About Small Internal Combustion Engine (ICE)
A small internal combustion engine (ICE) is a type of engine that uses the controlled burning of fuel to generate mechanical power. They are typically used in applications where a compact and portable power source is needed, such as in model airplanes, chainsaws, lawnmowers, and generators. The Small Internal Combustion Engine market is expected to experience moderate growth in the coming years, driven by demand in developing economies, a focus on fuel efficiency and emissions reduction, and a growing demand for distributed power generation.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analyst at AMA Research estimates that Japanese Vendors will contribute the maximum growth to Global Small Internal Combustion Engine (ICE) market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Briggs & Stratton (United States), Honda Motor Co., Ltd. (Japan), Yamaha Motor Co., Ltd. (Japan), Kawasaki Heavy Industries, Ltd. (Japan), Kohler Co. (United States), KUBOTA Corporation (Japan), FPT Industrial S.P.A. (Italy), DEUTZ AG (Germany), YANMAR HOLDINGS Co., Ltd. (Japan) and Dongfeng Motor Corporation Ltd. (China) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Lister Petter (United Kingdom), WMC (United States), Loncinindustries (China), Lifan Industry Co., Ltd. (China) and Perkins Engines Company Limited (United Kingdom).
Segmentation Overview
AMA Research has segmented the market of Global Small Internal Combustion Engine (ICE) market by , Application (Power Generation, Construction, Lawn and Garden, Agriculture and Others) and Region.
On the basis of geography, the market of Small Internal Combustion Engine (ICE) has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
If we see Market by , the sub-segment i.e. will boost the Small Internal Combustion Engine (ICE) market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.Influencing Trend:
Growing Demand from the Agriculture Sector
Market Growth Drivers:
Rising Disposable Incomes in Developing Countries and Expanding Infrastructure Projects
Challenges:
Competition from other Technologies like Hydrogen Fuel Cells and Biofuels
Restraints:
Stringent Emission Regulations
Opportunities:
Technological Advancements in Small Internal Combustion Engines and The Growth Opportunities from Developing Nations
Market Leaders and their expansionary development strategies
In July 2023, Geely and Renault Group signed a joint venture agreement to launch a new business dedicated to developing and building internal combustion engines (ICE) and hybrid powertrains.
In October 2022, Kawasaki Engines unveiled "EVO" the next evolution for Kawasaki Engines, an electronic fuel injected (EFI) engine that offers increased power density and improved fuel efficiency. EVO has been developed to meet the needs of today's lawn and landscape professionals. An advanced electronic control unit to continuously match mower engine power to cut load and ground speed. Blades maintain maximum cutting performance through heavy turf, tall grass, and up hills.
Key Target Audience
Combustion Engine Manufacturers, Combustion Engine Raw Material Suppliers, Combustion Engine Traders/Distributors, Combustion Engine Importer/Exporter, Regulatory & Government Bodies, and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.