Global Internal Combustion Engine Industry

Global Internal Combustion Engine Industry

  • September 2020 •
  • 185 pages •
  • Report ID: 5957155 •
  • Format: PDF
Global Internal Combustion Engine Market to Reach 226.8 Million Units by the Year 2027

Amid the COVID-19 crisis, the global market for Internal Combustion Engine estimated at 165.2 Million Units in the year 2020, is projected to reach a revised size of 226.8 Million Units by 2027, growing at a CAGR of 4.6% over the analysis period 2020-2027.Automotive, one of the segments analyzed in the report, is projected to grow at a 4.8% CAGR to reach 163.1 Million Units by the end of the analysis period.After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Aircraft segment is readjusted to a revised 4.5% CAGR for the next 7-year period. This segment currently accounts for a 12% share of the global Internal Combustion Engine market.

The U.S. Accounts for Over 28.8% of Global Market Size in 2020, While China is Forecast to Grow at a 7.7% CAGR for the Period of 2020-2027

The Internal Combustion Engine market in the U.S. is estimated at 47.6 Million Units in the year 2020. The country currently accounts for a 28.82% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of 41 Million Units in the year 2027 trailing a CAGR of 7.7% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.7% and 3.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.4% CAGR while Rest of European market (as defined in the study) will reach 41 Million Units by the year 2027.

Marine Segment Corners a 16.9% Share in 2020

In the global Marine segment, USA, Canada, Japan, China and Europe will drive the 3.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of 21.1 Million Units in the year 2020 will reach a projected size of 27.4 Million Units by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach 30.9 Million Units by the year 2027, while Latin America will expand at a 4.3% CAGR through the analysis period. We bring years of research experience to this 6th edition of our report. The 185-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others,
  • Andreas Stihl AG & Co. KG
  • Ashok Leyland Ltd.
  • BMW AG
  • Bombardier, Inc.
  • Briggs & Stratton Corporation
  • Caterpillar, Inc.
  • CNH Industrial N.V.
  • Cummins, Inc.
  • Daimler AG
  • Detroit Diesel Corporation
  • Deutz AG
  • Doosan Infracore Co., Ltd.
  • Eicher Motors Ltd.
  • FCA US LLC
  • Ford Motor Company
  • GE Power
  • Greaves Cotton Limited
  • Hino Motors Ltd.
  • Honda Motor Co., Ltd.
  • Husqvarna AB
  • Isuzu Motors Ltd.
  • JCB India Ltd.
  • John Deere
  • Kawasaki Heavy Industries Ltd.
  • Kirloskar Oil Engines Ltd.
  • Kohler Company
  • Komatsu Ltd.
  • Kubota (UK) Ltd.
  • Liebherr-International AG (Liebherr Group)
  • Lombardini Srl.
  • Lycoming Engines
  • MAN SE
  • Mercedes-Benz
  • Mitsubishi Turbocharger and Engine Europe B.V.
  • Moteurs Baudouin
  • Mtu Friedrichshafen GmbH
  • Navistar, Inc.
  • Paccar Inc.
  • Perkins Engines Company Limited
  • Rolls-Royce Holdings PLC
  • Scania AB
  • STEYR MOTORS GmbH
  • Suzuki Corporation
  • Toyota Motor Corporation
  • Volkswagen AG
  • Volvo Penta
  • Wacker Neuson SE
  • Wartsila Corporation
  • Weichai Power Co., Ltd.
  • Yamaha Corporation
  • Yanmar Co., Ltd.
  • Zetor Tractors AS