Internal Combustion Engine Market Analysis By Fuel Type (Petroleum, Natural Gas), By Cycle (2 Stroke, 4 Stroke), By Application (Automotive, Aircraft, Marine) And Segment Forecasts To 2022
The global internal combustion engine market is expected to reach 197 million units by 2022, according to a new study by Grand View Research, Inc. Rising need for fuel efficiency has resulted in engine downsizing and turbocharging, which is expected to escalate market growth over the coming years.
Development of several advanced combustion mode such as homogeneous charge compression ignition (HCCI) is expected to catalyze industry growth. This may be attributed to growing demand for high efficiency along with low carbon emission. The automotive internal combustion engine market is expected to witness significant growth owing to high vehicle demand over the forecast period.
Development of alternative-fuel options such as compressed natural gas & propane autogas and electric vehicle is anticipated to pose challenge to the industry. However, replacement of these substitutes may require high amount of time owing to the reliability and efficiency offered by IC technology. Increasing fuel prices may also pose challenge to industry growth over the next seven years.
Further key findings from the study suggest:
Petroleum segment accounted for substantial market share in 2014, and is expected to witness growth over the next few years. Additionally, natural gas segment accounted for more than 15% of the overall consumption in 2014, which is expected to increase over the next few years; this may be primarily attributed to increasing shale gas production.
The four stroke engine segment is estimated to capture a sizeable market share owing to several benefits and high efficiency offered over two stroke engines. The two stroke segment is expected to witness steady growth over the next few years.
On account of surge in demand for commercial as well as passengers vehicles, the automotive segment is estimated to exhibit high growth over the next seven years. Further, marine applications are also poised for high growth owing to rising demand for submarines and ships for military applications.
Asia Pacific emerged as a dominant regional IC engine market, accounting for over 35% of the overall share in 2014. High demand across the automotive segment is anticipated to be the key factor that drives regional demand.
Key players include General Motors, Volkswagen AG, Rolls-Royce, Cummins, Caterpillar Inc., Toyota Industries Corporation and Volvo. The industry faces several challenges owing to frequent update in government rules and regulations, making value chain analysis significant.
Development of several advanced combustion mode such as homogeneous charge compression ignition (HCCI) is expected to catalyze industry growth. This may be attributed to growing demand for high efficiency along with low carbon emission. The automotive internal combustion engine market is expected to witness significant growth owing to high vehicle demand over the forecast period.
Development of alternative-fuel options such as compressed natural gas & propane autogas and electric vehicle is anticipated to pose challenge to the industry. However, replacement of these substitutes may require high amount of time owing to the reliability and efficiency offered by IC technology. Increasing fuel prices may also pose challenge to industry growth over the next seven years.
Further key findings from the study suggest:
Petroleum segment accounted for substantial market share in 2014, and is expected to witness growth over the next few years. Additionally, natural gas segment accounted for more than 15% of the overall consumption in 2014, which is expected to increase over the next few years; this may be primarily attributed to increasing shale gas production.
The four stroke engine segment is estimated to capture a sizeable market share owing to several benefits and high efficiency offered over two stroke engines. The two stroke segment is expected to witness steady growth over the next few years.
On account of surge in demand for commercial as well as passengers vehicles, the automotive segment is estimated to exhibit high growth over the next seven years. Further, marine applications are also poised for high growth owing to rising demand for submarines and ships for military applications.
Asia Pacific emerged as a dominant regional IC engine market, accounting for over 35% of the overall share in 2014. High demand across the automotive segment is anticipated to be the key factor that drives regional demand.
Key players include General Motors, Volkswagen AG, Rolls-Royce, Cummins, Caterpillar Inc., Toyota Industries Corporation and Volvo. The industry faces several challenges owing to frequent update in government rules and regulations, making value chain analysis significant.
CHAPTER 1. METHODOLOGY AND SCOPE
1.1. Research Methodology
1.2. Research Scope & Assumptions
1.3. List of Data Sources
CHAPTER 2. EXECUTIVE SUMMARY
2.1. Internal combustion engine - Industry snapshot & key buying criteria, 2012 - 2022
CHAPTER 3. INTERNAL COMBUSTION ENGINE INDUSTRY OUTLOOK
3.1. Market segmentation
3.2. Market size and growth prospects
3.3. Internal combustion engines value chain analysis
3.4. Internal combustion engine market dynamics
3.4.1. Market driver analysis
3.4.1.1. Rising consumer disposable income and high adoption in developing economies
3.4.1.2. Technological advancements
3.4.2. Market restraint analysis
3.4.2.1. Increased adoption of electric engines and rising emission standards
3.5. Key opportunities prioritized
3.6. Industry analysis - Porter's
3.7. Key competitor analysis, 2014
3.8. Internal combustion engine market PESTEL analysis, 2014
CHAPTER 4. INTERNAL COMBUSTION ENGINE FUEL TYPE OUTLOOK
4.1. Petroleum
4.1.1. Market estimates and forecasts by region, (Thousand Units), 2012 – 2022
4.2. Natural Gas
4.2.1. Market estimates and forecasts by region, (Thousand Units), 2012 – 2022
CHAPTER 5. INTERNAL COMBUSTION ENGINE CYCLE OUTLOOK
5.1. 2 stroke
5.1.1. Market estimates and forecasts by region, (Thousand Units), 2012 – 2022
5.2. 4 stroke
5.2.1. Market estimates and forecasts by region, (Thousand Units), 2012 – 2022
CHAPTER 6. INTERNAL COMBUSTION ENGINE APPLICATION OUTLOOK
6.1. Automotive
6.1.1. Market estimates and forecasts by region, (Thousand Units), 2012 – 2022
6.2. Aircraft
6.2.1. Market estimates and forecasts by region, (Thousand Units), 2012 – 2022
6.3. Marine
6.3.1. Market estimates and forecasts by region, (Thousand Units), 2012 – 2022
CHAPTER 7. INTERNAL COMBUSTION ENGINE REGIONAL OUTLOOK
7.1. North America
7.1.1. Market estimates and forecasts by fuel type, (Thousand Units), 2012 – 2022
7.1.2. Market estimates and forecasts by cycle, (Thousand Units), 2012 – 2022
7.1.3. Market estimates and forecasts by application, (Thousand Units), 2012 – 2022
7.1.4. U.S.
7.1.4.1. Market estimates and forecasts by fuel type, (Thousand Units), 2012 – 2022
7.1.4.2. Market estimates and forecasts by cycle, (Thousand Units), 2012 – 2022
7.1.4.3. Market estimates and forecasts by application, (Thousand Units), 2012 – 2022
7.1.5. Canada
7.1.5.1. Market estimates and forecasts by fuel type, (Thousand Units), 2012 – 2022
7.1.5.2. Market estimates and forecasts by cycle, (Thousand Units), 2012 – 2022
7.1.5.3. Market estimates and forecasts by application, (Thousand Units), 2012 – 2022
7.2. Europe
7.2.1. Market estimates and forecasts by fuel type, (Thousand Units), 2012 – 2022
7.2.2. Market estimates and forecasts by cycle, (Thousand Units), 2012 – 2022
7.2.3. Market estimates and forecasts by application, (Thousand Units), 2012 – 2022
7.2.4. Germany
7.2.4.1. Market estimates and forecasts by fuel type, (Thousand Units), 2012 – 2022
7.2.4.2. Market estimates and forecasts by cycle, (Thousand Units), 2012 – 2022
7.2.4.3. Market estimates and forecasts by application, (Thousand Units), 2012 – 2022
7.2.5. UK
7.2.5.1. Market estimates and forecasts by fuel type, (Thousand Units), 2012 – 2022
7.2.5.2. Market estimates and forecasts by cycle, (Thousand Units), 2012 – 2022
7.2.5.3. Market estimates and forecasts by application, (Thousand Units), 2012 – 2022
7.2.6. France
7.2.6.1. Market estimates and forecasts by fuel type, (Thousand Units), 2012 – 2022
7.2.6.2. Market estimates and forecasts by cycle, (Thousand Units), 2012 – 2022
7.2.6.3. Market estimates and forecasts by application, (Thousand Units), 2012 – 2022
7.2.7. Italy
7.2.7.1. Market estimates and forecasts by fuel type, (Thousand Units), 2012 – 2022
7.2.7.2. Internal combustion engine market by cycle, (Thousand Units), 2012 – 2022
7.2.7.3. Market estimates and forecasts by application, (Thousand Units), 2012 – 2022
7.3. Asia Pacific
7.3.1. Market estimates and forecasts by fuel type, (Thousand Units), 2012 – 2022
7.3.2. Market estimates and forecasts by cycle, (Thousand Units), 2012 – 2022
7.3.3. Market estimates and forecasts by application, (Thousand Units), 2012 – 2022
7.3.4. China
7.3.4.1. Market estimates and forecasts by fuel type, (Thousand Units), 2012 – 2022
7.3.4.2. Market estimates and forecasts by cycle, (Thousand Units), 2012 – 2022
7.3.4.3. Market estimates and forecasts by application, (Thousand Units), 2012 – 2022
7.3.5. India
7.3.5.1. Market estimates and forecasts by fuel type, (Thousand Units), 2012 – 2022
7.3.5.2. Market estimates and forecasts by cycle, (Thousand Units), 2012 – 2022
7.3.5.3. Market estimates and forecasts by application, (Thousand Units), 2012 – 2022
7.3.6. Japan
7.3.6.1. Market estimates and forecasts by fuel type, (Thousand Units), 2012 – 2022
7.3.6.2. Market estimates and forecasts by cycle, (Thousand Units), 2012 – 2022
7.3.6.3. Market estimates and forecasts by application, (Thousand Units), 2012 – 2022
7.3.7. Korea
7.3.7.1. Market estimates and forecasts by fuel type, (Thousand Units), 2012 – 2020
7.3.7.2. Market estimates and forecasts by cycle, (Thousand Units), 2012 – 2022
7.3.7.3. Market estimates and forecasts by application, (Thousand Units), 2012 – 2022
7.4. Latin America
7.4.1. Market estimates and forecasts by fuel type, (Thousand Units), 2012 – 2022
7.4.2. Market estimates and forecasts by cycle, (Thousand Units), 2012 – 2022
7.4.3. Market estimates and forecasts by application, (Thousand Units), 2012 – 2022
7.4.4. Brazil
7.4.4.1. Market estimates and forecasts by fuel type, (Thousand Units), 2012 – 2022
7.4.4.2. Market estimates and forecasts by cycle, (Thousand Units), 2012 – 2022
7.4.4.3. Market estimates and forecasts by application, (Thousand Units), 2012 – 2022
7.4.5. Mexico
7.4.5.1. Market estimates and forecasts by fuel type, (Thousand Units), 2012 – 2022
7.4.5.2. Market estimates and forecasts by cycle, (Thousand Units), 2012 – 2022
7.4.5.3. Market estimates and forecasts by application, (Thousand Units), 2012 – 2022
7.5. Middle East & Africa
7.5.1. Market estimates and forecasts by fuel type, (Thousand Units), 2012 – 2022
7.5.2. Market estimates and forecasts by cycle, (Thousand Units), 2012 – 2022
7.5.3. Market estimates and forecasts by application, (Thousand Units), 2012 – 2022
CHAPTER 8. COMPETITIVE LANDSCAPE
8.1. AGCO Corporation
8.1.1. Company Overview
8.1.2. Financial Performance
8.1.3. Product Benchmarking
8.1.4. Strategic Initiatives
8.2. Ashok Leyland Ltd
8.2.1. Company Overview
8.2.2. Financial Performance
8.2.3. Product Benchmarking
8.2.4. Strategic Initiatives
8.3. Bosch
8.3.1. Company Overview
8.3.2. Financial Performance
8.3.3. Product Benchmarking
8.3.4. Strategic Initiatives
8.4. Caterpillar Incorporated
8.4.1. Company Overview
8.4.2. Financial Performance
8.4.3. Product Benchmarking
8.4.4. Strategic Initiatives
8.5. Cummins
8.5.1. Company Overview
8.5.2. Financial Performance
8.5.3. Product Benchmarking
8.5.4. Strategic Initiatives
8.6. Ford Motor
8.6.1. Company Overview
8.6.2. Financial Performance
8.6.3. Product Benchmarking
8.6.4. Strategic Initiatives
8.7. General Motors
8.7.1. Company Overview
8.7.2. Financial Performance
8.7.3. Product Benchmarking
8.7.4. Strategic Initiatives
8.8. Kirloskar Oil Engines Ltd.
8.8.1. Company Overview
8.8.2. Financial Performance
8.8.3. Product Benchmarking
8.8.4. Strategic Initiatives
8.9. Mahindra Heavy Engines
8.9.1. Company Overview
8.9.2. Financial Performance
8.9.3. Product Benchmarking
8.9.4. Strategic Initiatives
8.10. MAN SE
8.10.1. Company Overview
8.10.2. Financial Performance
8.10.3. Product Benchmarking
8.10.4. Strategic Initiatives
8.11. Navistar International Corporation
8.11.1. Company Overview
8.11.2. Financial Performance
8.11.3. Product Benchmarking
8.11.4. Strategic Initiatives
8.12. Rolls-Royce
8.12.1. Company Overview
8.12.2. Financial Performance
8.12.3. Product Benchmarking
8.12.4. Strategic Initiatives
8.13. Shanghai Diesel Engine Company Limited
8.13.1. Company Overview
8.13.2. Financial Performance
8.13.3. Product Benchmarking
8.13.4. Strategic Initiatives
8.14. Toyota Industries Corporation
8.14.1. Company Overview
8.14.2. Financial Performance
8.14.3. Product Benchmarking
8.14.4. Strategic Initiatives
8.15. Volkswagen AG
8.15.1. Company Overview
8.15.2. Financial Performance
8.15.3. Product Benchmarking
8.15.4. Strategic Initiatives
8.16. Volvo
8.16.1. Company Overview
8.16.2. Financial Performance
8.16.3. Product Benchmarking
8.16.4. Strategic Initiatives
1.1. Research Methodology
1.2. Research Scope & Assumptions
1.3. List of Data Sources
CHAPTER 2. EXECUTIVE SUMMARY
2.1. Internal combustion engine - Industry snapshot & key buying criteria, 2012 - 2022
CHAPTER 3. INTERNAL COMBUSTION ENGINE INDUSTRY OUTLOOK
3.1. Market segmentation
3.2. Market size and growth prospects
3.3. Internal combustion engines value chain analysis
3.4. Internal combustion engine market dynamics
3.4.1. Market driver analysis
3.4.1.1. Rising consumer disposable income and high adoption in developing economies
3.4.1.2. Technological advancements
3.4.2. Market restraint analysis
3.4.2.1. Increased adoption of electric engines and rising emission standards
3.5. Key opportunities prioritized
3.6. Industry analysis - Porter's
3.7. Key competitor analysis, 2014
3.8. Internal combustion engine market PESTEL analysis, 2014
CHAPTER 4. INTERNAL COMBUSTION ENGINE FUEL TYPE OUTLOOK
4.1. Petroleum
4.1.1. Market estimates and forecasts by region, (Thousand Units), 2012 – 2022
4.2. Natural Gas
4.2.1. Market estimates and forecasts by region, (Thousand Units), 2012 – 2022
CHAPTER 5. INTERNAL COMBUSTION ENGINE CYCLE OUTLOOK
5.1. 2 stroke
5.1.1. Market estimates and forecasts by region, (Thousand Units), 2012 – 2022
5.2. 4 stroke
5.2.1. Market estimates and forecasts by region, (Thousand Units), 2012 – 2022
CHAPTER 6. INTERNAL COMBUSTION ENGINE APPLICATION OUTLOOK
6.1. Automotive
6.1.1. Market estimates and forecasts by region, (Thousand Units), 2012 – 2022
6.2. Aircraft
6.2.1. Market estimates and forecasts by region, (Thousand Units), 2012 – 2022
6.3. Marine
6.3.1. Market estimates and forecasts by region, (Thousand Units), 2012 – 2022
CHAPTER 7. INTERNAL COMBUSTION ENGINE REGIONAL OUTLOOK
7.1. North America
7.1.1. Market estimates and forecasts by fuel type, (Thousand Units), 2012 – 2022
7.1.2. Market estimates and forecasts by cycle, (Thousand Units), 2012 – 2022
7.1.3. Market estimates and forecasts by application, (Thousand Units), 2012 – 2022
7.1.4. U.S.
7.1.4.1. Market estimates and forecasts by fuel type, (Thousand Units), 2012 – 2022
7.1.4.2. Market estimates and forecasts by cycle, (Thousand Units), 2012 – 2022
7.1.4.3. Market estimates and forecasts by application, (Thousand Units), 2012 – 2022
7.1.5. Canada
7.1.5.1. Market estimates and forecasts by fuel type, (Thousand Units), 2012 – 2022
7.1.5.2. Market estimates and forecasts by cycle, (Thousand Units), 2012 – 2022
7.1.5.3. Market estimates and forecasts by application, (Thousand Units), 2012 – 2022
7.2. Europe
7.2.1. Market estimates and forecasts by fuel type, (Thousand Units), 2012 – 2022
7.2.2. Market estimates and forecasts by cycle, (Thousand Units), 2012 – 2022
7.2.3. Market estimates and forecasts by application, (Thousand Units), 2012 – 2022
7.2.4. Germany
7.2.4.1. Market estimates and forecasts by fuel type, (Thousand Units), 2012 – 2022
7.2.4.2. Market estimates and forecasts by cycle, (Thousand Units), 2012 – 2022
7.2.4.3. Market estimates and forecasts by application, (Thousand Units), 2012 – 2022
7.2.5. UK
7.2.5.1. Market estimates and forecasts by fuel type, (Thousand Units), 2012 – 2022
7.2.5.2. Market estimates and forecasts by cycle, (Thousand Units), 2012 – 2022
7.2.5.3. Market estimates and forecasts by application, (Thousand Units), 2012 – 2022
7.2.6. France
7.2.6.1. Market estimates and forecasts by fuel type, (Thousand Units), 2012 – 2022
7.2.6.2. Market estimates and forecasts by cycle, (Thousand Units), 2012 – 2022
7.2.6.3. Market estimates and forecasts by application, (Thousand Units), 2012 – 2022
7.2.7. Italy
7.2.7.1. Market estimates and forecasts by fuel type, (Thousand Units), 2012 – 2022
7.2.7.2. Internal combustion engine market by cycle, (Thousand Units), 2012 – 2022
7.2.7.3. Market estimates and forecasts by application, (Thousand Units), 2012 – 2022
7.3. Asia Pacific
7.3.1. Market estimates and forecasts by fuel type, (Thousand Units), 2012 – 2022
7.3.2. Market estimates and forecasts by cycle, (Thousand Units), 2012 – 2022
7.3.3. Market estimates and forecasts by application, (Thousand Units), 2012 – 2022
7.3.4. China
7.3.4.1. Market estimates and forecasts by fuel type, (Thousand Units), 2012 – 2022
7.3.4.2. Market estimates and forecasts by cycle, (Thousand Units), 2012 – 2022
7.3.4.3. Market estimates and forecasts by application, (Thousand Units), 2012 – 2022
7.3.5. India
7.3.5.1. Market estimates and forecasts by fuel type, (Thousand Units), 2012 – 2022
7.3.5.2. Market estimates and forecasts by cycle, (Thousand Units), 2012 – 2022
7.3.5.3. Market estimates and forecasts by application, (Thousand Units), 2012 – 2022
7.3.6. Japan
7.3.6.1. Market estimates and forecasts by fuel type, (Thousand Units), 2012 – 2022
7.3.6.2. Market estimates and forecasts by cycle, (Thousand Units), 2012 – 2022
7.3.6.3. Market estimates and forecasts by application, (Thousand Units), 2012 – 2022
7.3.7. Korea
7.3.7.1. Market estimates and forecasts by fuel type, (Thousand Units), 2012 – 2020
7.3.7.2. Market estimates and forecasts by cycle, (Thousand Units), 2012 – 2022
7.3.7.3. Market estimates and forecasts by application, (Thousand Units), 2012 – 2022
7.4. Latin America
7.4.1. Market estimates and forecasts by fuel type, (Thousand Units), 2012 – 2022
7.4.2. Market estimates and forecasts by cycle, (Thousand Units), 2012 – 2022
7.4.3. Market estimates and forecasts by application, (Thousand Units), 2012 – 2022
7.4.4. Brazil
7.4.4.1. Market estimates and forecasts by fuel type, (Thousand Units), 2012 – 2022
7.4.4.2. Market estimates and forecasts by cycle, (Thousand Units), 2012 – 2022
7.4.4.3. Market estimates and forecasts by application, (Thousand Units), 2012 – 2022
7.4.5. Mexico
7.4.5.1. Market estimates and forecasts by fuel type, (Thousand Units), 2012 – 2022
7.4.5.2. Market estimates and forecasts by cycle, (Thousand Units), 2012 – 2022
7.4.5.3. Market estimates and forecasts by application, (Thousand Units), 2012 – 2022
7.5. Middle East & Africa
7.5.1. Market estimates and forecasts by fuel type, (Thousand Units), 2012 – 2022
7.5.2. Market estimates and forecasts by cycle, (Thousand Units), 2012 – 2022
7.5.3. Market estimates and forecasts by application, (Thousand Units), 2012 – 2022
CHAPTER 8. COMPETITIVE LANDSCAPE
8.1. AGCO Corporation
8.1.1. Company Overview
8.1.2. Financial Performance
8.1.3. Product Benchmarking
8.1.4. Strategic Initiatives
8.2. Ashok Leyland Ltd
8.2.1. Company Overview
8.2.2. Financial Performance
8.2.3. Product Benchmarking
8.2.4. Strategic Initiatives
8.3. Bosch
8.3.1. Company Overview
8.3.2. Financial Performance
8.3.3. Product Benchmarking
8.3.4. Strategic Initiatives
8.4. Caterpillar Incorporated
8.4.1. Company Overview
8.4.2. Financial Performance
8.4.3. Product Benchmarking
8.4.4. Strategic Initiatives
8.5. Cummins
8.5.1. Company Overview
8.5.2. Financial Performance
8.5.3. Product Benchmarking
8.5.4. Strategic Initiatives
8.6. Ford Motor
8.6.1. Company Overview
8.6.2. Financial Performance
8.6.3. Product Benchmarking
8.6.4. Strategic Initiatives
8.7. General Motors
8.7.1. Company Overview
8.7.2. Financial Performance
8.7.3. Product Benchmarking
8.7.4. Strategic Initiatives
8.8. Kirloskar Oil Engines Ltd.
8.8.1. Company Overview
8.8.2. Financial Performance
8.8.3. Product Benchmarking
8.8.4. Strategic Initiatives
8.9. Mahindra Heavy Engines
8.9.1. Company Overview
8.9.2. Financial Performance
8.9.3. Product Benchmarking
8.9.4. Strategic Initiatives
8.10. MAN SE
8.10.1. Company Overview
8.10.2. Financial Performance
8.10.3. Product Benchmarking
8.10.4. Strategic Initiatives
8.11. Navistar International Corporation
8.11.1. Company Overview
8.11.2. Financial Performance
8.11.3. Product Benchmarking
8.11.4. Strategic Initiatives
8.12. Rolls-Royce
8.12.1. Company Overview
8.12.2. Financial Performance
8.12.3. Product Benchmarking
8.12.4. Strategic Initiatives
8.13. Shanghai Diesel Engine Company Limited
8.13.1. Company Overview
8.13.2. Financial Performance
8.13.3. Product Benchmarking
8.13.4. Strategic Initiatives
8.14. Toyota Industries Corporation
8.14.1. Company Overview
8.14.2. Financial Performance
8.14.3. Product Benchmarking
8.14.4. Strategic Initiatives
8.15. Volkswagen AG
8.15.1. Company Overview
8.15.2. Financial Performance
8.15.3. Product Benchmarking
8.15.4. Strategic Initiatives
8.16. Volvo
8.16.1. Company Overview
8.16.2. Financial Performance
8.16.3. Product Benchmarking
8.16.4. Strategic Initiatives
