Market Overview & Projections The global internal combustion engine (ICE) market stood at approximately 181,836 thousand units in 2022 and is projected to reach 366,726 thousand units by 2030, growing at a CAGR of 9.2% between 2023 and 2030. By 2023 alone, volume had already climbed to an estimated 198,637 thousand units — meaning the market added nearly 17,000 thousand units in a...