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Market Snapshot

CAGR:9.16

2023

2032

Source: Market Expertz

Study Period	2019-2032
Base Year	2023
Forcast Year	2023-2032
CAGR	9.16

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Report Overview

Automotive Engine Market Analysis Report 2023-2032

The Automotive Engine Market is poised to experience a Compound Annual Growth Rate (CAGR) of 7.92% between 2022 and 2032. Over this period, the market size is expected to witness a substantial increase, reaching a valuation of USD 365.2 billion. The growth of this market is driven by several key factors, including increasing demand for fuel-efficient and high-performance vehicles, advancements in engine technology, and the need for reduced emissions and environmental sustainability. The market primarily focuses on the development and production of engines for various types of vehicles.

Automotive Engine Market Overview

Drivers

One of the primary drivers behind the expansion of the Automotive Engine Market is the growing demand for fuel-efficient vehicles. As concerns about environmental sustainability and rising fuel costs continue to escalate, consumers and automakers alike are seeking engines that offer improved fuel economy while maintaining performance.

Additionally, advancements in engine technology, including the development of more efficient and powerful engines, are driving market growth. These technologies include turbocharging, direct fuel injection, and hybrid powertrains, which are key contributors to improved engine performance and efficiency.

Trends

An important trend shaping the Automotive Engine Market is the increasing adoption of electric and hybrid powertrains. With the transition towards electric vehicles (EVs) and hybrid vehicles (HEVs), automakers are developing electric and hybrid engines, further diversifying the market. These engines are known for their environmental benefits and reduced reliance on traditional internal combustion engines.

Furthermore, the integration of connectivity and artificial intelligence (AI) into engine management systems is on the rise. Smart engines that can communicate with other vehicle systems and adapt to driving conditions are becoming more common, enhancing overall vehicle performance and efficiency.

Restraints

One of the challenges faced by the Automotive Engine Market is the substantial research and development (R&D) investments required for developing advanced engine technologies. The development of new engines, especially those with alternative power sources, involves significant costs and can be a barrier to entry for some manufacturers.

Additionally, emissions regulations and compliance continue to be a restraint. Meeting stringent emission standards often requires costly modifications to engine designs, impacting production costs.

Automotive Engine Market Segmentation By Engine Type

The market is segmented based on the types of engines produced, including internal combustion engines (ICEs), electric engines, and hybrid engines. Each type serves a specific market segment with unique needs and priorities.

Automotive Engine Market Segmentation By Vehicle Type

Passenger vehicles, including sedans, SUVs, and hatchbacks, are expected to be a prominent growth area within the Automotive Engine Market. Consumers increasingly seek vehicles that balance performance, fuel efficiency, and reduced emissions.

Commercial vehicles, including trucks and buses, also represent an important application segment. Fleet operators prioritize engines that offer durability, reliability, and fuel efficiency to reduce operating costs.

Regional Overview:

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North America, Europe, and Asia-Pacific (APAC) are anticipated to be significant drivers of global Automotive Engine Market growth. These regions have strong automotive manufacturing industries and stringent emissions standards, driving demand for advanced engine technologies.

The market may experience short-term disruptions due to supply chain challenges and the impact of the COVID-19 pandemic. However, the long-term trend towards cleaner, more efficient engines is expected to drive continued growth.

Automotive Engine Market Customer Landscape

The Automotive Engine Market report offers insights into the adoption patterns of the market, ranging from early adopters to laggards. The report examines adoption rates across different regions based on penetration levels. Moreover, the report delves into key criteria influencing purchase decisions and factors affecting price sensitivity. These insights assist companies in formulating effective strategies for market entry and growth.

Major Automotive Engine Market Companies

Prominent players in the Automotive Engine Market are implementing diverse strategies to strengthen their market presence. These strategies include R&D efforts to improve engine technologies, collaborations with other industry players, geographic expansion, and the introduction of innovative engine solutions.

Sample list of major companies in the market:

General Motors
Ford Motor Company
Toyota Motor Corporation
Volkswagen Group
Honda Motor Co., Ltd.

Qualitative and quantitative analyses of these companies offer valuable insights into the competitive landscape. This analysis enables stakeholders to comprehend market dynamics and assess the strengths and weaknesses of key players. The categorization of companies based on their market focus and influence provides a comprehensive view of the competitive environment.

Segment Overview

The Automotive Engine Market report provides revenue forecasts on a global, regional, and country level. The report also includes an analysis of emerging trends and growth opportunities spanning from 2019 to 2032.

Engine Type Outlook (USD Billion, 2019 - 2032)

Internal Combustion Engines (ICEs)
Electric Engines
Hybrid Engines

Vehicle Type Outlook (USD Billion, 2019 - 2032)

Passenger Vehicles
Commercial Vehicles

Geography Outlook (USD Billion, 2019 - 2032)

North America

United States
Canada

Europe

United Kingdom
Germany
France
Rest of Europe

APAC

China
Japan
India
Rest of APAC

Latin America

Brazil
Mexico
Rest of Latin America

Middle East & Africa

United Arab Emirates
South Africa
Rest of Middle East & Africa

TABLE OF CONTENTS: GLOBAL Asia Pacific Automotive Engine MARKET

Chapter 1. MARKET SYNOPSIS

1.1. Market Definition

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. EXECUTIVE SUMMARY

2.1. Summary Snapshot, 2016 – 2027

Chapter 3. INDICATIVE METRICS

3.1. Macro Indicators

Chapter 4. Asia Pacific Automotive Engine MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. Asia Pacific Automotive Engine Segmentation Analysis

4.2. Industrial Outlook

4.3. Price Trend Analysis

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

4.5.1. Power Of Suppliers

4.5.2. Power Of Buyers

4.5.3. Threat Of Substitutes

4.5.4. Threat Of New Entrants

4.5.5. Competitive Rivalry

Chapter 5. Asia Pacific Automotive Engine MARKET BY vehicle type landscape

SIGHTS & TRENDS

5.1. Segment 1 Dynamics & Market Share, 2019 & 2027

5.2 Passenger Cars

5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.3 Commercial Vehicles

5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 6. Asia Pacific Automotive Engine MARKET BY fuel INSIGHTS & TRENDS

6.1. Segment 2 Dynamics & Market Share, 2019 & 2027

6.2 Gasoline

6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.3 Diesel

6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 7. Asia Pacific Automotive Engine MARKET REGIONAL OUTLOOK

7.1. Asia Pacific Automotive Engine Market Share By Region, 2019 & 2027

7.2. NORTH AMERICA

7.2.1. North America Asia Pacific Automotive Engine Market Estimates And Forecast, 2016 – 2027 (USD Million)

7.2.2. North America Asia Pacific Automotive Engine Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.3. North America Asia Pacific Automotive Engine Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.4. North America Asia Pacific Automotive Engine Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.5. U.S.

7.2.5.1. U.S. Asia Pacific Automotive Engine Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.5.2. U.S. Asia Pacific Automotive Engine Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.5.3. U.S. Asia Pacific Automotive Engine Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.5.4. U.S. Asia Pacific Automotive Engine Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.6. CANADA

7.2.6.1. Canada Asia Pacific Automotive Engine Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.6.2. Canada Asia Pacific Automotive Engine Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.6.3. Canada Asia Pacific Automotive Engine Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.6.4. Canada Asia Pacific Automotive Engine Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3. EUROPE

7.3.1. Europe Asia Pacific Automotive Engine Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.2. Europe Asia Pacific Automotive Engine Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.3. Europe Asia Pacific Automotive Engine Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.4. Europe Asia Pacific Automotive Engine Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.5. GERMANY

7.3.5.1. Germany Asia Pacific Automotive Engine Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.5.2. Germany Asia Pacific Automotive Engine Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.5.3. Germany Asia Pacific Automotive Engine Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.5.4. Germany Asia Pacific Automotive Engine Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.6. FRANCE

7.3.6.1. France Asia Pacific Automotive Engine Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.6.2. France Asia Pacific Automotive Engine Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.6.3. France Asia Pacific Automotive Engine Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.6.4. France Asia Pacific Automotive Engine Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.7. U.K.

7.3.7.1. U.K. Asia Pacific Automotive Engine Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.7.2. U.K. Asia Pacific Automotive Engine Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.7.3. U.K. Asia Pacific Automotive Engine Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.7.4. U.K. Asia Pacific Automotive Engine Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4. ASIA-PACIFIC

7.4.1. Asia Pacific Asia Pacific Automotive Engine Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.2. Asia Pacific Asia Pacific Automotive Engine Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.3. Asia Pacific Asia Pacific Automotive Engine Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.4. Asia Pacific Asia Pacific Automotive Engine Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.5. CHINA

7.4.5.1. China Asia Pacific Automotive Engine Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.5.2. China Asia Pacific Automotive Engine Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.5.3. China Asia Pacific Automotive Engine Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.5.4. China Asia Pacific Automotive Engine Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.6. INDIA

7.4.6.1. India Asia Pacific Automotive Engine Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.6.2. India Asia Pacific Automotive Engine Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.6.3. India Asia Pacific Automotive Engine Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.6.4. India Asia Pacific Automotive Engine Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.7. JAPAN

7.4.7.1. Japan Asia Pacific Automotive Engine Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.7.2. Japan Asia Pacific Automotive Engine Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.7.3. Japan Asia Pacific Automotive Engine Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.7.4. Japan Asia Pacific Automotive Engine Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.8. AUSTRALIA

7.4.8.1. Australia Asia Pacific Automotive Engine Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.8.2. Australia Asia Pacific Automotive Engine Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.8.3. Australia Asia Pacific Automotive Engine Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.8.4. Australia Asia Pacific Automotive Engine Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.5. MIDDLE EAST AND AFRICA (MEA)

7.5.1. Mea Asia Pacific Automotive Engine Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.5.2. Mea Asia Pacific Automotive Engine Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.5.3. Mea Asia Pacific Automotive Engine Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.5.4. Mea Asia Pacific Automotive Engine Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.6. LATIN AMERICA

7.6.1. Latin America Asia Pacific Automotive Engine Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.6.2. Latin America Asia Pacific Automotive Engine Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.6.3. Latin America Asia Pacific Automotive Engine Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.6.4. Latin America Asia Pacific Automotive Engine Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)

7.6.5. Latin America Asia Pacific Automotive Engine Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

Chapter 8. COMPETITIVE LANDSCAPE

8.1. Market Share By Manufacturers

8.2. Strategic Benchmarking

8.2.1. New Product Launches

8.2.2. Investment & Expansion

8.2.3. Acquisitions

8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures

8.3. Vendor Landscape

8.3.1. North American Suppliers

8.3.2. European Suppliers

8.3.3. Asia-Pacific Suppliers

8.3.4. Rest Of The World Suppliers

Chapter 9. COMPANY PROFILES

9.1 Toyota Industries Corporation

9.1.1. Company Overview

9.1.2. Financial Performance

9.1.3. Product Insights

9.1.4. Strategic Initiatives

9.2 AVL

9.2.1. Company Overview

9.2.2. Financial Performance

9.2.3. Product Insights

9.2.4. Strategic Initiatives

9.3 Hyundai Motor Group

9.3.1. Company Overview

9.3.2. Financial Performance

9.3.3. Product Insights

9.3.4. Strategic Initiatives

9.4 Fiat Chrysler Automotive Group

9.4.1. Company Overview

9.4.2. Financial Performance

9.4.3. Product Insights

9.4.4. Strategic Initiatives

9.5 Nissan Motor Corporation

9.5.1. Company Overview

9.5.2. Financial Performance

9.5.3. Product Insights

9.5.4. Strategic Initiatives

9.6 Company 6

9.6.1. Company Overview

9.6.2. Financial Performance

9.6.3. Product Insights

9.6.4. Strategic Initiatives

9.7 Company 7

9.7.1. Company Overview

9.7.2. Financial Performance

9.7.3. Product Insights

9.7.4. Strategic Initiatives

9.8 Company 8

9.8.1. Company Overview

9.8.2. Financial Performance

9.8.3. Product Insights

9.8.4. Strategic Initiatives

9.9 Company 9

9.9.1. Company Overview

9.9.2. Financial Performance

9.9.3. Product Insights

9.9.4. Strategic Initiatives

9.10 Company 10

9.10.1. Company Overview

9.10.2. Financial Performance

9.10.3. Product Insights

9.10.4. Strategic Initiatives

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

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Automotive Engine Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032