Market Overview:
The global market for internal combustion engine components is projected to grow at a CAGR of 5.5% from 2018 to 2030. The growth of this market is propelled by the increasing demand for internal combustion engines in automotive, aircraft, and marine applications. The cylinder segment is expected to be the fastest-growing segment of the global market for internal combustion engine components during the forecast period. This growth can be attributed to the increasing demand for cylinders in automotive applications across the globe. The Asia Pacific region is expected to be the fastest-growing region of the global market for internal combustion engine components duringthe forecast period.
Product Definition:
An accessory is an object or device that is not essential to the basic function of a machine but that enhances its performance or convenience.
A component is a part of a machine that performs one or more specific functions.
Internal combustion engines require many different accessories and components in order to function properly. Some of these are: air filters, carburetors, fuel pumps, spark plugs, starters, and alternators. These items are important because they help the engine to run smoothly and efficiently.
Cylinder:
Cylinder is a closed volume containing gas which is used to store fuel for an internal combustion engine. Cylinders are made up of materials such as cast iron, aluminum and steel. The size of the cylinder can be varied according to the requirements of different engines. Smaller sizes are suitable for smaller engines and larger sizes are used for heavy-duty applications such as diesel engines in tractors or trucks among others.
Valve:
Valve is a device that controls the flow of fluid through a closed or open circuit. It can be used in IC engines to control air, oil, and liquid flow. The term “valve” is also used for controlling other processes such as gas, steam or water flow in power plants.
The global valve and it's usage in accessories & components for internal combustion engines market size was valued at USD 637 million in 2016.
Application Insights:
Automotive application segment accounted for the largest share of over 60.0% in 2017 and is expected to continue its dominance over the forecast period. The growing demand for vehicles across various regions, especially in China, India and Japan is anticipated to boost industry growth over the forecast period. Moreover, increasing sales of passenger cars as well as commercial vehicles are anticipated to further fuel internal combustion engine accessories demand from 2018 to 2030.
Aircraft application segment is expected witness a significant growth rate during the forecast period owing to rising air travel across various regions including Asia Pacific and Middle East & Africa countries such as Saudi Arabia, UAE, Iran etc., which boosts up internal combustion engine accessories market development positively.
Regional Analysis:
Asia Pacific is expected to be the largest and fastest-growing regional market over the forecast period. The growth of Asia Pacific can be attributed to increasing production and sales of automobiles in China, India, Japan, South Korea, Thailand and Indonesia. Furthermore, rising disposable income coupled with rapid urbanization in developing countries including China and India will boost demand for passenger cars over the next eight years. This scenario is likely to benefit manufacturers across all major segments including light commercial vehicles (LCVs), medium commercial vehicles (MCVs) as well as heavy commercial vehicles (HCVs).
Europe accessories market was valued at USD X billion in 2017 owing to high automotive production especially from Germany along with other European countries such as France Italy Spain U-K., Russia etc.; also growing popularity for diesel engines which accounts for a higher efficiency than petrol counterparts thereby boosting their demand on account of lower carbon emissions thus benefitting the industry growth prospects over the coming years.
Growth Factors:
- Increasing demand for automobiles: The global automobile market is expected to grow at a CAGR of around 4% during the forecast period. This would lead to an increase in demand for accessories and components for internal combustion engines.
- Technological advancements: The automotive industry is constantly evolving with new technologies being introduced every day. This has led to the development of more advanced and efficient accessories and components for internal combustion engines, which are in high demand by consumers.
- Rising disposable income: A rise in disposable income leads to an increase in spending on luxury items such as cars and their accessories/components. As a result, the market for these products is expected to grow at a healthy rate during the forecast period.
- 000 miles or 12 months whereas a fuel filter should be replaced every 20,000 miles or 24 months
Scope Of The Report
Report Attributes
Report Details
Report Title
Accessories and Components for Internal Combustion Engines Market Research Report
By Type
Cylinder, Valve, Shaft, Piston rings, Connecting rod, Engine bearing, Others
By Application
Automotive, Aircraft, Marine
By Companies
BMW , Briggs & Stratton , Caterpillar , CNH Industrial , Cooper , Cummins , Daimler , Detroit Diesel, Doosan Infracore , GE Power , Honda , Hyundai Machinery , Isuzu , JCB , Kawasaki , MAN , Mercedes-Benz , Mitsubishi Turbocharger and Engine, Navistar , PACCAR , Perkins , Simpson and Company, Solo , STEYR MOTORS , Suzuki , Toro , Toyota , Volvo , YamahaÂ
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Accessories and Components for Internal Combustion Engines Market Report Segments:
The global Accessories and Components for Internal Combustion Engines market is segmented on the basis of:
Types
Cylinder, Valve, Shaft, Piston rings, Connecting rod, Engine bearing, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive, Aircraft, Marine
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BMWÂ
- Briggs & StrattonÂ
- CaterpillarÂ
- CNH IndustrialÂ
- CooperÂ
- CumminsÂ
- DaimlerÂ
- Detroit Diesel
- Doosan InfracoreÂ
- GE PowerÂ
- HondaÂ
- Hyundai MachineryÂ
- IsuzuÂ
- JCBÂ
- KawasakiÂ
- MANÂ
- Mercedes-BenzÂ
- Mitsubishi Turbocharger and Engine
- NavistarÂ
- PACCARÂ
- PerkinsÂ
- Simpson and Company
- SoloÂ
- STEYR MOTORSÂ
- SuzukiÂ
- ToroÂ
- ToyotaÂ
- VolvoÂ
- YamahaÂ
Highlights of The Accessories and Components for Internal Combustion Engines Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cylinder
- Valve
- Shaft
- Piston rings
- Connecting rod
- Engine bearing
- Others
- By Application:
- Automotive
- Aircraft
- Marine
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Accessories and Components for Internal Combustion Engines Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Accessories and components for internal combustion engines include spark plugs, fuel injectors, air filters, and engine mounts.
Some of the major companies in the accessories and components for internal combustion engines market are BMW‚Â , Briggs & Stratton‚Â , Caterpillar‚Â , CNH Industrial‚Â , Cooper‚Â , Cummins‚Â , Daimler‚Â , Detroit Diesel, Doosan Infracore‚Â , GE Power‚Â , Honda‚Â , Hyundai Machinery‚Â , Isuzu‚Â , JCB‚Â , Kawasaki‚Â , MAN‚Â , Mercedes-Benz‚Â , Mitsubishi Turbocharger and Engine, Navistar‚Â , PACCAR‚Â , Perkins‚Â , Simpson and Company, Solo‚Â , STEYR MOTORS‚Â , Suzuki‚Â , Toro‚Â , Toyota‚Â , Volvo‚Â , Yamaha‚Â .
The accessories and components for internal combustion engines market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Accessories and Components for Internal Combustion Engines Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Accessories and Components for Internal Combustion Engines Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Accessories and Components for Internal Combustion Engines Market - Supply Chain
4.5. Global Accessories and Components for Internal Combustion Engines Market Forecast
4.5.1. Accessories and Components for Internal Combustion Engines Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Accessories and Components for Internal Combustion Engines Market Size (000 Units) and Y-o-Y Growth
4.5.3. Accessories and Components for Internal Combustion Engines Market Absolute $ Opportunity
5. Global Accessories and Components for Internal Combustion Engines Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Accessories and Components for Internal Combustion Engines Market Size and Volume Forecast by Type
5.3.1. Cylinder
5.3.2. Valve
5.3.3. Shaft
5.3.4. Piston rings
5.3.5. Connecting rod
5.3.6. Engine bearing
5.3.7. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Accessories and Components for Internal Combustion Engines Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Accessories and Components for Internal Combustion Engines Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Aircraft
6.3.3. Marine
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Accessories and Components for Internal Combustion Engines Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Accessories and Components for Internal Combustion Engines Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Accessories and Components for Internal Combustion Engines Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Accessories and Components for Internal Combustion Engines Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Accessories and Components for Internal Combustion Engines Demand Share Forecast, 2019-2029
9. North America Accessories and Components for Internal Combustion Engines Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Accessories and Components for Internal Combustion Engines Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Accessories and Components for Internal Combustion Engines Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Aircraft
9.4.3. Marine
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Accessories and Components for Internal Combustion Engines Market Size and Volume Forecast by Type
9.7.1. Cylinder
9.7.2. Valve
9.7.3. Shaft
9.7.4. Piston rings
9.7.5. Connecting rod
9.7.6. Engine bearing
9.7.7. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Accessories and Components for Internal Combustion Engines Demand Share Forecast, 2019-2029
10. Latin America Accessories and Components for Internal Combustion Engines Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Accessories and Components for Internal Combustion Engines Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Accessories and Components for Internal Combustion Engines Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Aircraft
10.4.3. Marine
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Accessories and Components for Internal Combustion Engines Market Size and Volume Forecast by Type
10.7.1. Cylinder
10.7.2. Valve
10.7.3. Shaft
10.7.4. Piston rings
10.7.5. Connecting rod
10.7.6. Engine bearing
10.7.7. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Accessories and Components for Internal Combustion Engines Demand Share Forecast, 2019-2029
11. Europe Accessories and Components for Internal Combustion Engines Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Accessories and Components for Internal Combustion Engines Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Accessories and Components for Internal Combustion Engines Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Aircraft
11.4.3. Marine
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Aplication
11.7. Europe Accessories and Components for Internal Combustion Engines Market Size and Volume Forecast by Type
11.7.1. Cylinder
11.7.2. Valve
11.7.3. Shaft
11.7.4. Piston rings
11.7.5. Connecting rod
11.7.6. Engine bearing
11.7.7. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Accessories and Components for Internal Combustion Engines Demand Share, 2019-2029
12. Asia Pacific Accessories and Components for Internal Combustion Engines Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Accessories and Components for Internal Combustion Engines Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Accessories and Components for Internal Combustion Engines Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Aircraft
12.4.3. Marine
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Accessories and Components for Internal Combustion Engines Market Size and Volume Forecast by Type
12.7.1. Cylinder
12.7.2. Valve
12.7.3. Shaft
12.7.4. Piston rings
12.7.5. Connecting rod
12.7.6. Engine bearing
12.7.7. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Accessories and Components for Internal Combustion Engines Demand Share, 2019-2029
13. Middle East & Africa Accessories and Components for Internal Combustion Engines Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Accessories and Components for Internal Combustion Engines Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Accessories and Components for Internal Combustion Engines Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Aircraft
13.4.3. Marine
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Accessories and Components for Internal Combustion Engines Market Size and Volume Forecast by Type
13.7.1. Cylinder
13.7.2. Valve
13.7.3. Shaft
13.7.4. Piston rings
13.7.5. Connecting rod
13.7.6. Engine bearing
13.7.7. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Accessories and Components for Internal Combustion Engines Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Accessories and Components for Internal Combustion Engines Market: Market Share Analysis
14.2. Accessories and Components for Internal Combustion Engines Distributors and Customers
14.3. Accessories and Components for Internal Combustion Engines Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. BMW
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Briggs & Stratton
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Caterpillar
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. CNH Industrial
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Cooper
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Cummins
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Daimler
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Detroit Diesel
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Doosan Infracore
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. GE Power
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Honda
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Hyundai Machinery
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Isuzu
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. JCB
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Kawasaki
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. MAN
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Mercedes-Benz
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Mitsubishi Turbocharger and Engine
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Navistar
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