As per this study, the Global Internal Combustion Engine (ICE) Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2027 with a CAGR of XX%. By volume, the market was estimated XX Thousand Unitsin 2019 and is expected to reach XX thousand units by 2026 with a CAGR of XX%.
Internal combustion engine or ICE refers to an engine that provides outstanding drivability and durability to automotive. The internal combustion engine is where burning of a fuel occurs in a confined space called a combustion chamber. The fuel used in ICE is diesel, gasoline and natural gases. Automobile, aviation, and marine industry are some of theend-user of the internal combustion engine.
The growing demand from end-use industries such as automobile and aviation is driving market growth. Ongoing penetration in emerging countries is again accelerating market growth. Additionally, technological advancements such as multi-fuel capabilities are expected to drive market growth. On the other hand, stringent government regulations for combating environmental concern may restrict market growth. Whereas, low-temperature combustion engines and hybrid systems are expected to create potential opportunity over the forecast period.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of internal combustion engine (ICE).
The broad internal combustion engine (ICE)market has been sub-grouped into fuel and end-user. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for internal combustion engine (ICE)in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Internal Combustion Engine (ICE) Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the internal combustion engine (ICE)market includes AGCO Corporation, Bosch, Caterpillar Incorporated, Fiat SpA, Ford Motor, General Motors, Mahindra & Mahindra Limited, MAN SE, Mitsubishi Heavy Industries, Renault SA, Rolls-Royce Holdings plc, Shanghai Diesel Engine Company Limited, Toyota Motor Corporation, Volkswagen AG and Volvo AB. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.