Internal Combustion Engine (ICE) Market to Reach USD 268.8 Bn by 2032 Driven by Rising Demand in Developing Economies | According to SNS Insider Rport [Yahoo! Finance]
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Source: Yahoo! Finance
Pune, July 05, 2024 (GLOBE NEWSWIRE) -- The Internal Combustion Engine (ICE) Market S ize was recorded at USD 113 Billion in 2023 and is expected to reach USD 268.8 Billion during 2032, growing at a CAGR of 10.1% over the forecast period 2024-2032 Rising demand for vehicles among consumers in various regions of the world is driving massive opportunities for the internal combustion engine (ICE) market.According to Data published related sales for new cars, shows that sales for Electric cars was recorded 13.8 Mn in 2023 as compared to Non- electric cars that is 62.8 Mn is same year. This rising demand is largely due to the continued technological innovation in engine efficiency and performance, alongside ongoing advancements of hybrid solutions that combine conventional internal combustion engines with electric powertrains. For Instance, Toyota is also planning to reveal launch a new internal combustion engine. The new version is laced with, fire-up with finesse 1.5- and four-liter c
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