Europe Small Internal Combustion Engine (ICE) Market
The small internal combustion engine market in Europe is further segmented into the UK, Germany, Italy, France, Russia, and Rest of Europe. Germany, the UK, France, and Italy are at the forefront of the European internal combustion engine market. Strong adoption of the IC engines, such as commercial vehicles, passenger vehicles, and utility equipment’s is driving the growth of the Europe small IC engine market. The engine manufacturing sector—led by Germany owing to the presence of prominent engine manufacturers, such as Hatz, DEUTZ, and Yanmar Co., Ltd. —is the largest contributor to the market in Europe. The increasing pollution norms and growing concerns toward small IC engine pollution have increased the adoption of natural gases for engines is increased in the market. Further, companies are developing advanced small IC engine majorly for the small utility engine applications. For instance, in March 2020, Motorenfabrik Hatz, a German based company introduced new E1 technology for the single-cylinder industrial diesels. This new engine based on E1 technology delivers 14.7 horsepower (11 kilowatts) power with single-cylinder. Similarly, 1B50E and 1B30E engines offer 10.7 horsepower (8 kilowatts) and 6.7 horsepower (5 kilowatts) power output respectively. Such increasing development in the solution offering is mounting the growth of the market in industrial and other end-use industry. Although, the market is growing at a significant rate in Europe, the advent electric motors in the region will hamper market growth. The automotive industry has already started to shift toward electric energy, which is hampering the IC engine market. Similarly, in coming years it will also replace the small IC engines with battery powered electric motors. For instance, according to the OFV (Opplysningsradet for Veitrafikken), an Information Council for Road Traffic in Norway has stated that new sale of electric car was accounted to 66.7%. Such rising shift of the customers toward clean energy solution might be the challenging factor for the market, as the small IC engines are getting replaced with battery powered small electric motor. The market is expected to hold a stronger position during the forecast period as certain countries are delaying electric energy adoption due to lack of supporting infrastructure and sufficient energy supply. For instance, Germany is not putting ban on the IC engines till 2035 to support engine manufacturing industry to develop advanced engines having lesser emission and helping the country to meet low emissions targets.
Owing to the pandemic, the European manufacturing and transportation industry has witnessed an abrupt downturn in several major countries. The manufacturing and transportation industry in Europe suffered one of the biggest drops in activities after the factories were closed. The supply of safety equipment and workers was disrupted due to the pandemic. The drop in the region's manufacturing and transportation activities has directly affected the sales of the Small ICE in Europe. Due to the decline in manufacturing and transportation, the Small ICE market will witness an abrupt downturn in 2020. Further, countries in the region, including Germany, UK, France, and Belgium, have witnessed a second wave of the virus and have announced lockdown for the second time in November 2020. The situation amid the COVID-19 pandemic is extraordinary, which is anticipated to hamper the market's growth. Also, demand for small ICE from certain countries, such as Germany and the Netherlands, was positive during the first half of 2020, owing to re-opening of manufacturing activities. Furthermore, the Danish market also noticed positive demand in Q3, 2020. Additionally, demand in the Czech Republic declined due to a slowdown in manufacturing and transportation activities and the UK due to government restrictions on several industries' operations. Overall, the demand for small ICE in the region is expected to be driven by expanding the approved Pan-European grid
Strategic insights for the Europe Small Internal Combustion Engine (ICE) provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2020 | US$ 933.33 Million |
| Market Size by 2027 | US$ 1444.84 Million |
| Global CAGR (2020 - 2027) | 6.4% |
| Historical Data | 2018-2019 |
| Forecast period | 2021-2027 |
| Segments Covered |
By Fuel Type
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
The geographic scope of the Europe Small Internal Combustion Engine (ICE) refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The small ice market in Europe is expected to grow from US$ 933.33 million in 2020 to US$ 1444.84 million by 2027; it is estimated to grow at a CAGR of 6.4% from 2020 to 2027. Alliance of Turbocharging and Remote Monitoring. Turbocharging technology is already being used in internal combustion engines of automotive vehicles to enhance power capacity for mid-power engines. Small internal combustion engine manufacturing companies are conducting research on the adoption of turbocharging technology in particular small engine requirement. The turbocharging technology is supposed to be introduced for water pumps, rickshaws, lawn mowers, and landscaping equipment, generators and tractors during the forecast period. The turbocharging technology is supposed to provide 40–60% higher specific power output in smaller capacity engines. Such integration of turbochargers in small engines might create a new trend for the market in coming years. For instance, in October 2019, YANMAR HOLDINGS CO., LTD announced the development of 3TNV80FT Industrial Engine, which is supported by 2G Eco Governor turbocharging solution.
Further, with increasing digitalization in almost every industrial vertical, the small internal combustion engines market is also evolving with digital connectivity. For instance, Briggs & Stratton, LLC is offering an8 kW Elite Series generator with Bluetooth connectivity and remote monitoring through mobile. It features InfoHub Portable Power technology, which provides remote monitoring of portable generators equipped with small internal combustion engines. Such connectivity options enhance the user and machine interface, which may create a new trend in the market. This is bolstering the growth of the small ice market.
In terms of Power Output type, the 11-20 kW segment accounted for the largest share of the Europe small ice market in 2019. In terms of Power Output type, the 1-5 kW segment is the fastest growing segment of the small ice market in 2019.
A few major primary and secondary sources referred to for preparing this report on the Europe small ice market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report Caterpillar Inc., Kawasaki Heavy Industries, Ltd., MITSUBISHI HEAVY INDUSTRIES, LTD, Liebherr, YANMAR HOLDINGS CO., LTD., Cummins, Inc, INNIO, Wärtsilä Corporation, Rolls-Royce Holdings plc
The Europe Small Internal Combustion Engine (ICE) Market is valued at US$ 933.33 Million in 2020, it is projected to reach US$ 1444.84 Million by 2027.
As per our report Europe Small Internal Combustion Engine (ICE) Market, the market size is valued at US$ 933.33 Million in 2020, projecting it to reach US$ 1444.84 Million by 2027. This translates to a CAGR of approximately 6.4% during the forecast period.
The Europe Small Internal Combustion Engine (ICE) Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Small Internal Combustion Engine (ICE) Market report:
The Europe Small Internal Combustion Engine (ICE) Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Small Internal Combustion Engine (ICE) Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Small Internal Combustion Engine (ICE) Market value chain can benefit from the information contained in a comprehensive market report.
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