South America Internal Combustion Engines Market Size & Share Analysis - Growth, Trends, and Forecasts (2025 - 2030)

The South America Internal Combustion Engines Market Report is Segmented by Capacity (50 Cm3 To 200 Cm3, 201 Cm3 To 800 Cm3, 801 Cm3 To 1500 Cm3, and 1501 Cm3 To 3000 Cm3), by Fuel Type (Gasoline, Diesel and Others) and by Geography ( Brazil, Chile, Argentina, Colombia and Rest of South America). The Report Offers the Market Size and Forecasts for South America Internal Combustion Engines Market in Revenue (USD) for all the Above Segments.

South America Internal Combustion Engines Market Size & Share Analysis - Growth, Trends, and Forecasts (2025 - 2030)

South America Internal Combustion Engines Market Size

South America Internal Combustion Engines Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2019 - 2023
Market Size (2025) USD 34.03 Billion
Market Size (2030) USD 44.69 Billion
CAGR (2025 - 2030) 5.60 %

Major Players

South America Internal Combustion Engines Market Major Players

*Disclaimer: Major Players sorted in no particular order

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South America Internal Combustion Engines Market Analysis

The South America Internal Combustion Engines Market size is estimated at USD 34.03 billion in 2025, and is expected to reach USD 44.69 billion by 2030, at a CAGR of 5.6% during the forecast period (2025-2030).

• Over the medium term, increasing demand for ICE two-wheelers and the rise of plug-in hybrid ICE vehicles (PHEV) are expected to drive the growth of the South America Internal Combustion Engines Market during the forecast period.

• On the other hand, the rising electric vehicle market and demand for the adoption of cleaner fuels in regard to the green climate goals are expected to hinder the growth of South America's Internal Combustion Engines Market during the forecast period.

• Nevertheless, technological innovation and adaptation of the latest technologies in plug-in hybrid vehicles are likely to create opportunities for the South America Internal Combustion Engines Market during the forecast period.

• Brazil dominates the market and is also likely to witness the highest growth during the forecast period.

South America Internal Combustion Engines Industry Overview

The South America Internal Combustion Engines Market is semi-fragmented. The key players in this market include (in no particular order) General Motors, Volkswagen Group, Volvo AB, MAN SE, Bayerische Motoren Werke AG, Ford Motor Company, Toyota Motor Corporation, and Renault Group.

South America Internal Combustion Engines Market Leaders

  1. Toyota Motor Corporation

  2. Volkswagen Group

  3. Renault Group

  4. General Motors

  5. Ford motor company

  6. MAN SE

  7. *Disclaimer: Major Players sorted in no particular order
South America Internal Combustion Engines Market Concentration
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South America Internal Combustion Engines Market News

September 2023: Renault Group announced that it has plans to invest USD 400 million in the South American Country, Brazil, which includes a new vehicle platform to be produced in its Parana state industrial complex in Brazil that would allow the company to produce internal combustion engines in these facilities.

July 2023: BYD announced that it will build three factories 50 km from Salvador in the Camaçari complex, Brazil, with an initial investment of USD 620 million. The second manufacturing unit will produce PHEV, with an estimated 150,000 units/ year capacity in the first phase.

South America Internal Combustion Engines Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD billion, till 2029
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.1.1 Increasing demand for ICE two-wheelers
    • 4.5.1.2 Rise of plug-in hybrid ICE vehicles (PHEV)
    • 4.5.2 Restraints
    • 4.5.2.1 Rising Battery electric vehicle market
  • 4.6 Supply Chain Analysis
  • 4.7 Porter's Five Forces Analysis
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Consumers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitutes Products and Services
    • 4.7.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 By capacity
    • 5.1.1 50 cm3 to 200 cm3
    • 5.1.2 201 cm3 to 800 cm3
    • 5.1.3 801 cm3 to 1500 cm3
    • 5.1.4 1501 cm3 to 3000 cm3
  • 5.2 By Fuel Type
    • 5.2.1 Gasoline
    • 5.2.2 Diesel
    • 5.2.3 Others
  • 5.3 Geography
    • 5.3.1 Brazil
    • 5.3.2 Chile
    • 5.3.3 Argentina
    • 5.3.4 Colombia
    • 5.3.5 Rest of South America

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Market Players
    • 6.3.1.1 Volkswagen Group
    • 6.3.1.2 General Motors
    • 6.3.1.3 MAN SE
    • 6.3.1.4 Bayerische Motoren Werke AG
    • 6.3.1.5 Hyundai Motors
    • 6.3.1.6 Ford motor company
    • 6.3.1.7 Renault Group
    • 6.3.1.8 Toyota Motor Corporation
  • *List Not Exhaustive
  • 6.4 Market Ranking Analysis
  • 6.5 List of Other Prominent Companies

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Technological innovation and adaptation of the latest technologies in plug-in hybrid vehicles
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South America Internal Combustion Engines Industry Segmentation

An internal combustion engine, typically used in motive cars, trucks, buses, and locomotives, is a heat engine in which the combustion of a liquid/gaseous fuel occurs with air/oxygen in a combustion chamber that is an essential part of the working fuel. The chemical expansion of the high-pressure and high-temperature gases produced by combustion applies direct force to the engine's components. This force is typically applied to pistons, gas turbine blades, a rotor engine, or a jet engine.

The South American Internal Combustion Engines 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 Brazil, Chile, Argentina, Colombia, and the Rest of South American Countries.

By capacity 50 cm3 to 200 cm3
201 cm3 to 800 cm3
801 cm3 to 1500 cm3
1501 cm3 to 3000 cm3
By Fuel Type Gasoline
Diesel
Others
Geography Brazil
Chile
Argentina
Colombia
Rest of South America
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South America Internal Combustion Engines Market Research FAQs

How big is the South America Internal Combustion Engines Market?

The South America Internal Combustion Engines Market size is expected to reach USD 34.03 billion in 2025 and grow at a CAGR of 5.60% to reach USD 44.69 billion by 2030.

What is the current South America Internal Combustion Engines Market size?

In 2025, the South America Internal Combustion Engines Market size is expected to reach USD 34.03 billion.

Who are the key players in South America Internal Combustion Engines Market?

Toyota Motor Corporation, Volkswagen Group, Renault Group, General Motors, Ford motor company and MAN SE are the major companies operating in the South America Internal Combustion Engines Market.

What years does this South America Internal Combustion Engines Market cover, and what was the market size in 2024?

In 2024, the South America Internal Combustion Engines Market size was estimated at USD 32.12 billion. The report covers the South America Internal Combustion Engines Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the South America Internal Combustion Engines Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

South America Internal Combustion Engines Industry Report

Statistics for the 2025 South America Internal Combustion Engines market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South America Internal Combustion Engines analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.