Northern America: Market for Equipment For Internal Combustion Engines 2024

Market Size for Equipment For Internal Combustion Engines in Northern America

The North American internal combustion engine equipment market reached $X in 2022, with an increase of X% against the previous year. The total consumption indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2016 indices. The level of consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Production of Equipment For Internal Combustion Engines in Northern America

In value terms, internal combustion engine equipment production totaled $X in 2022 estimated in export price. The total production indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Equipment For Internal Combustion Engines

Exports in Northern America

For the eighth consecutive year, Northern America recorded decline in shipments abroad of equipment for internal combustion engines, which decreased by X% to X units in 2022. In general, exports faced a abrupt decrease. The growth pace was the most rapid in 2014 when exports increased by X%. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, internal combustion engine equipment exports amounted to $X in 2022. Overall, exports, however, recorded a mild expansion. The growth pace was the most rapid in 2014 when exports increased by X%. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States was the main exporter of equipment for internal combustion engines in Northern America, with the volume of exports accounting for X units, which was near X% of total exports in 2022. It was distantly followed by Canada (X units), making up a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to internal combustion engine equipment exports from the United States stood at X%. Canada experienced a relatively flat trend pattern. Canada (X p.p.) significantly strengthened its position in terms of the total exports, while the United States saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the United States ($X) remains the largest internal combustion engine equipment supplier in Northern America, comprising X% of total exports. The second position in the ranking was held by Canada ($X), with a X% share of total exports.

In the United States, internal combustion engine equipment exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per unit, increasing by X% against the previous year. Overall, the export price recorded a prominent expansion. The pace of growth appeared the most rapid in 2020 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while Canada stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%).

Imports of Equipment For Internal Combustion Engines

Imports in Northern America

In 2022, the amount of equipment for internal combustion engines imported in Northern America surged to X units, increasing by X% compared with the year before. Overall, imports, however, saw a slight descent. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, internal combustion engine equipment imports shrank modestly to $X in 2022. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

The United States represented the key importing country with an import of about X units, which resulted at X% of total imports. It was distantly followed by Canada (X units), comprising an X% share of total imports.

The United States was also the fastest-growing in terms of the equipment for internal combustion engines imports, with a CAGR of X% from 2012 to 2022. Canada (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United States increased by X percentage points.

In value terms, the United States ($X) constitutes the largest market for imported equipment for internal combustion engines in Northern America, comprising X% of total imports. The second position in the ranking was held by Canada ($X), with a X% share of total imports.

In the United States, internal combustion engine equipment imports increased at an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per unit, declining by X% against the previous year. Overall, the import price, however, recorded mild growth. The most prominent rate of growth was recorded in 2016 when the import price increased by X%. The level of import peaked at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while Canada amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%).

Source: IndexBox Platform