Internal Combustion Engine Market Size, Share, and Trends 2024 to 2034

The global internal combustion engine market demand is calculated at 2,37,045.81 thousand units in 2025 and is forecasted to reach around 5,19,080.90 thousand units by 2034, accelerating at a CAGR of 9.11% from 2025 to 2034. The Asia Pacific internal combustion engine market demand surpassed 99,559.24 thousand units in 2025 and is expanding at a CAGR of 9.24% during the forecast period.

  • Last Updated : February 2025
  • Report Code : 4537
  • Category : Automotive

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Internal Combustion Engine Market 

5.1. COVID-19 Landscape: Internal Combustion Engine Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Internal Combustion Engine Market, By Fuel Type

8.1. Internal Combustion Engine Market Revenue and Volume, by Fuel Type

8.1.1. Petroleum

8.1.1.1. Market Revenue and Volume Forecast

8.1.2. Natural gas

8.1.2.1. Market Revenue and Volume Forecast

Chapter 9. Global Internal Combustion Engine Market, By End-use

9.1. Internal Combustion Engine Market Revenue and Volume, by End-use

9.1.1. Automotive

9.1.1.1. Market Revenue and Volume Forecast

9.1.2. Marine

9.1.2.1. Market Revenue and Volume Forecast

9.1.3. Aircraft

9.1.3.1. Market Revenue and Volume Forecast

Chapter 10. Global Internal Combustion Engine Market, Regional Estimates and Trend Forecast

10.1. North America

10.1.1. Market Revenue and Volume Forecast, by Fuel Type

10.1.2. Market Revenue and Volume Forecast, by End-use

10.1.3. U.S.

10.1.3.1. Market Revenue and Volume Forecast, by Fuel Type

10.1.3.2. Market Revenue and Volume Forecast, by End-use

10.1.4. Rest of North America

10.1.4.1. Market Revenue and Volume Forecast, by Fuel Type

10.1.4.2. Market Revenue and Volume Forecast, by End-use

10.2. Europe

10.2.1. Market Revenue and Volume Forecast, by Fuel Type

10.2.2. Market Revenue and Volume Forecast, by End-use

10.2.3. UK

10.2.3.1. Market Revenue and Volume Forecast, by Fuel Type

10.2.3.2. Market Revenue and Volume Forecast, by End-use

10.2.4. Germany

10.2.4.1. Market Revenue and Volume Forecast, by Fuel Type

10.2.4.2. Market Revenue and Volume Forecast, by End-use

10.2.5. France

10.2.5.1. Market Revenue and Volume Forecast, by Fuel Type

10.2.5.2. Market Revenue and Volume Forecast, by End-use

10.2.6. Rest of Europe

10.2.6.1. Market Revenue and Volume Forecast, by Fuel Type

10.2.6.2. Market Revenue and Volume Forecast, by End-use

10.3. APAC

10.3.1. Market Revenue and Volume Forecast, by Fuel Type

10.3.2. Market Revenue and Volume Forecast, by End-use

10.3.3. India

10.3.3.1. Market Revenue and Volume Forecast, by Fuel Type

10.3.3.2. Market Revenue and Volume Forecast, by End-use

10.3.4. China

10.3.4.1. Market Revenue and Volume Forecast, by Fuel Type

10.3.4.2. Market Revenue and Volume Forecast, by End-use

10.3.5. Japan

10.3.5.1. Market Revenue and Volume Forecast, by Fuel Type

10.3.5.2. Market Revenue and Volume Forecast, by End-use

10.3.6. Rest of APAC

10.3.6.1. Market Revenue and Volume Forecast, by Fuel Type

10.3.6.2. Market Revenue and Volume Forecast, by End-use

10.4. MEA

10.4.1. Market Revenue and Volume Forecast, by Fuel Type

10.4.2. Market Revenue and Volume Forecast, by End-use

10.4.3. GCC

10.4.3.1. Market Revenue and Volume Forecast, by Fuel Type

10.4.3.2. Market Revenue and Volume Forecast, by End-use

10.4.4. North Africa

10.4.4.1. Market Revenue and Volume Forecast, by Fuel Type

10.4.4.2. Market Revenue and Volume Forecast, by End-use

10.4.5. South Africa

10.4.5.1. Market Revenue and Volume Forecast, by Fuel Type

10.4.5.2. Market Revenue and Volume Forecast, by End-use

10.4.6. Rest of MEA

10.4.6.1. Market Revenue and Volume Forecast, by Fuel Type

10.4.6.2. Market Revenue and Volume Forecast, by End-use

10.5. Latin America

10.5.1. Market Revenue and Volume Forecast, by Fuel Type

10.5.2. Market Revenue and Volume Forecast, by End-use

10.5.3. Brazil

10.5.3.1. Market Revenue and Volume Forecast, by Fuel Type

10.5.3.2. Market Revenue and Volume Forecast, by End-use

10.5.4. Rest of LATAM

10.5.4.1. Market Revenue and Volume Forecast, by Fuel Type

10.5.4.2. Market Revenue and Volume Forecast, by End-use

Chapter 11. Company Profiles

11.1. Volkswagen AG

11.1.1. Company Overview

11.1.2. Product Offerings

11.1.3. Financial Performance

11.1.4. Recent Initiatives

11.2. Toyota Industries Corporation

11.2.1. Company Overview

11.2.2. Product Offerings

11.2.3. Financial Performance

11.2.4. Recent Initiatives

11.3. Toyota Industries Corporation

11.3.1. Company Overview

11.3.2. Product Offerings

11.3.3. Financial Performance

11.3.4. Recent Initiatives

11.4. Shanghai Diesel Engine Co., Ltd.

11.4.1. Company Overview

11.4.2. Product Offerings

11.4.3. Financial Performance

11.4.4. Recent Initiatives

11.5. BMW

11.5.1. Company Overview

11.5.2. Product Offerings

11.5.3. Financial Performance

11.5.4. Recent Initiatives

11.6. Rolls-Royce

11.6.1. Company Overview

11.6.2. Product Offerings

11.6.3. Financial Performance

11.6.4. Recent Initiatives

11.7. Navistar International Corporation

11.7.1. Company Overview

11.7.2. Product Offerings

11.7.3. Financial Performance

11.7.4. Recent Initiatives

11.8. MAN SE

11.8.1. Company Overview

11.8.2. Product Offerings

11.8.3. Financial Performance

11.8.4. Recent Initiatives

11.9. Kirloskar Oil Engines Ltd.

11.9.1. Company Overview

11.9.2. Product Offerings

11.9.3. Financial Performance

11.9.4. Recent Initiatives

11.10. Kirloskar Oil Engines Lt

11.10.1. Company Overview

11.10.2. Product Offerings

11.10.3. Financial Performance

11.10.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research

12.2. Secondary Research

12.3. Assumptions

Chapter 13. Appendix

13.1. About Us

13.2. Glossary of Terms

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Frequently Asked Questions

The global internal combustion engine market size is expected to increase 5,19,080.90 thousand units by 2034 from 2,16,995.43 thousand units in 2024.

The global internal combustion engine market will register growth rate of 9.11% between 2025 and 2034.

The major players operating in the internal combustion engine market are Volkswagen AG, Toyota Industries Corporation, Robert Bosch GmbH, Shanghai Diesel Engine Co., Ltd., BMW, Rolls-Royce, Navistar International Corporation, MAN SE, Kirloskar Oil Engines Ltd., Detroit Diesel, Cummins, Caterpillar Incorporated, Ashok Leyland Ltd, AB Volvo, Mahindra & Mahindra Ltd., Renault Group, MITSUBISHI HEAVY INDUSTRIES, LTD., General Motors, Ford Motor Company, AGCO Corporation, and Others.

The driving factors of the internal combustion engine market are the the rapid expansion of the automotive sector and wide application of ICEs.

Asia Pacific region will lead the global internal combustion engine market during the forecast period 2025 to 2034.

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