Asia Pacific Small Internal Combustion Engine (ICE) Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Fuel Type (Gasoline, Diesel, and Gas), Cylinders (1, 2, 3, and 4), Power Output (1–5 kW, 6–10 kW, and 11–20 kW), and End-Use Industry (Power Generation, Manufacturing, Oil and Gas, Transportation, and Others)
Market Introduction
The small internal combustion engine market in Asia Pacific is further segmented into India, Japan, Australia, China, South Korea, and Rest of Asia Pacific. India and China are the leading internal combustion engine manufacturing countries in Asia Pacific. Rising disposable income in developing countries, especially in India and China is leading to large client base for small internal combustion engines, such as for power generators, industrial engines, two wheelers, and power tools, which is driving the small internal combustion engines market growth. China is a leading manufacturing hub for the internal combustion engines, while India and Japan are also considered significant contributors to the regional growth. Various APAC countries are characterized by the mass production of small IC engines required for manufacturing, power generation, and other industrial machineries. Rising number of manufacturing companies in India and China owing to strong availability of skilled human resources is driving the growth of the small internal combustion engine market. Increase in sales of two-wheeler and advancement in engine fuel sources support the market growth. Further, owing to the increasing population in the region and comparatively low economic capabilities of various nations have promoted the adoption of IC engines rather than electric energy. The high cost of electric motors and lack of supporting infrastructure has supplemented the market growth. Governments of various countries in the region are majorly promoting the use of natural gases in IC engines for low emissions. Hence, certain policies are favoring the market growth in the region to meet regulatory standards by utilizing natural gases as prominent source in small engines. Moreover, in July 2019, India transport minister assured that there will be no ban for IC engines to promote electric vehicles and motors. Lack of supporting infrastructure and purchasing capacity of consumers is limiting the electric revolution in the country. Thus, the adoption of small IC engines is becoming preferable solution for customers as it meets regulatory norms with required performance.
Various developing economies are situated in the region that has announced lockdowns, ceasing the construction and manufacturing activities. The government of various countries in the APAC took necessary steps to reduce the virus's spread by announcing lockdowns, thus impacting the growth of the small ICE market. The introduction of lockdowns has resulted in the halt of manufacturing and transportation projects in the region, which negatively impacted the growth of small ICE in the region. However, after a prolonged lockdown, various countries have started easing the restrictions. For instance, India's government started the unlock phase, in which it allowed the manufacturing and transportation activities to resume. However, Australia is still under lockdown. Several manufacturing facilities are based in China, which was highly impacted in Q1 2020. The production and demand for small ICE in the country dropped during Q1 2020, followed by recovery in Q2 2020. The country is one of the biggest markets for small ICE in the world. Also, India is one of the significant markets for small ICE.
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Market Overview and Dynamics
The small ice market in APAC is expected to grow from US$ 1619.28 million in 2020 to US$ 1977.14 million by 2027; it is estimated to grow at a CAGR of 2.9% from 2020 to 2027. Severe Emission Norms Creating Demand for Efficient Fuel Engines. Governments of various countries are imposing certain regulations to control the emissions of internal combustion (IC) engines, which is pressurizing the engine makers toward downsizing and production of small-sized engines. Small internal combustion engines consume less fuel to generate sufficient power. They are known for providing high efficiency, which is augmenting the market growth. The emission monitoring and regulatory bodies, such as California Air Resources Board, EPA (The U.S. Environmental Protection Agency), and APAC an Commission, are imposing stringent regulations on the use of internal combustion engine. To meet the regulatory standards—including EU stage V regulation and EPA Emission Standards Regulations—engine manufacturers are downsizing the engine capacity, which is propelling the market growth. This is bolstering the growth of the small ice market.
Key Market Segments
In terms of by Cylinder type, the 1 segment accounted for the largest share of the APAC small ice market in 2019. In terms of Cylinder type, the 3 segment is the fastest growing segment of the small ice market in 2019.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the APAC 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
Reasons to buy report
- To understand the APAC small ice market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for APAC small ice market
- Efficiently plan M&A and partnership deals in APAC small ice market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form APAC small ice market
- Obtain market revenue forecast for market by various segments from 2020-2027 in APAC region.
APAC Small ICE Market Segmentation
Small ICE Market – By Fuel Type
- Gasoline
- Diesel
- Gas
Small ICE Market – By Gas Type
- CNG
- LPG
- LNG
Small ICE Market – By Cylinder
- 1
- 2
- 3
- 4
Small ICE Market – By Power Output
- 1-5 kW
- 6-10 kW
- 11-20 kW
Small ICE Market – By End-Use Industry
- Power Generation
- Manufacturing
- Oil and Gas
- Transportation
- Others
Small ICE Market – By Country
- Australia
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
Small ICE Market -Companies Mentioned
- Caterpillar Inc.
- Kawasaki Heavy Industries, Ltd.
- MITSUBISHI HEAVY INDUSTRIES, LTD
- Liebherr
- YANMAR HOLDINGS CO., LTD.
- Cummins, Inc
- INNIO
- Wärtsilä Corporation
- Rolls-Royce Holdings plc
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 Asia-Pacific
4.1 Ecosystem Analysis
4.2 Expert Opinion
5. Small Internal Combustion Engine Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Severe Emission Norms Creating Demand for Efficient Fuel Engines
5.1.2 Surge in Adoption of Small Off-Road Internal Combustion Engines
5.2 Market Restraints
5.2.1 Increase Toward Electric Energy over Fossil Fuels
5.3 Market Opportunities
5.3.1 Boom in Consumption of Combustion Engines in Developing Countries
5.4 Future Trends
5.4.1 Mixture of Turbocharging and Remote Monitoring
5.5 Impact Analysis of Drivers and Restraints
6. Small Internal Combustion Engine Market – APAC Analysis
6.1 APAC Small Internal Combustion Engine Market Overview
6.2 APAC Small Internal Combustion Engine Market Revenue Forecast and Analysis
7. APAC Small Internal Combustion Engine Market Analysis 2027 – by Fuel Type
7.1 Overview
7.2 APAC Small Internal Combustion Engine Market Breakdown, by Fuel Type (2019 and 2027)
7.3 Gasoline
7.3.1 Overview
7.3.2 Gasoline Market Forecast and Analysis
7.4 Diesel
7.4.1 Overview
7.4.2 Diesel Market Forecast and Analysis
7.5 Gas
7.5.1 Overview
7.5.2 Gas Market Forecast and Analysis
7.5.3 Compressed Natural Gas (CNG)
7.5.3.1 Overview
7.5.3.2 Compressed Natural Gas (CNG): APAC Small Internal Combustion Engine Market – Revenue and Forecast to 2027 (US$ Million)
7.5.4 Liquefied Petroleum Gas (LPG)
7.5.4.1 Overview
7.5.4.2 Liquefied Petroleum Gas (LPG): APAC Small Internal Combustion Engine Market – Revenue and Forecast to 2027 (US$ Million)
7.5.5 Liquefied Natural Gas (LNG)
7.5.5.1 Overview
7.5.5.2 Liquefied Natural Gas (LNG): APAC Small Internal Combustion Engine Market – Revenue and Forecast to 2027 (US$ Million)
8. APAC Small Internal Combustion Engine Market Analysis 2027– By Cylinders
8.1 Overview
8.2 APAC Small Internal Combustion Engine Market Breakdown, by Cylinder, 2019 and 2027
8.3 1
8.3.1 Overview
8.3.2 1 Market Forecast and Analysis
8.4 2
8.4.1 Overview
8.4.2 2 Market Forecast and Analysis
8.5 3
8.5.1 Overview
8.5.2 3 Market Forecast and Analysis
8.6 4
8.6.1 Overview
8.6.2 4 Market Forecast and Analysis
9. APAC Small Internal Combustion Engine Market Analysis 2027 – by Power Output
9.1 Overview
9.2 APAC Small Internal Combustion Engine Market Breakdown, by Power Output, 2019 & 2027
9.3 1–5 kW
9.3.1 Overview
9.3.2 1–5 kW Market Forecast and Analysis
9.4 6–10 kW
9.4.1 Overview
9.4.2 6–10 kW Market Forecast and Analysis
9.5–20 kW
9.5.1 Overview
9.5.2–20 kW Market Forecast and Analysis
10. APAC Small Internal Combustion Engine Market Analysis 2027– By End User
10.1 Overview
10.2 APAC Small Internal Combustion Engine Market Breakdown, By End User, 2019 and 2027
10.3 Power Generation
10.3.1 Overview
10.3.2 Power Generation Market Forecast and Analysis
10.4 Manufacturing
10.4.1 Overview
10.4.2 Manufacturing Market Forecast and Analysis
10.5 Oil & Gas
10.5.1 Overview
10.5.2 Oil and Gas Market Forecast and Analysis
10.6 Transportation
10.6.1 Overview
10.6.2 Transportation Market Forecast and Analysis
10.7 Others
10.7.1 Overview
10.7.2 Others Market Forecast and Analysis
11. APAC Small Internal Combustion Engine Market – Country Analysis
11.1 Overview
11.1.1 APAC: Small Internal Combustion Engine Market – Revenue and Forecast to 2027 (US$ Million)
11.1.2 APAC: Small Internal Combustion Engine Market, by Key Country
11.1.2.1 Australia: Small Internal Combustion Engine Market – Revenue and Forecast to 2027 (US$ Million)
11.1.2.1.1 Australia: Small Internal Combustion Engine Market, by Fuel Type
11.1.2.1.1.1 Australia: Small Internal Combustion Engine Market, by Gas
11.1.2.1.2 Australia: Small Internal Combustion Engine Market, by Cylinders
11.1.2.1.3 Australia: Small Internal Combustion Engine Market, by Power Output
11.1.2.1.4 Australia: Small Internal Combustion Engine Market, by End User Industry
11.1.2.2 China: Small Internal Combustion Engine Market – Revenue and Forecast to 2027 (US$ Million)
11.1.2.2.1 China: Small Internal Combustion Engine Market, by Fuel Type
11.1.2.2.1.1 China: Small Internal Combustion Engine Market, by Gas
11.1.2.2.2 China: Small Internal Combustion Engine Market, by Cylinders
11.1.2.2.3 China: Small Internal Combustion Engine Market, by Power Output
11.1.2.2.4 China: Small Internal Combustion Engine Market, by End User Industry
11.1.2.3 India: Small Internal Combustion Engine Market – Revenue and Forecast to 2027 (US$ Million)
11.1.2.3.1 India: Small Internal Combustion Engine Market, by Fuel Type
11.1.2.3.1.1 India: Small Internal Combustion Engine Market, by Gas
11.1.2.3.2 India: Small Internal Combustion Engine Market, by Cylinders
11.1.2.3.3 India: Small Internal Combustion Engine Market, by Power Output
11.1.2.3.4 India: Small Internal Combustion Engine Market, by End User Industry
11.1.2.4 Japan: Small Internal Combustion Engine Market – Revenue and Forecast to 2027 (US$ Million)
11.1.2.4.1 Japan: Small Internal Combustion Engine Market, by Fuel Type
11.1.2.4.1.1 Japan: Small Internal Combustion Engine Market, by Fuel Type
11.1.2.4.2 Japan: Small Internal Combustion Engine Market, by Cylinders
11.1.2.4.3 Japan: Small Internal Combustion Engine Market, by Power Output
11.1.2.4.4 Japan: Small Internal Combustion Engine Market, by End User Industry
11.1.2.5 South Korea: Small Internal Combustion Engine Market – Revenue and Forecast to 2027 (US$ Million)
11.1.2.5.1 South Korea: Small Internal Combustion Engine Market, by Fuel Type
11.1.2.5.1.1 South Korea: Small Internal Combustion Engine Market, by Gas
11.1.2.5.2 South Korea: Small Internal Combustion Engine Market, by Cylinders
11.1.2.5.3 South Korea: Small Internal Combustion Engine Market, by Power Output
11.1.2.5.4 South Korea: Small Internal Combustion Engine Market, by End User Industry
11.1.2.6 Rest of APAC: Small Internal Combustion Engine Market – Revenue and Forecast to 2027 (US$ Million)
11.1.2.6.1 Rest of APAC: Small Internal Combustion Engine Market, by Fuel Type
11.1.2.6.1.1 Rest of APAC: Small Internal Combustion Engine Market, by Gas
11.1.2.6.2 Rest of APAC: Small Internal Combustion Engine Market, by Cylinders
11.1.2.6.3 Rest of APAC: Small Internal Combustion Engine Market, by Power Output
11.1.2.6.4 Rest of APAC: Small Internal Combustion Engine Market, by End User Industry
12. Impact of COVID-19 Pandemic on APAC Small ICE Market
12.1 Impact of COVID-19 Pandemic On Global ICE Market
12.1.1 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
13. Industry Landscape
13.1 Merger and Acquisition
13.2 New Development
14. Company Profiles
14.1 Caterpillar Inc.
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Kawasaki Heavy Industries, Ltd.
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 MITSUBISHI HEAVY INDUSTRIES, LTD
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Liebherr
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Financial Overview
14.4.4 SWOT Analysis
14.4.5 Key Developments
14.5 YANMAR HOLDINGS CO., LTD.
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 Cummins, Inc
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Wärtsilä Corporation
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Rolls-Royce Holdings plc
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
15. Appendix
15.1 About The Insight Partners
15.2 Word Index
LIST OF TABLES
Table 1. APAC Small Internal Combustion Engine Market Revenue and Forecast to 2027 (US$ Million)
Table 2. APAC: Small Internal Combustion Engine Market, by Country – Revenue and Forecast to 2027 (US$ Million)
Table 3. Australia: Small Internal Combustion Engine Market, by Fuel Type – Revenue and Forecast to 2027 (US$ Million)
Table 4. Australia: Small Internal Combustion Engine Market, by Gas – Revenue and Forecast to 2027 (US$ Million)
Table 5. Australia: Small Internal Combustion Engine Market, by Cylinders – Revenue and Forecast to 2027 (US$ Million)
Table 6. Australia: Small Internal Combustion Engine Market, by Power Output – Revenue and Forecast to 2027 (US$ Million)
Table 7. Australia: Small Internal Combustion Engine Market, by End User Industry – Revenue and Forecast to 2027 (US$ Million)
Table 8. China: Small Internal Combustion Engine Market, by Fuel Type – Revenue and Forecast to 2027 (US$ Million)
Table 9. China: Small Internal Combustion Engine Market, by Gas – Revenue and Forecast to 2027 (US$ Million)
Table 10. China: Small Internal Combustion Engine Market, by Cylinders – Revenue and Forecast to 2027 (US$ Million)
Table 11. China: Small Internal Combustion Engine Market, by Power Output – Revenue and Forecast to 2027 (US$ Million)
Table 12. China: Small Internal Combustion Engine Market, by End User Industry – Revenue and Forecast to 2027 (US$ Million)
Table 13. India: Small Internal Combustion Engine Market, by Fuel Type – Revenue and Forecast to 2027 (US$ Million)
Table 14. India: Small Internal Combustion Engine Market, by Gas – Revenue and Forecast to 2027 (US$ Million)
Table 15. India: Small Internal Combustion Engine Market, by Cylinders – Revenue and Forecast to 2027 (US$ Million)
Table 16. India: Small Internal Combustion Engine Market, by Power Output – Revenue and Forecast to 2027 (US$ Million)
Table 17. India: Small Internal Combustion Engine Market, by End User Industry – Revenue and Forecast to 2027 (US$ Million)
Table 18. Japan: Small Internal Combustion Engine Market, by Fuel Type – Revenue and Forecast to 2027 (US$ Million)
Table 19. Japan: Small Internal Combustion Engine Market, by Gas – Revenue and Forecast to 2027 (US$ Million)
Table 20. Japan: Small Internal Combustion Engine Market, by Cylinders – Revenue and Forecast to 2027 (US$ Million)
Table 21. Japan: Small Internal Combustion Engine Market, by Power Output – Revenue and Forecast to 2027 (US$ Million)
Table 22. Japan: Small Internal Combustion Engine Market, by End User Industry – Revenue and Forecast to 2027 (US$ Million)
Table 23. South Korea: Small Internal Combustion Engine Market, by Fuel Type – Revenue and Forecast to 2027 (US$ Million)
Table 24. South Korea: Small Internal Combustion Engine Market, by Gas – Revenue and Forecast to 2027 (US$ Million)
Table 25. South Korea: Small Internal Combustion Engine Market, by Cylinders – Revenue and Forecast to 2027 (US$ Million)
Table 26. South Korea: Small Internal Combustion Engine Market, by Power Output – Revenue and Forecast to 2027 (US$ Million)
Table 27. South Korea: Small Internal Combustion Engine Market, by End User Industry – Revenue and Forecast to 2027 (US$ Million)
Table 28. Rest of APAC: Small Internal Combustion Engine Market, by Fuel Type – Revenue and Forecast to 2027 (US$ Million)
Table 29. Rest of APAC: Small Internal Combustion Engine Market, by Gas – Revenue and Forecast to 2027 (US$ Million)
Table 30. Rest of APAC: Small Internal Combustion Engine Market, by Cylinders – Revenue and Forecast to 2027 (US$ Million)
Table 31. Rest of APAC: Small Internal Combustion Engine Market, by Power Output – Revenue and Forecast to 2027 (US$ Million)
Table 32. Rest of APAC: Small Internal Combustion Engine Market, by End User Industry – Revenue and Forecast to 2027 (US$ Million)
Table 33. List of Abbreviation
LIST OF FIGURES
Figure 1. APAC Small ICE Market Segmentation
Figure 2. APAC Small ICE Market Segmentation – By Country
Figure 3. APAC Small ICE Market Overview
Figure 4. Gasoline Segment Held the Largest Share During Forecast Period
Figure 5. CNG Gas Type Segment Dominated the Gas Segment
Figure 6. 1 Cylinder ICE Dominated the Market
Figure 7.-20 kW ICE Dominated the Market
Figure 8. APAC Small ICE Market, Country Analysis
Figure 9. APAC: PEST Analysis
Figure 10. Small Internal Combustion Engine Market- Ecosystem Analysis
Figure 11. Expert Opinion
Figure 12. Small Internal Combustion Engine Market Impact Analysis of Drivers and Restraints
Figure 13. APAC Small Internal Combustion Engine Market Revenue Forecast and Analysis (US$ Million)
Figure 14. APAC Small Internal Combustion Engine Market Breakdown, by Fuel Type, 2019 & 2027 (%)
Figure 15. Gasoline Market Revenue and Forecast to 2027 (US$ Million)
Figure 16. Diesel Market Revenue and Forecast to 2027 (US$ Million)
Figure 17. Gas Market Revenue and Forecast to 2027 (US$ Million)
Figure 18. Compressed Natural Gas (CNG): APAC Small Internal Combustion Engine Market – Revenue and Forecast to 2027 (US$ Million)
Figure 19. Liquefied Petroleum Gas (LPG): APAC Small Internal Combustion Engine Market – Revenue and Forecast to 2027 (US$ Million)
Figure 20. Liquefied Natural Gas (LNG): APAC Small Internal Combustion Engine Market – Revenue and Forecast to 2027 (US$ Million)
Figure 21. APAC Small Internal Combustion Engine Market Breakdown, By Cylinder Count, 2019 and 2027 (%)
Figure 22. 1 Market Revenue and Forecast to 2027 (US$ Million)
Figure 23. 2 Market Revenue and Forecast to 2027 (US$ Million)
Figure 24. 3 Market Revenue and Forecast to 2027 (US$ Million)
Figure 25. 4 Market Revenue and Forecast to 2027 (US$ Million)
Figure 26. APAC Small Internal Combustion Engine Market Breakdown, by Power Output, 2019 & 2027 (%)
Figure 27. 1–5 kW Market Revenue and Forecast to 2027 (US$ Million)
Figure 28. 6–10 kW Market Revenue and Forecast to 2027 (US$ Million)
Figure 29.–20 kW Market Revenue and Forecast to 2027 (US$ Million)
Figure 30. APAC Small Internal Combustion Engine Market Breakdown, By End User, 2019 and 2027 (%)
Figure 31. Power Generation Market Revenue and Forecast to 2027 (US$ Million)
Figure 32. Manufacturing Market Revenue and Forecast to 2027 (US$ Million)
Figure 33. Oil and Gas Market Revenue and Forecast to 2027 (US$ Million)
Figure 34. Transportation Market Revenue and Forecast to 2027 (US$ Million)
Figure 35. Others Market Revenue and Forecast to 2027 (US$ Million)
Figure 36. APAC: Small Internal Combustion Engine Market – Revenue by Country to 2027 (US$ Million)
Figure 37. APAC: Small Internal Combustion Engine Market Revenue Share, by Key Country (2019 and 2027)
Figure 38. Australia: Small Internal Combustion Engine Market – Revenue and Forecast to 2027 (US$ Million)
Figure 39. China: Small Internal Combustion Engine Market – Revenue and Forecast to 2027 (US$ Million)
Figure 40. India: Small Internal Combustion Engine Market – Revenue and Forecast to 2027 (US$ Million)
Figure 41. Japan: Small Internal Combustion Engine Market – Revenue and Forecast to 2027 (US$ Million)
Figure 42. South Korea: Small Internal Combustion Engine Market – Revenue and Forecast to 2027 (US$ Million)
Figure 43. Rest of APAC: Small Internal Combustion Engine Market – Revenue and Forecast to 2027 (US$ Million)
Figure 44. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
- Caterpillar Inc.
- Cummins, Inc
- INNIO
- Kawasaki Heavy Industries, Ltd.
- Liebherr
- MITSUBISHI HEAVY INDUSTRIES, LTD
- Rolls-Royce Holdings plc
- Wärtsilä Corporation
- YANMAR HOLDINGS CO., LTD.
- To understand the APAC small ice market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for APAC small ice market
- Efficiently plan M&A and partnership deals in APAC small ice market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form APAC small ice market
- Obtain market revenue forecast for market by various segments from 2020-2027 in APAC region.