Market Size of Middle East And Africa Internal Combustion Engines Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 22.42 Billion |
| Market Size (2029) | USD 47.63 Billion |
| CAGR (2024 - 2029) | 16.30 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Middle East And Africa Internal Combustion Engines Market Analysis
The Middle East & Africa Internal Combustion Engines Market size is estimated at USD 22.42 billion in 2024, and is expected to reach USD 47.63 billion by 2029, growing at a CAGR of 16.30% during the forecast period (2024-2029).
- Over the medium period, factors such as increasing demand for two-wheelers and rising demand for power production in the regions are expected to drive the market during the forecasted period.
- The rising demand for non-GHG (greenhouse gas) emitting vehicles is expected to hinder the market's growth.
- Technological advancements in hybrid internal combustion engines, hybrid electric powertrains, and specialized vehicles are expected to create several future market opportunities.
- Saudi Arabia is expected to be a major market in the forecast period (2024-2029).
Middle East And Africa Internal Combustion Engines Industry Segmentation
Internal combustion generates motive power by the burning of petrol, oil, or other fuel with air inside the engine. The hot gases produced are used to drive a piston or do other work as they expand.
The Middle East and Africa internal combustion engine market is segmented by capacity, fuel type, and geography. By type, the market is segmented into 50 cm3 to 200 cm3, 201 cm3 to 800 cm3, and 801 cm3 to 1500 cm3. By fuel type, the market is segmented into gasoline, diesel, and others. The report also covers the market size and forecasts for the Middle East and Africa internal combustion engine market across the major countries. For each segment, the market sizing and forecasts were made based on revenue (USD).
Middle East And Africa Internal Combustion Engines Market Size Summary
The Middle East and Africa internal combustion engines market is poised for significant growth over the forecast period, driven by increasing demand for two-wheelers and power production. Despite the rising interest in non-GHG emitting vehicles, technological advancements in hybrid internal combustion engines and specialized vehicles are expected to create new opportunities. Saudi Arabia is anticipated to play a pivotal role in this market expansion, with substantial investments in infrastructure and manufacturing capabilities. The region's reliance on diesel fuel vehicles, particularly in countries like Kenya, underscores the ongoing demand for diesel oil, further supported by developments such as the Lobito Refinery in Angola.
The market landscape is characterized by a moderate level of fragmentation, with key players including Volvo, Suzuki, Volkswagen, Hyundai, and Ducati. Recent investments, such as Ford's significant financial commitment to hybrid vehicle production in South Africa, highlight the region's strategic focus on advancing vehicle technology. Additionally, Saudi Arabia's efforts to boost internal combustion engine production, supported by joint ventures and new manufacturing plants, are expected to drive market growth. These developments, coupled with the increasing crude oil consumption, position the Middle East and Africa as a dynamic market for internal combustion engines in the coming years.
Middle East And Africa Internal Combustion Engines Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Market Size and Demand Forecast in USD billion, till 2029
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1.3 Recent Trends and Developments
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1.4 Government Policies and Regulations
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1.5 Market Dynamics
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1.5.1 Drivers
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1.5.1.1 Growing Demand for for Two-wheelers
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1.5.1.2 Rising Demand for Power Production
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1.5.2 Restraints
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1.5.2.1 Rising Demand for Non-GHG
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1.6 Supply Chain Analysis
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1.7 Industry Attractiveness - Porter's Five Forces Analysis
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1.7.1 Bargaining Power of Suppliers
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1.7.2 Bargaining Power of Consumers
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1.7.3 Threat of New Entrants
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1.7.4 Threat of Substitutes Products and Services
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1.7.5 Intensity of Competitive Rivalry
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1.8 Investment Analysis
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2. MARKET SEGMENTATION
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2.1 By Capacity
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2.1.1 50 cm3 to 200 cm3
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2.1.2 201 cm3 to 800 cm3
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2.1.3 801 cm3 to 1500 cm3
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2.1.4 1501 cm3 to 3000 cm3
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2.2 By Fuel Type
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2.2.1 Gasoline
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2.2.2 Diesel
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2.2.3 Others
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2.3 By Geography [Market Size and Demand Forecast till 2029 (for regions only)]
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2.3.1 United Arab Emirates
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2.3.2 Kuwait
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2.3.3 Qatar
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2.3.4 Nigeria
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2.3.5 Egypt
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2.3.6 Saudi Arabia
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2.3.7 Rest of the Middle East and Africa
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Middle East And Africa Internal Combustion Engines Market Size FAQs
How big is the Middle East And Africa Internal Combustion Engines Market?
The Middle East And Africa Internal Combustion Engines Market size is expected to reach USD 22.42 billion in 2024 and grow at a CAGR of 16.30% to reach USD 47.63 billion by 2029.
What is the current Middle East And Africa Internal Combustion Engines Market size?
In 2024, the Middle East And Africa Internal Combustion Engines Market size is expected to reach USD 22.42 billion.
