Market Forecast by Countries (China, India, Japan, Australia, Indonesia, Philippines, Thailand, Malaysia, Singapore, Rest of Asia), By Type (Low-speed Engine, Medium-speed Engine, High-speed Engine), By End-Users (Automotive, Marine, Aircraft), By Fuel (Petroleum, Natural Gas), By Component Types (Cylinder, Piston, Crankshaft, Others) And Competitive Landscape
Product Code: ETC056905 | Publication Date: May 2021 | Updated Date: Sep 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
According to 6Wresearch internal database and industry insights, the Asia Pacific Internal Combustion Engine Components Market Size was valued at USD 54.9 billion in 2024 and is projected to reach USD 83.7 billion by 2031, representing a compound annual growth rate (CAGR) of 6.3% during the forecast period (2025-2031).
Report Name | Asia Pacific Internal combustion engine components Market |
Forecast Period | 2025-2031 |
CAGR | 6.3% |
Market Size | USD 83.7 billion by 2031 |
Growing Sector | Automotive and Marine |
The Asia Pacific Internal Combustion Engine Components Market report thoroughly covers the market by type, fuel, end-users, component types, and countries. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help stakeholders to devise and align their market strategies according to the current and future market dynamics.
Asia Pacific Internal Combustion Engine Components Market is projected to witness constant expansion due to rapid surge in demand for mobility, industrialization, and marine trade increases across the region. Also, the expansion of the automotive industry, large-scale manufacturing bases, and developing shipping activities are major contributors to Asia Pacific Internal Combustion Engine Components Market Growth. Besides, there is an increasing demand for energy-efficient components and government initiatives promoting cleaner and efficient engine technologies.
Asia Pacific Internal Combustion Engine Components Market is expected to gain significant growth, representing a CAGR of 6.3% during 2025-2031. This expansion is attributed to rising fuel consumption in the automotive sector, surging demand for lightweight engine components, and widespread penetration of natural gas-powered engines in several economies. In addition to this, heavy investments by global and regional manufacturers in engine modernization and localized component supply chains are further fueling revenue growth in the Asia Pacific Internal Combustion Engine Components Market.
However, there are several hinderances faced by the market, including rising competition from EVs, instable raw material prices, and the increasing cost of advanced manufacturing. Apart from this, limited standardization in emission regulations across Asia Pacific countries creates operational complexities for manufacturers. Besides, the need for continuous technological upgrades and strict government emission norms imposes additional costs on the industry.
Asia Pacific Internal Combustion Engine Components Industry is expected to witness several notable trends such as the widespread adoption of advanced alloys and composites to reduce engine weight, integration of smart sensors in engine components for performance monitoring, and increasing usage of natural gas as an alternative fuel. Also, the demand for hybrid internal combustion engines, combining ICE with electric power, is also growing in urban mobility solutions. Besides, several leading companies are investing in digital twins and AI-driven simulations to improve durability of components.
Asia Pacific Internal Combustion Engine Components Industry is expected to gain traction over the coming years on account of strong investment opportunities in localized manufacturing hubs, lightweight material R&D, and expansion of natural gas and biofuel-compatible engine parts. There has been surge in demand from marine shipping, coupled with the development of aviation industries in countries such as India and China, provides attractive growth avenues. Several emerging businesses are focusing on additive manufacturing of complex engine components are gaining massive consideration from global investors.
Asia Pacific Internal Combustion Engine Components Market is fiercely competitive, with global and regional players focusing on product innovation, durable components, and efficient supply chains. Some of the leading companies include Toyota Industries Corporation, Hyundai Heavy Industries, Honda Motor Co., Ltd., Cummins Inc., Mitsubishi Heavy Industries, and Bharat Forge.
In Asia Pacific Internal Combustion Engine Components Market, the governments have implemented firm emission norms and policies to augment the competence of internal combustion engines. For example, India’s Bharat Stage VI emission standards mandate reduced emissions from automotive engines. In addition, China’s China VI regulations aim to control nitrogen oxide and particulate matter emissions from both light and heavy-duty vehicles. Moreover, Japan has launched the Strategic Energy Plan focusing on cleaner fuels and more efficient engine designs, while Australia has introduced stringent marine engine compliance standards to legalize emissions from shipping vessels.
Asia Pacific Internal Combustion Engine Components Industry is anticipated to continue its upward trajectory as industries balance the conversion between traditional engines and hybrid technologies. In the coming years, advanced AI-driven manufacturing, modular engine designs, and integration of hydrogen-based fuels will reshape the industry. Widespread adoption of lightweight cylinders, pistons, and crankshafts will enhance fuel efficiency and extend component lifecycles. Escalating defense, aviation, and marine sectors across Asia Pacific will further support revenue streams, while governments continue to push for sustainable and more efficient combustion technologies.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
According to Anjali, Senior Research Analyst, 6Wresearch, China dominates the Asia Pacific ICE Components Market, driven by its large automotive industry, significant export-oriented manufacturing base, and heavy investments in research and development. Increasing demand for passenger vehicles, rapid industrialization, and rising defense spending are fueling strong component demand.
High-speed engines hold the largest share in the Asia Pacific ICE Components Market, primarily due to their widespread use in the automotive and marine industries. These engines are highly efficient, capable of handling variable load conditions, and are extensively used in commercial vehicles and passenger cars.
The automotive sector dominates the ICE Components Market in Asia Pacific, fueled by rising vehicle production in China, India, and Japan. Increasing consumer demand for passenger and commercial vehicles, coupled with government initiatives for fuel-efficient technologies, drives demand for durable and lightweight components.
Petroleum-based internal combustion engines dominate the Asia Pacific Internal Combustion Engine Components Market Share due to their widespread use in vehicles and industrial equipment. However, natural gas is emerging as a fast-growing fuel alternative, particularly in countries like China and India, where government incentives support cleaner energy adoption.
Pistons and crankshafts dominate the Asia Pacific ICE Components Market as they are critical for power generation and mechanical efficiency of engines. Manufacturers are investing in high-strength alloys and precision engineering for these components to improve durability and reduce wear.
The market report provides a detailed analysis of the following market segments:
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 Asia Pacific Internal combustion engine components Market Overview |
3.1 Asia Pacific Regional Macro Economic Indicators |
3.2 Asia Pacific Internal combustion engine components Market Revenues & Volume, 2021 & 2031F |
3.3 Asia Pacific Internal combustion engine components Market - Industry Life Cycle |
3.4 Asia Pacific Internal combustion engine components Market - Porter's Five Forces |
3.5 Asia Pacific Internal combustion engine components Market Revenues & Volume Share, By Countries, 2020 & 2027F |
3.6 Asia Pacific Internal combustion engine components Market Revenues & Volume Share, By Type, 2020 & 2027F |
3.7 Asia Pacific Internal combustion engine components Market Revenues & Volume Share, By End-Users, 2020 & 2027F |
3.8 Asia Pacific Internal combustion engine components Market Revenues & Volume Share, By Fuel, 2020 & 2027F |
3.9 Asia Pacific Internal combustion engine components Market Revenues & Volume Share, By Component Types, 2021 & 2031F |
4 Asia Pacific Internal combustion engine components Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Asia Pacific Internal combustion engine components Market Trends |
6 Asia Pacific Internal combustion engine components Market, 2021 & 2031F |
6.1 Asia Pacific Internal combustion engine components Market, Revenues & Volume, By Type, 2021 & 2031F |
6.2 Asia Pacific Internal combustion engine components Market, Revenues & Volume, By End-Users, 2021 & 2031F |
6.3 Asia Pacific Internal combustion engine components Market, Revenues & Volume, By Fuel, 2021 & 2031F |
6.4 Asia Pacific Internal combustion engine components Market, Revenues & Volume, By Component Types, 2021 & 2031F |
7 China Internal combustion engine components Market, 2021 & 2031F |
7.1 China Internal combustion engine components Market, Revenues & Volume, By Type, 2021 & 2031F |
7.2 China Internal combustion engine components Market, Revenues & Volume, By End-Users, 2021 & 2031F |
7.3 China Internal combustion engine components Market, Revenues & Volume, By Fuel, 2021 & 2031F |
7.4 China Internal combustion engine components Market, Revenues & Volume, By Component Types, 2021 & 2031F |
8 India Internal combustion engine components Market, 2021 & 2031F |
8.1 India Internal combustion engine components Market, Revenues & Volume, By Type, 2021 & 2031F |
8.2 India Internal combustion engine components Market, Revenues & Volume, By End-Users, 2021 & 2031F |
8.3 India Internal combustion engine components Market, Revenues & Volume, By Fuel, 2021 & 2031F |
8.4 India Internal combustion engine components Market, Revenues & Volume, By Component Types, 2021 & 2031F |
9 Japan Internal combustion engine components Market, 2021 & 2031F |
9.1 Japan Internal combustion engine components Market, Revenues & Volume, By Type, 2021 & 2031F |
9.2 Japan Internal combustion engine components Market, Revenues & Volume, By End-Users, 2021 & 2031F |
9.3 Japan Internal combustion engine components Market, Revenues & Volume, By Fuel, 2021 & 2031F |
9.4 Japan Internal combustion engine components Market, Revenues & Volume, By Component Types, 2021 & 2031F |
10 Australia Internal combustion engine components Market, 2021 & 2031F |
10.1 Australia Internal combustion engine components Market, Revenues & Volume, By Type, 2021 & 2031F |
10.2 Australia Internal combustion engine components Market, Revenues & Volume, By End-Users, 2021 & 2031F |
10.3 Australia Internal combustion engine components Market, Revenues & Volume, By Fuel, 2021 & 2031F |
10.4 Australia Internal combustion engine components Market, Revenues & Volume, By Component Types, 2021 & 2031F |
11 Indonesia Internal combustion engine components Market, 2021 & 2031F |
11.1 Indonesia Internal combustion engine components Market, Revenues & Volume, By Type, 2021 & 2031F |
11.2 Indonesia Internal combustion engine components Market, Revenues & Volume, By End-Users, 2021 & 2031F |
11.3 Indonesia Internal combustion engine components Market, Revenues & Volume, By Fuel, 2021 & 2031F |
11.4 Indonesia Internal combustion engine components Market, Revenues & Volume, By Component Types, 2021 & 2031F |
12 Philippines Internal combustion engine components Market, 2021 & 2031F |
12.1 Philippines Internal combustion engine components Market, Revenues & Volume, By Type, 2021 & 2031F |
12.2 Philippines Internal combustion engine components Market, Revenues & Volume, By End-Users, 2021 & 2031F |
12.3 Philippines Internal combustion engine components Market, Revenues & Volume, By Fuel, 2021 & 2031F |
12.4 Philippines Internal combustion engine components Market, Revenues & Volume, By Component Types, 2021 & 2031F |
13 Thailand Internal combustion engine components Market, 2021 & 2031F |
13.1 Thailand Internal combustion engine components Market, Revenues & Volume, By Type, 2021 & 2031F |
13.2 Thailand Internal combustion engine components Market, Revenues & Volume, By End-Users, 2021 & 2031F |
13.3 Thailand Internal combustion engine components Market, Revenues & Volume, By Fuel, 2021 & 2031F |
13.4 Thailand Internal combustion engine components Market, Revenues & Volume, By Component Types, 2021 & 2031F |
14 Malaysia Internal combustion engine components Market, 2021 & 2031F |
14.1 Malaysia Internal combustion engine components Market, Revenues & Volume, By Type, 2021 & 2031F |
14.2 Malaysia Internal combustion engine components Market, Revenues & Volume, By End-Users, 2021 & 2031F |
14.3 Malaysia Internal combustion engine components Market, Revenues & Volume, By Fuel, 2021 & 2031F |
14.4 Malaysia Internal combustion engine components Market, Revenues & Volume, By Component Types, 2021 & 2031F |
15 Singapore Internal combustion engine components Market, 2021 & 2031F |
16 Rest of Asia Internal combustion engine components Market, 2021 & 2031F |
16.1 Rest of Asia Internal combustion engine components Market, Revenues & Volume, By Type, 2021 & 2031F |
16.2 Rest of Asia Internal combustion engine components Market, Revenues & Volume, By End-Users, 2021 & 2031F |
16.3 Rest of Asia Internal combustion engine components Market, Revenues & Volume, By Fuel, 2021 & 2031F |
16.4 Rest of Asia Internal combustion engine components Market, Revenues & Volume, By Component Types, 2021 & 2031F |
17 Asia Pacific Internal combustion engine components Market Key Performance Indicators |
18 Asia Pacific Internal combustion engine components Market - Opportunity Assessment |
18.1 Asia Pacific Internal combustion engine components Market Opportunity Assessment, By Countries, 2021 & 2031F |
18.2 Asia Pacific Internal combustion engine components Market Opportunity Assessment, By Type, 2021 & 2031F |
18.3 Asia Pacific Internal combustion engine components Market Opportunity Assessment, By End-Users, 2020 & 2027F |
18.4 Asia Pacific Internal combustion engine components Market Opportunity Assessment, By Fuel, 2021 & 2031F |
18.5 Asia Pacific Internal combustion engine components Market Opportunity Assessment, By Component Types, 2021 & 2031F |
19 Asia Pacific Internal combustion engine components Market - Competitive Landscape |
19.1 Asia Pacific Internal combustion engine components Market Revenue Share, By Companies, 2024 |
19.2 Asia Pacific Internal combustion engine components Market Competitive Benchmarking, By Operating and Technical Parameters |
20 Company Profiles |
21 Recommendations |
22 Disclaimer |