Who are the key players in Global Internal Combustion Engines Market?

Volvo Ab, Man SE, Yamaha Motor Co., Ltd., Suzuki Motor Corp and Ford Motor Company are the major companies operating in the Global Internal Combustion Engines Market. Read More

Which is the fastest growing region in Global Internal Combustion Engines Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Global Internal Combustion Engines Market?

In 2024, the Asia Pacific accounts for the largest market share in Global Internal Combustion Engines Market. Read More

What years does this Global Internal Combustion Engines Market cover, and what was the market size in 2023?

In 2023, the Global Internal Combustion Engines Market size was estimated at USD 249.55 billion. The report covers the Global Internal Combustion Engines Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Internal Combustion Engines Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Global Internal Combustion Engines Market Size

Market Size of Global Internal Combustion Engines Industry

Global Internal Combustion Engines Market Summary

Study Period	2019 - 2029
Market Size (2024)	USD 266.33 Billion
Market Size (2029)	USD 361.49 Billion
CAGR (2024 - 2029)	6.30 %
Fastest Growing Market	Asia Pacific
Largest Market	Asia Pacific
Market Concentration	Medium
Major Players *Disclaimer: Major Players sorted in no particular order

Global Internal Combustion Engines Market Analysis

The Global Internal Combustion Engines Market size is estimated at USD 266.33 billion in 2024, and is expected to reach USD 361.49 billion by 2029, growing at a CAGR of 6.30% during the forecast period (2024-2029).

The increasing demand for automobiles and two-wheeler vehicles in Asia-Pacific is expected to drive the market during the forecast period.
On the other hand, rising demand for non-GHG-emitting vehicles and supportive policies to adopt alternate fuel vehicles are expected to hamper the market's growth.
Nevertheless, the increasing research & development and technological advancements in the internal combustion engine design are expected to present significant growth opportunities for the market during the forecast period.
Asia-Pacific is expected to have a significant share of the market due to increasing industrial and commercial activities, which will translate to more vehicle sales during the forecast period.

Global Internal Combustion Engines Industry Segmentation

An internal combustion engine generates power by burning petrol, oil, or another fuel with air inside the engine. The hot gases produced are used to drive a piston or do other work as they expand.

The global internal combustion engine market is segmented by capacity, fuel type, and geography. By capacity, the market is segmented into 50 cm3 to 200 cm3, 201 cm3 to 800 cm3, 801 cm3 to 1500 cm3, and 1501 cm3 to 3000 cm3. By fuel type, the market is segmented into gasoline, diesel, and others. By geography, the market is segmented into North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. The report also covers the market sizes and forecasts across major regions. For each segment, the market sizing and forecasts were made based on revenue (USD).

Capacity
		50 cm3 to 200 cm3
		201 cm3 to 800 cm3
		801 cm3 to 1500 cm3
		1501 cm3 to 3000 cm3

Fuel Type
		Gasoline
		Diesel
		Others

Geography

North America
	United States
	Canada
	Rest of North America

Europe
	United Kingdom
	Spain
	Russia
	Turkey
	Nordic Countries
	Norway
	Germany
	Rest of Europe

Asia-Pacific
	India
	China
	Japan
	Malaysia
	Indonesia
	Thailand
	Vietnam
	Rest of Asia-Pacific

Middle East and Africa
	United Arab Emirates
	Saudi Arabia
	Nigeria
	Qatar
	Egypt
	Rest of Middle East and Africa

South America
	Brazil
	Argentina
	Colombia
	Rest of South America

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Global Internal Combustion Engines Market Size Summary

The global internal combustion engine market is poised for substantial growth over the forecast period, driven primarily by the increasing demand for automobiles and two-wheeler vehicles, particularly in the Asia-Pacific region. This demand is fueled by rapid urbanization and industrialization in countries like China, India, and Japan, where the burgeoning e-commerce sector and rising vehicle usage are significant contributors. Despite the challenges posed by the shift towards non-GHG-emitting vehicles and supportive policies for alternative fuel adoption, the market is expected to benefit from ongoing research and technological advancements in engine design. These innovations are likely to create significant growth opportunities, especially in the diesel engine segment, which continues to see enhancements in efficiency and performance.

The Asia-Pacific region is anticipated to hold a dominant position in the market due to its expanding industrial and commercial activities, which are expected to drive vehicle sales. The region's motor vehicle production has shown robust growth, further bolstering the demand for internal combustion engines. Key players in the market, such as Volvo Ab, Man SE, Yamaha Motor Co. Ltd, Suzuki Motor Corp, and Ford Motor Company, are actively involved in advancing engine technologies. Recent developments, such as Bosch's announcement of a hydrogen internal combustion engine for trucks and regulatory agreements in Europe allowing the continued sale of ICE vehicles, underscore the market's dynamic nature. These factors collectively suggest a promising outlook for the internal combustion engine market, with Asia-Pacific leading the charge.

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Global Internal Combustion Engines Market Size - Table of Contents

1. MARKET OVERVIEW
1. 1.1 Introduction
2. 1.2 Market Size and Demand Forecast in USD billion, till 2029
3. 1.3 Recent Trends and Developments
4. 1.4 Government Policies and Regulations
5. 1.5 Market Dynamics
  1. 1.5.1 Drivers
    1. 1.5.1.1 Increasing Demand for Automobiles
    2. 1.5.1.2 Increasing Demand for Two-Wheeler Vehicles
  2. 1.5.2 Restraints
    1. 1.5.2.1 Rising Demand for Non-GHG Emitting Vehicles
6. 1.6 Supply Chain Analysis
7. 1.7 Porter's Five Forces Analysis
  1. 1.7.1 Bargaining Power of Suppliers
  2. 1.7.2 Bargaining Power of Consumers
  3. 1.7.3 Threat of New Entrants
  4. 1.7.4 Threat of Substitutes Products and Services
  5. 1.7.5 Intensity of Competitive Rivalry
8. 1.8 Investment Analysis
2. MARKET SEGMENTATION
1. 2.1 Capacity
  1. 2.1.1 50 cm3 to 200 cm3
  2. 2.1.2 201 cm3 to 800 cm3
  3. 2.1.3 801 cm3 to 1500 cm3
  4. 2.1.4 1501 cm3 to 3000 cm3
2. 2.2 Fuel Type
  1. 2.2.1 Gasoline
  2. 2.2.2 Diesel
  3. 2.2.3 Others
3. 2.3 Geography
  1. 2.3.1 North America
    1. 2.3.1.1 United States
    2. 2.3.1.2 Canada
    3. 2.3.1.3 Rest of North America
  2. 2.3.2 Europe
    1. 2.3.2.1 United Kingdom
    2. 2.3.2.2 Spain
    3. 2.3.2.3 Russia
    4. 2.3.2.4 Turkey
    5. 2.3.2.5 Nordic Countries
    6. 2.3.2.6 Norway
    7. 2.3.2.7 Germany
    8. 2.3.2.8 Rest of Europe
  3. 2.3.3 Asia-Pacific
    1. 2.3.3.1 India
    2. 2.3.3.2 China
    3. 2.3.3.3 Japan
    4. 2.3.3.4 Malaysia
    5. 2.3.3.5 Indonesia
    6. 2.3.3.6 Thailand
    7. 2.3.3.7 Vietnam
    8. 2.3.3.8 Rest of Asia-Pacific
  4. 2.3.4 Middle East and Africa
    1. 2.3.4.1 United Arab Emirates
    2. 2.3.4.2 Saudi Arabia
    3. 2.3.4.3 Nigeria
    4. 2.3.4.4 Qatar
    5. 2.3.4.5 Egypt
    6. 2.3.4.6 Rest of Middle East and Africa
  5. 2.3.5 South America
    1. 2.3.5.1 Brazil
    2. 2.3.5.2 Argentina
    3. 2.3.5.3 Colombia
    4. 2.3.5.4 Rest of South America

Global Internal Combustion Engines Market Size FAQs

How big is the Global Internal Combustion Engines Market?

The Global Internal Combustion Engines Market size is expected to reach USD 266.33 billion in 2024 and grow at a CAGR of 6.30% to reach USD 361.49 billion by 2029.