Automotive Engine Market Share, Opportunities, Industry 2031

Segments - Automotive Engine Market by Vehicle Types (Commercial Vehicle and Passenger Car), Fuel Types (Diesel, Gasoline, Ethanol, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East and Africa) - Global Industry Analysis, Growth, Shares, Size, Trends, and Forecast 2023– 2031

Author : Akash Vedpathak

Fact-checked by : Vineet Pandey

Editor : Shruti Bhat

Report Description

The Global Automotive Engine Market size was valued at USD 60.58 Billion in 2022 and is expected to surpass USD 69.27 Billion by 2031, expanding at a CAGR of 1.5% during the forecast period, 2023 – 2031. Growth of the market is attributed to increasing population, rising demand for lightweight and fuel-efficient engines, and increased demand for commercial vehicles.

The automotive engine is component that transforms chemical energy of fuel into mechanical energy. They drive various accessories such as power-steering pump, air-conditioning compressor, and various types of generators. The automotive engine contains a moving piston and a fixed cylinder. Increasing combustion gases drive the piston, which turns the crankshaft. After the piston compresses the fuel-air combination, it is ignited by spark, which result in producing combustion. The enlargement of the combustion gases drives the piston during the power stroke.

The covid-19 pandemic affected the demand and supply of the automotive engine market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.

Automotive Engine Market Trends, Drivers, Restraints, and Opportunities

Increasing demand for better engine performances is projected to boost the market.
Increasing investment in building emission control equipment is the major factor fueling the market.
Lockdown and travel restrictions across the world is projected to restrict the market expansion during the forecast period.
High maintenance cost of automated engines is anticipated to hamper the market growth in the coming years.
R&D investment and technological advancement in automotive engine market is projected to offer lucrative opportunities for the market players.

Scope of Automotive Engine Market Report

The report on the automotive engine market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Automotive Engine Market – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016-2021
Forecast Period	2023-2031
Segmentation	Vehicle Types [Commercial Vehicle and Passenger Car], Fuel Types [Diesel, Gasoline, Ethanol, and Others]
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East and Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players covered in the Report	Cummins, Inc., Bayerische Motoren Werke AG [BMW], Fiat S.p.A, Ford Motor Company, Honda Motor Co., Ltd., Jaguar Land Rover Limited, Mercedes-Benz, Scania AB, Toyota Motor Corporation, Yamaha Motor Co., Ltd., Suzuki Motor Corporation, Volkswagen Group, MHALE Powertrain Ltd, Hyundai Motor Company, General Motors Company, Bugatti Automobiles S.A.S, and Eicher Motors Ltd.

Automotive Engine Market Segment Insights

The gasoline segment is expected to grow at a rapid pace

Based on fuel types, the automotive engine market is segregated into diesel, gasoline, ethanol, and others. The gasoline segment accounts for a key share of the market. Growth of the market is attributed to rising disposable income and growing demand for technological advanced powered engines. However, the diesel segment is anticipated to expand at a rapid pace during the forecast period due to factors such as advancement in industrial development and increasing demand for commercial vehicles.

The passenger car segment accounts for a key share of the market

On the basis of vehicle types, the automotive engine market is segmented into commercial vehicle and passenger car. The passenger car segment accounts for a key share of the market. Growth of the market is attributed to increasing demand for light weight and fuel-efficient engines and rigid fuel economy. The commercial vehicle segment is anticipated to expand at a rapid pace during the forecast period due to factors such as increasing investment in building better emission control equipment, rising disposable income, and rapid urbanization.

The market in Asia pacific is anticipated to hold significant market share

On the basis of region, the automotive engine market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East and Africa. The market of North America is estimated to expand at a high CAGR during the forecast period due to increasing investment in building emission control equipment, advancement in industrial development and infrastructure, and rapid economic growth. The market of Asia Pacific is estimated to hold a major market share due to increasing population, rising demand for lightweight and fuel-efficient engines, and increased demand for commercial vehicles.

Segments

The automotive engine market has been segmented on the basis of

Vehicle Types

Commercial Vehicle
Passenger Car

Fuel Types

Diesel
Gasoline
Ethanol
Others

Region

Asia Pacific
North America
Latin America
Europe
Middle East and Africa

Key Players

Cummins, Inc.
Bayerische Motoren Werke AG [BMW]
Fiat S.p.A
Ford Motor Company
Honda Motor Co., Ltd.
Jaguar Land Rover Limited
Mercedes-Benz
Scania AB
Toyota Motor Corporation
Yamaha Motor Co., Ltd.
Suzuki Motor Corporation
Volkswagen Group
MHALE Powertrain Ltd
Hyundai Motor Company
General Motors Company
Bugatti Automobiles S.A.S
Eicher Motors Ltd

Competitive Landscape

Key players competing in the automotive engine market include Cummins, Inc., Bayerische Motoren Werke AG [BMW], Fiat S.p.A, Ford Motor Company, Honda Motor Co., Ltd., Jaguar Land Rover Limited, Mercedes-Benz, Scania AB, Toyota Motor Corporation, Yamaha Motor Co., Ltd., Suzuki Motor Corporation, Volkswagen Group, MHALE Powertrain Ltd, Hyundai Motor Company, General Motors Company, Bugatti Automobiles S.A.S, and Eicher Motors Ltd.

Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and to generate revenue and rise their production line of the business in the coming years.

Automotive Engine Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Automotive Engine Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Automotive Engine Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Automotive Engine Market - Supply Chain
  4.5. Global Automotive Engine Market Forecast
     4.5.1. Automotive Engine Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Automotive Engine Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Automotive Engine Market Absolute $ Opportunity
5. Global Automotive Engine Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Automotive Engine Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Automotive Engine Demand Share Forecast, 2019-2026
6. North America Automotive Engine Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Automotive Engine Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Automotive Engine Demand Share Forecast, 2019-2026
7. Latin America Automotive Engine Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Automotive Engine Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Automotive Engine Demand Share Forecast, 2019-2026
8. Europe Automotive Engine Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Automotive Engine Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Automotive Engine Demand Share Forecast, 2019-2026
9. Asia Pacific Automotive Engine Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Automotive Engine Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Automotive Engine Demand Share Forecast, 2019-2026
10. Middle East & Africa Automotive Engine Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Automotive Engine Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Automotive Engine Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Automotive Engine Market: Market Share Analysis
  11.2. Automotive Engine Distributors and Customers
  11.3. Automotive Engine Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)