Market Forecast by Countries (Brazil, Mexico, Argentina, and Rest of Latin America), By Fuel (Petroleum, Natural Gas), By End-use (Automotive, Marine, Aircraft), And Competitive Landscape
Product Code: ETC399920 | Publication Date: Mar 2023 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 250 | No. of Figures: 50 | No. of Tables: 25 |
The Latin America Internal Combustion Engine Market is estimated to rise efficiently during the forecast period owing to the rising demand for industrial machinery and transportation. The sector includes many kinds of engines like diesel, natural gas engines, and gasoline.
According to 6Wresearch, the Latin America Internal Combustion Engine Market size is anticipated to grow at a higher growth rate during 2023-2029. The sector in the continent has seen faster growth over the years. The sector is likely to rise efficiently in the future owing to the rising demand for industrial machinery and transportation. The sector includes many kinds of engines like diesel, natural gas engines, and gasoline. Economic growth, rising industrialization, and rising urbanization are some main factors driving the Latin America Internal Combustion Engine Market Growth.
Brazil is the leading market for Internal Combustion Engine in Latin America, responsible for the demand of internal combustion engine in the region. The nation has a well-established automotive sector and the market is also a huge producer of agricultural machinery, which stimulates the demand for diesel engines. Argentina, Mexico, and Colombia are some other essential sectors in the continent.
The agricultural industry in the region has also been a huge source of demand for internal combustion engine market with the rising mechanization of agriculture which is leading to higher demand for tractors as well as other agricultural machinery. However, the sector is also facing rising competition from the alternative power sources which include hybrid vehicles, electric vehicles and renewable energy sources like solar power and wind.
Report Name | Latin America Internal Combustion Engine Market |
Base Year | 2022 |
Historical Period | 2019-2022 |
Forecast Period | 2023-2029 |
Market Size Value | XXXX |
Revenue Forecast | XXXX |
Growth Rate | XXXX |
Report Coverage | Revenues & Volume, Market Trends, Drivers & Challenges, Market Forecast, Market Share |
Segment Coverage | By Country, By Fuel, By End-use |
Countries Covered | Brazil, Mexico, Argentina, Rest of Latin America |
Customization Scope | 100% customized reports available along with reliable data. Moreover, you can alter the segments, countries, and regions according to your needs. For further details, you can contact our research expert at sales@6wresearch.com |
Pricing and Purchase Options | Avail customization purchase option to know the exact pricing of your research needs |
The outbreak of the coronavirus pandemic affected the internal combustion engine market in Latin America. Here are some ways in which the sector affected by the pandemic:
Reduced demand: The economic impact of pandemic led to reduction in demand for internal combustion engines in a number of industries including agriculture, construction, and automotive, which resulted in lower sales volumes as well as revenues for a number of companies present in the sector.
Disruptions in supply chain: The outbreak of the pandemic disrupted supply chains in the region with several companies confronting challenges in sourcing parts as well as materials. This led to delays in delivery and production of engines, which increased the cost an affected the sector evolvement.
Government policies: Various governments in the continent implemented policies aimed at decreasing the virus spread like travel restrictions and lockdowns. Such policies impacted the potential of players to operate, resulted in lower sales as well as production
These were some of the key factors negatively affected the Latin America Internal Combustion Engine Market Share during the COVID-19 pandemic.
Latin America Internal Combustion Engine Industry segmentations, in terms of countries include Brazil, Mexico, Argentina, and Rest Of Latin America. Brazil is the leading market for Internal Combustion Engine in Latin America, responsible for the demand of internal combustion engine in the region. The nation has a well-established automotive sector and the market is also a huge producer of agricultural machinery, which stimulates the demand for diesel engines.
The Internal Combustion Engine Market in Latin America segmentations, in terms of fuel include Petroleum, and Natural Gas. The petroleum segment dominates the sector due to the advantages it offers like less noise and vibration.
The sector segmentations, in terms of end-use include Automotive, Marine, and Aircraft. The aircraft segment is projected to account for highest share in the future and the application of internal combustion engine in aircraft used for logistics, defense and tourism needed high-performing ICE.
The report offers a comprehensive study of the subsequent market segments:
1. Is the Latin America Internal Combustion Engine Market likely to grow?
The Latin America Internal Combustion Engine Market is estimated to rise efficiently during the forecast period owing to the rising demand for industrial machinery and transportation. The sector includes many kinds of engines like diesel, natural gas engines, and gasoline.
2. What are the factors stimulating the market growth?
The sector in the continent has seen faster growth over the years. The sector is likely to rise efficiently in the future owing to the rising demand for industrial machinery and transportation.
3. Which nation in the region is the leading market in this space?
Brazil is the leading market for Internal Combustion Engine in Latin America, responsible for the demand of internal combustion engine in the region. The nation has a well-established automotive sector and the market is also a huge producer of agricultural machinery.
4. Which end-use segment will dominate the market?
The aircraft segment is projected to account for highest share in the future and the application of internal combustion engine in aircraft used for logistics, defense and tourism needed high-performing ICE.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Latin America Internal Combustion Engine Market Overview |
3.1 Latin America Regional Macro Economic Indicators |
3.2 Latin America Internal Combustion Engine Market Revenues & Volume, 2022 & 2029F |
3.3 Latin America Internal Combustion Engine Market - Industry Life Cycle |
3.4 Latin America Internal Combustion Engine Market - Porter's Five Forces |
3.5 Latin America Internal Combustion Engine Market Revenues & Volume Share, By Countries, 2022 & 2029F |
3.6 Latin America Internal Combustion Engine Market Revenues & Volume Share, By Fuel, 2022 & 2029F |
3.7 Latin America Internal Combustion Engine Market Revenues & Volume Share, By End-use, 2022 & 2029F |
4 Latin America Internal Combustion Engine Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Latin America Internal Combustion Engine Market Trends |
6 Latin America Internal Combustion Engine Market, 2019 - 2029 |
6.1 Latin America Internal Combustion Engine Market, Revenues & Volume, By Fuel, 2019 - 2029 |
6.2 Latin America Internal Combustion Engine Market, Revenues & Volume, By End-use, 2019 - 2029 |
7 Brazil Internal Combustion Engine Market, 2019 - 2029 |
7.1 Brazil Internal Combustion Engine Market, Revenues & Volume, By Fuel, 2019 - 2029 |
7.2 Brazil Internal Combustion Engine Market, Revenues & Volume, By End-use, 2019 - 2029 |
8 Mexico Internal Combustion Engine Market, 2019 - 2029 |
8.1 Mexico Internal Combustion Engine Market, Revenues & Volume, By Fuel, 2019 - 2029 |
8.2 Mexico Internal Combustion Engine Market, Revenues & Volume, By End-use, 2019 - 2029 |
9 Argentina Internal Combustion Engine Market, 2019 - 2029 |
9.1 Argentina Internal Combustion Engine Market, Revenues & Volume, By Fuel, 2019 - 2029 |
9.2 Argentina Internal Combustion Engine Market, Revenues & Volume, By End-use, 2019 - 2029 |
10 Rest of Latin America Internal Combustion Engine Market, 2019 - 2029 |
10.1 Rest of Latin America Internal Combustion Engine Market, Revenues & Volume, By Fuel, 2019 - 2029 |
10.2 Rest of Latin America Internal Combustion Engine Market, Revenues & Volume, By End-use, 2019 - 2029 |
11 Latin America Internal Combustion Engine Market Key Performance Indicators |
12 Latin America Internal Combustion Engine Market - Opportunity Assessment |
12.1 Latin America Internal Combustion Engine Market Opportunity Assessment, By Countries, 2022 & 2029F |
12.2 Latin America Internal Combustion Engine Market Opportunity Assessment, By Fuel, 2022 & 2029F |
12.3 Latin America Internal Combustion Engine Market Opportunity Assessment, By End-use, 2022 & 2029F |
13 Latin America Internal Combustion Engine Market - Competitive Landscape |
13.1 Latin America Internal Combustion Engine Market Revenue Share, By Companies, 2022 |
13.2 Latin America Internal Combustion Engine Market Competitive Benchmarking, By Operating and Technical Parameters |
14 Company Profiles |
15 Recommendations |
16 Disclaimer |