Nov 11, 2020   SOURCE: BusinessWire

India Marine Engines Market, Competition, Forecast & Opportunities, 2026 - ResearchAndMarkets.com

The "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" report has been added to ResearchAndMarkets.com's offering.

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.

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 Wartsila 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

Key Topics Covered:

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)

8. India Auxiliary Marine Engines Market Outlook (Volume)

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. Wartsila 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

For more information about this report visit https://www.researchandmarkets.com/r/5qjmm2