The Hubble tension and the unknown origin of dark energy motivate the exploration of alternative mechanisms for late-time cosmic acceleration. We investigate gravitationally induced particle creation (PC) as a non-equilibrium process that can effectively mimic dynamical dark energy. Within the thermodynamic framework of open systems, we adopt an agnostic approach to the extra created component, leaving its equation-of-state parameter $w_E$ free. We consider four phenomenological parametrisations of the PC rate, allowing deviations from the standard cosmological model (ΛCDM) only at late times (0<z<3). The PC models are constrained using a joint analysis of cosmic chronometers, Type Ia supernovae, local $H_0$ measurements, baryon acoustic oscillations, and cosmic microwave background data. The constraints on $w_E$ are consistent with dark energy, while particle creation of pressureless matter is disfavoured. All PC scenarios provide fits comparable to ΛCDM, with one showing an effective dynamical dark-energy behaviour. When early- and late-time datasets are analysed separately, the PC models reduce the Hubble tension to ≃ 2.4σ-3σ, compared to 4.3σ in ΛCDM. Gravitationally induced dark energy thus offers a consistent late-time extension of ΛCDM and a viable theoretical framework for dynamical dark energy.