Internal Combustion Engine Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented, By Fuel Type (Petroleum, Natural Gas), By End-User (Automotive, Marine, Aircraft), By Region, By Competition, 2020-2030F

May 2025 | 180 pages | ID: IB7CAD439C20EN
TechSci Research

Abstracts

Market Overview

The Global Internal Combustion Engine Market was valued at USD 283.11 Billion in 2024 and is projected to reach USD 399.28 Billion by 2030, registering a CAGR of 5.74% during the forecast period. Internal combustion engines (ICEs) remain a critical technology in transportation, industrial, marine, and power generation sectors. They convert fuel energy into mechanical work through combustion within a confined chamber, providing reliable and scalable power solutions. Despite the rising adoption of electric vehicles and stricter environmental regulations, the ICE market continues to grow due to continuous technological enhancements, hybrid engine integration, and strong demand in regions with limited EV infrastructure. Innovations in fuel efficiency and performance optimization are extending the relevance of ICEs, particularly in emerging economies and heavy-duty applications.

Key Market Drivers

Growing Demand for Fuel-Efficient and High-Performance Vehicles

Rising consumer awareness of fuel costs and environmental impact is driving demand for internal combustion engines that balance fuel efficiency with high performance. ICEs have evolved with technologies such as turbocharging, direct fuel injection, and hybridization, enabling automakers to meet stricter emissions standards while maintaining vehicle performance. These developments appeal to a wide consumer base—from compact urban cars to high-performance sports vehicles—especially in regions where EV adoption is slower due to infrastructure limitations. Continued improvements in ICE efficiency ensure their competitive edge, reinforcing their position in the global vehicle market. By 2030, fuel-efficient vehicle sales are expected to surpass USD 900 billion globally, with more than 80 countries advancing fuel economy regulations.

Key Market Challenges

Environmental Regulations and Shift Toward Sustainable Alternatives

The ICE market is increasingly challenged by global decarbonization efforts and stringent environmental policies. Regulatory bodies are enforcing lower emission caps on CO?, NOx, and particulates, pushing OEMs to innovate rapidly or risk market share loss. Additionally, the growing consumer shift toward electric and hydrogen-powered alternatives intensifies competition. While ICE development must continue to meet performance and cost expectations, the added burden of regulatory compliance raises manufacturing costs. Expanding EV infrastructure and incentives further erode ICE demand, presenting a long-term challenge to traditional engine manufacturers in aligning with the global sustainability agenda.

Key Market Trends

Transition to Cleaner and More Efficient Internal Combustion Engines (ICEs)

In response to emissions regulations and climate awareness, the ICE market is transitioning toward cleaner, more efficient engines. Automakers are incorporating technologies like variable valve timing, exhaust gas recirculation (EGR), and hybrid electric powertrains to meet emissions standards without sacrificing output. Concurrently, the use of cleaner fuels such as biofuels, LPG, and CNG is gaining traction. These solutions extend ICE viability while reducing greenhouse gas emissions. Collaborations among automakers, fuel producers, and policymakers are fostering the development of eco-friendly ICE solutions that align with long-term sustainability targets and consumer expectations.

Key Market Players

• Volkswagen AG
• Toyota Industries Corporation
• Robert Bosch GmbH
• Shanghai Diesel Engine Co., Ltd.
• BMW AG
• General Motors
• AB Volvo
• AGCO Corporation

Report Scope:

In this report, the Global Internal Combustion Engine Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Internal Combustion Engine Market, By Fuel Type:
• Petroleum
• Natural Gas
• Internal Combustion Engine Market, By End-User:
• Automotive
• Marine
• Aircraft
• Internal Combustion Engine Market, By Region:

North America

• United States
• Canada
• Mexico

Europe

• France
• United Kingdom
• Italy
• Germany
• Spain

Asia-Pacific

• China
• India
• Japan
• Australia
• South Korea

South America

• Brazil
• Argentina
• Colombia

Middle East & Africa

• South Africa
• Saudi Arabia
• UAE
• Kuwait
• Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Internal Combustion Engine Market.

Available Customizations:

Global Internal Combustion Engine Market report with the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional Market players (up to five).

Contents

1. PRODUCT OVERVIEW

1.1. Market Definition
1.2. Scope of the Market
  1.2.1. Markets Covered
  1.2.2. Years Considered for Study
1.3. Key Market Segmentations

2. RESEARCH METHODOLOGY

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Formulation of the Scope
2.4. Assumptions and Limitations
2.5. Sources of Research
  2.5.1. Secondary Research
  2.5.2. Primary Research
2.6. Approach for the Market Study
  2.6.1. The Bottom-Up Approach
  2.6.2. The Top-Down Approach
2.7. Methodology Followed for Calculation of Market Size & Market Shares
2.8. Forecasting Methodology
  2.8.1. Data Triangulation & Validation

3. EXECUTIVE SUMMARY

3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, and Trends

4. VOICE OF CUSTOMER

5. GLOBAL INTERNAL COMBUSTION ENGINE MARKET OUTLOOK

5.1. Market Size & Forecast
  5.1.1. By Value
5.2. Market Share & Forecast
  5.2.1. By Fuel Type (Petroleum, Natural Gas)
  5.2.2. By End-User (Automotive, Marine, Aircraft)
  5.2.3. By Region
5.3. By Company (2024)
5.4. Market Map

6. NORTH AMERICA INTERNAL COMBUSTION ENGINE MARKET OUTLOOK

6.1. Market Size & Forecast
  6.1.1. By Value
6.2. Market Share & Forecast
  6.2.1. By Fuel Type
  6.2.2. By End-User
  6.2.3. By Country
6.3. North America: Country Analysis
  6.3.1. United States Internal Combustion Engine Market Outlook
    6.3.1.1. Market Size & Forecast
      6.3.1.1.1. By Value
    6.3.1.2. Market Share & Forecast
      6.3.1.2.1. By Fuel Type
      6.3.1.2.2. By End-User
  6.3.2. Canada Internal Combustion Engine Market Outlook
    6.3.2.1. Market Size & Forecast
      6.3.2.1.1. By Value
    6.3.2.2. Market Share & Forecast
      6.3.2.2.1. By Fuel Type
      6.3.2.2.2. By End-User
  6.3.3. Mexico Internal Combustion Engine Market Outlook
    6.3.3.1. Market Size & Forecast
      6.3.3.1.1. By Value
    6.3.3.2. Market Share & Forecast
      6.3.3.2.1. By Fuel Type
      6.3.3.2.2. By End-User

7. EUROPE INTERNAL COMBUSTION ENGINE MARKET OUTLOOK

7.1. Market Size & Forecast
  7.1.1. By Value
7.2. Market Share & Forecast
  7.2.1. By Fuel Type
  7.2.2. By End-User
  7.2.3. By Country
7.3. Europe: Country Analysis
  7.3.1. Germany Internal Combustion Engine Market Outlook
    7.3.1.1. Market Size & Forecast
      7.3.1.1.1. By Value
    7.3.1.2. Market Share & Forecast
      7.3.1.2.1. By Fuel Type
      7.3.1.2.2. By End-User
  7.3.2. United Kingdom Internal Combustion Engine Market Outlook
    7.3.2.1. Market Size & Forecast
      7.3.2.1.1. By Value
    7.3.2.2. Market Share & Forecast
      7.3.2.2.1. By Fuel Type
      7.3.2.2.2. By End-User
  7.3.3. Italy Internal Combustion Engine Market Outlook
    7.3.3.1. Market Size & Forecast
      7.3.3.1.1. By Value
    7.3.3.2. Market Share & Forecast
      7.3.3.2.1. By Fuel Type
      7.3.3.2.2. By End-User
  7.3.4. France Internal Combustion Engine Market Outlook
    7.3.4.1. Market Size & Forecast
      7.3.4.1.1. By Value
    7.3.4.2. Market Share & Forecast
      7.3.4.2.1. By Fuel Type
      7.3.4.2.2. By End-User
  7.3.5. Spain Internal Combustion Engine Market Outlook
    7.3.5.1. Market Size & Forecast
      7.3.5.1.1. By Value
    7.3.5.2. Market Share & Forecast
      7.3.5.2.1. By Fuel Type
      7.3.5.2.2. By End-User

8. ASIA-PACIFIC INTERNAL COMBUSTION ENGINE MARKET OUTLOOK

8.1. Market Size & Forecast
  8.1.1. By Value
8.2. Market Share & Forecast
  8.2.1. By Fuel Type
  8.2.2. By End-User
  8.2.3. By Country
8.3. Asia-Pacific: Country Analysis
  8.3.1. China Internal Combustion Engine Market Outlook
    8.3.1.1. Market Size & Forecast
      8.3.1.1.1. By Value
    8.3.1.2. Market Share & Forecast
      8.3.1.2.1. By Fuel Type
      8.3.1.2.2. By End-User
  8.3.2. India Internal Combustion Engine Market Outlook
    8.3.2.1. Market Size & Forecast
      8.3.2.1.1. By Value
    8.3.2.2. Market Share & Forecast
      8.3.2.2.1. By Fuel Type
      8.3.2.2.2. By End-User
  8.3.3. Japan Internal Combustion Engine Market Outlook
    8.3.3.1. Market Size & Forecast
      8.3.3.1.1. By Value
    8.3.3.2. Market Share & Forecast
      8.3.3.2.1. By Fuel Type
      8.3.3.2.2. By End-User
  8.3.4. South Korea Internal Combustion Engine Market Outlook
    8.3.4.1. Market Size & Forecast
      8.3.4.1.1. By Value
    8.3.4.2. Market Share & Forecast
      8.3.4.2.1. By Fuel Type
      8.3.4.2.2. By End-User
  8.3.5. Australia Internal Combustion Engine Market Outlook
    8.3.5.1. Market Size & Forecast
      8.3.5.1.1. By Value
    8.3.5.2. Market Share & Forecast
      8.3.5.2.1. By Fuel Type
      8.3.5.2.2. By End-User

9. SOUTH AMERICA INTERNAL COMBUSTION ENGINE MARKET OUTLOOK

9.1. Market Size & Forecast
  9.1.1. By Value
9.2. Market Share & Forecast
  9.2.1. By Fuel Type
  9.2.2. By End-User
  9.2.3. By Country
9.3. South America: Country Analysis
  9.3.1. Brazil Internal Combustion Engine Market Outlook
    9.3.1.1. Market Size & Forecast
      9.3.1.1.1. By Value
    9.3.1.2. Market Share & Forecast
      9.3.1.2.1. By Fuel Type
      9.3.1.2.2. By End-User
  9.3.2. Argentina Internal Combustion Engine Market Outlook
    9.3.2.1. Market Size & Forecast
      9.3.2.1.1. By Value
    9.3.2.2. Market Share & Forecast
      9.3.2.2.1. By Fuel Type
      9.3.2.2.2. By End-User
  9.3.3. Colombia Internal Combustion Engine Market Outlook
    9.3.3.1. Market Size & Forecast
      9.3.3.1.1. By Value
    9.3.3.2. Market Share & Forecast
      9.3.3.2.1. By Fuel Type
      9.3.3.2.2. By End-User

10. MIDDLE EAST AND AFRICA INTERNAL COMBUSTION ENGINE MARKET OUTLOOK

10.1. Market Size & Forecast
  10.1.1. By Value
10.2. Market Share & Forecast
  10.2.1. By Fuel Type
  10.2.2. By End-User
  10.2.3. By Country
10.3. Middle East and Africa: Country Analysis
  10.3.1. South Africa Internal Combustion Engine Market Outlook
    10.3.1.1. Market Size & Forecast
      10.3.1.1.1. By Value
    10.3.1.2. Market Share & Forecast
      10.3.1.2.1. By Fuel Type
      10.3.1.2.2. By End-User
  10.3.2. Saudi Arabia Internal Combustion Engine Market Outlook
    10.3.2.1. Market Size & Forecast
      10.3.2.1.1. By Value
    10.3.2.2. Market Share & Forecast
      10.3.2.2.1. By Fuel Type
      10.3.2.2.2. By End-User
  10.3.3. UAE Internal Combustion Engine Market Outlook
    10.3.3.1. Market Size & Forecast
      10.3.3.1.1. By Value
    10.3.3.2. Market Share & Forecast
      10.3.3.2.1. By Fuel Type
      10.3.3.2.2. By End-User
  10.3.4. Kuwait Internal Combustion Engine Market Outlook
    10.3.4.1. Market Size & Forecast
      10.3.4.1.1. By Value
    10.3.4.2. Market Share & Forecast
      10.3.4.2.1. By Fuel Type
      10.3.4.2.2. By End-User
  10.3.5. Turkey Internal Combustion Engine Market Outlook
    10.3.5.1. Market Size & Forecast
      10.3.5.1.1. By Value
    10.3.5.2. Market Share & Forecast
      10.3.5.2.1. By Fuel Type
      10.3.5.2.2. By End-User

11. MARKET DYNAMICS

11.1. Drivers
11.2. Challenges

12. MARKET TRENDS & DEVELOPMENTS

12.1. Merger & Acquisition (If Any)
12.2. Product Launches (If Any)
12.3. Recent Developments

13. COMPANY PROFILES

13.1. Volkswagen AG
  13.1.1. Business Overview
  13.1.2. Key Revenue and Financials
  13.1.3. Recent Developments
  13.1.4. Key Personnel/Key Contact Person
  13.1.5. Key Product/Services Offered
13.2. Toyota Industries Corporation
13.3. Robert Bosch GmbH
13.4. Shanghai Diesel Engine Co., Ltd.
13.5. BMW AG
13.6. General Motors
13.7. AB Volvo
13.8. AGCO Corporation

14. STRATEGIC RECOMMENDATIONS

15. ABOUT US & DISCLAIMER