Automotive emissions, which accounted to over 25% of the overall greenhouse emissions, rang alarms globally. This subsequently resulted in regulations, requiring the automakers to cut down emissions of their produce. Further, EPA and CAFE standards became more stringent, levying heavy fines on automakers that don’t reach the standard mpg levels. These factors as a whole, forced the automakers to develop better automobiles with lesser emissions and better fuel efficiency. This acted as a major propellant for the global automotive engine market. High costs, long durations for R&D of new concepts and economic crisis, acted as major barriers for the market growth. However, on the bright side, growing automotive sector in developing countries, increasing vehicle owing households and advancements in tensile alloys are few of the major factors, opening up new prospects for the automotive engine market.
Engine downsizing trends are on the rise with automakers developing smaller engines with better fuel injection systems. L4 and V6 engines dominated the automotive engine market by placement type in 2015. Passenger cars vehicle type is expected to continue its dominance as the major vehicle type in the market. Gasoline and diesel engines accounted to over 60% of the overall market, by fuel type. However, due fluctuating oil prices, and growing environmental concern among the public & governments, the market for other engines such as hybrid and natural gas would witness a higher growth rate till 2020.
The industry in North America and Asia pacific regions dominated the global automotive engine market in terms of revenue, with a share of over 40% in 2015. Asia pacific region, in the light of India, Japan and China growing as global automotive manufacture hubs, is expected to continue as a major market for automotive engines during the forecasted period. Germany, with its innovative and technologically advanced automotive industry, is expected to witness higher CAGR for the former market, within European countries. Mexico is on the verge of becoming a major market for automotive engines, while Russia and Australia are expected to witness slower growth rates in the sector, over the coming 5 years.
The global automotive engine market has been segmented by position type (in-line, V-type, others), by fuel type (gasoline, diesel, others) by vehicle type (passenger cars, LCV, HCV) and by geography (North America, Europe, Asia Pacific, Latin America, Africa & Middle-East). Major OEMs and automakers are now trying to come up with lighter engines by employing aluminium and magnesium die cast components. Further, extensive R&D spending is in place for developing engines of high fuel efficiency and lower emissions. Cummins Inc., For Motor Company, Volkswagen, Volvo and Fiat S.P.A are some of the key players in the market.
WHAT THE REPORT OFFERS
Market Definition along with identification of key drivers and restraints for the market.
Market analysis with country specific assessments and competition analysis in the Global Automotive Engine Market.
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies, which can influence the market on the regional scale and at the country level.
Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market shares.
Identification and analysis of the Macro and Micro factors that affect the industry on both at the regional level and at the country level.
1.1 Research Methodology
1.2 Key Findings of the Study
2. EXECUTIVE SUMMARY
3. MARKET OVERVIEW AND TECHNOLOGY TRENDS
3.2 Technology Trends
3.3 Porter's Five Forces Framework
3.3.1 Bargaining Power of Suppliers
3.3.2 Bargaining Power of Consumers
3.3.3 Threat of New Entrants
3.3.4 Threat of Substitute Products and Services
3.3.5 Competitive Rivalry within the industry
4. MARKET DYNAMICS
5. GLOBAL AUTOMOTIVE ENGINE MARKET, BY PLACEMENT TYPE (Growth, Innovations and Durability)
5.1 In-line Engines
5.3 Other Engine Types
6. GLOBAL AUTOMOTIVE ENGINE MARKET, BY VEHICLE TYPE (Growth, Trends and Forecasts)
6.1 Passenger Car
7. GLOBAL AUTOMOTIVE ENGINE MARKET, BY FUEL TYPE (Market Crackdown, Trends and Forecasts)
7.1 Gasoline (Petrol)
8. GLOBAL AUTOMOTIVE ENGINE MARKET, BY GEOGRAPHY (Country wise trends)
8.1 North America (NA)
8.1.2 United States
8.1.4 Rest of North America
8.2 Europe (EU)
8.2.7 Rest of Europe
8.3 Asia-Pacific (APAC)
8.3.6 South Korea
8.3.7 Rest of Asia-Pacific
8.4 Middle-East and Africa (MEA)
8.4.2 South Africa
8.4.3 Saudi Arabia
8.4.5 Rest of the MEA
8.5 Latin America
8.5.5 Rest of Latin America
9. COMPETITIVE LANDSCAPE
9.2 Market Share Analysis
9.3 Developments of Key players
10. KEY VENDOR ANALYSIS (Overview, Products & Services, Strategies)
10.1 AB Volvo
10.4 Cummins Inc.
10.5 Fiat S.P.A
10.6 Ford Motor Company
10.7 General Motors
10.9 Hyundai Motor Company
10.10 Jaguar Cars
10.11 Mahle Powertrain Ltd
10.12 Mazda Speed
10.14 Mitsubishi Heavy Industries
10.15 Scania AB
10.18 Volkswagen Group
10.19 Yamaha Corporation
10.20 Eicher Motors
11. FUTURE OUTLOOK OF THE MARKET