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Engine Manufacturing in China Industry Data and Analysis
China's economic growth has driven demand for the machinery manufacturing industries in recent years. The rapid development of many downstream sectors, including engineering machinery, farming machinery and traffic engineering, contributed to the development of the Engine Manufacturing industry in China. Industry revenue is expected to increase at an annualized 6.3% over the five years through 2024, to $47.2 billion. This includes growth of 2.9% in the current year.The industry insists on research and development to improve product performance, which increases the added value of products. Industry profits will improve overall in the future. Industry profit is expected to total 9.6% of revenue in 2024. The industry demand for high-end technical talents will increase, and the low-end labor force will decrease, which will lead to the increase of per capita wages in the industry. Total wages are expected to rise by an annualized 4.3% over the five years through 2024, to $2.5 billion.Industry revenue is forecast to increase at an annualized 4.0% over the five years through 2029, to $57.4 billion. Steady increases in domestic and foreign demand are anticipated to largely drive growth. With the implementation of the national new infrastructure policy, it will promote the R&D and production of various high-end equipment products in China. The demand for engine products will increase as well.The import and export trade of the industry showed good development. The export market is expected to grow at an average rate of 3.5% in the next five years while the import market will increase at a CAGR of 1.7%, to $13.6 billion.Increasing environmental concerns will likely increase demand for with high-quality, energy-saving products. Engine Manufacturing in China should accelerate efforts to improve thermal efficiency by relying on AI and big data. In addition, alternative fuels like natural gas and oil will help the development of engine manufacturing industry. In the future, with the continuous upgrading of national emission standards, improving the technical level of engines and developing clean green power will become an important direction of future industry development.
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What's included in this industry analysis
IBISWorld's research coverage on the Engine Manufacturing industry in China includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released April 2025.
About this industry
What's this industry report about?
The Engine Manufacturing industry in China operates under the industry code 3512. The Engine Manufacturing industry in China manufactures rotary, spark-ignition, and compression-ignition internal combustion engines and fittings for mobile or fixed usage. Aircraft, automobile and motorcycle engines are not included in the industry. Related terms covered in the Engine Manufacturing industry in China include reciprocating engine, rotary engine, compression-ignition engine and spark-ignition engine.
What's included in this industry?
Products and services covered in Engine Manufacturing industry in China include Fuel engines, Alternative fuel engines and Engine components.
What companies are included in this industry?
Companies covered in the Engine Manufacturing industry in China include Weichai Power Co., Ltd., China Shipbuilding Industry Group Power Co., Ltd. and Cummins (China) Investment Company Limited.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Engine Manufacturing industry in China.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Engine Manufacturing industry in China.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Engine Manufacturing industry in China.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Engine Manufacturing industry in China. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Engine Manufacturing industry in China. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Engine Manufacturing industry in China. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Engine Manufacturing industry in China. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Engine Manufacturing industry in China.
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Frequently Asked Questions
What is the market size of the Engine Manufacturing industry in China in 2026?
The market size of the Engine Manufacturing industry in China is $47.2bn in 2026.
How many businesses are there in the Engine Manufacturing industry in China in 2025?
There are 682 businesses in the Engine Manufacturing industry in China, which has grown at a CAGR of 3.6 % between 2020 and 2025.
How may import tariffs affect the Engine Manufacturing industry in China?
The Engine Manufacturing industry in China is likely to be impacted by import tariffs with imports accounting for a moderate share of industry revenue.
How may export tariffs affect the Engine Manufacturing industry in China?
The Engine Manufacturing industry in China is likely to be significantly impacted by export tariffs with exports accounting for a high share of industry revenue.
Has the Engine Manufacturing industry in China grown or declined over the past 5 years?
The market size of the Engine Manufacturing industry in China has been growing at a CAGR of 6.3 % between 2020 and 2025.
What is the forecast growth of the Engine Manufacturing industry in China over the next 5 years?
Over the next five years, the Engine Manufacturing industry in China is expected to grow.
What are the biggest companies in the Engine Manufacturing industry in China?
The biggest companies operating in the Engine Manufacturing industry in China are Weichai Power Co., Ltd., China Shipbuilding Industry Group Power Co., Ltd. and Cummins (China) Investment Company Limited
What does the Engine Manufacturing industry in China include?
Fuel engines and Alternative fuel engines are part of the Engine Manufacturing industry in China.
Which companies have the highest market share in the Engine Manufacturing industry in China?
The company holding the most market share in the Engine Manufacturing industry in China is Weichai Power Co., Ltd..
How competitive is the Engine Manufacturing industry in China?
The level of competition is high and steady in the Engine Manufacturing industry in China.
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