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Global Engines Market Size study, by Fuel Type (Gasoline, Diesel, Natural Gas), by Speed (Low, Medium, High, Very High), by Power Rating, by End User and Regional Forecasts 2024-2034

Publisher Factview Research
Published Jun 27, 2025
Length 285 Pages
SKU # FAVR20179436

Description

The Global Engines Market is currently valued at approximately USD 377.89 billion in 2024 and is poised to expand with a (CAGR) of 5.20% over the forecast period from 2024 to 2034. The engines market plays a pivotal role across numerous industries, powering everything from transportation to industrial machinery. With technological advancements continuously redefining performance benchmarks, engines are evolving to become more efficient, sustainable, and adaptive to modern challenges. The market is thriving on innovations in fuel technology and design engineering, particularly as the world shifts toward energy efficiency and environmental responsibility. These transformations promise enhanced operational performance while aligning with global sustainability goals.

The engines market growth is driven by a surge in demand across transportation, manufacturing, and energy sectors. The global transition towards cleaner fuels such as natural gas, coupled with innovations in engine design for higher speed and power ratings, fuels this expansion. Moreover, the rising emphasis on achieving energy efficiency has prompted manufacturers to adopt cutting-edge technologies such as hybrid engines and advanced combustion systems. For instance, companies are channeling substantial investments into research and development to optimize fuel efficiency and reduce emissions, aligning with stringent environmental regulations. However, the market faces challenges such as fluctuating raw material costs and the high capital required for advanced engine production, which could restrain the pace of market growth.

The engines market exhibits significant regional variation. Europe, in 2024, emerged as a leading regional market due to its strong focus on green technologies and a well-established automotive industry. Governments and key players in this region are heavily investing in the transition to cleaner and more efficient engine technologies, particularly for diesel and natural gas-powered systems. Meanwhile, the Asia Pacific region is anticipated to witness the fastest growth during the forecast period. The growth is spurred by rapid industrialization, expanding automotive production, and increased demand for energy-efficient engines across emerging economies such as China, India, and Indonesia. North America, too, remains a key contributor to market growth, particularly due to advancements in high-speed engine technologies and increased adoption across industrial applications.

Major market players included in this report are:
  • Caterpillar Inc.
  • Cummins Inc.
  • Mitsubishi Heavy Industries, Ltd.
  • Rolls-Royce Holdings PLC
  • MAN Energy Solutions
  • General Electric Company
  • Wärtsilä Corporation
  • Hyundai Heavy Industries
  • Kawasaki Heavy Industries, Ltd.
  • Deutz AG
  • Kohler Co.
  • MTU Friedrichshafen GmbH (Daimler AG)
  • Volvo Penta
  • Yanmar Holdings Co., Ltd.
  • Honda Motor Co., Ltd.
The detailed segments and sub-segment of the market are explained below:

By Fuel Type
  • Gasoline
  • Diesel
  • Natural Gas
By Speed
  • Low
  • Medium
  • High
  • Very High
By Power Rating
  • (Provide specific power rating classifications if available)
By End User
  • Automotive
  • Industrial
  • Marine
  • Energy and Power
  • Others
By Region:
  • North America
U.S.

Canada
  • Europe
UK

Germany

France

Spain

Italy

Rest of Europe
  • Asia Pacific
China

India

Japan

Australia

South Korea

Rest of Asia Pacific
  • Latin America
Brazil

Mexico

Rest of Latin America
  • Middle East & Africa
Saudi Arabia

South Africa

Rest of Middle East & Africa

Years considered for the study are as follows:
  • Historical year – 2022
  • Base year – 2024
  • Forecast period – 2024 to 2034
Key Takeaways:
  • Market Estimates & Forecast for 10 years from 2022 to 2032.
  • Annualized revenues and regional level analysis for each market segment.
  • Detailed analysis of geographical landscape with country-level analysis of major regions.
  • Competitive landscape with information on major players in the market.
  • Analysis of key business strategies and recommendations on future market approaches.
  • Analysis of competitive structure of the market.
  • Demand-side and supply-side analysis of the market.

Table of Contents

285 Pages
Chapter 1. Global Engines Market Executive Summary
1.1. Global Engines Market Size & Forecast (2024-2034)
1.2. Regional Summary
1.3. Segmental Summary
1.3.1. By Fuel Type
1.3.2. By Speed
1.3.3. By Power Rating
1.3.4. By End User
1.4. Key Trends
1.5. Recession Impact1.6. Investment Analysis
1.7. Investment Rationale
1.8. Analyst Recommendation & Conclusion
Chapter 2. Global Engines Market Definition and Research Assumptions
2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
2.3.1. Inclusion & Exclusion
2.3.2. Limitations
2.3.3. Supply Side Analysis
2.3.3.1. Availability
2.3.3.2. Infrastructure
2.3.3.3. Regulatory Environment
2.3.3.4. Market Competition
2.3.3.5. Economic Viability (Consumer’s Perspective)
2.3.4. Demand Side Analysis
2.3.4.1. Regulatory Frameworks
2.3.4.2. Technological Advancements
2.3.4.3. Environmental Considerations
2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates
Chapter 3. Global Engines Market Dynamics
3.1. Market Drivers
3.1.1. Increasing Demand in Transportation, Manufacturing, and Energy Sectors
3.1.2. Shift Towards Cleaner Fuels and Innovative Engine Designs
3.1.3. Emphasis on Energy Efficiency and Advanced Technologies Adoption
3.2. Market Challenges
3.2.1. Fluctuating Raw Material Costs
3.2.2. High Capital Requirements for Advanced Engine Production
3.3. Market Opportunities
3.3.1. Investments in R&D for Fuel Efficiency and Emission Reduction
3.3.2. Government Initiatives Supporting Cleaner Technologies
3.3.3. Expansion in Emerging Markets of Asia Pacific
Chapter 4. Global Engines Market Industry Analysis
4.1. Porter’s Five Forces Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s Five Forces Model
4.1.7. Porter’s Five Forces Impact Analysis
4.2. PESTEL Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.2.5. Environmental
4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Global Engines Market Size & Forecasts by Fuel Type 2024-2034
5.1. Segment Dashboard
5.2. Global Engines Market: Fuel Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
5.2.1. Gasoline
5.2.2. Diesel
5.2.3. Natural Gas
Chapter 6. Global Engines Market Size & Forecasts by Speed 2024-2034
6.1. Segment Dashboard
6.2. Global Engines Market: Speed Revenue Trend Analysis, 2022 & 2032 (USD Billion)
6.2.1. Low Speed
6.2.2. Medium Speed
6.2.3. High Speed
6.2.4. Very High Speed
Chapter 7. Global Engines Market Size & Forecasts by Power Rating 2024-2034
7.1. Segment Dashboard
7.2. Global Engines Market: Power Rating Revenue Trend Analysis, 2022 & 2032 (USD Billion)
7.2.1. (Specific Power Rating Classifications)
Chapter 8. Global Engines Market Size & Forecasts by End User 2024-2034
8.1. Segment Dashboard
8.2. Global Engines Market: End User Revenue Trend Analysis, 2022 & 2032 (USD Billion)
8.2.1. Automotive
8.2.2. Industrial
8.2.3. Marine
8.2.4. Energy and Power
8.2.5. Others
Chapter 9. Global Engines Market Size & Forecasts by Region 2024-2034
9.1. North America Engines Market
9.1.1. U.S. Engines Market
9.1.1.1. Fuel Type Breakdown Size & Forecasts, 2024-2034
9.1.1.2. Speed Breakdown Size & Forecasts, 2024-2034
9.1.1.3. Power Rating Breakdown Size & Forecasts, 2024-2034
9.1.1.4. End User Breakdown Size & Forecasts, 2024-2034
9.1.2. Canada Engines Market
9.1.2.1. Fuel Type Breakdown Size & Forecasts, 2024-2034
9.1.2.2. Speed Breakdown Size & Forecasts, 2024-2034
9.1.2.3. Power Rating Breakdown Size & Forecasts, 2024-2034
9.1.2.4. End User Breakdown Size & Forecasts, 2024-2034
9.2. Europe Engines Market
9.2.1. UK Engines Market
9.2.2. Germany Engines Market
9.2.3. France Engines Market
9.2.4. Spain Engines Market
9.2.5. Italy Engines Market
9.2.6. Rest of Europe Engines Market
9.3. Asia Pacific Engines Market
9.3.1. China Engines Market
9.3.2. India Engines Market
9.3.3. Japan Engines Market
9.3.4. Australia Engines Market
9.3.5. South Korea Engines Market
9.3.6. Rest of Asia Pacific Engines Market
9.4. Latin America Engines Market
9.4.1. Brazil Engines Market
9.4.2. Mexico Engines Market
9.4.3. Rest of Latin America Engines Market
9.5. Middle East & Africa Engines Market
9.5.1. Saudi Arabia Engines Market
9.5.2. South Africa Engines Market
9.5.3. Rest of Middle East & Africa Engines Market
Chapter 10. Competitive Intelligence
10.1. Key Company SWOT Analysis
10.1.1. Caterpillar Inc.
10.1.2. Cummins Inc.
10.1.3. Mitsubishi Heavy Industries, Ltd.
10.2. Top Market Strategies
10.3. Company Profiles
10.3.1. Caterpillar Inc.
10.3.1.1. Key Information
10.3.1.2. Overview
10.3.1.3. Financial (Subject to Data Availability)
10.3.1.4. Product Summary
10.3.1.5. Market Strategies
10.3.2. Cummins Inc.
10.3.3. Mitsubishi Heavy Industries, Ltd.
10.3.4. Rolls-Royce Holdings PLC
10.3.5. MAN Energy Solutions
10.3.6. General Electric Company
10.3.7. Wärtsilä Corporation
10.3.8. Hyundai Heavy Industries
10.3.9. Kawasaki Heavy Industries, Ltd.
10.3.10. Deutz AG
10.3.11. Kohler Co.
10.3.12. MTU Friedrichshafen GmbH (Daimler AG)
10.3.13. Volvo Penta
10.3.14. Yanmar Holdings Co., Ltd.
10.3.15. Honda Motor Co., Ltd.
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
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