The global market for commercial internal combustion engines reached $166.9 billion in 2016 and should reach $208.3 billion by 2020, growing at a compound annual growth rate (CAGR) of 5.7% from 2016 to 2020
NEW YORK, Dec. 27, 2017 /PRNewswire/ -- The global market for commercial internal combustion engines reached $166.9 billion in 2016 and should reach $208.3 billion by 2020, growing at a compound annual growth rate (CAGR) of 5.7% from 2016 to 2020.
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• Asia-Pacific as a segment of this market reached $69.7 billion in 2016 and should reach $89.3 billion by 2020, growing at a CAGR of 6.4% from 2016 to 2020.
• Western Europe as a segment of this market reached $30.2 billion in 2016 and should reach $36.2 billion by 2020, growing at a CAGR of 4.7% from 2016 to 2020.
Chapter 1: Introduction
BCC Research's goal in performing this study was to determine the global market and future demand growth for internal combustion engine manufacturing over the five-year period from 2016 through 2020. Of particular focus was characterizing and quantifying the potential of the market for internal combustion engines by geography, and product (i.e., automobile, aircraft, and others).
The report also evaluates the market across each geography. Opportunities in each type of geography have been discussed in detail. Factors that affect the market such as drivers, restraints, and trends have been discussed. The key objective was to present a comprehensive discussion of where the state-of-theart is in internal combustion engines and forecast the future commercial potential for the key market segments.
This discussion provides a basis for companies to make strategic choices about developing new products and markets or deciding which applications are needed in their organizations. The study will benefit internal combustion engine manufacturers, providers of raw materials, users of internal combustion engines, governments around the world, automobile producers and others.
Study Goals and Objectives
• To sum up the global internal combustion engines manufacturing market size.
• To estimate the growth rate of the global internal combustion engines market.
• To segment the market in the deepest possible way.
• To provide market numbers and growth rates at geographically.
• To identify major drivers and restraints.
• To identify key trends and technology updates in the field.
Reasons for Doing This Study
In the 21st century, where every field is impacted by information technology (IT), combustion engines are no exception. Moreover, increasing concerns for rising carbon emissions and global warming, has led companies and governments worldwide to try to reduce the global carbon footprint.
Global industry leaders and large organizations see an expanded role for IT in fuel efficiency, 3D printing, IoT, and clean fuel engine technologies.
The global internal combustion engines market is undergoing a transformation led by the increasing demand clean fuel utilization, fuel efficiency, greater automobile safety, and lower maintenance. These areas of improvements are expected to drive the changes and improvements in the internal combustion engines market. At the same time, the industry in developed economies is positioned to become analytics-driven. Analytics is the systematic use of data developed through statistical, quantitative, predictive, cognitive
The market for internal combustion engines manufacturing is marginally consolidated with a few large players, dominating the market. Major players in the market include United Technologies Corporation, General Electric Company, Cummins Inc., and others.
Scope of Report
This research report categorizes the internal combustion engines manufacturing market by type. Product type include automobile engines, aircraft engines, and other engines.
Information Sources
• Public information via annual reports to shareholders as well as other government reports that are available for public review.
• Company marketing information, advertising, company press releases, state and local news sources, and subscription-based information.
• Online research including third-party references.
• Trade associations, directories and publications.
• Telephone interviews with both current customers and prospects.
• Various private industry sources.
Methodology
Research methodology followed in this report is a top-down approach. Various sources were used to arrive at the total market figure, which was broken down into various applications and sub markets based on primary and secondary data. Both a quantitative and qualitative approaches were used to derive the market size and growth rates. Many secondary sources were reviewed and extensive primary research was conducted with key opinion leaders, marketing managers, product managers and end users.
Market numbers have been calculated in constant U.S. dollars.
Geographic Breakdown
In this report, the geographic regions considered for market analysis include, and only include:
• Asia Pacific
• North America
• South America
• Western Europe
• Eastern Europe
• Middle East
• Africa
Commercial Internal Combustion Engine Manufacturing, by Segment
Aircraft Engine
Automobile Engine
Others
Commercial Internal Combustion Engine Manufacturing, by Region
Asia Pacific
North America
Western Europe
South America
Eastern Europe
Middle East Africa
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