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Automotive Engine - Global Market Trajectory & Analytics

  • ID: 4804421
  • Report
  • April 2021
  • Region: Global
  • 288 Pages
  • Global Industry Analysts, Inc
Global Automotive Engine Market to Reach $108.7 Billion by 2027

Amid the COVID-19 crisis, the global market for Automotive Engine estimated at US$77.8 Billion in the year 2020, is projected to reach a revised size of US$108.7 Billion by 2027, growing at a CAGR of 4.9% over the analysis period 2020-2027. L4, one of the segments analyzed in the report, is projected to record a 5.3% CAGR and reach US$51.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the L6 segment is readjusted to a revised 4.4% CAGR for the next 7-year period.



The U.S. Market is Estimated at $21.1 Billion, While China is Forecast to Grow at 7.5% CAGR

The Automotive Engine market in the U.S. is estimated at US$21.1 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$22.3 Billion by the year 2027 trailing a CAGR of 7.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.7% and 4.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3% CAGR.

V6 Segment to Record 5.2% CAGR

In the global V6 segment, USA, Canada, Japan, China and Europe will drive the 4.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$14.7 Billion in the year 2020 will reach a projected size of US$20.3 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$14.5 Billion by the year 2027, while Latin America will expand at a 6.4% CAGR through the analysis period.

Select Competitors (Total 42 Featured):
  • AB Volvo
  • BMW Group (Bayerische Motoren Werke AG)
  • Bugatti Automobiles S.A.S
  • Cummins, Inc.
  • Eicher Motors Ltd.
  • Fiat SpA
  • Ford Motor Company
  • General Motors Company
  • Honda Motor Co., Ltd.
  • Hyundai Motor Company
  • Jaguar Land Rover Limited
  • MAHLE Powertrain Ltd
  • Mercedes-Benz
  • Mitsubishi Heavy Industries Ltd.
  • Scania AB
  • Suzuki Motor Corporation
  • Toyota Motor Corporation
  • Volkswagen Group
  • Yamaha Motor Co., Ltd.
Frequently Asked Questions about the Global Market for Automotive Engine

What is the estimated value of the Global Market for Automotive Engine?

The Global Market for Automotive Engine was estimated to be valued at $77.8 Billion in 2020.

What is the growth rate of the Global Market for Automotive Engine?

The growth rate of the Global Market for Automotive Engine is 4.9%, with an estimated value of $108.7 Billion by 2027.

What is the forecasted size of the Global Market for Automotive Engine?

The Global Market for Automotive Engine is estimated to be worth $108.7 Billion by 2027.
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY
  • Influencer Market Insights
  • World Market Trajectories
  • Automotive Engine: An Industry Overview
  • North American Automotive Engine Market: An Insight
  • Asia-Pacific Leading the Automotive Engine Market
  • Automotive Industry: An Insider
  • Impact of Covid-19 and a Looming Global Recession
  • Adoption of New Engine Technologies Drive the Market
  • Rising Investments to Build Superior Emission Control Equipment: A New Trend among Manufacturers
  • Engine Downsizing Regulations Plays a Major Role in Escalating the Market Demand
  • Increase in Vehicle Production Drives Demand for Engines
  • Exhibit 1: Global Automotive Market: Volume Production by Vehicle Type (In Million Units)
  • Demand for High Power and High Torque Engines Propels the Market
  • High Aftermarket Cost: A Major Constraint
  • Higher Research & Development Costs for Engine and Engine Mounts Hampers the Market
  • Rise in Demand for Electric Vehicles Slows Down Market Growth
  • Strict Government Norms for Reducing Carbon Footprint: A Major Challenge
  • PRODUCT OVERVIEW
  • Automotive Engine: A Definition
  • History
  • Types of Engines
III. MARKET ANALYSIS

IV. COMPETITION
  • Total Companies Profiled: 42
Note: Product cover images may vary from those shown
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