Internal Combustion Engine Market Industry Analysis Report, Regional Outlook, Application Development, Competitive Market Share and Forecast, 2021 – 2027

Report ID: GMI3395

Summary Methodology

The global internal combustion engine market is anticipated to grow owning to increasing demand for vehicles along with high economic growth across the developing nations. Stringent emission standards & norms toward emission reduction along with ongoing adoption of energy efficient technologies will fuel the industry outlook. In addition, the recent adoption of modern and advanced technologies including hybrid and low temperature combustion systems will further complement the business growth.

Increasing energy demand across manufacturing and construction sector is anticipated to stimulate the diesel internal combustion engine market. These engines find extensive use in heavy duty commercial vehicles including buses, trucks, agriculture and marine applications. In addition, higher engine power output and better thermal efficiency are some of the key parameters which will positively influence the product demand.

IC engine is being widely used as a power source across automotive, power generation, industrial and aircraft sectors. Rapid urbanization coupled with improvement in standard of living across the emerging economies have increased the demand for automobiles, thereby enhancing internal combustion engine market growth. Furthermore, rising demand for energy efficient engines and reducing carbon emissions will positively influence the business landscape.

Increasing aircraft production on account of ever-growing passenger demand will positively influence the internal combustion engine market. Technological advancements including multi fuel capabilities, better mileage and low aircraft emissions will foster the industry growth. In addition, upsurge in air cargo shipments owing to rise in e-commerce business will boost the product demand.

Shifting trends toward sustainable energy sources along with accelerating demand for cogeneration technology will foster the internal combustion engine market. Increasing adoption of combined heat and power systems owning to favorable fiscal & financial incentives provided by respective government authorities will positively impact the product adoption. Furthermore, replacing and retrofitting of conventional power plants with new energy efficient systems will drive the industry growth.

China internal combustion engine market is projected to grow on account of rapid infrastructure development along with growing manufacturing sector across the nation. In addition, government initiatives for reduction of carbon emissions coupled with extensive innovation strategies will boost the industry growth. For instance, the government of China in 2019, introduced “China stage VI emission standards” for new gas-powered heavy-duty vehicles. The norm further aims to reduce greenhouse gas (GHG) emission by adopting stringent testing requirements and remote emission monitoring systems.

The key players operating across the internal combustion engine market includes Cummins, Doosan Infracore, Caterpillar Incorporated, Hyundai machinery, AGCO Power, MAN SE, Ashok Leyland, Bombardier, Briggs and Stratton, Cooper, Kirloskar Oil Engines Ltd., Cummins, Detroit Diesel, Eicher Motors and Rolls-Royce.

What Information does this report contain?

Historical data coverage: 2013 to 2015; Growth Projections: 2016 to 2026.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

Customize this Report

Pre Book Now

Need a Discount? Get in touch with us for special pricing

Request Discount

Our Market Research Reports Include:

  • Market snapshot
  • Market Segmentation
  • Value Chain Analysis
  • Growth Dynamics
  • Potential Market Opportunities
  • Regulatory Overview
  • Technology Evolution
  • Innovation & Sustainability

 Connect with our sales team

Benefits of Association

Data Coverage & Quality

GMI reports provide the most comprehensive coverage of any focus industry, ensuring a holistic and deep understanding of the market, along with actionable and granular data. We also take pride in our commitment to quality and strive to ensure that our clients get their moneys worth.

Client Trust & Security

GMI maintains strict code of conduct as a business and is committed to ensure that the privacy and trust of our clients are always maintained. As an organization, we also strive to be fully compliant with privacy laws, PCI and information security guidelines.

Customer Service

Our customers rely on us to produce accurate, reliable and timely information. Service orientation is a key mission for us as an organization; our process is guided by the desire to ensure that our clients are provided the best possible solutions in optimal timeframe. GMI stands by its commitment to service, providing timely assistance in both pre-sales and post-sales support for our clients.

GMIPulse, our report store

We have introduced ‘GMIPulse’, which is our report store; designed to offer clients a one-stop platform for all market research and business intelligence requirements. Clients can access reports, presentations, raw data excel sheets as well as detailed company profiles. GMIPulse allows you to track relevant industries and stay informed with latest innovation, competitive and regulatory developments to help design strategic framework.

Chat with us
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies. More info X