The market is dominated by domestic suppliers, as imports account for 20.5% of total market size in 2022. B2B drives market demand, with B2B spending representing 99.4% of total demand in 2022. India has the sixth largest market size for engines and turbines, except aircraft, vehicle and cycle engines regionally, with demand reaching USD3.4 billion in 2022. Suzlon Energy Ltd is the largest company in India, generating 8.4% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 22.7% of total production value in 2022. The total number of companies decreases in 2022, to 99,141 units. The costs of the industry decrease by 0.9% in 2022, largely driven by declining labour costs. The industry’s profitability decreases and stands at 7.4% of production value in 2022, the 16th highest regionally. The industry’s exports share increases in 2022 to 18.0% of total production output. With production value of USD3.1 billion, India accounts for 3.4% of the Asia Pacific total in 2022.
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This Euromonitor industrial report provides unique information on Engines and Turbines, Except Aircraft, Vehicle and Cycle Engines in India: ISIC 2911. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Engines and Turbines, Except Aircraft, Vehicle and Cycle Engines in India: ISIC 2911 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of general purpose machinery and special purpose machinery.
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