Internal Combustion Engine Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Afric

Internal Combustion Engine Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)


The global internal combustion engine market has remained a preferred choice in the transportation industry for over a century due to its convenience and lower costs. With continuous technological advancements, internal combustion engines have become faster, more efficient, and powerful. The ease of refueling and the extensive network of oil filling stations worldwide have further augmented the demand for internal combustion engines. As electric vehicle adoption is yet to replace internal combustion engines, key resources such as cobalt, lithium, and copper continue to drive the growth of the internal combustion engine market.

The increasing use of electric powertrains in conjunction with internal combustion engines to enhance vehicle fuel efficiency has become a notable trend. The rising demand for electric and hybrid vehicles, coupled with decreased battery costs and technological advancements, has propelled the adoption of automotive powertrains. Government authorities worldwide are supporting the electric vehicle industry to mitigate greenhouse gas emissions, introducing favorable regulations such as tax breaks and subsidies for both industry participants and consumers. In light of these developments, the internal combustion engine market is expected to rise to prominence in the coming years.

The expansion of internal combustion engines across a wide range of end-use categories, including ships, aircraft, and automobiles, is contributing to the significant growth of the global market. The automotive industry, in particular, is driving the demand for internal combustion engines due to rising disposable income levels. Vehicle manufacturers are planning to expand their manufacturing capabilities to capitalize on substantial returns on investments. Over the forecast period, the market is projected to remain lucrative, with a focus on improving fuel performance, efficiency, and emissions driving significant technical advancements across the industry.

Asia Pacific currently leads the internal combustion engine market and is poised for rapid growth. The region benefits from the presence of numerous automakers and a surge in demand for passenger cars, especially in major economies. Additionally, the lack of proper charging infrastructure for electric vehicles has created a favorable landscape for internal combustion engines. China, a key economy in the region, continues to be a global leader in the commercial vehicle sector. These factors are expected to further drive the growth prospects of the region during the forecast period.

Major players in the global internal combustion engine market include McDermott International Inc. (US), CST Industries, Inc. (US), DN Tanks (US), Containment Solutions Inc. (US), Balmoral Tanks Limited (UK), Caldwell Tanks (US), and Synalloy Corporation (US). These industry participants play a crucial role in shaping the market through their innovative products and solutions.

The global internal combustion engine market is set to witness steady growth, driven by continuous technological advancements, increased vehicle fuel efficiency, and rising demand across various end-use sectors. The market offers significant opportunities for industry stakeholders, investors, and professionals seeking to capitalize on the enduring dominance of internal combustion engines in the transportation industry.Please note: the PDF e-mail from publisher version of this report is for a global site license.


1. Executive Summary
1.1. Global Internal Combustion Engine Market Snapshot
1.2. Key Market Trends
1.3. Future Projections
1.4. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.1.1. Driver A
2.2.1.2. Driver B
2.2.1.3. Driver C
2.2.2. Restraints
2.2.2.1. Restraint 1
2.2.2.2. Restraint 2
2.2.3. Market Opportunities Matrix
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. Covid-19 Impact Analysis
2.5.1. Pre-covid and Post-covid Scenario
2.5.2. Supply Impact
2.5.3. Demand Impact
2.6. Government Regulations
2.7. Technology Landscape
2.8. Economic Analysis
2.9. Impact of EV of the ICE Market
2.10. PESTLE
3. Production Output and Trade Statistics, 2019 - 2022
3.1. Regional Production Statistics
3.1.1. North America
3.1.2. Europe
3.1.3. Asia Pacific
3.1.4. Latin America
3.1.5. Middle East & Africa
3.2. Trade Statistics
4. Price Trends Analysis and Future Projects, 2019 - 2030
4.1. Key Highlights
4.2. Prominent Factors Affecting Prices
4.3. By End-user
4.4. By Region
5. Global Internal Combustion Engine Market Outlook, 2019 - 2030
5.1. Global Internal Combustion Engine Market Outlook, by Fuel Type, Volume (Units) and Value (US$ Mn), 2019 - 2030
5.1.1. Key Highlights
5.1.1.1. Petrol
5.1.1.2. Diesel
5.1.1.3. Natural Gas
5.1.1.4. Biofuels
5.2. Global Internal Combustion Engine Market Outlook, by End-use, Volume (Units) and Value (US$ Mn), 2019 - 2030
5.2.1. Key Highlights
5.2.1.1. Automotive
5.2.1.2. Industrial Machinery & Equipment
5.2.1.3. Power Generation
5.2.1.4. Marine
5.2.1.5. Aerospace & Defence
5.2.1.6. Misc. (ATV, etc.)
5.3. Global Internal Combustion Engine Market Outlook, by Region, Volume (Units) and Value (US$ Mn), 2019 - 2030
5.3.1. Key Highlights
5.3.1.1. North America
5.3.1.2. Europe
5.3.1.3. Asia Pacific
5.3.1.4. Latin America
5.3.1.5. Middle East & Africa
5.3.2. BPS Analysis/Market Attractiveness Analysis
6. North America Internal Combustion Engine Market Outlook, 2019 - 2030
6.1. North America Internal Combustion Engine Market Outlook, by Fuel Type, Volume (Units) and Value (US$ Mn), 2019 - 2030
6.1.1. Key Highlights
6.1.1.1. Petrol
6.1.1.2. Diesel
6.1.1.3. Natural Gas
6.1.1.4. Biofuels
6.2. North America Internal Combustion Engine Market Outlook, by End-use, Volume (Units) and Value (US$ Mn), 2019 - 2030
6.2.1. Key Highlights
6.2.1.1. Automotive
6.2.1.2. Industrial Machinery & Equipment
6.2.1.3. Power Generation
6.2.1.4. Marine
6.2.1.5. Aerospace & Defence
6.2.1.6. Misc. (ATV, etc.)
6.3. North America Internal Combustion Engine Market Outlook, by Country, Volume (Units) and Value (US$ Mn), 2019 - 2030
6.3.1. Key Highlights
6.3.1.1. U.S.
6.3.1.2. Canada
6.3.2. BPS Analysis/Market Attractiveness Analysis
7. Europe Internal Combustion Engine Market Outlook, 2019 - 2030
7.1. Europe Internal Combustion Engine Market Outlook, by Fuel Type, Volume (Units) and Value (US$ Mn), 2019 - 2030
7.1.1. Key Highlights
7.1.1.1. Petrol
7.1.1.2. Diesel
7.1.1.3. Natural Gas
7.1.1.4. Biofuels
7.2. Europe Internal Combustion Engine Market Outlook, by End-use, Volume (Units) and Value (US$ Mn), 2019 - 2030
7.2.1. Key Highlights
7.2.1.1. Automotive
7.2.1.2. Industrial Machinery & Equipment
7.2.1.3. Power Generation
7.2.1.4. Marine
7.2.1.5. Aerospace & Defence
7.2.1.6. Misc. (ATV, etc.)
7.3. Europe Internal Combustion Engine Market Outlook, by Country, Volume (Units) and Value (US$ Mn), 2019 - 2030
7.3.1. Key Highlights
7.3.1.1. Germany
7.3.1.2. France
7.3.1.3. U.K.
7.3.1.4. Italy
7.3.1.5. Spain
7.3.1.6. Turkey
7.3.1.7. Russia
7.3.1.8. Rest of Europe
7.3.2. BPS Analysis/Market Attractiveness Analysis
8. Asia Pacific Internal Combustion Engine Market Outlook, 2019 - 2030
8.1. Asia Pacific Internal Combustion Engine Market Outlook, by Fuel Type, Volume (Units) and Value (US$ Mn), 2019 - 2030
8.1.1. Key Highlights
8.1.1.1. Petrol
8.1.1.2. Diesel
8.1.1.3. Natural Gas
8.1.1.4. Biofuels
8.2. Asia Pacific Internal Combustion Engine Market Outlook, by End-use, Volume (Units) and Value (US$ Mn), 2019 - 2030
8.2.1. Key Highlights
8.2.1.1. Automotive
8.2.1.2. Industrial Machinery & Equipment
8.2.1.3. Power Generation
8.2.1.4. Marine
8.2.1.5. Aerospace & Defence
8.2.1.6. Misc. (ATV, etc.)
8.3. Asia Pacific Internal Combustion Engine Market Outlook, by Country, Volume (Units) and Value (US$ Mn), 2019 - 2030
8.3.1. Key Highlights
8.3.1.1. China
8.3.1.2. Japan
8.3.1.3. South Korea
8.3.1.4. India
8.3.1.5. Southeast Asia
8.3.1.6. Rest of Asia Pacific
8.3.2. BPS Analysis/Market Attractiveness Analysis
9. Latin America Internal Combustion Engine Market Outlook, 2019 - 2030
9.1. Latin America Internal Combustion Engine Market Outlook, by Fuel Type, Volume (Units) and Value (US$ Mn), 2019 - 2030
9.1.1. Key Highlights
9.1.1.1. Petrol
9.1.1.2. Diesel
9.1.1.3. Natural Gas
9.1.1.4. Biofuels
9.2. Latin America Internal Combustion Engine Market Outlook, by End-use, Volume (Units) and Value (US$ Mn), 2019 - 2030
9.2.1. Key Highlights
9.2.1.1. Automotive
9.2.1.2. Industrial Machinery & Equipment
9.2.1.3. Power Generation
9.2.1.4. Marine
9.2.1.5. Aerospace & Defence
9.2.1.6. Misc. (ATV, etc.)
9.3. Latin America Internal Combustion Engine Market Outlook, by Country, Volume (Units) and Value (US$ Mn), 2019 - 2030
9.3.1. Key Highlights
9.3.1.1. Brazil
9.3.1.2. Mexico
9.3.1.3. Rest of Latin America
9.3.2. BPS Analysis/Market Attractiveness Analysis
10. Middle East & Africa Internal Combustion Engine Market Outlook, 2019 - 2030
10.1. Middle East & Africa Internal Combustion Engine Market Outlook, by Fuel Type, Volume (Units) and Value (US$ Mn), 2019 - 2030
10.1.1. Key Highlights
10.1.1.1. Petrol
10.1.1.2. Diesel
10.1.1.3. Natural Gas
10.1.1.4. Biofuels
10.2. Middle East & Africa Internal Combustion Engine Market Outlook, by End-use, Volume (Units) and Value (US$ Mn), 2019 - 2030
10.2.1. Key Highlights
10.2.1.1. Automotive
10.2.1.2. Industrial Machinery & Equipment
10.2.1.3. Power Generation
10.2.1.4. Marine
10.2.1.5. Aerospace & Defence
10.2.1.6. Misc. (ATV, etc.)
10.3. Middle East & Africa Internal Combustion Engine Market Outlook, by Country, Volume (Units) and Value (US$ Mn), 2019 - 2030
10.3.1. Key Highlights
10.3.1.1. GCC
10.3.1.2. South Africa
10.3.1.3. Rest of Middle East & Africa
10.3.2. BPS Analysis/Market Attractiveness Analysis
11. Competitive Landscape
11.1. Company Market Share Analysis, 2022
11.2. Competitive Dashboard
11.3. Company Profiles
11.3.1. Honda
11.3.1.1. Company Overview
11.3.1.2. Product Portfolio
11.3.1.3. Financial Overview
11.3.1.4. Business Strategies and Development
11.3.2. Toyota Motor Corporation
11.3.3. Caterpillar Inc.
11.3.4. Volvo AB
11.3.5. Cummins Inc.
11.3.6. Volkswagen
11.3.7. General Electric Company
11.3.8. Ford Motor Company
11.3.9. Hyundai
11.3.10. Weichai Group
11.3.11. Wärtsilä
11.3.12. Kubota
11.3.13. MAN
11.3.14. Shanghai Diesel Engine Co., Ltd.
11.3.15. DEUTZ AG
12. Appendix
12.1. Research Methodology
12.2. Report Assumptions
12.3. Acronyms and Abbreviations

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