Product Code: ETC022429 | Publication Date: Jul 2023 | Updated Date: Jan 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Philippines internal combustion engine market is projected to register a CAGR of 5.9% during the forecast period (2020???2027). This growth can be attributed to growing investments in the construction industry coupled with expanding infrastructure activities and increasing government initiatives towards fuel efficiency in transport vehicles are expected to create demand for these engines over the coming years
Increasing focus on reducing emissions from traditional IC engines has led manufacturers to invest heavily in research & development for developing reliable solutions for controlling toxic gases released under exhaust systems. Additionally, advances such as direct injection technology that improve performance while cutting emission levels are further gaining traction among customers globally, thereby driving the overall market expansion.
Increasing demand for lightweight materials used in automotive components and powertrain assemblies along with declining component prices due to improved manufacturing processes have played an important role in supporting market growth across Philippine region through 2020-2027
High cost associated with retrofitting existing systems with new technologies has been acting as an obstacle against large scale utilization of these technologies worldwide which may hinder overall market progress over time
Some key players operating in this space include Mitsubishi Heavy Industries Ltd., Rolls Royce Holdings PLC , Cummins Inc., Volvo Group , MAN SE , Caterpillar Inc., John Deere & Company and W?rtsil? Corporation amongst others who contribute significantly towards overall industry presence
The novel coronavirus outbreak had a significant impact on production operations across global automotive sector leading many companies towards temporary shutdowns or reduced working hours resulting into decreased sales figures throughout 2020 . Though early 2021 saw some improvement leading company revenues back on upward trajectory however it???s still far below pre covid numbers making recovery process quite slow paced
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 Philippines Internal Combustion Engines Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Internal Combustion Engines Market Revenues & Volume, 2020 & 2030F |
3.3 Philippines Internal Combustion Engines Market - Industry Life Cycle |
3.4 Philippines Internal Combustion Engines Market - Porter's Five Forces |
3.5 Philippines Internal Combustion Engines Market Revenues & Volume Share, By Fuel, 2020 & 2030F |
3.6 Philippines Internal Combustion Engines Market Revenues & Volume Share, By End-Users, 2020 & 2030F |
4 Philippines Internal Combustion Engines Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Internal Combustion Engines Market Trends |
6 Philippines Internal Combustion Engines Market, By Types |
6.1 Philippines Internal Combustion Engines Market, By Fuel |
6.1.1 Overview and Analysis |
6.1.2 Philippines Internal Combustion Engines Market Revenues & Volume, By Fuel, 2020-2030F |
6.1.3 Philippines Internal Combustion Engines Market Revenues & Volume, By Petroleum, 2020-2030F |
6.1.4 Philippines Internal Combustion Engines Market Revenues & Volume, By Natural Gas, 2020-2030F |
6.2 Philippines Internal Combustion Engines Market, By End-Users |
6.2.1 Overview and Analysis |
6.2.2 Philippines Internal Combustion Engines Market Revenues & Volume, By Automotive, 2020-2030F |
6.2.3 Philippines Internal Combustion Engines Market Revenues & Volume, By Aircraft, 2020-2030F |
6.2.4 Philippines Internal Combustion Engines Market Revenues & Volume, By Marine, 2020-2030F |
7 Philippines Internal Combustion Engines Market Import-Export Trade Statistics |
7.1 Philippines Internal Combustion Engines Market Export to Major Countries |
7.2 Philippines Internal Combustion Engines Market Imports from Major Countries |
8 Philippines Internal Combustion Engines Market Key Performance Indicators |
9 Philippines Internal Combustion Engines Market - Opportunity Assessment |
9.1 Philippines Internal Combustion Engines Market Opportunity Assessment, By Fuel, 2020 & 2030F |
9.2 Philippines Internal Combustion Engines Market Opportunity Assessment, By End-Users, 2020 & 2030F |
10 Philippines Internal Combustion Engines Market - Competitive Landscape |
10.1 Philippines Internal Combustion Engines Market Revenue Share, By Companies, 2023 |
10.2 Philippines Internal Combustion Engines Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |