U.S. - Generators For Internal Combustion Engines - Market Analysis, Forecast, Size, Trends and Insights
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View PricingU.S. Engine Generator Imports Climb by 5%, Reaching a Record $1.4 Billion in 2023
U.S. Engine Generator Imports
In 2023, overseas purchases of generators for internal combustion engines increased by 0.3% to 18M units, rising for the third year in a row after two years of decline. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when imports increased by 70% against the previous year. As a result, imports attained the peak of 21M units. From 2016 to 2023, the growth of imports failed to regain momentum.
In value terms, engine generator imports rose to $1.4B (IndexBox estimates) in 2023. The total import value increased at an average annual rate of +1.7% over the period from 2013 to 2023; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 21%. Imports peaked in 2023 and are expected to retain growth in the near future.
| COUNTRY | Import Value of Engine Generator in U.S. (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| Mexico | 551 | 549 | 639 | 672 | 684 | 682 | 675 | 548 | 637 | 694 | 772 |
| Japan | 375 | 422 | 434 | 346 | 239 | 274 | 242 | 186 | 221 | 250 | 265 |
| China | 89.1 | 89.2 | 97.9 | 97.3 | 117 | 119 | 110 | 102 | 131 | 143 | 136 |
| South Korea | 16.7 | 24.1 | 18.2 | 15.8 | 16.1 | 13.7 | 13.9 | 25.0 | 55.4 | 77.9 | 46.6 |
| France | 30.3 | 32.0 | 33.6 | 31.4 | 28.4 | 27.8 | 29.1 | 24.0 | 40.6 | 36.5 | 30.0 |
| Others | 94.9 | 91.2 | 87.2 | 84.7 | 108 | 123 | 105 | 98.9 | 99.7 | 110 | 125 |
| Total | 1,157 | 1,207 | 1,310 | 1,247 | 1,193 | 1,240 | 1,175 | 983 | 1,186 | 1,312 | 1,374 |
Imports by Country
In 2023, Mexico (11M units) constituted the largest engine generator supplier to the United States, with a 57% share of total imports. Moreover, engine generator imports from Mexico exceeded the figures recorded by the second-largest supplier, Japan (3.3M units), threefold. The third position in this ranking was taken by China (2.3M units), with a 13% share.
From 2013 to 2023, the average annual growth rate of volume from Mexico was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-3.1% per year) and China (+3.6% per year).
In value terms, Mexico ($772M) constituted the largest supplier of generators for internal combustion engines to the United States, comprising 56% of total imports. The second position in the ranking was held by Japan ($265M), with a 19% share of total imports. It was followed by China, with a 9.9% share.
From 2013 to 2023, the average annual growth rate of value from Mexico amounted to +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-3.4% per year) and China (+4.3% per year).
Import Prices by Country
In 2023, the engine generator price amounted to $75 per unit (CIF, US), rising by 4.4% against the previous year. Over the period from 2013 to 2023, it increased at an average annual rate of +1.7%. The pace of growth appeared the most rapid in 2014 an increase of 58%. As a result, import price attained the peak level of $100 per unit. From 2015 to 2023, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($81 per unit), while the price for Malaysia ($53 per unit) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Mexico (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the engine generator market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 29312250 - Generators for internal combustion engines (including dynamos and alternators) (excluding dual-purpose startergenerators)
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
