Internal Combustion Engine Market Size, Share, Challenges, Drivers and Forecasts To 2021

Market Research analysts forecast the global internal combustion engine market to grow at a CAGR of 7% during the period 2017-2021.

The following companies as the key players in the global internal combustion engine market: Caterpillar, Cummins, Doosan Infracore, Hyundai Machinery, and MAN.

Other Prominent Vendors in the market are: AGCO Power, Andreas Stihl, Ashok Leyland, BMW, Bombardier, Briggs & Stratton, CNH Industrial, Cooper, Cummins, Daimler, Detroit Diesel, Deutz, Dolmar, Eicher Motors, Emak, FCA US, Fiat Powertrain Technologies, Ford Motor Company, GE Power, Greaves Cotton, Hatz Diesel, Hino Motors, Honda, Husqvarna, Isuzu, JCB, John Deere, Kawasaki, Kirloskar, Kohler, Komatsu, Kubota, Liebherr, Lombardini, Lycoming Engines, Mercedes-Benz, Mitsubishi Turbocharger and Engine, Moteurs Baudouin, MTU, Navistar, PACCAR, Perkins, Rolls Royce, Scania, Simpson and Company, Solo, STEYR MOTORS, Suzuki, Toro, Toyota, Volkswagen, Volvo, Volvo Penta, Wacker Neuson, WärtsiläWartsila, Weichai Power, Yamabiko, Yamaha, Yanmar, and Zetor.

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Commenting on the report, an analyst from Technavio’s team said: “One trend in market is development of homogeneous charge compression ignition engines. The development of an engine that runs on gasoline while delivering the torque and efficiency of a diesel engine has always been the center of study for automotive engineers and researchers worldwide. This has resulted in the development of the homogeneous charge compression ignition engines (HCCI). In these engines, the fuel and air are compressed to the extent that it is auto-ignited. This eliminates the need for a spark plug to ignite the air-fuel mixture. This results in consumption of less fuel while generating power levels at par with traditional engines.

According to the report, one driver in market is growing demand for diesel generators. Emergency backup generators can prove to be a lifeline in times of crisis. Power outages even for a few minutes can imperil public health and safety as critical services come to an operational halt. Blackouts also prove to be detrimental to business, resulting in loss of revenue due to the failure to carry out normal operations. In times of power outages due to grid failure, emergency backup generators provide respite to residential as well as commercial and industrial end-users with reliable, instant, and full strength electric power.

Further, the report states that one challenge in market is availability of alternate fuel-powered vehicles. The increased emphasis on reducing emissions and undoing climate change has led to increased adoption of electric vehicles. These vehicles run on electricity. They are equipped with batteries that store electrical energy required to operate the vehicle. These batteries can be charged at charging stations, and the rise in the number of charging stations facilitates the growing demand for electric vehicles, thus making their use convenient. The running of an Electric Vehicle (EV) causes no pollution. Also, many EVs have regenerative braking, which enhances their efficiency. Even when the vehicle slows down, the motor continues to operate and the power is fed back to the battery, thereby ensuring that it charges. Automotive giants like BMW, Volkswagen, and Ford have established their firm place in this segment. The governments of the US and China, considered top emitters of greenhouse gases, are taking initiatives to promote the adoption of these vehicles.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

About Internal Combustion Engine

Various types of combustion engines were developed and tested during the second half of the 19th century. In the following decade, many such engines were produced with a power delivery of 6 HP and efficiency around 5%. This was followed by the introduction of the Otto-Langen engines in 1867 with enhanced efficiency up to 10%. It was during this time that the basic four-stroke engines that are used in modern day automobiles evolved and were considered as the best design.

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Covered in this report

The report covers the present scenario and the growth prospects of the global internal combustion engine market for 2017-2021. To calculate the market size, the report discusses the major drivers influencing market growth and the challenges faced by the market as a whole.

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

Global Internal Combustion Engine Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Caterpillar
Cummins
Doosan Infracore
Hyundai Machinery
MAN

Other prominent vendors
AGCO Power
Andreas Stihl
Ashok Leyland
BMW
Bombardier
Briggs & Stratton
CNH Industrial
Cooper
Cummins
Daimler
Detroit Diesel
Deutz
Dolmar
Eicher Motors
Emak
FCA US
Fiat Powertrain Technologies
Ford Motor Company
GE Power
Greaves Cotton
Hatz Diesel
Hino Motors
Honda
Husqvarna
Isuzu
JCB
John Deere
Kawasaki
Kirloskar
Kohler
Komatsu
Kubota
Liebherr
Lombardini
Lycoming Engines
Mercedes-Benz
Mitsubishi Turbocharger and Engine
Moteurs Baudouin
MTU
Navistar
PACCAR
Perkins
Rolls Royce
Scania
Simpson and Company.
Solo
STEYR MOTORS
Suzuki
Toro
Toyota
Volkswagen
Volvo
Volvo Penta
Wacker Neuson
WärtsiläWartsila
Weichai Power
Yamabiko
Yamaha
Yanmar
Zetor

Market driver
Growth in non-automotive diesel engine market.
For a full, detailed list, view our report

Market challenge
Availability of alternate fuel-powered vehicles.
For a full, detailed list, view our report

Market trend
Development of homogeneous charge compression ignition (HCCI) engines.
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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