Publish Date: August 2026
Updated Tariff & Recession Risk Analysis and Forecasts
The Engine & Power Equipment Manufacturing Market Report covers the $46.9 billion industry which produces energy conversion systems spanning internal combustion engines, turbines, generators, and related power transmission components. Competitive structure encompasses global power equipment corporations alongside specialized manufacturers focused on particular engine technologies or application sectors. Market demands increasingly emphasize energy efficiency, emissions reduction, power density, and increasingly alternative power sources supporting decarbonization initiatives. Manufacturers face challenges balancing advanced engineering requirements, emissions regulatory compliance, aftermarket service development, and tariff implications affecting both component sourcing and international market access. Successful companies establish advantages through advanced engineering optimizing efficiency and emissions performance, specialized designs addressing particular power requirements, comprehensive service networks ensuring operational support, and increasingly hybrid and alternative power technologies addressing evolving market demands in a sector where performance capabilities and reliability drive customer preference.
Engine & Power Equipment Manufacturing Industry Definition
Engine & Power Equipment Manufacturing produces systems that generate, transmit, and control mechanical power for industrial, transportation, and power generation applications. Companies design and manufacture turbines, internal combustion engines, transmissions, gears, and power transfer components that convert energy into useful work. Manufacturing processes include precision casting and machining of components, assembly of complex mechanical systems, integration of control electronics, sophisticated testing under load conditions, and certification to performance standards. These businesses create fundamental power systems used throughout industry and infrastructure. The industry continuously improves energy efficiency, emissions performance, power density, and reliability while developing enhanced control systems, alternative fuel capabilities, and hybridization technologies that address evolving performance requirements and environmental regulations across diverse applications.
NAICS Code: 3336
Total # of Companies: 766
Total # of Factories / Facilities: 933
Industry Employees: 97,629
Market Size: $46.9 billion
TARIFF IMPACT (Summer 2025 – Download Report for Updated Analysis)
This report has in-depth analysis on the recent US tariff changes on material costs, quantifying import dependencies, tariff exposure rates, and key source countries for the engine & power equipment manufacturing sector.
Estimated Tariff Cost: $2.7 billion
Relative Tariff Impact: VERY HIGH
Engine & Power Equipment Manufacturing Report Format
The 2026 U.S. Engine & Power Equipment Manufacturing Market Report is 63 pages of deep insights into the trends, dynamics, and forecasts shaping the industry. This market report is utilized by professionals to gain a in-depth understanding of the sector for business strategy, planning, forecasting, benchmarking, industry analysis, valuations, identifying organizational inefficiencies, financial analysis, and more.
This report covers more than 100 statistical data sets with historical trend data from 2017 to 2025, and 2026 and 2030 forecasts. The report includes sales & expense trends, detailed breakdown on 26 expenses, extensive financial analysis, extensive forecasts, plant inventory analysis, composition of balance sheets, segmentation by business size and structure, competitive intensity analysis, material costs benchmarks, profit margin analysis, state statistics, plant productivity benchmarks, organizational breakdown, 4 years of inflation analysis, wage analysis, in-depth productivity analysis, and numerous other data sets.
Below are a few page images from the report and check out the table of contents for a complete overview.
Report Table of Contents
Review the table of contents to appreciate why thousands of professionals, bankers, consultants, accountants, and other executives rely on Kentley Insights for data-rich industry insights.
For this report, the core data is sourced from comprehensive business, operational, and economic surveys conducted by government and private institutions and filled out by a statistically significant number of companies in the engine & power equipment manufacturing sector. Our analysts develop the forecasts utilizing econometric models based on historical statistical analysis, industry trends and dynamics, macroeconomic analysis & forecasts.
1-2 – Market Report Overview & Contents
3 – Market Overview
– Data Sources & Methodology
– Sector Definition & Examples
– Market Commentary
4 – Report Synopsis – Revenue & Growth
5 – Report Synopsis – Costs & Profitability
SECTION ONE
REVENUE & GROWTH
7 – Market Size Details
– Industry Revenues, Companies, & Facilities
– Analysis 2017-2025
– 2026 & 2030 Forecasts
8 – Growth Benchmarks
– Sales per Company and Plant
– Analysis 2017-2025
– 2026 & 2030 Forecasts
9 – Product Lines Revenue
10 – BCG Matrix – Income vs. Revenue Growth
11 – Total Industry Sales by Month & Year (2021-2025)
12 – Inventory Value by Month & Year (2021-2025)
13 – Months of Inventory (2021-2025)
14 – Sector Revenue by Segments
– Business Concentration, Size, & Structure
15 – Market Size by State
– Market Size and Rankings
16 – Market Size as a % of State GDP
17 – Sales as a % of State Manufacturing
18 – Market Segmentation by Business Size
19 – Market Segmentation by Business Size
– Business Size Segments – 1-4, 5-9, 10-20, 21-50, 51-100, 101-250, & 250+ employees
– Companies, Facilities, Sales, Employees & Payroll
20 – Segmentation by Concentration (Top 50 Companies)
– Concentration Segments – Top 4, 5-8, 9-20, & 21-50 companies
– Companies, Facilities, Sales, Employees & Payroll
21 – Market Share of Top 50 Companies
22 – Subsector Market Share of Top 50 Companies
23 – Segmentation by Business Structure
– Business Structure Segments – C-Corporations, S-Corporations, Partnerships, & Sole Proprietorships
– Companies, Facilities, Sales, Employees & Payroll
24 – Revenue per Company by State
25 – Revenue per Company by Segments
26 – Revenue per Facility by State
27 – Revenue per Facility by Segment
28 – Subsector Market Size & Growth
29 – Subsector Sales per Company & Plant
30 – 5-Year Consolidation Analysis
31 – Employment Consolidation Analysis
32 – Subsector Consolidation Analysis
– Number of Companies & Facilities
33 – Subsector Consolidation Analysis
– Facilities & Employees per Company
COST, CAPITAL & FINANCIALS
35 – Profitability & Financial Ratio Analysis
Page 36 – Balance Sheet Metrics
– Assets and Liabilities indexed to industry revenue at 100
– 16 Current & Non-Current Assets Categories
– 15 Short-term, Long-term Liabilities, & Net Worth
37 – OPEX
– Industry OPEX Analysis
– 2017-2025 Trends, 2026 & 2030 Forecasts
38 – OPEX by Company & Plant
– OPEX per Company & Plant
– 2017-2025 Trends, 2026 & 2030 Forecasts
Page 39 – OPEX Detail
– 6 Employee Expense Categories
– 8 Cost of Material Categories
– 6 Buildings and Equipment Categories
– 8 Other Operating Expense Categories
-Inventory Breakdown: finished goods, work-in-progress, materials and supplies
40 – Production Material Costs & Tariff Analysis
– Top Production Material Costs Breakdown
– Industry & Material Tariff Analysis – % of costs, import %, tariff costs, source countries
41 – Producer Pricing Index
– 2017-2025 Trends, 2026 & 2030 Forecasts
– Monthly PPI Figures for the Past 4 Years
42 – Plant Utilization & Hours
– Plant Utilization Rate
– Plant Operational Hours per Week
– 2022-2025 Historical Figures by Quarter
43 – Reasons for Non-Full Production
– 7 Categories Quarterly Survey Results for Past 2 Years
44 – Productivity & Employment
– Revenue per Employee
– Total Number of Employees
– Employees per Company
– 2017-2025 Trends, 2026 & 2030 Forecasts
45 – Employee Productivity by Segments
46 – Employee Productivity by State
47 –Subsector Sales & Payroll per Employee
48 – Payroll
– Payroll per Employee, Company, & Plant
– 2017-2025 Trends, 2026 & 2030 Forecasts
49 – Payroll per Company by Segments
50 – Payroll per Plant by Segments
51 – Payroll per Employee by Segments
52 – Payroll per Employee by State
53 – Employee Composition
– % of Employees for 27 Job Categories
54 – Job Categorization Pay Ranges
– Pay Bands – Bottom 10% & 25%, Mean, Top 25% & 10%
55 – Top 20 Jobs Breakdown
56 – Top 20 Jobs Pay
– Pay Bands
57 – Employees per Company by Segments
58 – Employees per Plant by Segments
59 – Facilities per Company by Segments
60 – Total Employment by State
61 – Population to Every Employee by State
62 – Employees per Facility by State
63 – Overview of Kentley Insights
Download a Sample Report
Below is a free sample report download. The 2026 Engine & Power Equipment Manufacturing Market Report has the same layout and data sets as the sample report.
Product Lines, Materials, and Jobs Covered in Report
PRODUCT LINES
Other engine equipment manufacturing
Turbine and turbine generator set units manufacturing
Speed changer, industrial high-speed drive, and gear manufacturing
Mechanical power transmission equipment manufacturing
MATERIAL COST CATEGORIES
Cost of all other materials and components, parts, containers, and supplies consumed
Other engine equipment (including turbochargers, injection fuel pumps, machined engine blocks, etc.)
Materials, ingredients, containers, and supplies, nsk
Motor vehicle gasoline engines and engine parts
Misc. iron, steel, and ferroalloy ingot, shapes, and forms (excluding castings, forgings, bars, structural, wire, sheet, strip)
Iron and steel castings
Plastics products (including packaging, foam products, film, sheet, rod, tube, fabricated shapes, bottles, etc.)
Steam engines, turbines, generators, purchased for incorporation into turbine generator sets
Aluminum and aluminum-base alloy castings
Misc. fabricated metal products (excluding hardware, containers, screw machine, bearing components, castings, forgings, and wire)
Mechanical speed changers, gears, and industrial high-speed drives
Mechanical power transmission equipment
Steel bars (including concrete reinforcing bars), bar shapes, and plate (excluding castings, forgings, and fabricated)
Semiconductors, including transistors, diodes, rectifiers, and integrated circuits for electronic circuitry, and related devices
Fluid power hose, tube fittings, valves and assemblies (hydraulic and pneumatic)
Metal bolts, nuts, screws, washers, rivets, and other screw machine products
Metal forgings
Antifriction bearing components and parts (balls, rollers, cages, collars, races, etc.)
Motor vehicle electrical and electronic equipment
Electric motors, generators, and parts
INDUSTRY JOBS ANALYZED
Miscellaneous Assemblers and Fabricators
Machinists
Engine and Other Machine Assemblers
Mechanical Engineers
Industrial Engineers, Including Health and Safety
Inspectors, Testers, Sorters, Samplers, and Weighers
Machine Tool Cutting Setters, Operators, and Tenders, Metal and Plastic
Computer Control Programmers and Operators
First-Line Supervisors of Production and Operating Workers
Engineering Technicians, Except Drafters
Industrial Machinery Installation, Repair, and Maintenance Workers
Architectural and Engineering Managers
Sales Representatives, Wholesale and Manufacturing
Welding, Soldering, and Brazing Workers
Laborers and Material Movers, Hand
Shipping, Receiving, and Traffic Clerks
Maintenance and Repair Workers, General
Industrial Production Managers
Miscellaneous Engineers
General and Operations Managers
About Kentley Insights
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