Internal Combustion Engine Market (By Fuel - Petroleum [Diesel, Gasoline, Others], Natural Gas[CNG, LNG, Others]; By End-user - Automobile, Aviation, Marine) - Global Industry Size, Share, Trends and Forecast 2018 - 2026

Category : Automotive, Transportation and Logistics | Delivery Format : PDF | Status: Published | Pages : 180

Introduction

The global internal combustion engine Market is project to reach 229,439 thousand units by 2026 in terms of volume and the market is projected to showcase 4.67% CAGR during the forecast period. The market is driven by emergence of advanced technology-based better performing and fuel efficient internal combustion engines.

Market Dynamics

Advanced technologies, including low temperature combustion engines and hybrid systems, have aided the industry gain traction, a trend expected to elevate industry growth over the forecast period. Rising demand for efficient engines which have minimum carbon emission, is among the other prime factors driving the growth of global internal combustion engine market. Developing several combustion modes using advanced technologies such as homogeneous charge compression ignition (HCCI) is expected to escalate the growth of global internal combustion engine market in the coming years.

Market Insights

Technological advancements such as multi-fuel capabilities that improves fuel mileage is expected boost demand. Manufacturers regularly emphasising on strengthening their global footprint in order to improve market presence and achieve a spirited advantage. The market, over the years, has experienced challenges due to high dependence on fossil fuels which are limited reserves, and expectation for improving the internal combustion engine’s emission levels. The global internal combustion engine market experiences numerous challenges due to frequent changes and updates in government rules and regulations and also in environmental standards, making value chain analysis significant.

Market Classification

The global internal combustion engine market is segmented into fuel, end-use and region. On the basis of fuel the global internal combustion market is segmented into petroleum and natural gas. Petroleum is further sub-segmented into diesel, gasoline and others, whereas natural gas is sub-segmented into CNG, LNG and others.

On the basis of the end-use the global internal combustion engine market is segmented into automotive, aircraft, and marine. Automotive segment is sub-segmented into 50-200 HP, 200-300 HP and >300HP. Marine segment is further sub-segmented into 258-1000HP, 400-1400HP and 730-1800HP.

On the basis of region the global internal combustion market is segmented into Latin America, Europe, Asia Pacific, North America, and Middle East & Africa.

Regional Insights

North America internal combustion engine market is anticipated to experience considerable growth over the forecast period due to high car adoption rate in the region. Europe accounted for close a quarter of the overall market volume share in 2017 of the global internal combustion engine market, which is expected to decline over the coming years. This may be owing to stringent government regulations and standards pertaining to carbon emissions, coupled with growing emphasis on use of electric vehicles in the region.

Among the regions, Asia Pacific captured a significant volume share of over 42% in 2017. This is attributed to high automobile production in the region. The aviation industry in Asia Pacific market is booming and offers avenues for growth of the aircraft engines segment over the forecast years.

Report Coverage

Market

Internal Combustion Engine Market

Analysis Period

2016 – 2026

Historic Data

2016 – 2017

Base Year

2018

Forecast Data

2019 – 2026

Market Stratification

Fuel, End-user  and Geography

Regional Scope

North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA)

Report Coverage

Market Trends, Drivers, Restraints, Porter's Five Forces Analysis, Competitive Analysis,

Player Profiling, Value Chain Analysis

Market Participants

The global internal combustion engine market is characterized by the presence of experienced and established players. Key companies include Toyota Motor Corporation, Volkswagen AG, Volvo AB, Rolls-Royce Holdings plc, Mahindra & Mahindra Limited, Renault SA, Mitsubishi Heavy Industries, MAN SE, General Motors, Ford Motor, Fiat SpA, Caterpillar Incorporated, Shanghai Diesel Engine Company Limited, Bosch, and AGCO Corporation. Industry participant battle on the basis of price, new innovated product launch, and expanding market presence.

Market Segmentation

Market By fuel

  • Petroleum
    • Diesel
    • Gasoline
    • Others
  • Natural Gas
    • CNG
    • LNG
    • Others

Market By End-user

  • Automobile
  • Aviation
  • Marine

Market By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Chile
    • Rest of Latin America
  • Middle East and Africa (MEA)
    • South Africa
    • Saudi Arabia
    • Rest of MEA


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