
Agriculture, Construction, Power Generation, Mining Industry, Oil & Gas, Rail & Transportation, Others
By Companies
Caterpillar, Yanmar, John Deere, Weichai, Cummins, DEUTZ, Yuchai, Kubota, Isuzu, Kohler Power, FTP Industrial, Volvo Penta, MAN, Toyota Industries, Power Solutions International (PSI)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Engines Market Report Segments:
The global Industrial Engines market is segmented on the basis of:
Types
Diesel Engines, Gasoline Engines
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Agriculture, Construction, Power Generation, Mining Industry, Oil & Gas, Rail & Transportation, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Caterpillar
- Yanmar
- John Deere
- Weichai
- Cummins
- DEUTZ
- Yuchai
- Kubota
- Isuzu
- Kohler Power
- FTP Industrial
- Volvo Penta
- MAN
- Toyota Industries
- Power Solutions International (PSI)
Highlights of The Industrial Engines Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Diesel Engines
- Gasoline Engines
- By Application:
- Agriculture
- Construction
- Power Generation
- Mining Industry
- Oil & Gas
- Rail & Transportation
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Industrial Engines Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Industrial engines are used in factories, mills, and other industrial settings to produce power. They are typically larger and more powerful than gasoline or diesel engines.
Some of the key players operating in the industrial engines market are Caterpillar, Yanmar, John Deere, Weichai, Cummins, DEUTZ, Yuchai, Kubota, Isuzu, Kohler Power, FTP Industrial, Volvo Penta, MAN, Toyota Industries, Power Solutions International (PSI).
The industrial engines market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Industrial Engines Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Industrial Engines Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Industrial Engines Market - Supply Chain
4.5. Global Industrial Engines Market Forecast
4.5.1. Industrial Engines Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Industrial Engines Market Size (000 Units) and Y-o-Y Growth
4.5.3. Industrial Engines Market Absolute $ Opportunity
5. Global Industrial Engines Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Industrial Engines Market Size and Volume Forecast by Type
5.3.1. Diesel Engines
5.3.2. Gasoline Engines
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Industrial Engines Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Industrial Engines Market Size and Volume Forecast by Application
6.3.1. Agriculture
6.3.2. Construction
6.3.3. Power Generation
6.3.4. Mining Industry
6.3.5. Oil & Gas
6.3.6. Rail & Transportation
6.3.7. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Industrial Engines Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Industrial Engines Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Industrial Engines Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Industrial Engines Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Industrial Engines Demand Share Forecast, 2019-2026
9. North America Industrial Engines Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Industrial Engines Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Industrial Engines Market Size and Volume Forecast by Application
9.4.1. Agriculture
9.4.2. Construction
9.4.3. Power Generation
9.4.4. Mining Industry
9.4.5. Oil & Gas
9.4.6. Rail & Transportation
9.4.7. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Industrial Engines Market Size and Volume Forecast by Type
9.7.1. Diesel Engines
9.7.2. Gasoline Engines
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Industrial Engines Demand Share Forecast, 2019-2026
10. Latin America Industrial Engines Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Industrial Engines Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Industrial Engines Market Size and Volume Forecast by Application
10.4.1. Agriculture
10.4.2. Construction
10.4.3. Power Generation
10.4.4. Mining Industry
10.4.5. Oil & Gas
10.4.6. Rail & Transportation
10.4.7. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Industrial Engines Market Size and Volume Forecast by Type
10.7.1. Diesel Engines
10.7.2. Gasoline Engines
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Industrial Engines Demand Share Forecast, 2019-2026
11. Europe Industrial Engines Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Industrial Engines Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Industrial Engines Market Size and Volume Forecast by Application
11.4.1. Agriculture
11.4.2. Construction
11.4.3. Power Generation
11.4.4. Mining Industry
11.4.5. Oil & Gas
11.4.6. Rail & Transportation
11.4.7. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Industrial Engines Market Size and Volume Forecast by Type
11.7.1. Diesel Engines
11.7.2. Gasoline Engine
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Industrial Engines Demand Share, 2019-2026
12. Asia Pacific Industrial Engines Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Industrial Engines Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Industrial Engines Market Size and Volume Forecast by Application
12.4.1. Agriculture
12.4.2. Construction
12.4.3. Power Generation
12.4.4. Mining Industry
12.4.5. Oil & Gas
12.4.6. Rail & Transportation
12.4.7. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Industrial Engines Market Size and Volume Forecast by Type
12.7.1. Diesel Engines
12.7.2. Gasoline Engines
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Industrial Engines Demand Share, 2019-2026
13. Middle East & Africa Industrial Engines Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Industrial Engines Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Industrial Engines Market Size and Volume Forecast by Application
13.4.1. Agriculture
13.4.2. Construction
13.4.3. Power Generation
13.4.4. Mining Industry
13.4.5. Oil & Gas
13.4.6. Rail & Transportation
13.4.7. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Industrial Engines Market Size and Volume Forecast by Type
13.7.1. Diesel Engines
13.7.2. Gasoline Engines
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Industrial Engines Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Industrial Engines Market: Market Share Analysis
14.2. Industrial Engines Distributors and Customers
14.3. Industrial Engines Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Caterpillar
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Yanmar
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. John Deere
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Weichai
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Cummins
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. DEUTZ
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Yuchai
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Kubota
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Isuzu
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Kohler Power
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. FTP Industrial
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Volvo Penta
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. MAN
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Toyota Industries
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Power Solutions International (PSI)
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
