Global Industrial Engine Market Size & Outlook, 2025-2030
Global industrial engine market, 2018-2030 (US$M)
Related Markets
Global industrial engine market highlights
- The global industrial engine market generated a revenue of USD 56,954.4 million in 2024 and is expected to reach USD 81,880.7 million by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 6.4% by 2030.
- In terms of segment, 501 to 1000 hp accounted for a revenue of USD 22,877.4 million in 2024.
- Above 1000 HP is the most lucrative by horsepower segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2024.
- Country-wise, China is expected to register the highest CAGR from 2025 to 2030.
Global data book summary
| Market revenue in 2024 | USD 56,954.4 million |
| Market revenue in 2030 | USD 81,880.7 million |
| Growth rate | 6.4% (CAGR from 2025 to 2030) |
| Largest segment | 501 to 1000 hp |
| Fastest growing segment | Above 1000 HP |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Up to 200 HP, 201 to 500 HP, 501 to 1000 HP, Above 1000 HP |
Other key industry trends
- In terms of revenue, the North America accounted for 27.0% of the global industrial engine market in 2024.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, China is the fastest growing regional market and is projected to reach USD 16,468.8 million by 2030.
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Industrial Engine Market Scope
Industrial Engine Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Volvo Penta | View profile | 1001-5000 | Gothenburg, Vastra Gotaland, Sweden, Europe | http://www.volvopenta.com |
| Honda Motor | View profile | 10001+ | Tokyo, Tokyo, Japan, Asia | https://www.honda.co.jp |
| MAN Energy Solutions | View profile | 10001+ | Munich, Bayern, Germany, Europe | https://www.man-es.com/ |
| Yanmar | View profile | 1001-5000 | Adairsville, Georgia, United States, North America | http://yanmar.com |
| General Electric | View profile | 10001+ | Boston, Massachusetts, United States, North America | http://www.ge.com |
| Kubota Corp | View profile | 65532 | 2-47, Shikitsuhigashi 1-Chome, Naniwa-ku, Osaka, Japan, 556-8601 | http://www.kubota.co.jp |
| Cummins Inc | View profile | 75500 | 500 Jackson Street, Box 3005, Columbus, IN, United States, 47202-3005 | https://www.cummins.com |
| Mitsubishi Heavy Industries Ltd | View profile | 86331 | 2-3 Marunouchi 3-chome, Chiyoda-ku, Tokyo, Japan, 100-8332 | https://www.mhi.com |
| Deere & Co | View profile | 83000 | One John Deere Place, Moline, IL, United States, 61265 | https://www.deere.com |
| Caterpillar Inc | View profile | 121173 | 5205 N. O'Connor Boulevard, Suite 100, Irving, TX, United States, 75039 | https://www.caterpillar.com |
Global industrial engine market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to industrial engine market will help companies and investors design strategic landscapes.
501 to 1000 hp was the largest segment with a revenue share of 40.17% in 2024. Horizon Databook has segmented the Global industrial engine market based on up to 200 hp, 201 to 500 hp, 501 to 1000 hp, above 1000 hp covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Industrial Engine By Horsepower Outlook (Revenue, USD Million, 2018-2030)
- Up to 200 HP
- 201 to 500 HP
- 501 to 1000 HP
- Above 1000 HP
- Global Industrial Engine By Application Outlook (Revenue, USD Million, 2018-2030)
- Power Generation
- Construction
- Mining
- Agriculture
- Railways
- Oil & Gas
- Transportation & Logistics
- Manufacturing
- Others
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Target buyers of Global industrial engine market databook
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Our clientele includes a mix of industrial engine market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global industrial engine market , including forecasts for subscribers. This global databook contains high-level insights into Global industrial engine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global industrial engine market size, by regions, 2018-2030 (US$M)
Top 10 countries: Industrial engine market size, 2024 (US$M)
Global industrial engine market share, by by horsepower, 2024 & 2030 (%, US$M)
Industrial engine market: Opportunity assessment by country
Global industrial engine market, by region, 2024 (US$M)
Related statistics
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