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Industrial Engine Market Share

Report ID: GMI11031
Published Date: Aug 2024
Report Format: PDF

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Industrial Engine Market Share

Global Global Industrial Engine Company Market Share Analysis, 2023

With several key players competing for market share. Companies such as Caterpillar, Cummins Inc., Deere & Company, Detroit Diesel Corporation, and Kawasaki Heavy Industries, Ltd. were among the prominent players in this market. They are expected to hold a market share of around 10% in 2023 in the global market. There are large number of players operating in the market. However, consumers are more inclined towards branded and high-quality products across the world.

Industrial Engine Market Share

Some of the key players profiled in the industrial engine industry report include:

Caterpillar
Cummins Inc.
Deere & Company
Detroit Diesel Corporation
HDHyundai Heavy Industries Engine & Machinery
Honda Motor Co., Inc.
Jeemar Power Co.,Ltd
Kawasaki Heavy Industries, Ltd.
Kirloskar
Kohler
KUBOTA Corporation
MITSUBISHI
Perkins Engines Company Limited
Siemens Energy
YANMAR HOLDINGS CO., LTD.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of industrial engine was reached USD 125.1 billion in 2023 and is anticipated to record a 4.5% CAGR from 2024 to 2032, driven by industrialization and advancements in technology.

The diesel segment of industrial engine market was valued at USD 70.9 Billion in 2023 and is expected to reach USD 91.3 billion by 2032, owing to its robustness, dependability, and high torque.

Asia Pacific industrial engine market held a share of around 42% in 2023 and is predicted to grow at over 5.8% during 2024 to 2032, driven by a surge in industrial activities.

Caterpillar, Cummins Inc, Deere & Company, Detroit Diesel Corporation, HDHyundai Heavy Industries Engine & Machinery, Honda Motor Co., Inc, Jeemar Power Co.,Ltd among others.