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Internal Combustion Engine Trends and Forecast
The future of the global internal combustion engine market looks promising with opportunities in the automotive, marine, and aircraft markets. The global internal combustion engine market is expected to reach an estimated $82.2 billion by 2030 with a CAGR of 7.8% from 2024 to 2030. The major drivers for this market are growing demand for passenger and commercial vehicles in developed and emerging countries, increase in the number of gasoline-powered cars on the road and shale gas production, as well as, strict laws and criteria for efficient technologies.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Internal Combustion Engine by Segment
The study includes a forecast for the global internal combustion engine by fuel type, end use, and region.
Internal Combustion Engine Market by Fuel Type [Shipment Analysis by Value from 2018 to 2030]:
• Petroleum
• Natural Gas
Internal Combustion Engine Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Automotive
• Marine
• Aircraft
• Others
Internal Combustion Engine Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Internal Combustion Engine Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies internal combustion engine companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the internal combustion engine companies profiled in this report include-
• AB Volvo
• TOYOTA MOTOR
• Volkswagen
• Rolls-Royce
• Mahindra & Mahindra
• Renault
• MITSUBISHI HEAVY INDUSTRIES
• MAN
• General Motors
• Ford Motor Company
Internal Combustion Engine Market Insights
Lucintel forecasts that petroleum will remain the largest segment over the forecast period due to the benefits of internal combustion engines powered by petroleum, include reduced noise and vibration, as well as, technological developments in the automotive industry.
APAC is expected to witness highest growth over the forecast period due to presence of many automakers and rising passenger car demand in some of the main nations in the region, including China and India.
Features of the Global Internal Combustion Engine Market
Market Size Estimates: Internal combustion engine market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Internal combustion engine market size by fuel type, end use, and region in terms of value ($B).
Regional Analysis: Internal combustion engine market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different fuel type, end use, and regions for the internal combustion engine market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the internal combustion engine market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the internal combustion engine market size?
Answer: The global internal combustion engine market is expected to reach an estimated $82.2 billion by 2030.
Q2. What is the growth forecast for internal combustion engine market?
Answer: The global internal combustion engine market is expected to grow with a CAGR of 7.8% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the internal combustion engine market?
Answer: The major drivers for this market are growing demand for passenger and commercial vehicles in developed and emerging countries, increase in the number of gasoline-powered cars on the road and shale gas production, as well as, strict laws and criteria for efficient technologies.
Q4. What are the major segments for internal combustion engine market?
Answer: The future of the global internal combustion engine market looks promising with opportunities in the automotive, marine, and aircraft markets.
Q5. Who are the key internal combustion engine market companies?
Answer: Some of the key internal combustion engine companies are as follows:
• AB Volvo
• TOYOTA MOTOR
• Volkswagen
• Rolls-Royce
• Mahindra & Mahindra
• Renault
• MITSUBISHI HEAVY INDUSTRIES
• MAN
• General Motors
• Ford Motor Company
Q6. Which internal combustion engine market segment will be the largest in future?
Answer: Lucintel forecasts that petroleum will remain the largest segment over the forecast period due to the benefits of internal combustion engines powered by petroleum, include reduced noise and vibration, as well as, technological developments in the automotive industry.
Q7. In internal combustion engine market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to presence of many automakers and rising passenger car demand in some of the main nations in the region, including China and India.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the internal combustion engine market by fuel type (petroleum and natural gas), end use (automotive, marine, aircraft, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Internal Combustion Engine Market, Internal Combustion Engine Market Size, Internal Combustion Engine Market Growth, Internal Combustion Engine Market Analysis, Internal Combustion Engine Market Report, Internal Combustion Engine Market Share, Internal Combustion Engine Market Trends, Internal Combustion Engine Market Forecast, Internal Combustion Engine Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Internal Combustion Engine Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Internal Combustion Engine Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Internal Combustion Engine Market by Fuel Type
3.3.1: Petroleum
3.3.2: Natural Gas
3.4: Global Internal Combustion Engine Market by End Use
3.4.1: Automotive
3.4.2: Marine
3.4.3: Aircraft
3.4.4: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Internal Combustion Engine Market by Region
4.2: North American Internal Combustion Engine Market
4.2.2: North American Internal Combustion Engine Market by End Use: Automotive, Marine, Aircraft, and Others
4.3: European Internal Combustion Engine Market
4.3.1: European Internal Combustion Engine Market by Fuel Type: Petroleum and Natural Gas
4.3.2: European Internal Combustion Engine Market by End Use: Automotive, Marine, Aircraft, and Others
4.4: APAC Internal Combustion Engine Market
4.4.1: APAC Internal Combustion Engine Market by Fuel Type: Petroleum and Natural Gas
4.4.2: APAC Internal Combustion Engine Market by End Use: Automotive, Marine, Aircraft, and Others
4.5: ROW Internal Combustion Engine Market
4.5.1: ROW Internal Combustion Engine Market by Fuel Type: Petroleum and Natural Gas
4.5.2: ROW Internal Combustion Engine Market by End Use: Automotive, Marine, Aircraft, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Internal Combustion Engine Market by Fuel Type
6.1.2: Growth Opportunities for the Global Internal Combustion Engine Market by End Use
6.1.3: Growth Opportunities for the Global Internal Combustion Engine Market by Region
6.2: Emerging Trends in the Global Internal Combustion Engine Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Internal Combustion Engine Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Internal Combustion Engine Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: AB Volvo
7.2: TOYOTA MOTOR
7.3: Volkswagen
7.4: Rolls-Royce
7.5: Mahindra & Mahindra
7.6: Renault
7.7: MITSUBISHI HEAVY INDUSTRIES
7.8: MAN
7.9: General Motors
7.10: Ford Motor Company
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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