Internal Combustion Engine (ICE) Market By Fuel (Natural gas, Petroleum) End User (Marine, Automotive, Aircraft) - Global Industry Analysis & Forecast to 2025
Industry Outlook and Trend Analysis
The Internal Combustion Engine (ICE) Market has encountered significant development over the recent years and is anticipated to grow tremendously over the forecast period. The market, in the course of the most recent couple of years, has encountered difficulties because of substantial reliance on constrained reserves of petroleum derivatives and prerequisite for upgrades in emission levels. Nonetheless, the ongoing array of cutting edge technologies, including low temperature ignition motors and half and half frameworks, have bolstered the business to gain recognition, a pattern anticipated to boost industry development over the estimate time frame.
Based on fuel, the petroleum segment ruled the market with a volume-based share of over 80.0% in 2017. Natural gas, though available in bulk and with a viable cost benefit, held a smaller market share in 2017. In terms of application the automotive section captured for over 65.0% of the volume in 2017 and is anticipated to account for the fastest development over the forecast period.
Asia Pacific held a considerable volume share of over 40.0% in 2017. This is credited to high production of vehicle in the area.
Rest of Europe
Rest of Asia-Pacific
Rest of South America
Middle East and Africa
Rest of MEA
The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
Ashok Leyland Ltd
Kirloskar Oil Engines Ltd
Toyota Industries Corporation
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2025?
What will be the industry market growth from 2015 to 2025?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?