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PUBLISHER: Grand View Research | PRODUCT CODE: 1751245
PUBLISHER: Grand View Research | PRODUCT CODE: 1751245
Industrial Engine Market Size, Share & Trends Analysis Report By Horsepower (201 - 500 HP, 501 - 1000 HP, Above 1000 HP), By Application (Power Generation, Construction), By Region, And Segment Forecasts, 2025 - 2030
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PAGES: 150 Pages
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Industrial Engine Market Size & Trends:
The global industrial engine market size was estimated at USD 56,954.4 million in 2024 and is expected to grow at a CAGR of 6.4% from 2025 to 2030. The rising demand for heavy-duty engines in construction, mining, agriculture, and marine sectors primarily drives market growth.
Infrastructure development accelerates globally, and in emerging economies, there is an increasing need for robust and efficient engines capable of delivering high performance in demanding environments. The growing focus on fuel efficiency and compliance with stringent emission regulations pushes manufacturers to innovate in engine design and integrate cleaner technologies.
Adopting hybrid and alternative fuel-based engines is gaining momentum, further contributing to market growth. The increasing focus on energy efficiency and emissions reduction significantly influences the market, as governments and regulatory bodies globally tighten emissions standards. Manufacturers are investing in advanced combustion technologies, hybrid systems, and alternative fuel engines to meet these evolving regulations. This shift is encouraging innovation and pushing the development of next-generation engines that are cleaner and more efficient, thus driving growth in the industrial engine industry.
In addition, the marine and shipping industries are contributing to market growth. The increasing global trade and movement of goods by sea are driving demand for powerful, fuel-efficient marine engines. Stricter environmental regulations in the maritime sector are pushing the adoption of cleaner and more technologically advanced engine solutions, further fueling the industrial engine industry.
Furthermore, the mining industry's growth and rising adoption of autonomous and heavy-duty machinery drive demand for industrial engines. These engines are critical in powering haul trucks, loaders, and drilling rigs, especially in remote or rugged terrains. Global demand for minerals and metals increases, and engine manufacturers are innovating to offer durable, high-performance engines tailored for mining applications, thereby supporting overall market growth.
Moreover, the need for modern agriculture increasingly relies on mechanization to boost productivity and efficiency, and the use of tractors, harvesters, and other farming equipment powered by industrial engines is growing. This trend is particularly strong in emerging markets where governments promote agricultural modernization, thus contributing to market expansion.
Global Industrial Engine Market Report Segmentation
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest technological trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global industrial engine market report based on horsepower, application, and region:
- Horsepower Outlook (Revenue, USD Million, 2018 - 2030)
- Up to 200 HP
- 201 - 500 HP
- 501 - 1000 HP
- Above 1000 HP
- Application Outlook (Revenue, USD Million, 2018 - 2030)
- Power Generation
- Construction
- Mining
- Agriculture
- Railways
- Oil & Gas
- Transportation & Logistics
- Manufacturing
- Others
- Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Latin America
- Brazil
- Middle East & Africa
- Saudi Arabia
- South Africa
- UAE
Product Code: GVR-4-68040-585-7
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definitions
- 1.2.1. Information analysis
- 1.2.2. Market formulation & data visualization
- 1.2.3. Data validation & publishing
- 1.3. Research Scope and Assumptions
- 1.3.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Industrial Engine Market Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.2. Market Dynamics
- 3.2.1. Market Driver Analysis
- 3.2.2. Market Restraint Analysis
- 3.2.3. Deployment Challenge
- 3.3. Industrial Engine Market Analysis Tools
- 3.3.1. Deployment Analysis - Porter's
- 3.3.1.1. Bargaining power of the suppliers
- 3.3.1.2. Bargaining power of the buyers
- 3.3.1.3. Threats of substitution
- 3.3.1.4. Threats from new entrants
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Economic landscape
- 3.3.2.3. Social landscape
- 3.3.2.4. Technological landscape
- 3.3.2.5. Environmental landscape
- 3.3.2.6. Legal landscape
- 3.3.1. Deployment Analysis - Porter's
Chapter 4. Industrial Engine Market: Horsepower Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Industrial Engine Market: Horsepower Movement Analysis, USD Million, 2024 & 2030
- 4.3. Up to 200 HP
- 4.3.1. Up to 200 HP Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4. 201 - 500 HP
- 4.4.1. 201 - 500 HP Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5. 501 - 1000 HP
- 4.5.1. 501 - 1000 HP Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.6. Above 1000 HP
- 4.6.1. Above 1000 HP Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 5. Industrial Engine Market: Application Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Industrial Engine Market: Application Movement Analysis, USD Million, 2024 & 2030
- 5.3. Power Generation
- 5.3.1. Power Generation Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4. Construction
- 5.4.1. Construction Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.5. Mining
- 5.5.1. Mining Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.6. Agriculture
- 5.6.1. Agriculture Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.7. Railways
- 5.7.1. Railways Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.8. Oil & Gas
- 5.8.1. Oil & Gas Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.9. Transportation & Logistics
- 5.9.1. Transportation & Logistics Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.10. Manufacturing
- 5.10.1. Manufacturing Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.11. Others
- 5.11.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. Regional Estimates & Trend Analysis
- 6.1. Industrial Engine Market by Region, 2024 & 2030
- 6.2. North America
- 6.2.1. North America Industrial Engine Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.2.2. U.S.
- 6.2.2.1. Industrial Engine Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.2.3. Canada
- 6.2.3.1. Canada Industrial Engine Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.2.4. Mexico
- 6.2.4.1. Mexico Industrial Engine Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3. Europe
- 6.3.1. Europe Industrial Engine Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.2. UK
- 6.3.2.1. UK Industrial Engine Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.3. Germany
- 6.3.3.1. Germany Industrial Engine Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.4. France
- 6.3.4.1. France Industrial Engine Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4. Asia Pacific
- 6.4.1. Asia Pacific Industrial Engine Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.2. China
- 6.4.2.1. China Industrial Engine Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.3. Japan
- 6.4.3.1. Japan Industrial Engine Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.4. India
- 6.4.4.1. India Industrial Engine Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.5. South Korea
- 6.4.5.1. South Korea Industrial Engine Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.6. Australia
- 6.4.6.1. Australia Industrial Engine Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5. Latin America
- 6.5.1. Latin America Industrial Engine Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5.2. Brazil
- 6.5.2.1. Brazil Industrial Engine Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6. Middle East and Africa
- 6.6.1. Middle East and Africa Industrial Engine Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6.2. Saudi Arabia
- 6.6.2.1. Saudi Arabia Industrial Engine Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6.3. South Africa
- 6.6.3.1. South Africa Industrial Engine Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6.4. UAE
- 6.6.4.1. UAE Industrial Engine Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 7. Competitive Landscape
- 7.1. Company Categorization
- 7.2. Company Market Positioning
- 7.3. Company Heat Map Analysis
- 7.4. Company Profiles/Listing
- 7.4.1. Caterpillar
- 7.4.1.1. Participant's Overview
- 7.4.1.2. Financial Performance
- 7.4.1.3. Horsepower Benchmarking
- 7.4.1.4. Strategic Initiatives
- 7.4.2. Cummins Inc.
- 7.4.2.1. Participant's Overview
- 7.4.2.2. Financial Performance
- 7.4.2.3. Service Benchmarking
- 7.4.2.4. Strategic Initiatives
- 7.4.3. General Electric Company
- 7.4.3.1. Participant's Overview
- 7.4.3.2. Financial Performance
- 7.4.3.3. Service Benchmarking
- 7.4.3.4. Strategic Initiatives
- 7.4.4. Deere & Company
- 7.4.4.1. Participant's Overview
- 7.4.4.2. Financial Performance
- 7.4.4.3. Service Benchmarking
- 7.4.4.4. Strategic Initiatives
- 7.4.5. AB Volvo Penta
- 7.4.5.1. Participant's Overview
- 7.4.5.2. Financial Performance
- 7.4.5.3. Service Benchmarking
- 7.4.5.4. Strategic Initiatives
- 7.4.6. MAN Energy Solutions
- 7.4.6.1. Participant's Overview
- 7.4.6.2. Financial Performance
- 7.4.6.3. Service Benchmarking
- 7.4.6.4. Strategic Initiatives
- 7.4.7. Honda Motor Co.
- 7.4.7.1. Participant's Overview
- 7.4.7.2. Financial Performance
- 7.4.7.3. Service Benchmarking
- 7.4.7.4. Strategic Initiatives
- 7.4.8. MITSUBISHI HEAVY INDUSTRIES, LTD.
- 7.4.8.1. Participant's Overview
- 7.4.8.2. Financial Performance
- 7.4.8.3. Service Benchmarking
- 7.4.8.4. Strategic Initiatives
- 7.4.9. YANMAR HOLDINGS CO., LTD.
- 7.4.9.1. Participant's Overview
- 7.4.9.2. Financial Performance
- 7.4.9.3. Service Benchmarking
- 7.4.9.4. Strategic Initiatives
- 7.4.10. KUBOTA Corporation
- 7.4.10.1. Participant's Overview
- 7.4.10.2. Financial Performance
- 7.4.10.3. Service Benchmarking
- 7.4.10.4. Strategic Initiatives
- 7.4.1. Caterpillar
Product Code: GVR-4-68040-585-7
List of Tables
- Table 1 Industrial Engine Market Size Estimates & Forecasts 2018 - 2030 (USD Million)
- Table 2 Industrial Engine Market, By Horsepower 2018 - 2030 (USD Million)
- Table 3 Industrial Engine Market, By Application 2018 - 2030 (USD Million)
- Table 4 Up to 200 HP Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Table 5 201 - 500 HP Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Table 6 501 - 1000 HP Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Table 7 Above 1000 HP Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Table 8 Power Generation Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Table 9 Construction Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Table 10 Mining Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Table 11 Agriculture Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Table 12 Railways Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Table 13 Oil & Gas Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Table 14 Transportation & Logistics Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Table 15 Manufacturing Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Table 16 Others Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Table 17 North America Industrial Engine Market, By Horsepower 2018 - 2030 (USD Million)
- Table 18 North America Industrial Engine Market, By Application 2018 - 2030 (USD Million)
- Table 19 U.S. Industrial Engine Market, By Horsepower 2018 - 2030 (USD Million)
- Table 20 U.S. Industrial Engine Market, By Application 2018 - 2030 (USD Million)
- Table 21 Canada Industrial Engine Market, By Horsepower 2018 - 2030 (USD Million)
- Table 22 Canada Industrial Engine Market, By Application 2018 - 2030 (USD Million)
- Table 23 Mexico Industrial Engine Market, By Horsepower 2018 - 2030 (USD Million)
- Table 24 Mexico Industrial Engine Market, By Application 2018 - 2030 (USD Million)
- Table 25 Europe Industrial Engine Market, By Horsepower 2018 - 2030 (USD Million)
- Table 26 Europe Industrial Engine Market, By Application 2018 - 2030 (USD Million)
- Table 27 UK Industrial Engine Market, By Horsepower 2018 - 2030 (USD Million)
- Table 28 UK Industrial Engine Market, By Application 2018 - 2030 (USD Million)
- Table 29 Germany Industrial Engine Market, By Horsepower 2018 - 2030 (USD Million)
- Table 30 Germany Industrial Engine Market, By Application 2018 - 2030 (USD Million)
- Table 31 France Industrial Engine Market, By Horsepower 2018 - 2030 (USD Million)
- Table 32 France Industrial Engine Market, By Application 2018 - 2030 (USD Million)
- Table 33 Asia Pacific Industrial Engine Market, By Horsepower 2018 - 2030 (USD Million)
- Table 34 Asia Pacific Industrial Engine Market, By Application 2018 - 2030 (USD Million)
- Table 35 China Industrial Engine Market, By Horsepower 2018 - 2030 (USD Million)
- Table 36 China Industrial Engine Market, By Application 2018 - 2030 (USD Million)
- Table 37 Japan Industrial Engine Market, By Horsepower 2018 - 2030 (USD Million)
- Table 38 Japan Industrial Engine Market, By Application 2018 - 2030 (USD Million)
- Table 39 India Industrial Engine Market, By Horsepower 2018 - 2030 (USD Million)
- Table 40 India Industrial Engine Market, By Application 2018 - 2030 (USD Million)
- Table 41 South Korea Industrial Engine Market, By Horsepower 2018 - 2030 (USD Million)
- Table 42 South Korea Industrial Engine Market, By Application 2018 - 2030 (USD Million)
- Table 43 Australia Industrial Engine Market, By Horsepower 2018 - 2030 (USD Million)
- Table 44 Australia Industrial Engine Market, By Application 2018 - 2030 (USD Million)
- Table 45 Latin America Industrial Engine Market, By Horsepower 2018 - 2030 (USD Million)
- Table 46 Latin America Industrial Engine Market, By Application 2018 - 2030 (USD Million)
- Table 47 Brazil Industrial Engine Market, By Horsepower 2018 - 2030 (USD Million)
- Table 48 Brazil Industrial Engine Market, By Application 2018 - 2030 (USD Million)
- Table 49 Saudi Arabia Industrial Engine Market, By Horsepower 2018 - 2030 (USD Million)
- Table 50 Saudi Arabia Industrial Engine Market, By Application 2018 - 2030 (USD Million)
- Table 51 UAE Industrial Engine Market, By Horsepower 2018 - 2030 (USD Million)
- Table 52 UAE Industrial Engine Market, By Application 2018 - 2030 (USD Million)
- Table 53 South Africa Industrial Engine Market, By Horsepower 2018 - 2030 (USD Million)
- Table 54 South Africa Industrial Engine Market, By Application, 2018 - 2030 (USD Million)
List of Figures
- Fig. 1 Industrial engine market segmentation
- Fig. 2 Information procurement
- Fig. 3 Data analysis models
- Fig. 4 Market formulation and validation
- Fig. 5 Data validating & publishing
- Fig. 6 Industrial engine market snapshot
- Fig. 7 Industrial engine market segment snapshot
- Fig. 8 Industrial engine market competitive landscape snapshot
- Fig. 9 Market research process
- Fig. 10 Market driver relevance analysis (current & future impact)
- Fig. 11 Market restraint relevance analysis (current & future impact)
- Fig. 12 Industrial engine market, by horsepower, key takeaways
- Fig. 13 Industrial engine market, by horsepower, market share, 2024 & 2030
- Fig. 14 Up to 200 HP market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig. 15 201 - 500 HP market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig. 16 501 - 1000 HP market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig. 17 Above 1000 HP market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig. 18 Industrial engine market, by application, key takeaways
- Fig. 19 Industrial engine market, by application, market share, 2024 & 2030
- Fig. 20 Power generation market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig. 21 Construction market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig. 22 Mining market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig. 23 Agriculture market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig. 24 Railways market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig. 25 Oil & gas market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig. 26 Transportation & logistics market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig. 27 Manufacturing market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig. 28 Others market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig. 29 Regional marketplace: key takeaways
- Fig. 30 North America industrial engine market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 31 U.S. industrial engine market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 32 Canada industrial engine market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 33 Mexico industrial engine market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 34 Europe industrial engine market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 35 UK industrial engine market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 36 Germany industrial engine market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 37 France industrial engine market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 38 Asia Pacific industrial engine market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 39 Japan industrial engine market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 40 China industrial engine market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 41 India industrial engine market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 42 South Korea industrial engine market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 43 Australia industrial engine market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 44 Latin America industrial engine market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 45 Brazil industrial engine market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 46 Middle East & Africa industrial engine market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 47 Saudi Arabia industrial engine market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 48 South Africa industrial engine market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 49 UAE industrial engine market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 50 Key company categorization
- Fig. 51 Strategy framework
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