Automobile engine and parts manufacturers are companies that produce gasoline-powered engines and parts. The industry primarily consists of vertically integrated automobile manufacturers that produce their own engines, in addition to other large companies that provide engines to a variety of automobile manufacturers. The industry has experienced turbulence in recent years as COVID-19 wreaked havoc on operations. The industry is highly globalized, with larger companies operating facilities in a variety of countries. Trade restrictions forced these manufacturers to restructure their processes as shipping engines across the world wasn't viable. Poor economic conditions and a reduced need for travel following stay-at-home orders led many consumers to put vehicle-related purchases on the backburner. Profit has been significantly pressured by skyrocketing input costs, spurring many manufacturers to downsize. As a result, automobile engine and parts manufacturers' revenue has declined at a CAGR of 3.5% to $40.4 billion through the end of 2023, including a 0.7% drop in 2023 alone, when profit will reach 4.5%.Shifting gears: Continually rising inflation will cut into demand for engines and parts
Operators in this industry manufacture motor vehicle gasoline engines and related parts including valves, pistons, crankshafts, camshafts, fuel injectors and pumps. This industry does not include hybrid engines, electric vehicle motors or diesel engines.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
ABOUT THIS INDUSTRY
INDUSTRY PERFORMANCE
PRODUCTS & MARKETS
COMPETITIVE LANDSCAPE
OPERATING CONDITIONS
KEY STATISTICS
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Ford Motor Co
- Honda Motor Co Ltd
- Toyota Motor Corp
- General Motors Company
- Magna International Inc.
- MAHLE International GmbH
- Altra Industrial Motion Corp.
- Stellantis N.V.
- Agility Fuel Solutions
- Michigan Motor Exchange, Inc.
- S&J Engines Inc.
- Promar Precision Engine Rebuilders Inc.
- Texon Motor Center
Methodology
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