Vehicle Combustion Engine Market 2024 – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024 – 2030

Zaraki Kenpachi

March 30, 2021

Vehicle combustion engine is a heat engine that generates power by burning fuel at high pressure and high temperature inside the combustion chamber of an engine. Subsequently, the engine converts this energy from combustion to work. The combustion engine has fixed cylinders and moving pistons inside the cylinders, which helps to turn the crankshaft of an engine.
The combustion engine has two types of ignition systems: spark ignition gasoline engine and compression ignition diesel engine. Both engines are mostly four-stroke cycle engines.

Key Drivers of Vehicle Combustion Engine Market

Rise in demand for fuel-efficient engines, which emit less carbon, is likely to propel the vehicle combustion engine market across the globe. Rise in disposable income and reduction in tax rates on vehicles and premium cars are prompting consumers to own vehicles, which in turn is likely to increase the demand for combustion engines across the globe. Technological advancements including homogenous charge compression ignition (HCCI) are anticipated to boost the vehicle combustion engine market across the globe.
Rise in government initiatives for the reduction of vehicle emission across North America and Europe is projected to fuel the use of combustion engines in these regions, which in turn is likely to boost the vehicle combustion engine market in these regions. Introduction to new technologies that help enhance fuel-efficiency, including multi fuel capability, is likely to boost the vehicle combustion engine market across the globe. Major original equipment manufacturers are introducing lightweight vehicles to improve the fuel-efficiency of vehicles, which in turn is likely to drive the vehicle combustion engine market across the globe.

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Europe & Asia Pacific to hold significant share of global vehicle combustion engine market

Europe is projected to account for a significant share of the global vehicle combustion engine market due to stringent rules and regulations regarding vehicle emission norms enacted across the region. Europe has presence of major original equipment manufacturers as well as tier-1 suppliers who have major facilities that undertake research & development regarding the light weight engine, which is likely to propel the vehicle combustion engine market across the globe.
Followed by Europe, Asia Pacific is projected to account a significant share of the global vehicle combustion engine market due to an increase in sale of vehicles across the region

Key Players Operating in Vehicle Combustion Engine Market

The global vehicle combustion engine market is expanding consistently, as a large number of players operate in the market. A few of the key players operating in the vehicle combustion engine market are: