Global Automotive Engine Market Size, Share, Trends, COVID-19 Impact and Growth Research Report - Segmented By Placement (In-Line Engine and V-Type Engine), Vehicle Type (Passenger, LCV, HCV), Fuel (Gasoline, Diesel and Others) And By Region (North America, South America, Asia-Pacific, Europe, Africa and Middle East) – Industry Analysis From 2024 to 2032

Updated On: June, 2024

ID: 8592

Pages: 170

Global Automotive Engine Market Size (2024 to 2032)

The global automotive engine market was valued at USD 100.48 billion in 2032 and is anticipated to reach USD 103.32 billion in 2032, growing at a CAGR of 2.83% during the forecast period 2024 to 2032.

With the arrival of the latest technological advances, the motor vehicle market should experience substantial growth. Due to factors such as strict regulatory standards for fuel economy and increasing demand for advanced technology engines for the best performance of vehicles. Besides, the increase in disposable income can also be attributed to growth in the car engine market, which will result in consumers spending more on high-end cars and commercial vehicles.

Market Drivers and Restraints

The growing demand for construction equipment and auxiliary power offers many opportunities for growth in the market. The growth of the diesel engine market is poised to expand due to technological proliferation and rising gas prices. Massive investments in the mining and construction industries are also expected to stimulate market demand over the next few years. Increased penetration in several application areas, including construction, automobiles, energy, gas, etc., is expected to have an additional impact on the growth of the diesel engine market over the forecast period. Problems such as the high-cost diesel engine can hinder market growth over the forecast period.

REPORT COVERAGE

REPORT METRIC	DETAILS
Market Size Available	2023 to 2032
Base Year	2023
Forecast Period	2024 to 2032
CAGR	2.83%
Segments Covered	By Placement, Vehicle Type, Flue, and Region.
Various Analyses Covered	Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities
Regions Covered	North America, Europe, APAC, Latin America, Middle East & Africa
Market Leaders Profiled	AGCO Corporation, FAW China Group, Bosch, Deere & Company, Continental AG, Delphi Automotive, Mitsubishi Heavy Industries, Ford Motors, General Motors, MAN SE, and Others.

SEGMENT ANALYSIS

Automotive Engine Market Analysis By Placement

In-Line Engine
V-Type Engine

Automotive Engine Market Analysis By Vehicle Type

Passenger
LCV
HCV

Automotive Engine Market By Fuel

Gasoline
Diesel

REGIONAL ANALYSIS

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

KEY MARKET PLAYERS

AGCO Corporation, FAW China Group, Bosch, Deere & Company, Continental AG, Delphi Automotive, Mitsubishi Heavy Industries, Ford Motors, General Motors, MAN SE. These are the market players that are dominated the global automotive engine market.

RECENT HAPPENINGS IN THE GLOBAL AUTOMOTIVE ENGINE MARKET

In January 2018, the state of Alabama announced that all Alabama auto workers had built nearly 1.6 million engines in 2018 for Hyundai, Honda, Toyota, and Navistar. Hyundai Motor Manufacturing Alabama produced 597,313 engines in 2018, Honda 356,439, and 629,386 engines in 2018.
On January 19, 2019, General Motors announced that it could invest $ 22 million in its manufacturing facility in Spring Hill, Tennessee to manufacture 6.2-liter V8 engines with Dynamic Management Technology. GM fuel (GMF). DFM, as the industry's first cylinder deactivation technology, allows engines to run on 17 different cylinder models to optimize performance, leaving only the cylinders needed to deliver the desired power.