Market Overview

The Global Internal Combustion Engine Market was valued at USD 154,622.6 million in 2023 and is expected to reach USD 230,194.4 million by 2031 while growing at a CAGR of 5.1% during the forecast period (2024-2031).

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global internal combustion engine market growth. The Internal Combustion Engine (ICE) generates mechanical energy by burning a fuel-air mixture in its combustion chamber, producing high-temperature, high-pressure gases. These gases rapidly expand, creating force to move pistons, turn a crankshaft, and produce rotational motion.

Increasing vehicle ownership and ongoing advancements in internal combustion engine technology drive the growth of the internal combustion engine market. However, obstacles such as environmental concerns, emission regulations, and fuel efficiency standards may hinder market expansion.

Furthermore, the global internal combustion engine industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Fuel Type Analysis

The Global Internal Combustion Engine Market is segmented among Petroleum, and Natural Gas, based on Fuel Type. In 2023, Petroleum accounted for the majority of the market share*.

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By End-use Analysis

The Global Internal Combustion Engine Market is segmented among Automotive, Marine, and Aircraft, based on End-use. In 2023, Automotive accounted for the majority of the market share*.

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Internal Combustion Engine Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Asia Pacific dominated the market with the highest market share, while North America is expected to grow with the highest CAGR during the forecast period (2024 – 2031).

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are AB Volvo, TOYOTA MOTOR CORPORATION, Volkswagen Group, Rolls-Royce plc, Mahindra & Mahindra Ltd., Renault Group, MITSUBISHI HEAVY INDUSTRIES, LTD., MAN, General Motors, Ford Motor Company, FCA US LLC, Robert Bosch GmbH, AGCO Corporation, Caterpillar, and Shanghai Diesel Engine Co., Ltd.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Internal Combustion Engine Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Internal Combustion Engine Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Internal Combustion Engine Market Segmentation, By Fuel Type

• Global Internal Combustion Engine Market Share Analysis, By Fuel Type

• Global Internal Combustion Engine Market Growth Analysis, By Fuel Type

• Global Internal Combustion Engine Market Trends, By Fuel Type

o Petroleum

o Natural Gas

6. Global Internal Combustion Engine Market Segmentation, By End-use

• Global Internal Combustion Engine Market Share Analysis, By End-use

• Global Internal Combustion Engine Market Growth Analysis, By End-use

• Global Internal Combustion Engine Market Trends, By End-use

o Automotive

o Marine, and Aircraft

o Animal

7. Global Internal Combustion Engine Market Segmentation, By Region

• Global Internal Combustion Engine Market Share Analysis, By Region

• Global Internal Combustion Engine Market Growth Analysis, By Region

• Global Internal Combustion Engine Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

8. Competitive Landscape

• AB Volvo*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• Toyota Motor Corporation

• Volkswagen Group

• Rolls-Royce plc

• Mahindra & Mahindra Ltd.

• Renault Group

• Mitsubishi Heavy Industries, Ltd.

• MAN

• General Motors

• Ford Motor Company

• FCA US LLC

• Robert Bosch GmbH

• AGCO Corporation

• Caterpillar

• Shanghai Diesel Engine Co., Ltd.

*Similar analysis will be provided for each company listed above.