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Analysis of Internal Combustion Engine Market in 2022

2023-01-09

 In the past year, despite the impact of many unfavorable factors, the auto parts industry still showed a positive outlook. The development of fields such as electric vehicles, networking, and intelligence continues to profoundly shape the industry and consumer demand. Looking back in 2022, what major events have happened in the auto parts industry? What enlightenment does it bring us?
 
Since 2022, the overall performance of the internal combustion engine industry has been affected to a certain extent by multiple factors such as tight supply chains, poor logistics, and slowdown in infrastructure. The data shows that in November 2022, the sales volume of internal combustion engines showed a decline both month-on-month and year-on-year. From January to November, the cumulative sales of internal combustion engines were 39.7095 million units, a year-on-year increase of -12.92%, an increase of 1.86 percentage points from the cumulative decline of the previous month (-11.06%). In terms of terminal markets, the production and sales of automobiles are slightly sluggish, the growth rate of passenger cars has slowed down, and commercial vehicles have continued to decline at double digits; markets such as construction machinery and agricultural machinery are still in a state of adjustment, and motorcycles have fallen sharply, resulting in low demand for internal combustion engines. at the same level.
 
The traditional internal combustion engine has a development history of more than 100 years, and it still has potential to be tapped. New technologies, new structures, and new materials have all given new missions to internal combustion engines. In many application scenarios, the internal combustion engine will still occupy a dominant position for a long period of time in the future. Both fossil fuels and biofuels can be used as fuel sources for internal combustion engines, therefore, internal combustion engines still have a broad market space.