Global Internal Combustion Engine Market Growth, Share, Size, Trends and Forecast (2024 - 2030)
By Fuel Type;
Petroleum (Diesel, Gasoline, & Others) and Natural Gas (CNG, LNG, & Others).By End Use;
Automotive, Marine, and Aircraft.By Geography;
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2020 - 2030).Introduction
Global Internal Combustion Engine Market (USD Million), 2020 - 2030
In the year 2023, the Global Internal Combustion Engine Market was valued at USD 225.21 million. The size of this market is expected to increase to USD 327.61 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 5.5%.
The global Internal Combustion Engine (ICE) market is a vital sector within the automotive, transportation, and power generation industries, playing a significant role in driving economic activities worldwide. At the core of this market lies the internal combustion engine, a mechanical device that converts the chemical energy stored in fuel into mechanical energy through the process of combustion within the engine's cylinders.
An internal combustion engine operates by burning a mixture of fuel and air within enclosed cylinders, producing high-pressure gases that drive pistons in a controlled sequence. This linear motion is converted into rotary motion, which powers various applications such as vehicles, generators, and machinery. Internal combustion engines are known for their versatility, reliability, and efficiency, making them the primary choice for a wide range of power generation and propulsion needs.
The internal combustion engine can be further classified into various types based on its design, fuel type, and application. Common variants include gasoline engines, diesel engines, and natural gas engines, each tailored to specific requirements and operating conditions. Gasoline engines are widely used in passenger vehicles, offering a balance of performance, fuel efficiency, and emissions control. Diesel engines, on the other hand, are favored for their higher torque output and fuel efficiency, making them suitable for heavy-duty trucks, buses, and industrial machinery. Natural gas engines provide a cleaner alternative to traditional fuels, offering reduced emissions and lower operating costs, particularly in stationary power generation and fleet applications.
Despite advancements in electric and hybrid propulsion technologies, internal combustion engines continue to dominate the automotive and power generation sectors, owing to their proven reliability, infrastructure support, and cost-effectiveness. Moreover, ongoing efforts to improve engine efficiency, reduce emissions, and transition to alternative fuels such as biofuels and hydrogen are driving innovation within the ICE market, ensuring its continued relevance in the transition towards more sustainable energy solutions.
Global Internal Combustion Engine Market Recent Developments & Report Snapshot
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In June 2023, General Motors disclosed plans to invest USD 632 million in upgrading its Fort Wayne Assembly facility in Indiana. The investment is intended to modernize the plant to produce the next generation of full-sized ICE trucks. This strategic move underscores the company's commitment to enhancing manufacturing capabilities and meeting the evolving demands of the automotive industry.
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In April 2023, Mercedes unveiled its final new combustion engine model, introducing the sixth-generation E-Class. Manufactured in Germany and China, the vehicle is set to debut in the European market in the third quarter of 2023. While future iterations of the E-Class will be built on a new platform optimized for electric vehicles, the current generation will offer hybrid options alongside traditional internal combustion engines.
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In March 2023, Rolls-Royce Power Systems announced its ambitious plan to develop a high-speed internal combustion engine prototype for maritime vessels. This innovative engine design is tailored to run on eco-friendly methanol, enabling carbon dioxide-neutral operations. The collaborative project, dubbed "MeOHmare," involves Rolls-Royce, Woodward L'Orange, and WTZ Roßlau, with collaborative efforts dating back to early 2023.
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In March 2023, JCB Power Systems Ltd. unveiled a groundbreaking hydrogen combustion engine, offering a cost-effective and environmentally friendly alternative with zero CO2 emissions at the point of use. The hydrogen-powered engine delivers several advantages over traditional diesel or gasoline options, utilizing hydrogen fuel during operation to produce only steam without CO2 emissions. Additionally, JCB's hydrogen prototype backhoe loader matches the performance of its diesel-powered counterpart.
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In September 2022, Anglo Belgian Corporation NV completed the acquisition of E Van Wingen, a Belgium-based company specializing in medium-sized engine development and production. This strategic move aims to synergize efforts and capabilities to contribute to the ongoing energy transition.
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In April 2022, Cummins Inc. finalized the acquisition of Jacobs Vehicle Systems (JVS) from Altra Industrial Motion Corp. This acquisition enables Cummins to leverage JVS's advanced technologies, fostering growth in existing and future engine platforms. Additionally, the integration of JVS expands Cummins' portfolio, ensuring access to crucial engine components and enhancing offerings for customers worldwide.
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In April 2021, Toyota Motor Corporation announced its commitment to achieving a carbon-neutral mobility society, unveiling the development of a hydrogen engine. As part of this initiative, Toyota installed the hydrogen engine on a racing vehicle based on the Corolla Sport model, showcasing its dedication to advancing alternative energy solutions and exploring the potential of hydrogen-powered engines for sustainable transportation.
Parameters | Description |
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Market | Global Internal Combustion Engine Market |
Study Period | 2020 - 2030 |
Base Year (for Internal Combustion Engine Market Size Estimates) | 2023 |
Drivers |
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Restraints |
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Opportunities |
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Segment Analysis
The global Internal Combustion Engine (ICE) market exhibits a multifaceted landscape, characterized by diverse fuel types, applications, and end-uses. One of the primary distinctions within this market is based on fuel type, with petroleum and natural gas emerging as the dominant categories. Petroleum-based internal combustion engines encompass a wide range of variants, including diesel and gasoline engines, along with alternative fuels. Diesel engines are commonly employed in heavy-duty vehicles, such as trucks and buses, as well as in industrial machinery and power generators, owing to their high torque output and fuel efficiency. Gasoline engines, meanwhile, find extensive use in passenger vehicles, offering a balance of performance, fuel economy, and emissions control. Additionally, ongoing research and development efforts focus on exploring alternative fuels such as biofuels and hydrogen, aiming to enhance the sustainability of petroleum-based ICEs.
Natural gas has emerged as a viable alternative to traditional petroleum fuels in recent years, particularly in response to environmental concerns and the push for cleaner energy solutions. Natural gas internal combustion engines, fueled by compressed natural gas (CNG) or liquefied natural gas (LNG), offer lower emissions and reduced operating costs compared to conventional petroleum-based engines. CNG and LNG engines find application in various sectors, including transportation, power generation, and industrial machinery. Moreover, advancements in natural gas engine technology, coupled with the growing availability of natural gas infrastructure, contribute to the expanding adoption of natural gas as a fuel for internal combustion engines globally.
Another key aspect of the global ICE market is its segmentation by application, distinguishing between automotive and non-automotive sectors. The automotive segment encompasses a broad spectrum of vehicles, ranging from passenger cars and light trucks to heavy-duty commercial vehicles and off-road machinery. Internal combustion engines power the majority of vehicles on the road today, providing propulsion and power generation for transportation and mobility needs worldwide. In contrast, the non-automotive segment comprises a diverse array of applications, including stationary power generation, marine propulsion, and aircraft engines. Internal combustion engines play a crucial role in these non-automotive applications, providing reliable and efficient power sources for various industrial, commercial, and marine vessels, as well as aircraft.
The end-use segmentation of the global ICE market highlights the diverse applications and industries that rely on internal combustion engines for their operations. In addition to automotive applications, internal combustion engines are widely used in marine vessels for propulsion and power generation, powering ships, boats, and offshore platforms across the globe. Similarly, aircraft engines, including piston engines and turbine engines, utilize internal combustion principles to generate thrust and power onboard systems. The automotive, marine, and aircraft sectors represent key end-users of internal combustion engines, each with its unique requirements and challenges, driving demand and innovation within the global ICE market.
Global Internal Combustion Engine Segment Analysis
In this report, the Global Internal Combustion Engine Market has been segmented by Fuel Type, Vehicle Type, and Geography.
Global Internal Combustion Engine Market, Segmentation by Fuel Type
The Global Internal Combustion Engine Market has been segmented by Fuel Type into Petroleum (Diesel, Gasoline, & Others) and Natural Gas (CNG, LNG, & Others).
Petroleum-based fuels, including diesel and gasoline, have long been the primary choice for powering internal combustion engines in various applications ranging from passenger vehicles to heavy-duty trucks and industrial machinery. Diesel engines, known for their high torque output and fuel efficiency, are widely used in heavy-duty applications such as long-haul transportation, construction, and agriculture. On the other hand, gasoline engines are prevalent in passenger vehicles, offering a balance of performance, fuel economy, and emissions control that meets the demands of modern commuters and drivers.
The market for petroleum-based internal combustion engines continues to evolve with advancements in engine technology and regulatory requirements aimed at reducing emissions and improving efficiency. Manufacturers are investing in research and development to develop cleaner-burning engines that comply with stringent emission standards while delivering superior performance and fuel economy. Additionally, innovations such as turbocharging, direct fuel injection, and variable valve timing are enhancing the efficiency and power output of petroleum-fueled engines, ensuring their continued relevance in the automotive and industrial sectors.
In parallel, the global ICE market is witnessing a growing interest in alternative fuels, particularly natural gas, as a cleaner and more sustainable alternative to traditional petroleum-based fuels. Compressed Natural Gas (CNG) and Liquefied Natural Gas (LNG) are gaining traction as viable fuel options for internal combustion engines, offering lower emissions and reduced carbon footprint compared to diesel and gasoline. Natural gas engines are increasingly being used in commercial vehicles, buses, and stationary power generation applications, driven by environmental regulations, fuel cost savings, and the availability of abundant natural gas resources.
Advancements in natural gas engine technology, including dual-fuel systems, lean-burn combustion, and advanced emissions control technologies, are further driving the adoption of natural gas as a viable fuel for internal combustion engines. In addition to CNG and LNG, other alternative fuels such as renewable natural gas (RNG), hydrogen, and synthetic fuels are also being explored as potential options for powering internal combustion engines in the quest for cleaner and more sustainable transportation and power generation solutions.
Global Internal Combustion Engine Market, Segmentation by Vehicle Type
The Global Internal Combustion Engine Market has been segmented by Vehicle Type into Automotive, Marine, and Aircraft.
In the automotive sector, internal combustion engines are the primary power source for various vehicles, ranging from passenger cars and trucks to commercial vehicles and buses. Gasoline and diesel engines are commonly used in automobiles, offering a balance of performance, fuel efficiency, and emissions control. These engines provide the necessary propulsion to propel vehicles on roads, highways, and off-road terrains, meeting the mobility needs of individuals and facilitating the movement of goods and services across the globe.
The marine industry relies heavily on internal combustion engines to drive ships, boats, and other watercraft for transportation, commerce, and leisure activities. Marine engines, typically diesel-powered, are engineered to withstand the harsh marine environment and provide reliable propulsion for vessels of all sizes, from small fishing boats to large container ships and cruise liners. These engines enable marine transportation to connect ports, facilitate international trade, and support offshore exploration and logistics operations.
In the aircraft sector, internal combustion engines play a critical role in powering various types of aircraft, including propeller-driven airplanes and helicopters. Aircraft engines are specially designed to provide high levels of power and reliability, enabling safe and efficient flight operations. While traditional piston engines are still used in smaller aircraft, larger commercial airliners typically rely on gas turbine engines, also known as jet engines, for propulsion. These engines generate thrust by compressing air and combusting fuel in a continuous cycle, allowing aircraft to travel at high speeds and altitudes across long distances.
Global Internal Combustion Engine Market, Segmentation by Geography
In this report, the Global Internal Combustion Engine Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Internal Combustion Engine Market Share (%), by Geographical Region, 2023
The global Internal Combustion Engine (ICE) market serves diverse end-uses, including automotive, marine, and aircraft sectors, each playing a crucial role in powering transportation and propulsion systems worldwide.
In the automotive sector, internal combustion engines are the primary power source for various vehicles, ranging from passenger cars and trucks to commercial vehicles and buses. Gasoline and diesel engines are commonly used in automobiles, offering a balance of performance, fuel efficiency, and emissions control. These engines provide the necessary propulsion to propel vehicles on roads, highways, and off-road terrains, meeting the mobility needs of individuals and facilitating the movement of goods and services across the globe.
The marine industry relies heavily on internal combustion engines to drive ships, boats, and other watercraft for transportation, commerce, and leisure activities. Marine engines, typically diesel-powered, are engineered to withstand the harsh marine environment and provide reliable propulsion for vessels of all sizes, from small fishing boats to large container ships and cruise liners. These engines enable marine transportation to connect ports, facilitate international trade, and support offshore exploration and logistics operations.
In the aircraft sector, internal combustion engines play a critical role in powering various types of aircraft, including propeller-driven airplanes and helicopters. Aircraft engines are specially designed to provide high levels of power and reliability, enabling safe and efficient flight operations. While traditional piston engines are still used in smaller aircraft, larger commercial airliners typically rely on gas turbine engines, also known as jet engines, for propulsion. These engines generate thrust by compressing air and combusting fuel in a continuous cycle, allowing aircraft to travel at high speeds and altitudes across long distances.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Internal Combustion Engine Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
- Growth in Commercial Vehicle Sales
- Technological Advancements
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Stringent Emission Regulations : Stringent emission regulations are compelling automotive manufacturers to adopt technologies geared towards enhancing fuel efficiency and reducing emissions in vehicles. These mandates, imposed by governments worldwide, are driving the development and implementation of advanced technologies such as start-stop systems and integrated starter-generators. These systems aim to minimize fuel consumption and emissions by automatically shutting off the engine when the vehicle is stationary and restarting it when needed, thereby reducing unnecessary idling. As a result, there is an increased demand for starter motors that can efficiently support these innovative technologies while maintaining reliable performance.
The push towards cleaner transportation solutions is reshaping the automotive industry landscape, with manufacturers striving to meet increasingly stringent emission standards. This shift is not only driving the development of eco-friendly vehicle technologies but also influencing the demand for components like starter motors. As automotive manufacturers continue to invest in research and development to comply with regulatory requirements and consumer preferences for greener vehicles, the demand for starter motors designed to support these advancements is expected to grow steadily in the global market.
- Shift in Consumer Preferences
- Longer Vehicle Lifecycles
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Global Trade and Tariffs : Trade tensions and tariffs between countries have the potential to significantly disrupt the global flow of goods, impacting various industries, including the trucking sector. Such tensions can lead to increased costs of importing and exporting vehicles and their components, affecting the profitability of truck manufacturers and their suppliers. As a result, uncertainty surrounding trade agreements and tariffs can dampen investment confidence and slow down the growth of the trucking industry, consequently influencing the demand for starter motors, especially in regions heavily reliant on international trade.
Trade disputes may prompt countries to impose retaliatory measures, further exacerbating the challenges faced by truck manufacturers and suppliers. Higher tariffs on imported trucks or components can increase production costs, leading to higher prices for end consumers. This scenario could potentially stifle demand for trucks, impacting the need for starter motors. Moreover, the uncertainty surrounding trade policies can deter companies from making long-term investment decisions, potentially hindering innovation and technological advancements in the truck starter motor market.
- Electric and Hybrid Trucks
- Integration of Start-Stop Systems
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Fuel Efficiency and Emissions Reduction : Regulatory initiatives worldwide are pushing for reduced greenhouse gas emissions and enhanced fuel efficiency in the automotive sector, compelling truck manufacturers to adopt cutting-edge technologies. Within this landscape, advanced starter motors emerge as pivotal components, offering significant contributions to these objectives. By facilitating smoother engine startups and minimizing energy consumption during ignition cycles, these sophisticated starter motors align with the overarching goal of optimizing engine performance while curbing emissions and enhancing fuel efficiency. Their integration into truck systems not only ensures more environmentally sustainable operations but also underscores the industry's commitment to meeting stringent regulatory standards and addressing environmental concerns head-on.
The convergence of regulatory pressures and technological advancements positions advanced starter motors as indispensable solutions in the pursuit of fuel efficiency and emissions reduction. As truck manufacturers strive to navigate increasingly stringent regulations and consumer demands for greener transportation options, the role of innovative starter motor technologies becomes increasingly pronounced, offering a tangible pathway towards achieving sustainability goals while driving performance and efficiency gains in the global trucking industry.
Competitive Landscape Analysis
Key players in Global Internal Combustion Engine Market include
- Cummins Inc.
- Caterpillar Inc.
- Rolls-Royce Holdings plc
- Volvo Group
- General Motors Company
- Toyota Motor Corporation
- Ford Motor Company
- Honda Motor Co., Ltd.
- Mitsubishi Heavy Industries, Ltd.
- MAN SE
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Fuel Type
- Market Snapshot, By End Use
- Market Snapshot, By Region
- Global Internal Combustion Engine Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Growth in Commercial Vehicle Sales
- Technological Advancements
- Stringent Emission Regulations
- Restraints
- Shift in Consumer Preferences
- Longer Vehicle Lifecycles
- Global Trade and Tariffs
- Opportunities
- Electric and Hybrid Trucks
- Integration of Start-Stop Systems
- Fuel Efficiency and Emissions Reduction
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Internal Combustion Engine Market, By Fuel Type, 2020 - 2030 (USD Million)
- Petroleum
- Diesel
- Gasoline
- Others
- Natural Gas
- CNG
- LNG
- Others
- Petroleum
- Global Internal Combustion Engine Market, By End Use, 2020 - 2030 (USD Million)
- Automotive
- Marine
- Aircraft
- Global Internal Combustion Engine Market, By Geography, 2020 - 2030 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Internal Combustion Engine Market, By Fuel Type, 2020 - 2030 (USD Million)
- Competitive Landscape
- Company Profiles
- Cummins Inc.
- Caterpillar Inc.
- Rolls-Royce Holdings plc
- Volvo Group
- General Motors Company
- Toyota Motor Corporation
- Ford Motor Company
- Honda Motor Co., Ltd.
- Mitsubishi Heavy Industries, Ltd.
- MAN SE
- Company Profiles
- Analyst Views
- Future Outlook of the Market
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