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Report
Engines Market by Fuel type (Gasoline, Diesel, Natural Gas), Speed (Low, Medium, High , and Very High), Power Rating, End User, & Region - Global Trends & Forecast to 2029
Market Report I 2024-10-29 I 292 Pages I MarketsandMarkets
The Engines market size was valued at USD 377.84 billion in 2024, and is estimated to reach USD 477.89 billion in 2029 and is also expected to grow at a compound annual growth rate (CAGR) of 4.8% from 2024 to 2029. The market benefits from supportive government policies including carbon emission reduction and the growth of sustainable energy system. Growth in demand for efficient engines is essential in the transportation and industrial sectors.These are some of the factors fueling the market growth of Engines.
"Diesel segment is expected to grow as the largest segment during the forecast period."
The Diesel engines are growing as the largest segment in the engines market by fuel type. Diesel engines are more efficient compared to gasoline engines. Diesel has 10 to 15% more energy per gallon than gasoline engines and can deliver better fuel economy. According to, The US Department of Energy diesel engines can be 20-30 % more efficient in similar applications to gasoline engines. Diesel fuel has a higher energy density than gasoline and allows vehicles, especially heavy duty trucks, to travel on a single tank of fuel than that of gasoline.
"Automotive segment is expected to emerge as the largest segment by end-user."
The transportation activities are expected to make automotive segment the largest end user in engines market. The rise in vehicle production, technological developments, and the demand for fuel efficient vehicles are some of the major drivers in automotive market. According to the International Organization of Motor Vehicle Manufacturers (OICA), worldwide vehicle production was estimated to be at about 85 million units and expected to reach to over 100 million units by 2025. The automotive segment is prominent due to the continuous growth in the demand for engines in new vehicles directly driving this demand.
"US to grow at the highest CAGR for North America Engines market."
US is experiencing the highest growth rate in the engines market due to several factors. The presence of key players in US such as Caterpillar, Cummins Inc, General Motors along with a large customer base, is among the major factors driving the engines market in US. The market in US is driven by significant demand for both International Combustion Engine vehicles and electric/hybrid vehicles. The Ongoing infrastructure development and investments in transportation, energy, and industrial sectors lead to increased demand for engines, particularly for heavy machinery and generators.
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier 1- 30%, Tier 2- 45%, and Tier 3- 25%
By Designation: C-Level- 30%, Director Levels- 20%, and Others- 50%
By Region: North America- 18%, Europe- 8%, Asia Pacific- 60%, the Middle East & Africa- 10%, and South America- 4%
Note: Others include sales managers, engineers, and regional managers.
Note: The tiers of the companies are defined based on their total revenues as of 2023. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million
Caterpillar (US), Cummins Inc. (US), General Electric Company (US), RTX (US), General Motors (US), Rolls-Royce plc (UK), Mitsubishi Heavy Industries, Ltd. (Japan), Honeywell International Inc. (US), AB Volvo (Sweden), Scania (Sweden) are some of the key players in the Engines market.
The study includes an in-depth competitive analysis of these key players in the Engines market, with their company profiles, recent developments, and key market strategies.
Research Coverage:
The report defines, describes, and forecasts the Engines market by Power Rating (Below 0.5 MW, 0.5-1 MW, 1.1-2 MW, 2.1-5 MW, 5.1-15 MW, and Above 15 MW), by Speed (Low (upto 720 rpm), Medium (720-1,200 rpm), High (1,200-1,800 rpm) and Very High (Above 1,800 rpm) ), by Fuel Type (Gasoline, Diesel, Natural Gas and Others) by end user (Automotive, Aviation, Power Generation, Construction, Industrial Manufacturing, Marine, Mining, Oil & Gas, and Others) and by region (North America, South America, Europe, Asia Pacific, and Middle east & Africa). The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the Engines market. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions, and services; key strategies; Contracts, partnerships, agreements. new product & service launches, mergers and acquisitions, and recent developments associated with the engines market. Competitive analysis of upcoming startups in the engines market ecosystem is covered in this report.
Key Benefits of Buying the Report
- Analysis of key drivers (Increased demand for uninterrupted and reliable power supply, Growing maritime tourism and international maritime freight transportation, Growing industrialization and urbanization, Rising automotive production), restraints (Policy and regulatory uncertainty, Fluctuating oil & gas prices), opportunities (Hybrid power generation in rural and remote areas, Leveraging biogas, landfill gas, and natural gas), and challenges (Environmental concerns and emission regulations, Stringent regulatory environment for aircraft engine manufacturing and MRO) influences the growth of the Engines market.
- Product Development/ Innovation: The developments such as the XA100 adaptive cycle engine is a pivotal trend in development of engines. XA100 adaptive cycle engine, critical for future combat missions, offering enhanced performance and efficiency in varying flight conditions. This engine provides 30% greater range and significantly improved thermal management compared to current combat engines.
- Market Development: The development of engines are moving towards greater efficiency, sustainability, and power generation. Favorable government policies in carbon emission reduction, increasing demand for engines in transportation and industrial sectors, create engines market growth.
- Market Diversification: GE Aerospace and the Polish Ministry of National Defense have made an agreement regarding the acquisition of 96 Boeing AH-64E Apache Guardian helicopters, powered by GE's T700 engines. The agreement includes Military Aviation Works (WZL-1) in Deblin, which provides maintenance, repair, and overhaul support for the T700/CT7 engines.
- Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Caterpillar (US), Cummins Inc. (US), General Electric Company (US), RTX (US), General Motors (US), Rolls-Royce Plc (UK), Mitsubishi Heavy Industries, Ltd. (Japan), Honeywell International Inc. (US), AB Volvo (Sweden), Scania (Sweden) among others in the Engines market.
1 INTRODUCTION 23
1.1 STUDY OBJECTIVES 23
1.2 MARKET DEFINITION 23
1.3 STUDY SCOPE 24
1.3.1 MARKETS COVERED AND REGIONAL SCOPE 24
1.3.2 INCLUSIONS AND EXCLUSIONS 25
1.3.3 YEARS CONSIDERED 26
1.4 CURRENCY CONSIDERED 27
1.5 UNIT CONSIDERED 27
1.6 LIMITATIONS 27
1.7 STAKEHOLDERS 27
2 RESEARCH METHODOLOGY 28
2.1 RESEARCH DATA 28
2.1.1 SECONDARY DATA 30
2.1.1.1 Key data from secondary sources 30
2.1.1.2 List of key secondary sources 30
2.1.2 PRIMARY DATA 31
2.1.2.1 Key data from primary sources 31
2.1.2.2 Key industry insights 32
2.1.2.3 List of primary interview participants 32
2.1.2.4 Breakdown of primaries 33
2.2 MARKET BREAKDOWN AND DATA TRIANGULATION 34
2.3 MARKET SIZE ESTIMATION METHODOLOGY 35
2.3.1 BOTTOM-UP APPROACH 35
2.3.1.1 Demand-side analysis 36
2.3.1.1.1 Regional analysis 37
2.3.1.1.2 Country-level analysis 37
2.3.1.1.3 Demand-side assumptions 37
2.3.1.1.4 Demand-side calculations 37
2.3.2 TOP-DOWN APPROACH 38
2.3.2.1 Supply-side analysis 39
2.3.2.1.1 Supply-side assumptions 40
2.3.2.1.2 Supply-side calculations 40
2.4 FORECAST 40
2.5 RISK ANALYSIS 40
2.6 RESEARCH ASSUMPTIONS 41
2.7 RESEARCH LIMITATIONS 41
3 EXECUTIVE SUMMARY 42
4 PREMIUM INSIGHTS 46
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN ENGINE MARKET 46
4.2 ENGINE MARKET IN ASIA PACIFIC, BY END USE AND COUNTRY 47
4.3 ENGINE MARKET, BY END USE 47
4.4 ENGINE MARKET, BY SPEED 48
4.5 ENGINE MARKET, BY FUEL TYPE 48
4.6 ENGINE MARKET, BY POWER RATING 49
5 MARKET OVERVIEW 50
5.1 INTRODUCTION 50
5.2 MARKET DYNAMICS 51
5.2.1 DRIVERS 51
5.2.1.1 Increasing demand for uninterrupted and reliable power supply 51
5.2.1.2 Growing maritime tourism and international marine freight transportation 52
5.2.1.3 Rapid industrialization and urbanization 53
5.2.1.4 Thriving automotive industry 54
5.2.2 RESTRAINTS 55
5.2.2.1 Disruptions in operational and investment planning due to fluctuating oil and gas prices 55
5.2.2.2 Time-consuming and costly testing processes witnessed by aircraft engine manufacturers 56
5.2.2.3 High cost of compliance impacting profitability of engine manufacturers 56
5.2.3 OPPORTUNITIES 57
5.2.3.1 Increasing deployment of hybrid power systems in rural and remote areas 57
5.2.3.2 Growing adoption of biogas, landfill gas, and natural gas as sustainable fuel alternatives 59
5.2.4 CHALLENGES 59
5.2.4.1 Regulatory uncertainty and emergence of policies favoring EVs 59
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 60
5.4 PRICING ANALYSIS 61
5.4.1 INDICATIVE PRICING OF ENGINES, BY POWER RATING, 2023 61
5.4.2 AVERAGE SELLING PRICE TREND OF ENGINES, BY REGION, 2021-2023 61
5.5 VALUE CHAIN ANALYSIS 62
5.6 ECOSYSTEM ANALYSIS 64
5.7 INVESTMENT AND FUNDING SCENARIO, 2024 66
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5.8 TECHNOLOGY ANALYSIS 67
5.8.1 KEY TECHNOLOGIES 67
5.8.1.1 Direct fuel injection 67
5.8.2 ADJACENT TECHNOLOGIES 67
5.8.2.1 Dual-fuel and hybrid engines 67
5.9 PATENT ANALYSIS 68
5.10 TRADE ANALYSIS 72
5.10.1 EXPORT SCENARIO (HS CODE 8407) 72
5.10.2 IMPORT SCENARIO (HS CODE 8407) 74
5.11 KEY CONFERENCES AND EVENTS, 2024-2025 75
5.12 CASE STUDY ANALYSIS 76
5.12.1 CUMMINS' PROACTIVE ENGINE HELPS WHITEHAVEN COAL IMPROVE FUEL CONSUMPTION AND REDUCE DOWNTIME 76
5.12.2 SCANIA ENGINES OFFER KOBELCO CRANES CAPACITY TO LIFT HEAVY LOADS WITH IMPROVED SAFETY 77
5.12.3 CUMMINS OFFERS ENGINES FOR TRUCKS USED IN ARIZONA MINE TO ENSURE HIGHER UPTIME AND IMPROVED FUEL EFFICIENCY 77
5.13 TARIFF AND REGULATORY LANDSCAPE 78
5.13.1 TARIFF ANALYSIS (HS CODE 8407) 78
5.13.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 79
5.13.3 CODES AND REGULATIONS RELATED TO ENGINE SYSTEMS 81
5.14 PORTER'S FIVE FORCES ANALYSIS 85
5.14.1 BARGAINING POWER OF SUPPLIERS 86
5.14.2 BARGAINING POWER OF BUYERS 86
5.14.3 THREAT OF NEW ENTRANTS 87
5.14.4 THREAT OF SUBSTITUTES 87
5.14.5 INTENSITY OF COMPETITIVE RIVALRY 87
5.15 KEY STAKEHOLDERS AND BUYING CRITERIA 87
5.15.1 KEY STAKEHOLDERS IN BUYING PROCESS 87
5.15.2 BUYING CRITERIA 88
5.16 IMPACT OF AI/GEN AI ON ENGINE MARKET 89
5.16.1 ADOPTION OF GENERATIVE AI/AI IN ENGINE MARKET 89
5.16.2 IMPACT OF GENERATIVE AI/AI ON REGIONAL MARKET, BY END USE 90
5.16.3 IMPACT OF GENERATIVE AI/AI ON ENGINE MARKET, BY REGION 90
5.17 GLOBAL MACROECONOMIC OUTLOOK 90
5.17.1 INTRODUCTION 90
5.17.2 GDP TRENDS AND FORECAST 91
5.17.3 IMPACT OF CHANGES IN INFLATION RATES 91
5.17.4 CONTRIBUTION OF MANUFACTURING SECTOR TO GDP, 2023 (%) 92
5.17.5 CONTRIBUTION OF INDUSTRIAL SECTOR (INCLUDING CONSTRUCTION) TO GDP, 2023 (%) 93
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6 ENGINE MARKET, BY FUEL TYPE 94
6.1 INTRODUCTION 95
6.2 GASOLINE 96
6.2.1 LOW PURCHASING AND REPOWERING COSTS TO CONTRIBUTE TO SEGMENTAL GROWTH 96
6.3 DIESEL 97
6.3.1 ECONOMICAL AND HIGH TOLERANCE BENEFITS TO AUGMENT SEGMENTAL GROWTH 97
6.4 NATURAL GAS 98
6.4.1 ENERGY EFFICIENCY AND LOW EMISSION ATTRIBUTES TO ACCELERATE SEGMENTAL GROWTH 98
6.5 OTHER FUELS 99
7 ENGINE MARKET, BY SPEED 101
7.1 INTRODUCTION 102
7.2 LOW 103
7.2.1 SURGING DEMAND FOR YACHTS AND OTHER MARINE VESSELS TO CONTRIBUTE TO SEGMENTAL GROWTH 103
7.3 MEDIUM 104
7.3.1 INCREASING USE IN SHIPPING AND POWER GENERATION APPLICATIONS TO ACCELERATE SEGMENTAL GROWTH 104
7.4 HIGH 105
7.4.1 GROWING EMPHASIS ON INDUSTRIAL DEVELOPMENT TO FOSTER SEGMENTAL GROWTH 105
7.5 VERY HIGH 106
7.5.1 QUICK-START CAPABILITY AND BETTER FUEL EFFICIENCY OF SUPERCHARGED ENGINES TO BOLSTER SEGMENTAL GROWTH 106
8 ENGINE MARKET, BY POWER RATING 107
8.1 INTRODUCTION 108
8.2 BELOW 0.5 MW 110
8.2.1 RISING POPULATION AND POWER DEMAND FROM RESIDENTIAL USERS TO FUEL SEGMENTAL GROWTH 110
8.3 0.5-1.0 MW 111
8.3.1 INCREASING INVESTMENT IN COMMERCIAL BUILDINGS AND OFFICES TO AUGMENT SEGMENTAL GROWTH 111
8.4 1.1-2.0 MW 113
8.4.1 RAPID DIGITALIZATION AND INVESTMENT IN DATA CENTERS TO CONTRIBUTE TO SEGMENTAL GROWTH 113
8.5 2.1-5.0 MW 115
8.5.1 BURGEONING DEMAND FOR RELIABLE BACKUP POWER IN LARGE INDUSTRIAL FACILITIES TO EXPEDITE SEGMENTAL GROWTH 115
8.6 5.1-15.0 MW 117
8.6.1 INCREASING NEED FOR MEDIUM-RANGE POWER FOR INDUSTRIAL GAS TURBINE APPLICATIONS TO DRIVE MARKET 117
8.7 ABOVE 15 MW 118
8.7.1 RISING ADOPTION OF HEAVY-DUTY GAS TURBINES IN LARGE POWER PLANTS TO BOOST SEGMENTAL GROWTH 118
9 ENGINE MARKET, BY REGION 121
9.1 INTRODUCTION 122
9.2 ASIA PACIFIC 124
9.2.1 CHINA 129
9.2.1.1 Increasing expenditure on shipbuilding industry to drive market 129
9.2.2 JAPAN 131
9.2.2.1 Stringent environmental regulations to foster market growth 131
9.2.3 INDIA 132
9.2.3.1 Government initiatives in oil & gas sector to bolster market growth 132
9.2.4 SOUTH KOREA 134
9.2.4.1 Strong manufacturing sector to contribute to market growth 134
9.2.5 AUSTRALIA 135
9.2.5.1 Expanding mining industry to provide growth opportunities for players in engine market 135
9.2.6 REST OF ASIA PACIFIC 136
9.3 NORTH AMERICA 138
9.3.1 US 143
9.3.1.1 Increasing oil & gas production to foster market growth 143
9.3.2 CANADA 144
9.3.2.1 Growth in construction industry to expedite market growth 144
9.3.3 MEXICO 145
9.3.3.1 Increasing oil & gas exploration activities to fuel demand for engines 145
9.4 EUROPE 147
9.4.1 GERMANY 151
9.4.1.1 Rising demand for smart homes and heating and cooling systems to boost market growth 151
9.4.2 UK 153
9.4.2.1 Booming construction and infrastructure sector to drive demand 153
9.4.3 ITALY 154
9.4.3.1 Initiatives to reduce carbon footprint to accelerate market growth 154
9.4.4 FRANCE 156
9.4.4.1 Rising investments in construction and residential projects to boost market growth 156
9.4.5 SPAIN 157
9.4.5.1 Growing real estate sector to fuel demand for engines 157
9.4.6 REST OF EUROPE 158
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9.5 MIDDLE EAST & AFRICA 160
9.5.1 GCC 165
9.5.1.1 Saudi Arabia 167
9.5.1.1.1 Increasing government investment in power generation projects to boost demand for engines 167
9.5.1.2 UAE 168
9.5.1.2.1 Rising maritime infrastructure development to fuel market growth 168
9.5.1.3 Rest of GCC countries 169
9.5.2 SOUTH AFRICA 170
9.5.2.1 Urbanization and industrial development to augment demand for engines 170
9.5.3 EGYPT 172
9.5.3.1 Mounting demand for automotive engines to boost market growth 172
9.5.4 REST OF MIDDLE EAST & AFRICA 173
9.6 SOUTH AMERICA 174
9.6.1 BRAZIL 179
9.6.1.1 Increasing oil & gas exploration activities to fuel market growth 179
9.6.2 ARGENTINA 180
9.6.2.1 Abundant oil & gas reserves and regulatory policies to boost market growth 180
9.6.3 CHILE 181
9.6.3.1 Expanding construction sector to support market growth 181
9.6.4 REST OF SOUTH AMERICA 183
10 COMPETITIVE LANDSCAPE 185
10.1 INTRODUCTION 185
10.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2019-2024 185
10.3 MARKET SHARE ANALYSIS, 2023 188
10.4 REVENUE ANALYSIS, 2019-2023 190
10.5 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 191
10.5.1 STARS 191
10.5.2 EMERGING LEADERS 191
10.5.3 PERVASIVE PLAYERS 191
10.5.4 PARTICIPANTS 191
10.5.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023 193
10.5.5.1 Company footprint 193
10.5.5.2 Region footprint 194
10.5.5.3 Fuel type footprint 195
10.5.5.4 Power rating footprint 196
10.5.5.5 End use footprint 197
10.5.5.6 Speed footprint 198
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10.6 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023 199
10.6.1 PROGRESSIVE COMPANIES 199
10.6.2 RESPONSIVE COMPANIES 199
10.6.3 DYNAMIC COMPANIES 199
10.6.4 STARTING BLOCKS 200
10.6.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023 201
10.6.5.1 Competitive benchmarking of key startups/SMEs 201
10.6.5.2 Detailed list of key startups/SMEs 202
10.7 COMPANY VALUATION AND FINANCIAL METRICS, 2024 202
10.8 PRODUCT COMPARISON 203
10.9 COMPETITIVE SCENARIO 204
10.9.1 PRODUCT LAUNCHES/DEVELOPMENTS 204
10.9.2 DEALS 205
10.9.3 OTHER DEVELOPMENTS 206
11 COMPANY PROFILES 208
11.1 KEY PLAYERS 208
11.1.1 CATERPILLAR 208
11.1.1.1 Business overview 208
11.1.1.2 Products/Services/Solutions offered 209
11.1.1.3 Recent developments 211
11.1.1.3.1 Product launches/developments 211
11.1.1.3.2 Deals 213
11.1.1.3.3 Other developments 213
11.1.1.4 MnM View 215
11.1.1.4.1 Key strengths/Right to win 215
11.1.1.4.2 Strategic choices 215
11.1.1.4.3 Weaknesses/Competitive threats 215
11.1.2 CUMMINS INC. 216
11.1.2.1 Business overview 216
11.1.2.2 Products/Services/Solutions offered 217
11.1.2.3 Recent developments 218
11.1.2.3.1 Product launches/developments 218
11.1.2.3.2 Deals 219
11.1.2.3.3 Other developments 219
11.1.2.4 MnM view 220
11.1.2.4.1 Key strengths/Right to win 220
11.1.2.4.2 Strategic choices 220
11.1.2.4.3 Weaknesses/Competitive threats 220
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11.1.3 GENERAL ELECTRIC COMPANY 221
11.1.3.1 Business overview 221
11.1.3.2 Products/Services/Solutions offered 222
11.1.3.3 Recent developments 225
11.1.3.3.1 Product launches/developments 225
11.1.3.3.2 Deals 225
11.1.3.3.3 Other developments 226
11.1.3.4 MnM view 227
11.1.3.4.1 Key strengths/Right to win 227
11.1.3.4.2 Strategic choices 227
11.1.3.4.3 Weaknesses/Competitive threats 227
11.1.4 RTX 228
11.1.4.1 Business overview 228
11.1.4.2 Products/Services/Solutions offered 229
11.1.4.3 Recent developments 230
11.1.4.3.1 Deals 230
11.1.4.3.2 Other developments 231
11.1.4.4 MnM view 232
11.1.4.4.1 Key strengths/Right to win 232
11.1.4.4.2 Strategic choices 232
11.1.4.4.3 Weaknesses/Competitive threats 232
11.1.5 GENERAL MOTORS 233
11.1.5.1 Business overview 233
11.1.5.2 Products/Services/Solutions offered 234
11.1.5.3 MnM view 235
11.1.5.3.1 Key strengths/Right to win 235
11.1.5.3.2 Strategic choices 235
11.1.5.3.3 Weaknesses/Competitive threats 235
11.1.6 ROLLS ROYCE HOLDINGS 236
11.1.6.1 Business overview 236
11.1.6.2 Products/Services/Solutions offered 237
11.1.6.3 Recent developments 238
11.1.6.3.1 Product launches/developments 238
11.1.6.3.2 Deals 238
11.1.6.3.3 Other developments 239
11.1.7 MITSUBISHI HEAVY INDUSTRIES, LTD. 241
11.1.7.1 Business overview 241
11.1.7.2 Products/Services/Solutions offered 242
11.1.7.3 Recent developments 243
11.1.7.3.1 Product launches/developments 243
11.1.7.3.2 Deals 243
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11.1.8 HONEYWELL INTERNATIONAL INC. 244
11.1.8.1 Business overview 244
11.1.8.2 Products/Services/Solutions offered 245
11.1.8.3 Recent developments 246
11.1.8.3.1 Product launches/developments 246
11.1.8.3.2 Deals 247
11.1.8.3.3 Other developments 248
11.1.9 AB VOLVO 249
11.1.9.1 Business overview 249
11.1.9.2 Products/Services/Solutions offered 250
11.1.9.3 Recent developments 251
11.1.9.3.1 Product launches/developments 251
11.1.9.3.2 Deals 251
11.1.10 SCANIA CV AB 252
11.1.10.1 Business overview 252
11.1.10.2 Products/Services/Solutions offered 253
11.1.10.3 Recent developments 254
11.1.10.3.1 Product launches/developments 254
11.1.11 HONDA MOTOR CO., LTD. 255
11.1.11.1 Business overview 255
11.1.11.2 Products/Services/Solutions offered 256
11.1.11.3 Recent developments 258
11.1.11.3.1 Product launches/developments 258
11.1.12 KAWASAKI HEAVY INDUSTRIES, LTD. 259
11.1.12.1 Business overview 259
11.1.12.2 Products/Services/Solutions offered 260
11.1.12.3 Recent developments 261
11.1.12.3.1 Product launches/developments 261
11.1.13 TOYOTA INDUSTRIES CORPORATION 262
11.1.13.1 Business overview 262
11.1.13.2 Products/Services/Solutions offered 263
11.1.14 SAFRAN 265
11.1.14.1 Business overview 265
11.1.14.2 Products/Services/Solutions offered 266
11.1.14.3 Recent developments 267
11.1.14.3.1 Deals 267
11.1.14.3.2 Expansions 268
11.1.15 WARTSILA 269
11.1.15.1 Business overview 269
11.1.15.2 Products/Services/Solutions offered 270
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11.2 OTHER PLAYERS 272
11.2.1 CHANGCHAI CO., LTD. 272
11.2.2 GREAVES COTTON LIMITED 273
11.2.3 MAHINDRA&MAHINDRA LTD. 274
11.2.4 TATA MOTORS LIMITED 275
11.2.5 MTU AERO ENGINES AG 276
11.2.6 DAIHATSU DIESEL MFG. CO., LTD. 277
11.2.7 PACCAR INC. 278
11.2.8 KOHLER ENERGY 279
11.2.9 KIRLOSKAR 280
11.2.10 HD HYUNDAI HEAVY INDUSTRIES CO., LTD. 281
12 APPENDIX 282
12.1 INSIGHTS FROM INDUSTRY EXPERTS 282
12.2 DISCUSSION GUIDE 283
12.3 KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL 288
12.4 CUSTOMIZATION OPTIONS 290
12.5 RELATED REPORTS 290
12.6 AUTHOR DETAILS 291
TABLE 1 ENGINE MARKET: RISK ANALYSIS 40
TABLE 2 ENGINE MARKET SNAPSHOT 42
TABLE 3 WORLD FLEET, BY VESSEL TYPE, 2022-2023 (DWT) 53
TABLE 4 COMPARISON BETWEEN PETROLEUM AND OTHER LIQUIDS BASED ON DIFFERENT PARAMETERS, 2022-2025 56
TABLE 5 INDICATIVE PRICING OF ENGINES, BY POWER RATING, 2023 (USD/UNIT) 61
TABLE 6 AVERAGE SELLING PRICE TREND OF ENGINES, BY REGION,
2021-2023 (USD/UNIT) 61
TABLE 7 ROLE OF COMPANIES IN ECOSYSTEM 65
TABLE 8 LIST OF KEY PATENTS ASSOCIATED WITH ENGINE MARKET, 2023-2024 69
TABLE 9 EXPORT DATA FOR HS CODE 8407-COMPLIANT PRODUCTS, BY COUNTRY,
2021-2023 (USD THOUSAND) 72
TABLE 10 IMPORT DATA FOR HS CODE 8407-COMPLIANT PRODUCTS, BY COUNTRY,
2021-2023 (USD THOUSAND) 74
TABLE 11 KEY CONFERENCES AND EVENTS, 2024-2025 75
TABLE 12 IMPORT TARIFFS FOR HS CODE 8407-COMPLIANT PRODUCTS, BY COUNTRY, 2023 78
TABLE 13 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 79
TABLE 14 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 80
TABLE 15 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 80
TABLE 16 MIDDLE EAST & AFRICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 81
TABLE 17 GLOBAL: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 81
TABLE 18 COUNTRY-WISE AND GLOBAL CODES AND REGULATIONS RELATED TO ENGINES 81
TABLE 19 PORTER'S FIVE FORCES ANALYSIS 85
TABLE 20 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END USES 88
TABLE 21 KEY BUYING CRITERIA FOR TOP THREE END USES 88
TABLE 22 WORLD GDP GROWTH, HISTORICAL VS. PROJECTED, 2021-2028 (USD TRILLION) 91
TABLE 23 VARYING INFLATION RATES IMPACTING ENGINE MARKET, BY REGION, 2024 (%) 92
TABLE 24 CONTRIBUTION OF MANUFACTURING SECTOR TO GDP, 2023 92
TABLE 25 CONTRIBUTION OF INDUSTRIAL SECTOR TO GDP, 2023 93
TABLE 26 ENGINE MARKET, BY FUEL TYPE, 2021-2023 (USD MILLION) 95
TABLE 27 ENGINE MARKET, BY FUEL TYPE, 2024-2029 (USD MILLION) 96
TABLE 28 GASOLINE: ENGINE MARKET, BY REGION, 2021-2023 (USD MILLION) 97
TABLE 29 GASOLINE: ENGINE MARKET, BY REGION, 2024-2029 (USD MILLION) 97
TABLE 30 DIESEL: ENGINE MARKET, BY REGION, 2021-2023 (USD MILLION) 98
TABLE 31 DIESEL: ENGINE MARKET, BY REGION, 2024-2029 (USD MILLION) 98
TABLE 32 NATURAL GAS: ENGINE MARKET, BY REGION, 2021-2023 (USD MILLION) 99
TABLE 33 NATURAL GAS: ENGINE MARKET, BY REGION, 2024-2029 (USD MILLION) 99
TABLE 34 OTHER FUELS: ENGINE MARKET, BY REGION, 2021-2023 (USD MILLION) 100
TABLE 35 OTHER FUELS: ENGINE MARKET, BY REGION, 2024-2029 (USD MILLION) 100
TABLE 36 ENGINE MARKET, BY SPEED, 2021-2023 (USD MILLION) 102
TABLE 37 ENGINE MARKET, BY SPEED, 2024-2029 (USD MILLION) 102
TABLE 38 LOW: ENGINE MARKET, BY REGION, 2021-2023 (USD MILLION) 103
TABLE 39 LOW: ENGINE MARKET, BY REGION, 2024-2029 (USD MILLION) 103
TABLE 40 MEDIUM: ENGINE MARKET, BY REGION, 2021-2023 (USD MILLION) 104
TABLE 41 MEDIUM: ENGINE MARKET, BY REGION, 2024-2029 (USD MILLION) 104
TABLE 42 HIGH: ENGINE MARKET, BY REGION, 2021-2023 (USD MILLION) 105
TABLE 43 HIGH: ENGINE MARKET, BY REGION, 2024-2029 (USD MILLION) 105
TABLE 44 VERY HIGH: ENGINE MARKET, BY REGION, 2021-2023 (USD MILLION) 106
TABLE 45 VERY HIGH: ENGINE MARKET, BY REGION, 2024-2029 (USD MILLION) 106
TABLE 46 ENGINE MARKET, BY POWER RATING, 2021-2023 (USD MILLION) 108
TABLE 47 ENGINE MARKET, BY POWER RATING, 2024-2029 (USD MILLION) 109
TABLE 48 ENGINE MARKET, BY POWER RATING, 2021-2023 (UNITS) 109
TABLE 49 ENGINE MARKET, BY POWER RATING, 2024-2029 (UNITS) 109
TABLE 50 BELOW 0.5 MW: ENGINE MARKET, BY REGION, 2021-2023 (USD MILLION) 110
TABLE 51 BELOW 0.5 MW: ENGINE MARKET, BY REGION, 2024-2029 (USD MILLION) 110
TABLE 52 BELOW 0.5 MW: ENGINE MARKET, BY REGION, 2021-2023 (UNITS) 111
TABLE 53 BELOW 0.5 MW: ENGINE MARKET, BY REGION, 2024-2029 (UNITS) 111
TABLE 54 0.5-1.0 MW: ENGINE MARKET, BY REGION, 2021-2023 (USD MILLION) 112
TABLE 55 0.5-1.0 MW: ENGINE MARKET, BY REGION, 2024-2029 (USD MILLION) 112
TABLE 56 0.5-1.0 MW: ENGINE MARKET, BY REGION, 2021-2023 (UNITS) 112
TABLE 57 0.5-1.0 MW: ENGINE MARKET, BY REGION, 2024-2029 (UNITS) 113
TABLE 58 1.1-2.0 MW: ENGINE MARKET, BY REGION, 2021-2023 (USD MILLION) 114
TABLE 59 1.1-2.0 MW: ENGINE MARKET, BY REGION, 2024-2029 (USD MILLION) 114
TABLE 60 1.1-2.0 MW: ENGINE MARKET, BY REGION, 2021-2023 (UNITS) 114
TABLE 61 1.1-2.0 MW: ENGINE MARKET, BY REGION, 2024-2029 (UNITS) 115
TABLE 62 2.1-5.0 MW: ENGINE MARKET, BY REGION, 2021-2023 (USD MILLION) 115
TABLE 63 2.1-5.0 MW: ENGINE MARKET, BY REGION, 2024-2029 (USD MILLION) 116
TABLE 64 2.1-5.0 MW: ENGINE MARKET, BY REGION, 2021-2023 (UNITS) 116
TABLE 65 2.1-5.0 MW: ENGINE MARKET, BY REGION, 2024-2029 (UNITS) 116
TABLE 66 5.1-15.O MW: ENGINE MARKET, BY REGION, 2021-2023 (USD MILLION) 117
TABLE 67 5.1-15.0 MW: ENGINE MARKET, BY REGION, 2024-2029 (USD MILLION) 117
TABLE 68 5.1-15.0 MW: ENGINE MARKET, BY REGION, 2021-2023 (UNITS) 118
TABLE 69 5.1-15.0 MW: ENGINE MARKET, BY REGION, 2024-2029 (UNITS) 118
TABLE 70 ABOVE 15 MW: ENGINE MARKET, BY REGION, 2021-2023 (USD MILLION) 119
TABLE 71 ABOVE 15 MW: ENGINE MARKET, BY REGION, 2024-2029 (USD MILLION) 119
TABLE 72 ABOVE 15 MW: ENGINE MARKET, BY REGION, 2021-2023 (UNITS) 119
TABLE 73 ABOVE 15 MW: ENGINE MARKET, BY REGION, 2024-2029 (UNITS) 120
TABLE 74 ENGINE MARKET, BY REGION, 2021-2023 (USD MILLION) 123
TABLE 75 ENGINE MARKET, BY REGION, 2024-2029 (USD MILLION) 123
TABLE 76 ENGINE MARKET, BY REGION, 2021-2023 (UNITS) 123
TABLE 77 ENGINE MARKET, BY REGION, 2024-2029 (UNITS) 124
TABLE 78 ASIA PACIFIC: ENGINE MARKET, BY POWER RATING, 2021-2023 (USD MILLION) 125
TABLE 79 ASIA PACIFIC: ENGINE MARKET, BY POWER RATING, 2024-2029 (USD MILLION) 126
TABLE 80 ASIA PACIFIC: ENGINE MARKET, BY POWER RATING, 2021-2023 (UNITS) 126
TABLE 81 ASIA PACIFIC: ENGINE MARKET, BY POWER RATING, 2024-2029 (UNITS) 126
TABLE 82 ASIA PACIFIC: ENGINE MARKET, BY FUEL TYPE, 2021-2023 (USD MILLION) 127
TABLE 83 ASIA PACIFIC: ENGINE MARKET, BY FUEL TYPE, 2024-2029 (USD MILLION) 127
TABLE 84 ASIA PACIFIC: ENGINE MARKET, BY SPEED, 2021-2023 (USD MILLION) 127
TABLE 85 ASIA PACIFIC: ENGINE MARKET, BY SPEED, 2024-2029 (USD MILLION) 128
TABLE 86 ASIA PACIFIC: ENGINE MARKET, BY END USE, 2021-2023 (USD MILLION) 128
TABLE 87 ASIA PACIFIC: ENGINE MARKET, BY END USE, 2024-2029 (USD MILLION) 128
TABLE 88 ASIA PACIFIC: ENGINE MARKET, BY COUNTRY, 2021-2023 (USD MILLION) 129
TABLE 89 ASIA PACIFIC: ENGINE MARKET, BY COUNTRY, 2024-2029 (USD MILLION) 129
TABLE 90 CHINA: ENGINE MARKET, BY END USE, 2021-2023 (USD MILLION) 130
TABLE 91 CHINA: ENGINE MARKET, BY END USE, 2024-2029 (USD MILLION) 130
TABLE 92 JAPAN: ENGINE MARKET, BY END USE, 2021-2023 (USD MILLION) 131
TABLE 93 JAPAN: ENGINE MARKET, BY END USE, 2024-2029 (USD MILLION) 132
TABLE 94 INDIA: ENGINE MARKET, BY END USE, 2021-2023 (USD MILLION) 133
TABLE 95 INDIA: ENGINE MARKET, BY END USE, 2024-2029 (USD MILLION) 133
TABLE 96 SOUTH KOREA: ENGINE MARKET, BY END USE, 2021-2023 (USD MILLION) 134
TABLE 97 SOUTH KOREA: ENGINE MARKET, BY END USE, 2024-2029 (USD MILLION) 135
TABLE 98 AUSTRALIA: ENGINE MARKET, BY END USE, 2021-2023 (USD MILLION) 135
TABLE 99 AUSTRALIA: ENGINE MARKET, BY END USE, 2024-2029 (USD MILLION) 136
TABLE 100 REST OF ASIA PACIFIC: ENGINE MARKET, BY END USE, 2021-2023 (USD MILLION) 137
TABLE 101 REST OF ASIA PACIFIC: ENGINE MARKET, BY END USE, 2024-2029 (USD MILLION) 137
TABLE 102 NORTH AMERICA: ENGINE MARKET, BY POWER RATING,
2021-2023 (USD MILLION) 139
TABLE 103 NORTH AMERICA: ENGINE MARKET, BY POWER RATING,
2024-2029 (USD MILLION) 139
TABLE 104 NORTH AMERICA: ENGINE MARKET, BY POWER RATING, 2021-2023 (UNITS) 139
TABLE 105 NORTH AMERICA: ENGINE MARKET, BY POWER RATING, 2024-2029 (UNITS) 140
TABLE 106 NORTH AMERICA: ENGINE MARKET, BY FUEL TYPE, 2021-2023 (USD MILLION) 140
TABLE 107 NORTH AMERICA: ENGINE MARKET, BY FUEL TYPE, 2024-2029 (USD MILLION) 140
TABLE 108 NORTH AMERICA: ENGINE MARKET, BY SPEED, 2021-2023 (USD MILLION) 141
TABLE 109 NORTH AMERICA: ENGINE MARKET, BY SPEED, 2024-2029 (USD MILLION) 141
TABLE 110 NORTH AMERICA: ENGINE MARKET, BY END USE, 2021-2023 (USD MILLION) 141
TABLE 111 NORTH AMERICA: ENGINE MARKET, BY END USE, 2024-2029 (USD MILLION) 142
TABLE 112 NORTH AMERICA: ENGINE MARKET, BY COUNTRY, 2021-2023 (USD MILLION) 142
TABLE 113 NORTH AMERICA: ENGINE MARKET, BY COUNTRY, 2024-2029 (USD MILLION) 142
TABLE 114 US: ENGINE MARKET, BY END USE, 2021-2023 (USD MILLION) 143
TABLE 115 US: ENGINE MARKET, BY END USE, 2024-2029 (USD MILLION) 144
TABLE 116 CANADA: ENGINE MARKET, BY END USE, 2021-2023 (USD MILLION) 145
TABLE 117 CANADA: ENGINE MARKET, BY END USE, 2024-2029 (USD MILLION) 145
TABLE 118 MEXICO: ENGINE MARKET, BY END USE, 2021-2023 (USD MILLION) 146
TABLE 119 MEXICO: ENGINE MARKET, BY END USE, 2024-2029 (USD MILLION) 146
TABLE 120 EUROPE: ENGINE MARKET, BY POWER RATING, 2021-2023 (USD MILLION) 147
TABLE 121 EUROPE: ENGINE MARKET, BY POWER RATING, 2024-2029 (USD MILLION) 148
TABLE 122 EUROPE: ENGINE MARKET, BY POWER RATING, 2021-2023 (UNITS) 148
TABLE 123 EUROPE: ENGINE MARKET, BY POWER RATING, 2024-2029 (UNITS) 148
TABLE 124 EUROPE: ENGINE MARKET, BY FUEL TYPE, 2021-2023 (USD MILLION) 149
TABLE 125 EUROPE: ENGINE MARKET, BY FUEL TYPE, 2024-2029 (USD MILLION) 149
TABLE 126 EUROPE: ENGINE MARKET, BY SPEED, 2021-2023 (USD MILLION) 149
TABLE 127 EUROPE: ENGINE MARKET, BY SPEED, 2024-2029 (USD MILLION) 150
TABLE 128 EUROPE: ENGINE MARKET, BY END USE, 2021-2023 (USD MILLION) 150
TABLE 129 EUROPE: ENGINE MARKET, BY END USE, 2024-2029 (USD MILLION) 150
TABLE 130 EUROPE: ENGINE MARKET, BY COUNTRY, 2021-2023 (USD MILLION) 151
TABLE 131 EUROPE: ENGINE MARKET, BY COUNTRY, 2024-2029 (USD MILLION) 151
TABLE 132 GERMANY: ENGINE MARKET, BY END USE, 2021-2023 (USD MILLION) 152
TABLE 133 GERMANY: ENGINE MARKET, BY END USE, 2024-2029 (USD MILLION) 152
TABLE 134 UK: ENGINE MARKET, BY END USE, 2021-2023 (USD MILLION) 153
TABLE 135 UK: ENGINE MARKET, BY END USE, 2024-2029 (USD MILLION) 154
TABLE 136 ITALY: ENGINE MARKET, BY END USE, 2021-2023 (USD MILLION) 155
TABLE 137 ITALY: ENGINE MARKET, BY END USE, 2024-2029 (USD MILLION) 155
TABLE 138 FRANCE: ENGINE MARKET, BY END USE, 2021-2023 (USD MILLION) 156
TABLE 139 FRANCE: ENGINE MARKET, BY END USE, 2024-2029 (USD MILLION) 157
TABLE 140 SPAIN: ENGINE MARKET, BY END USE, 2021-2023 (USD MILLION) 158
TABLE 141 SPAIN: ENGINE MARKET, BY END USE, 2024-2029 (USD MILLION) 158
TABLE 142 REST OF EUROPE: ENGINE MARKET, BY END USE, 2021-2023 (USD MILLION) 159
TABLE 143 REST OF EUROPE: ENGINE MARKET, BY END USE, 2024-2029 (USD MILLION) 160
TABLE 144 MIDDLE EAST & AFRICA: ENGINE MARKET, BY POWER RATING,
2021-2023 (USD MILLION) 161
TABLE 145 MIDDLE EAST & AFRICA: ENGINE MARKET, BY POWER RATING,
2024-2029 (USD MILLION) 161
TABLE 146 MIDDLE EAST & AFRICA: ENGINE MARKET, BY POWER RATING,
2021-2023 (UNITS) 161
TABLE 147 MIDDLE EAST & AFRICA: ENGINE MARKET, BY POWER RATING,
2024-2029 (UNITS) 162
TABLE 148 MIDDLE EAST & AFRICA: ENGINE MARKET, BY FUEL TYPE,
2021-2023 (USD MILLION) 162
TABLE 149 MIDDLE EAST & AFRICA: ENGINE MARKET, BY FUEL TYPE,
2024-2029 (USD MILLION) 162
TABLE 150 MIDDLE EAST & AFRICA: ENGINE MARKET, BY SPEED, 2021-2023 (USD MILLION) 163
TABLE 151 MIDDLE EAST & AFRICA: ENGINE MARKET, BY SPEED, 2024-2029 (USD MILLION) 163
TABLE 152 MIDDLE EAST & AFRICA: ENGINE MARKET, BY END USE,
2021-2023 (USD MILLION) 163
TABLE 153 MIDDLE EAST & AFRICA: ENGINE MARKET, BY END USE,
2024-2029 (USD MILLION) 164
TABLE 154 MIDDLE EAST & AFRICA: ENGINE MARKET, BY COUNTRY,
2021-2023 (USD MILLION) 164
TABLE 155 MIDDLE EAST & AFRICA: ENGINE MARKET, BY COUNTRY,
2024-2029 (USD MILLION) 164
TABLE 156 GCC: ENGINE MARKET, BY END USE, 2021-2023 (USD MILLION) 165
TABLE 157 GCC: ENGINE MARKET, BY END USE, 2024-2029 (USD MILLION) 166
TABLE 158 GCC: ENGINE MARKET, BY COUNTRY, 2021-2023 (USD MILLION) 166
TABLE 159 GCC: ENGINE MARKET, BY COUNTRY, 2024-2029 (USD MILLION) 166
TABLE 160 SAUDI ARABIA: ENGINE MARKET, BY END USE, 2021-2023 (USD MILLION) 167
TABLE 161 SAUDI ARABIA: ENGINE MARKET, BY END USE, 2024-2029 (USD MILLION) 168
TABLE 162 UAE: ENGINE MARKET, BY END USE, 2021-2023 (USD MILLION) 169
TABLE 163 UAE: ENGINE MARKET, BY END USE, 2024-2029 (USD MILLION) 169
TABLE 164 REST OF GCC COUNTRIES: ENGINE MARKET, BY END USE,
2021-2023 (USD MILLION) 170
TABLE 165 REST OF GCC COUNTRIES: ENGINE MARKET, BY END USE,
2024-2029 (USD MILLION) 170
TABLE 166 SOUTH AFRICA: ENGINE MARKET, BY END USE, 2021-2023 (USD MILLION) 171
TABLE 167 SOUTH AFRICA: ENGINE MARKET, BY END USE, 2024-2029 (USD MILLION) 171
TABLE 168 EGYPT: ENGINE MARKET, BY END USE, 2021-2023 (USD MILLION) 172
TABLE 169 EGYPT: ENGINE MARKET, BY END USE, 2024-2029 (USD MILLION) 172
TABLE 170 REST OF MIDDLE EAST & AFRICA: ENGINE MARKET, BY END USE,
2021-2023 (USD MILLION) 173
TABLE 171 REST OF MIDDLE EAST & AFRICA: ENGINE MARKET, BY END USE,
2024-2029 (USD MILLION) 174
TABLE 172 SOUTH AMERICA: ENGINE MARKET, BY POWER RATING,
2021-2023 (USD MILLION) 175
TABLE 173 SOUTH AMERICA: ENGINE MARKET, BY POWER RATING,
2024-2029 (USD MILLION) 175
TABLE 174 SOUTH AMERICA: ENGINE MARKET, BY POWER RATING, 2021-2023 (UNITS) 175
TABLE 175 SOUTH AMERICA: ENGINE MARKET, BY POWER RATING, 2024-2029 (UNITS) 176
TABLE 176 SOUTH AMERICA: ENGINE MARKET, BY FUEL TYPE, 2021-2023 (USD MILLION) 176
TABLE 177 SOUTH AMERICA: ENGINE MARKET, BY FUEL TYPE, 2024-2029 (USD MILLION) 176
TABLE 178 SOUTH AMERICA: ENGINE MARKET, BY SPEED, 2021-2023 (USD MILLION) 177
TABLE 179 SOUTH AMERICA: ENGINE MARKET, BY SPEED, 2024-2029 (USD MILLION) 177
TABLE 180 SOUTH AMERICA: ENGINE MARKET, BY END USE, 2021-2023 (USD MILLION) 177
TABLE 181 SOUTH AMERICA: ENGINE MARKET, BY END USE, 2024-2029 (USD MILLION) 178
TABLE 182 SOUTH AMERICA: ENGINE MARKET, BY COUNTRY, 2021-2023 (USD MILLION) 178
TABLE 183 SOUTH AMERICA: ENGINE MARKET, BY COUNTRY, 2024-2029 (USD MILLION) 178
TABLE 184 BRAZIL: ENGINE MARKET, BY END USE, 2021-2023 (USD MILLION) 179
TABLE 185 BRAZIL: ENGINE MARKET, BY END USE, 2024-2029 (USD MILLION) 180
TABLE 186 ARGENTINA: ENGINE MARKET, BY END USE, 2021-2023 (USD MILLION) 181
TABLE 187 ARGENTINA: ENGINE MARKET, BY END USE, 2024-2029 (USD MILLION) 181
TABLE 188 CHILE: ENGINE MARKET, BY END USE, 2021-2023 (USD MILLION) 182
TABLE 189 CHILE: ENGINE MARKET, BY END USE, 2024-2029 (USD MILLION) 182
TABLE 190 REST OF SOUTH AMERICA: ENGINE MARKET, BY END USE,
2021-2023 (USD MILLION) 183
TABLE 191 REST OF SOUTH AMERICA: ENGINE MARKET, BY END USE,
2024-2029 (USD MILLION) 184
TABLE 192 ENGINE MARKET: OVERVIEW OF STRATEGIES ADOPTED
BY KEY PLAYERS, JANUARY 2019- SEPTEMBER 2024 185
TABLE 193 ENGINE MARKET: DEGREE OF COMPETITION, 2023 188
TABLE 194 ENGINE MARKET: REGION FOOTPRINT 194
TABLE 195 ENGINE MARKET: FUEL TYPE FOOTPRINT 195
TABLE 196 ENGINE MARKET: POWER RATING FOOTPRINT 196
TABLE 197 ENGINE MARKET: END USE FOOTPRINT 197
TABLE 198 ENGINE MARKET: SPEED FOOTPRINT 198
TABLE 199 ENGINE MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 201
TABLE 200 ENGINE MARKET: DETAILED LIST OF KEY STARTUPS/SMES 202
TABLE 201 ENGINE MARKET: PRODUCT LAUNCHES/DEVELOPMENTS,
JANUARY 2019- SEPTEMBER 2024 204
TABLE 202 ENGINE MARKET: DEALS, JANUARY 2019- SEPTEMBER 2024 205
TABLE 203 ENGINE MARKET: OTHER DEVELOPMENTS, JANUARY 2019- SEPTEMBER 2024 206
TABLE 204 CATERPILLAR: COMPANY OVERVIEW 208
TABLE 205 CATERPILLAR: PRODUCTS/SERVICES/SOLUTIONS OFFERED 209
TABLE 206 CATERPILLAR: PRODUCT LAUNCHES/DEVELOPMENTS 211
TABLE 207 CATERPILLAR: DEALS 213
TABLE 208 CATERPILLAR: OTHER DEVELOPMENTS 213
TABLE 209 CUMMINS INC.: COMPANY OVERVIEW 216
TABLE 210 CUMMINS INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED 217
TABLE 211 CUMMINS INC.: PRODUCT LAUNCHES 218
TABLE 212 CUMMINS INC.: DEALS 219
TABLE 213 CUMMINS INC.: OTHER DEVELOPMENTS 219
TABLE 214 GENERAL ELECTRIC COMPANY: COMPANY OVERVIEW 221
TABLE 215 GENERAL ELECTRIC COMPANY: PRODUCTS/SERVICES/SOLUTIONS OFFERED 222
TABLE 216 GENERAL ELECTRIC COMPANY: PRODUCT LAUNCHES/DEVELOPMENTS 225
TABLE 217 GENERAL ELECTRIC COMPANY: DEALS 225
TABLE 218 GENERAL ELECTRIC COMPANY: OTHER DEVELOPMENTS 226
TABLE 219 RTX: COMPANY OVERVIEW 228
TABLE 220 RTX: PRODUCTS/SERVICES/SOLUTIONS OFFERED 229
TABLE 221 RTX: DEALS 230
TABLE 222 RTX: OTHER DEVELOPMENTS 231
TABLE 223 GENERAL MOTORS: COMPANY OVERVIEW 233
TABLE 224 GENERAL MOTORS: PRODUCTS/SERVICES/SOLUTIONS OFFERED 234
TABLE 225 ROLLS ROYCE HOLDINGS: COMPANY OVERVIEW 236
TABLE 226 ROLLS ROYCE HOLDINGS: PRODUCTS/SERVICES/SOLUTIONS OFFERED 237
TABLE 227 ROLLS ROYCE HOLDINGS: PRODUCT LAUNCHES/DEVELOPMENTS 238
TABLE 228 ROLLS ROYCE HOLDINGS: DEALS 238
TABLE 229 ROLLS ROYCE HOLDINGS: OTHER DEVELOPMENTS 239
TABLE 230 MITSUBISHI HEAVY INDUSTRIES, LTD.: COMPANY OVERVIEW 241
TABLE 231 MITSUBISHI HEAVY INDUSTRIES, LTD.: PRODUCTS/SERVICES/
SOLUTIONS OFFERED 242
TABLE 232 MITSUBISHI HEAVY INDUSTRIES, LTD.: PRODUCT LAUNCHES/DEVELOPMENTS 243
TABLE 233 MITSUBISHI HEAVY INDUSTRIES, LTD.: DEALS 243
TABLE 234 HONEYWELL INTERNATIONAL INC.: COMPANY OVERVIEW 244
TABLE 235 HONEYWELL INTERNATIONAL INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED 245
TABLE 236 HONEYWELL INTERNATIONAL INC.: PRODUCT LAUNCHES/DEVELOPMENTS 246
TABLE 237 HONEYWELL INTERNATIONAL INC.: DEALS 247
TABLE 238 HONEYWELL INTERNATIONAL INC.: OTHER DEVELOPMENTS 248
TABLE 239 AB VOLVO: COMPANY OVERVIEW 249
TABLE 240 AB VOLVO: PRODUCTS/SERVICES/SOLUTIONS OFFERED 250
TABLE 241 AB VOLVO: PRODUCT LAUNCHES/DEVELOPMENTS 251
TABLE 242 AB VOLVO: DEALS 251
TABLE 243 SCANIA CV AB: COMPANY OVERVIEW 252
TABLE 244 SCANIA CV AB: PRODUCTS/SERVICES/SOLUTIONS OFFERED 253
TABLE 245 SCANIA CV AB: PRODUCT LAUNCHES/DEVELOPMENTS 254
TABLE 246 HONDA MOTOR CO., LTD.: COMPANY OVERVIEW 255
TABLE 247 HONDA MOTOR CO., LTD.: PRODUCTS/SERVICES/SOLUTIONS OFFERED 256
TABLE 248 HONDA MOTOR CO., LTD.: PRODUCT LAUNCHES/DEVELOPMENTS 258
TABLE 249 KAWASAKI HEAVY INDUSTRIES, LTD.: COMPANY OVERVIEW 259
TABLE 250 KAWASAKI HEAVY INDUSTRIES, LTD.: PRODUCTS/SERVICES/SOLUTIONS OFFERED 260
TABLE 251 KAWASAKI HEAVY INDUSTRIES, LTD.: PRODUCT LAUNCHES/DEVELOPMENTS 261
TABLE 252 TOYOTA INDUSTRIES CORPORATION: COMPANY OVERVIEW 262
TABLE 253 TOYOTA INDUSTRIES CORPORATION: PRODUCTS/SERVICES/SOLUTIONS OFFERED 263
TABLE 254 SAFRAN: COMPANY OVERVIEW 265
TABLE 255 SAFRAN: PRODUCTS/SERVICES/SOLUTIONS OFFERED 266
TABLE 256 SAFRAN: DEALS 267
TABLE 257 SAFRAN: EXPANSIONS 268
TABLE 258 WARTSILA: COMPANY OVERVIEW 269
TABLE 259 WARTSILA: PRODUCTS/SERVICES/SOLUTIONS OFFERED 270
FIGURE 1 ENGINE MARKET SEGMENTATION AND REGIONAL SCOPE 24
FIGURE 2 ENGINE MARKET: RESEARCH DESIGN 29
FIGURE 3 ENGINE MARKET: DATA TRIANGULATION 34
FIGURE 4 KEY METRICS CONSIDERED TO ANALYZE DEMAND FOR ENGINES 35
FIGURE 5 ENGINE MARKET: BOTTOM-UP APPROACH 36
FIGURE 6 ENGINE MARKET: TOP-DOWN APPROACH 38
FIGURE 7 KEY STEPS CONSIDERED TO ASSESS SUPPLY OF ENGINES 39
FIGURE 8 ENGINE MARKET SIZE ESTIMATION METHODOLOGY (SUPPLY SIDE) 39
FIGURE 9 ENGINE MARKET: RESEARCH ASSUMPTIONS 41
FIGURE 10 ENGINE MARKET: RESEARCH LIMITATIONS 41
FIGURE 11 ASIA PACIFIC ACCOUNTED FOR LARGEST SHARE OF ENGINE MARKET IN 2023 43
FIGURE 12 DIESEL SEGMENT TO CAPTURE LARGEST MARKET SHARE IN 2024 44
FIGURE 13 VERY HIGH SEGMENT TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD 44
FIGURE 14 BELOW 0.5 MW SEGMENT TO DOMINATE ENGINE MARKET FROM 2024 TO 2029 45
FIGURE 15 AUTOMOTIVE SEGMENT TO HOLD LARGEST MARKET SHARE IN 2029 45
FIGURE 16 INCREASING DEMAND FOR UNINTERRUPTED POWER SUPPLY TO DRIVE
ENGINE MARKET 46
FIGURE 17 AUTOMOTIVE SEGMENT AND CHINA TO HOLD LARGEST SHARES OF ASIA PACIFIC ENGINE MARKET IN 2029 47
FIGURE 18 AUTOMOTIVE SEGMENT TO CAPTURE LARGEST MARKET SHARE IN 2029 47
FIGURE 19 VERY HIGH SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2029 48
FIGURE 20 DIESEL SEGMENT TO HOLD LARGEST MARKET SHARE IN 2029 48
FIGURE 21 BELOW 0.5 MW SEGMENT TO CAPTURE LARGEST SHARE OF ENGINES
MARKET IN 2029 49
FIGURE 22 ENGINE MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 51
FIGURE 23 GLOBAL FINAL ELECTRICITY DEMAND, BY APPLICATION, 2015 VS. 2022 52
FIGURE 24 GROWING GLOBAL POPULATION, 2015-2023 54
FIGURE 25 GLOBAL CARBON DIOXIDE EMISSIONS FROM ENERGY COMBUSTION AND INDUSTRIAL PROCESSES, 2015-2023 57
FIGURE 26 OFF-GRID RENEWABLE ENERGY CAPACITY, BY ENERGY SOURCE, 2021-2023 58
FIGURE 27 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 60
FIGURE 28 AVERAGE SELLING PRICE TREND OF ENGINES, BY REGION, 2021-2023 62
FIGURE 29 VALUE CHAIN ANALYSIS 63
FIGURE 30 ENGINE ECOSYSTEM ANALYSIS 64
FIGURE 31 INVESTMENT AND FUNDING SCENARIO, 2024 66
FIGURE 32 PATENTS APPLIED AND GRANTED, 2014-2023 68
FIGURE 33 EXPORT SCENARIO FOR HS CODE 8407-COMPLIANT PRODUCTS FOR TOP 5 COUNTRIES, 2021-2023 73
FIGURE 34 IMPORT SCENARIO FOR HS CODE 8407-COMPLIANT PRODUCTS FOR TOP 5 COUNTRIES, 2021-2023 75
FIGURE 35 PORTER'S FIVE FORCES ANALYSIS 86
FIGURE 36 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END USES 87
FIGURE 37 KEY BUYING CRITERIA FOR TOP THREE END USES 88
FIGURE 38 IMPACT OF GENERATIVE AI/AI ON REGIONAL ENGINE MARKET, BY END USE 90
FIGURE 39 ENGINE MARKET SHARE, BY FUEL TYPE, 2023 95
FIGURE 40 ENGINE MARKET SHARE, BY SPEED, 2023 102
FIGURE 41 ENGINE MARKET SHARE, BY POWER RATING, 2023 108
FIGURE 42 ASIA PACIFIC TO REGISTER HIGHEST CAGR IN ENGINE MARKET DURING
FORECAST PERIOD 122
FIGURE 43 ENGINE MARKET SHARE, BY REGION, 2023 122
FIGURE 44 ASIA PACIFIC: ENGINE MARKET SNAPSHOT 125
FIGURE 45 NORTH AMERICA: ENGINE MARKET SNAPSHOT 138
FIGURE 46 MARKET SHARE ANALYSIS OF COMPANIES OFFERING ENGINES, 2023 189
FIGURE 47 ENGINE MARKET: REVENUE ANALYSIS OF FIVE KEY PLAYERS, 2019-2023 190
FIGURE 48 ENGINE MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023 192
FIGURE 49 ENGINE MARKET: COMPANY FOOTPRINT 193
FIGURE 50 ENGINE MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023 200
FIGURE 51 COMPANY VALUATION, 2024 202
FIGURE 52 FINANCIAL METRICS, 2024 203
FIGURE 53 ENGINE MARKET: PRODUCT COMPARISON 203
FIGURE 54 CATERPILLAR: COMPANY SNAPSHOT 209
FIGURE 55 CUMMINS INC.: COMPANY SNAPSHOT 217
FIGURE 56 GENERAL ELECTRIC COMPANY: COMPANY SNAPSHOT 222
FIGURE 57 RTX: COMPANY SNAPSHOT 229
FIGURE 58 GENERAL MOTORS: COMPANY SNAPSHOT 234
FIGURE 59 ROLLS ROYCE HOLDINGS: COMPANY SNAPSHOT 237
FIGURE 60 MITSUBISHI HEAVY INDUSTRIES, LTD.: COMPANY SNAPSHOT 242
FIGURE 61 HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT 245
FIGURE 62 AB VOLVO: COMPANY SNAPSHOT 250
FIGURE 63 SCANIA CV AB: COMPANY SNAPSHOT 253
FIGURE 64 HONDA MOTOR CO., LTD.: COMPANY SNAPSHOT 256
FIGURE 65 KAWASAKI HEAVY INDUSTRIES, LTD.: COMPANY SNAPSHOT 260
FIGURE 66 TOYOTA INDUSTRIES CORPORATION: COMPANY SNAPSHOT 263
FIGURE 67 SAFRAN: COMPANY SNAPSHOT 266
FIGURE 68 WARTSILA: COMPANY SNAPSHOT 270
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Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
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- Confirm Content
- Prices / Formats / Delivery
- Prices
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All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
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- Discounts
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As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
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- Available Currencies
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Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
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- Licenses
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License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
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- Global Site License
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The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
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- Formats
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The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
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- Delivery
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Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
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- Shipping Charges
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As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
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- Prices
- Ordering
- By Credit Card
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We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
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- By Money Transfer
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If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
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- By Credit Card
- Security
- Website security
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We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
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- Credit Card Security
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We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
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- Website security