Internal Combustion Engine Market Is Estimated To Exhibit At 370,693.0 Thousand Unit By 2030
San Francisco, 16 Aug 2022: The Report Internal Combustion Engine Market Size, Share & Trends Analysis Report By Fuel (Petroleum And Natural Gas), By End-use, By Region, And Segment Forecasts, 2022 - 2030 The global internal combustion engine market is expected to reach 370,693.0 thousand units by 2030 registering a CAGR of 9.3% during the forecast period, according to a new report by Grand View Research, Inc. Rising disposable income in various nations and increased automobile use throughout the world are a major factor driving the market. A spike in technological advancement in internal combustion engine (ICE) in terms of pollution, fuel efficiency, and performance is expected to boost demand by 2030. Additionally, the lack of electric vehicle charging infrastructure worldwide coupled with increasing output of shale gas and growing demand for ICE in defense vehicles such as submarines and ships is further driving the market growth. The demand for ICE is also experiencing enl