Small Internal Combustion Engine (ICE) Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2021 to 2027

The Small Internal Combustion Engine (ICE) Market was valued at US$ 4,450.14 million in 2019 and it is projected to reach US$ 5,280.83 million by 2027. It is expected to grow at a CAGR of 4% from 2021 to 2027.

Small IC engines allow manufacturers to offer small form factor machines or tools such as small cars, lawn cutters and high-end small generators. Additionally, the growing adoption of natural gas is creating many opportunities for market participants to develop advanced compact engines with strong power and efficiency. The strong adoption of IC engines in commercial vehicles, passenger cars and utility equipment is driving the small IC engine market in Europe. Due to the presence of prominent engine manufacturers such as Hatz, DEUTZ and Yanmar Co., Ltd., the German-led engine manufacturing sector is the largest contributor to the European market.

Market Segments

By Fuel Type

• Gasoline
• Diesel
• Gas

By Cylinder

• 1
• 2
• 3
• 4

Power Output

• 1–5 kW
• 6–10 kW
• 11–20 kW

Key Players

• Caterpillar Inc. 
• Kawasaki Heavy Industries, Ltd
• MITSUBISHI HEAVY INDUSTRIES, LTD
• Liebherr
• YANMAR HOLDINGS CO., LTD
• Cummins, Inc.
• Fairbanks Morse
• Rolls-Royce Holdings plc 

Scope of the Report

The research study analyzes the global Small Internal Combustion Engine (ICE) industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Small Internal Combustion Engine (ICE) Market Report

1. What was the Small Internal Combustion Engine (ICE) Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).

2. What will be the CAGR of the Small Internal Combustion Engine (ICE) Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Small Internal Combustion Engine (ICE) Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.