Market Synopsis of Global Automotive Engine
Automotive Engine is one of the most integral parts in any vehicle. It enables the vehicle to function efficiently and run smoothly without any trouble. Overall performance, Vehicle emission and efficiency of every vehicle depends on the condition of automotive engine.
With the advent of recent technological developments, the automotive engine market is expected to grow substantially. Owing to the Factors such as rigid fuel economy regulatory norms and growing demand for technologically advanced powered engines for the better performance of vehicles. Furthermore, rising disposable income can also be attributed to the growth of the automotive engine market which will ensure to spend more on high-end cars and commercial vehicles by consumers.
Recently the automobile giant Audi, has developed a TFSI 4-cylinder engine which the company claims to be the most efficient 2-litre gasoline engine on par. Such technological developments will certainly boost the market growth which will pave the way for better fuel-efficient vehicles.
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The key players in the global automotive engine market include AB Volvo (Sweden), Cummins Inc. (USA), Fiat S.PA. (Italy), Ford Motor Company (USA), General Motors (USA), Honda (Japan), Hyundai Motor Company (South Korea), Mitsubishi Heavy Industries (Japan), Scania AB (Sweden), and Volkswagen Group (Germany).
Latest Industry News
Mazda is set to launch its first Electric Vehicles (EV) in 2020 as part of its ‘Sustainable Zoom-Zoom 2030’ long-term technology development programme. These vehicles will have automotive engines. 2 OCT 2018
Dacia has announced the release of a new range of automotive engines in the near future. 2 OCT 2018
Mazda has opened a new plant in Russia where automotive engines and its components would be manufactured. 26 SEP 2018.
The regional segmentation of the global automotive engine market segments the market into regional markets known as North America, Europe, Asia Pacific, and rest of the world. According to the report, Asia Pacific is the leading market and estimated to grow during the forecast period. Holding the biggest share in the global market, it is growing with good speed. The reasons for the market growth in this region include rapid expansion in the automotive industry of the developing nations, and original equipment manufacturer (OEM) developing technologically advanced powered engines to gain high torque and performance. The most important country-specific markets in this region are China, India, and Japan, followed by the rest of the Asia Pacific region.
Markets in North America and Europe are expected to show limited growth because the presence of long-established original equipment manufacturers has already been established in these regions. Therefore, a strong base for the robust development and growth of the automotive engine market can be seen. Many key players of this market are based in Europe and North America. In North America, the most important country-specific markets are the United States of America (USA) and Canada, followed by the rest of North America. The USA is the strongest economy in North America. In Europe, the significant country-specific markets are France, Germany, Italy, and the United Kingdom (UK), followed by the rest Of Europe.
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Table of Contents
1 Executive Summary
2 Research Methodology
3 Market Dynamics
4 Global Automotive Engine Market, By Placement
5 Global Automotive Engine Market, By Fuel
6 Global Automotive Engine Market, By Vehicle
7 Regional Market Analysis
8 Competition Analysis
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