Report Update: Jan 1, 2025

World - Motor Vehicles Compression-Ignition Internal Combustion Piston Engines - Market Analysis, Forecast, Size, Trends and Insights

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Internal combustion engines market

Internal combustion engines market: find the most recent statistics featured by an Ai-driven market intelligence platform. Datasets contain companies, trade, production, consumption, exports, imports, market size, and market prices. There is a split by region, including the U.K., Africa, China, the Middle East, Russia, the U.S., EU, and Latin America. Market dynamics and outlook to 2030 are also featured in the snapshots.

Internal Combustion Engines - World's Largest Markets

Rating	Country
1	United States
2	China
3	Mexico
4	Germany
5	France

In value terms, the largest internal combustion engines markets worldwide were the United States, China and Mexico, with a combined 62% share of the global market. These countries were followed by Germany, France, the UK, South Korea, Thailand, Spain, Turkey, Nigeria and India, which together accounted for a further 17%.

The UK recorded the highest rates of growth with regard to market size, in terms of the main consuming countries over the period under review, while internal combustion engines market for the other global leaders experienced more modest paces of growth.

Internal Combustion Engines Prices

Lowest Prices - FOB - Top Exporters

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per unit			CAGR, 2018-2020
Spain	2017	1898	1931	-2.2%
United Kingdom	2422	2752	2724	6.1%
Poland	2495	2371	2941	8.6%
Italy	2710	2797	3038	5.9%
France	6016	4125	3480	-23.9%
Thailand	6269	5217	3521	-25.1%
Hungary	3700	3497	3788	1.2%
Austria	6394	5750	4298	-18.0%
Mexico	2712	4708	5921	47.8%
Germany	3726	5917	6612	33.2%
Sweden	7578	7693	7402	-1.2%
United States	13960	14024	13132	-3.0%
Average	4042	4426	4353	3.8%

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was the United States ($13,132 per unit), while Spain ($1,931 per unit) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Mexico, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per unit			CAGR, 2018-2020
United States	3960	5588	5142	13.9%
Poland	5108	4835	4780	-3.3%
Slovakia	4942	3829	4405	-5.6%
Russia	4457	3294	4162	-3.4%
France	3701	3431	3984	3.7%
Spain	3774	3906	3818	0.6%
Germany	3504	3180	3679	2.5%
Turkey	3468	3287	3430	-0.6%
Czech Republic	2845	2648	3126	4.8%
Thailand	3890	3609	2510	-19.7%
Mexico	1920	1960	1740	-4.8%
United Kingdom	1940	1731	1629	-8.4%
Morocco	1905	1747	1623	-7.7%
Average	3140	3122	3116	-0.4%

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was the United States ($5,142 per unit), while Morocco ($1,623 per unit) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by the United States, while the other global leaders experienced more modest paces of growth.

Internal Combustion Engines - Top Importers

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	billion USD			CAGR, 2018-2020
Mexico	5.5	5.5	4	-15.2%
Germany	3.7	3.9	3.7	-0.8%
United States	3.4	3.2	2.6	-12.0%
Turkey	2	1.7	1.7	-8.8%
Spain	2	1.9	1.3	-17.0%

In value terms, Mexico ($4B), Germany ($3.7B) and the United States ($2.6B) were the countries with the highest levels of imports in 2020, together comprising 42% of global imports. Turkey, Spain, the Czech Republic, France, Poland, Russia, Slovakia, Thailand, the UK and Morocco lagged somewhat behind, together comprising a further 32%.

Among the main importing countries, Slovakia recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced a decline in the imports figures.

Internal Combustion Engines - Top Exporters

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	billion USD			CAGR, 2018-2020
United States	5.5	5.9	4.4	-10.8%
Germany	5.3	4.6	3.4	-19.8%
Poland	1.9	1.7	2.1	4.4%
Austria	2.2	2.1	1.7	-13.7%
United Kingdom	2.2	2	1.6	-12.9%

In value terms, the largest internal combustion engines supplying countries worldwide were the United States ($4.4B), Germany ($3.4B) and Poland ($2.1B), with a combined 41% share of global exports.

Poland recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced a decline in the exports figures.

Internal Combustion Engines - Market Forecast

Depressed by shrinking demand for internal combustion engines worldwide, the market is expected to continue its downward consumption trend over the next decade. The performance of the market is forecast to contract with an anticipated CAGR of for the period from 2020 to 2030, which is projected to depress the market volume to by the end of 2030.

Internal Combustion Engines - Top Companies

Weichai Power Co., Ltd., Cummins Inc., Wärtsilä Oyj Abp, Brunswick Corporation, Rolls-Royce Power Systems AG, YANMAR CO.,LTD., MAN Energy Solutions SE, MTU Friedrichshafen GmbH, CUMMINS LTD., Detroit Diesel Corporation, GE Hungary Ipari és Kereskedelmi Korlátolt Felelösségü Társaság, Wärtsilä Finland Oy, SIAM TOYOTA MANUFACTURING COMPANY LIMITED, GE ENERGY PRODUCTS FRANCE SNC, Briggs & Stratton Corporation, DEUTZ AG, PERKINS ENGINES COMPANY LIMITED, MITSUBISHI HEAVY INDUSTRIES ENGINE & TURBOCHARGER,LTD., JOHN DEERE SAS, Siemens Industrial Turbomachinery AB

Internal Combustion Engines - Product Coverage

HS 840820 - Engines; compression-ignition internal combustion piston engines (diesel or semi-diesel engines), of a kind used for the propulsion of vehicles of chapter 87

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global internal combustion engines market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 29101300 - Vehicle compression-ignition internal combustion piston engines (diesel or semi-diesel) (excluding for railway or tramway rolling stock)

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

Global market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Global production, split by region and country
Global trade (exports and imports)
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption, By Country, 2018–2024
5. Production, In Physical Terms, By Country, 2012–2024
6. Imports, In Physical Terms, By Country, 2012–2024
7. Imports, In Value Terms, By Country, 2012–2024
8. Import Prices, By Country Of Destination, 2012–2024
9. Exports, In Physical Terms, By Country, 2012–2024
10. Exports, In Value Terms, By Country, 2012–2024
11. Export Prices, By Country Of Origin, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Consumption, By Country, 2024
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2024
18. Production, In Value Terms, 2012–2024
19. Production, By Country, 2024
20. Production, In Physical Terms, By Country, 2012–2024
21. Imports, In Physical Terms, 2012–2024
22. Imports, In Value Terms, 2012–2024
23. Imports, In Physical Terms, By Country, 2024
24. Imports, In Physical Terms, By Country, 2012–2024
25. Imports, In Value Terms, By Country, 2012–2024
26. Import Prices, By Country, 2012–2024
27. Exports, In Physical Terms, 2012–2024
28. Exports, In Value Terms, 2012–2024
29. Exports, In Physical Terms, By Country, 2024
30. Exports, In Physical Terms, By Country, 2012–2024
31. Exports, In Value Terms, By Country, 2012–2024
32. Export Prices, 2012–2024