Global Internal Combustion Engine (ICE) Market 2024-2028
Global Internal Combustion Engine (ICE) Market 2024-2028
The internal combustion engine (ICE) market is forecasted to grow by USD 28.3 bn during 2023-2028, accelerating at a CAGR of 8.09% during the forecast period. The report on the internal combustion engine (ICE) market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand to improve vehicle performance., increasing vehicle population, and high growth volume for premium vehicle segment.
Technavio's internal combustion engine (ICE) market is segmented as below:
- By End-user
- Automotive
- Aircraft
- Marine
- By Type
- Petroleum
- Natural gas
- By Geographical Landscape
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This study identifies the growing development in engine technologies as one of the prime reasons driving the internal combustion engine (ICE) market growth during the next few years. Also, increasing investment in building better emission control equipment and increasing demand for fuel efficiency will lead to sizable demand in the market.
The report on the internal combustion engine (ICE) market covers the following areas:
- Internal combustion engine (ICE) market sizing
- Internal combustion engine (ICE) market forecast
- Internal combustion engine (ICE) market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading internal combustion engine (ICE) market vendors that include AB Volvo, Caterpillar Inc., Cummins Inc., DEUTZ AU, Hyundai Motor Co., Mahindra and Mahindra Ltd., Mercedes Benz Group AG, Mitsubishi Heavy Industries Ltd., Navistar International Corp., Renault SAS, Robert Bosch GmbH, Rolls Royce Holdings PLC, Shanghai Diesel Engine Co. Ltd., Siemens AG, Toyota Industries Corp., Volkswagen AG, Wacker Neuson SE, Wartsila Corp., Yamaha Motor Co. Ltd., and Yanmar Holdings Co. Ltd.. Also, the internal combustion engine (ICE) market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.