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The Automotive Engine Market Size was valued at USD 99.81 Billion in 2023 and is expected to reach USD 127.96 Billion by 2032 and grow at a CAGR of 2.82% over the forecast period 2024-2032.
The automotive engine market is presently undergoing change with the impetus being advanced technologies, government regulations, and changing consumer preferences toward fuel-efficient as well as environmentally friendly automobiles. The rising popularity of electric vehicles (EVs), hybrid engines, and alternative fuel technologies result in a historical transition of the old internal combustion engine (ICE) towards more environmentally sustainable alternatives.
Among the recent government policies that are critically influencing future automotive engine prospects is the reduction of carbon emissions. Recently, in the United States, a focal point has been raised with the Inflation Reduction Act of 2022, which promotes a shift to electric vehicles while providing the tax incentives to encourage manufacturers into cleaner engine technologies. It also places significant investment in charging infrastructure for electric vehicles, thus supporting this transition from ICE vehicles. Similarly, the European Union implemented new standards for CO2 emissions, phasing out ICE vehicles to end before 2035.
For example, in China and Japan, on top of electric engines, hydrogen-powered engines also play a significant role. China is the world's biggest EV market and is presently focusing on augmenting domestic production capacity. Meanwhile, Japan is forging ahead with research in hydrogen fuel cell engines. Efforts by governments are thus pushing the automotive market forward into a low-emission future, prompting demand upward for innovative engine technologies.
Major developments are on the agenda in terms of engine technology for the automotive industry that will control the future of the market. Electric engines and hybrid powertrains, together with progressions in battery ability and charging speed, will enjoy high efficiency with systems that recover energy. Hydrogen fuel cells are also coming forward as an alternative clean source of energy, particularly in markets such as Japan and Germany, which are intensifying their focus on zero-emission vehicles. Advances in turbocharging technology are enhancing fuel economy for the conventional ICE, so that this mode of power generation also stays competitive despite very high regulation.
KEY DRIVERS:
Strong government regulation on emissions is increasing the demand for cleaner engines.
Some of the key impulses for a more modern engine in the global automobile industry are strong government regulations on emissions. For example, the U.S-imposed Corporate Average Fuel Economy or CAFE standards mandate automakers to improve fuel efficiency and curtail GHG emissions from vehicles. Euro 6d NOx emissions standards will cap the European Union's NOx emissions, forcing manufacturers to adapt to cleaner, more efficient engines. These regulations make manufacturers design hybrid or electric engines or better ICEs by adopting technologies such as turbocharging, downsizing, and direct injection. Such regulations do not only increase R&D investments but also allow consumers to buy vehicles according to the regulations they wish.
Increasing demand by consumers for fuel-efficient vehicles increase innovation in the engine.
Increasing fuel prices along with increasing awareness about the responsible usage of fuel to the environment is raising the level of demand among consumers to seek more fuel-efficient vehicles. It is making the car makers invest in advanced engine technologies. According to a US Department of Energy report, more than 60% of the new-car buyers all around the US considered fuel efficiency as an essential buying criterion for them during 2023. Hybrid engines, which both deliver performance and fuel efficiency, are proving to be very popular among the customers. The stop-start technology and lightweight materials in the engines have been gaining popularity as of late due to fuel consumption and emission cuts. With the desire for mileage and relatively low running cost, advancements in engine solutions keep on growing, especially in regions of Europe as the rates for fuel are very high.
RESTRAINTS
High expense in developing advanced engine technologies limits its adoption.
Developing high-tech engine technologies, especially for reduced emissions and increased efficiency, involves significant R&D costs. Considerable investment has to be made by the automobile companies on new technologies such as turbocharging, direct injection, and hybrid-electric systems, which are considered a must for meeting the strict regulations and requirements. For example, aligning U.S. Emission Standards with CAFE requirements might require automakers to retool production lines and thoroughly test new powertrains at an expense running into billions of dollars.
Center for Automotive Research (CAR) estimates that the next round of regulations in the United States could add about USD 1,000 to the manufacturing cost of each vehicle. Hybrid and electric engines also require significant investments in battery technology and charging infrastructure, which consequently increases the cost. Such high expenses discourage small auto manufacturers from implementing such sophisticated technology. Permeation of electric and hybrid engines may thus be restricted, especially in developing markets with higher sensitivity of price. Therefore, where the large automobile companies may afford to bear such costs, the market will not easily embrace the technological advancements of new engine technologies because it is expensive.
KEY SEGMENTATION ANALYSIS
BY VEHICLE TYPE
Passenger Cars were the market leaders in 2023, making up 64% of the total market share. This is mainly because of the increasing demand for personal mobility solutions worldwide, but more importantly in the developing economies of Asia Pacific and Latin America, where there is an increasing tendency towards middle-class buying. These factors have boosted the high demand for passenger car engines, innovations in passenger car technology, which include fuel-efficient turbocharged ICEs and hybrid-electric systems. Moreover, consumer preference towards low emitting with better fuel economy has further consolidated passenger cars in the market.
Commercial Vehicles is expected to remain the growth leader during the forecast period 2024-2032, with a compound annual growth rate (CAGR) of 3.50%. This is because efficient transport solutions for goods and services, more specifically at an urban level, is gaining importance. High investment in infrastructure and transportation services by governments increases the demand for commercial vehicles in which advanced engines provide better fuel efficiency and zero emission capabilities. Additionally, electrical commercial fleet mainly logistics sector is another promising opportunity in this market.
The In-line Engine segment dominated the market in 2023 by taking 45%. Since in-line engines are more simple, cost-effective, and efficient to run, these engines are obviously very popular. A compact design helps in achieving a better fuel efficiency, proves relatively easier to maintain, and proves especially advantageous for manufacturers interested in large-scale production of small to middle-sized passenger vehicles. Moreover, in-line engines are cheaper to manufacture and hence are loved by all those manufacturers who intend to produce the best product at a price as low as possible yet would cover a wide range of consumers.
However, the W Engine segment is expected to grow at the fastest CAGR of 3.20% during the forecast period from 2024 to 2032. W engines, with their distinctive layout that allows for more cylinders and higher power output in a compact design, are increasingly being found in luxury and high-performance vehicles. Other brands like Volkswagen and Bugatti have exemplified the use of W engines in all the top-tier products. This is factored into play because consumer demand is seeking high-performance automobiles, particularly luxury and sports cars, and the W engine is expected to continue at an exponential scale.
In the year 2023, North America was the largest automotive engine market, accounting for 32%. This is primarily due to higher demand for advanced technologies in vehicles and other hybrid or electric engines, along with robust governmental support to reduce pollution. The U.S. Department of Energy, along with its counterparts, has been aggressively promoting the adoption of cleaner vehicle technologies in the region. This has led to an increased market for traditional and alternative powertrains. Consumer preference toward larger, high-performance vehicles in North America has also led to increased demand for advanced ICEs and hybrid-electric engines.
Asia Pacific is also expected to emerge as the greatest growth market in the near term with an estimated CAGR of 4.19% during the period 2024 to 2032. Rapid urbanization and growing middle-class populations in China, India, and Japan are driving demands for passenger and commercial vehicles. Government incentives for the purchase of electric vehicles, especially in China and Japan, are going to take this region's automotive engine market forward further in the near term.
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Some of the major players in the Automotive Engine Market are
Toyota Motor Corporation (Hybrid engines, Hydrogen fuel cell engines)
Ford Motor Company (EcoBoost engines, Hybrid-electric engines)
General Motors (Electric motors, V8 engines)
Honda Motor Co., Ltd. (Hybrid engines, VTEC engines)
Volkswagen AG (W engines, TSI engines)
BMW AG (TwinPower Turbo engines, M Hybrid engines)
Daimler AG (BlueEfficiency engines, Electric motors)
Hyundai Motor Company (Smartstream engines, Hydrogen fuel cell engines)
Nissan Motor Co., Ltd. (e-POWER engines, V6 engines)
Fiat Chrysler Automobiles (Pentastar V6 engines, HEMI engines)
Volvo Group (Hybrid-electric engines, D13 Turbo Compound engines)
Mitsubishi Motors Corporation (MIVEC engines, Hybrid powertrains)
Mazda Motor Corporation (SKYACTIV engines, Rotary engines)
Tata Motors (Revotron engines, Electric powertrains)
Renault Group (E-Tech Hybrid engines, Turbocharged engines)
Peugeot S.A. (PureTech engines, Hybrid powertrains)
Suzuki Motor Corporation (Hybrid engines, K-Series engines)
Subaru Corporation (BOXER engines, Hybrid powertrains)
Ferrari N.V. (V12 engines, Hybrid-electric engines)
Tesla, Inc. (Electric powertrains, Plaid powertrain)
May 2024: Each of the three companies - Subaru Corporation (Subaru), Toyota Motor Corporation (Toyota), and Mazda Motor Corporation (Mazda) - aimed at developing new engines tailored to their own strategy on electrification and carbon-neutral targets. The new engines developed by each of the three companies will be optimized for excellent integration with motors, batteries, and other electric drive units while changing the packaging of vehicles through compact engines and decarbonizing internal combustion engines by equipping them with different types of CN fuels.
August 2024: Daimler India Commercial Vehicles today announced the launch of new products in the BharatBenz range of heavy-duty trucks into the Indian market. The new range of trucks comes with new payload applications like bitumen, bulker, Petroleum, Oil and Lubricants (POL) in addition to various existing payload applications. The heavy-duty Rigid range will be available in 2826R (6x2), 3526R (8x2), 3832R (8x2), 4232R (10x2) and 4832R (10x2) configurations.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 99.81 Billion |
| Market Size by 2032 | US$ 127.96 Billion |
| CAGR | CAGR of 2.82% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Placement Type (In-line Engine, V-type Engine, W Engine) •By Fuel Type (Gasoline, Diesel, Electric, Others) •By Vehicle Type (Passengers Car, Commercial Vehicle) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | Toyota Motor Corporation, Ford Motor Company, General Motors, Honda Motor Co., Ltd., Volkswagen AG, BMW AG, Daimler AG, Hyundai Motor Company, Nissan Motor Co., Ltd., Fiat Chrysler Automobiles, Volvo Group, Mitsubishi Motors Corporation, Mazda Motor Corporation, Tata Motors, Renault Group, Peugeot S.A., Suzuki Motor Corporation, Subaru Corporation, Ferrari N.V., Tesla, Inc. |
| Key Drivers | • Strong government regulation on emissions is increasing the demand for cleaner engines. • Increasing demand by consumers for fuel-efficient vehicles increase innovation in the engine. |
| Restraints | • High expense in developing advanced engine technologies limits its adoption. |
Ans: The Automotive Engine Market is expected to grow at a CAGR of 2.82% during 2024-2032.
Ans: Automotive Engine Market size was USD 99.81 Billion in 2023 and is expected to Reach USD 127.96 Billion by 2032.
Ans: The major growth factors of the Automotive Engine Market are Strong Government Regulation on Emissions and Increasing Demand by Consumers for Fuel-Efficient Vehicles.
Ans: The In-line Engine segment dominated the Automotive Engine Market.
Ans: North America dominated the Automotive Engine Market in 2023.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 PESTLE Analysis
4.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Vehicle Production and Sales Volumes, 2020-2032, by Region
5.2 Emission Standards Compliance, by Region
5.3 Vehicle Technology Adoption, by Region
5.4 Consumer Preferences, by Region
5.5 Aftermarket Trends (Data on vehicle maintenance, parts, and services)
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and Supply Chain Strategies
6.4.3 Expansion plans and new product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Automotive Engine Market Segmentation, By Placement Type
7.1 Chapter Overview
7.2 In-line Engine
7.2.1 In-line Engine Market Trends Analysis (2020-2032)
7.2.2 In-line Engine Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 V-type Engine
7.3.1 V-type Engine Market Trends Analysis (2020-2032)
7.3.2 V-type Engine Market Size Estimates and Forecasts to 2032 (USD Billion)
7.4 W Engine
7.4.1 W Engine Market Trends Analysis (2020-2032)
7.4.2 W Engine Market Size Estimates and Forecasts to 2032 (USD Billion)
8. Automotive Engine Market Segmentation, By Fuel Type
8.1 Chapter Overview
8.2 Gasoline
8.2.1 Gasoline Market Trends Analysis (2020-2032)
8.2.2 Gasoline Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3 Diesel
8.3.1 Diesel Market Trends Analysis (2020-2032)
8.3.2 Diesel Market Size Estimates and Forecasts to 2032 (USD Billion)
8.4 Electric
8.4.1 Electric Market Trends Analysis (2020-2032)
8.4.2 Electric Market Size Estimates and Forecasts to 2032 (USD Billion)
8.5 Others
8.5.1 Others Market Trends Analysis (2020-2032)
8.5.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
9. Automotive Engine Market Segmentation, By Vehicle Type
9.1 Chapter Overview
9.2 Passengers Car Search
9.2.1 Passengers Car Search Market Trends Analysis (2020-2032)
9.2.2 Passengers Car Search Market Size Estimates and Forecasts to 2032 (USD Billion)
9.3 Commercial Vehicle
9.3.1 Commercial Vehicle Market Trends Analysis (2020-2032)
9.3.2 Commercial Vehicle Market Size Estimates and Forecasts to 2032 (USD Billion)
10. Regional Analysis
10.1 Chapter Overview
10.2 North America
10.2.1 Trends Analysis
10.2.2 North America Automotive Engine Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.2.3 North America Automotive Engine Market Estimates and Forecasts, By Vehicle Type (2020-2032) (USD Billion)
10.2.4 North America Automotive Engine Market Estimates and Forecasts, By Placement Type (2020-2032) (USD Billion)
10.2.5 North America Automotive Engine Market Estimates and Forecasts, By Fuel Type (2020-2032) (USD Billion)
10.2.6 USA
10.2.6.1 USA Automotive Engine Market Estimates and Forecasts, By Vehicle Type (2020-2032) (USD Billion)
10.2.6.2 USA Automotive Engine Market Estimates and Forecasts, By Placement Type (2020-2032) (USD Billion)
10.2.6.3 USA Automotive Engine Market Estimates and Forecasts, By Fuel Type (2020-2032) (USD Billion)
10.2.7 Canada
10.2.7.1 Canada Automotive Engine Market Estimates and Forecasts, By Vehicle Type (2020-2032) (USD Billion)
10.2.7.2 Canada Automotive Engine Market Estimates and Forecasts, By Placement Type (2020-2032) (USD Billion)
10.2.7.3 Canada Automotive Engine Market Estimates and Forecasts, By Fuel Type (2020-2032) (USD Billion)
10.2.8 Mexico
10.2.8.1 Mexico Automotive Engine Market Estimates and Forecasts, By Vehicle Type (2020-2032) (USD Billion)
10.2.8.2 Mexico Automotive Engine Market Estimates and Forecasts, By Placement Type (2020-2032) (USD Billion)
10.2.8.3 Mexico Automotive Engine Market Estimates and Forecasts, By Fuel Type (2020-2032) (USD Billion)
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Trends Analysis
10.3.1.2 Eastern Europe Automotive Engine Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.3.1.3 Eastern Europe Automotive Engine Market Estimates and Forecasts, By Vehicle Type (2020-2032) (USD Billion)
10.3.1.4 Eastern Europe Automotive Engine Market Estimates and Forecasts, By Placement Type (2020-2032) (USD Billion)
10.3.1.5 Eastern Europe Automotive Engine Market Estimates and Forecasts, By Fuel Type (2020-2032) (USD Billion)
10.3.1.6 Poland
10.3.1.6.1 Poland Automotive Engine Market Estimates and Forecasts, By Vehicle Type (2020-2032) (USD Billion)
10.3.1.6.2 Poland Automotive Engine Market Estimates and Forecasts, By Placement Type (2020-2032) (USD Billion)
10.3.1.6.3 Poland Automotive Engine Market Estimates and Forecasts, By Fuel Type (2020-2032) (USD Billion)
10.3.1.7 Romania
10.3.1.7.1 Romania Automotive Engine Market Estimates and Forecasts, By Vehicle Type (2020-2032) (USD Billion)
10.3.1.7.2 Romania Automotive Engine Market Estimates and Forecasts, By Placement Type (2020-2032) (USD Billion)
10.3.1.7.3 Romania Automotive Engine Market Estimates and Forecasts, By Fuel Type (2020-2032) (USD Billion)
10.3.1.8 Hungary
10.3.1.8.1 Hungary Automotive Engine Market Estimates and Forecasts, By Vehicle Type (2020-2032) (USD Billion)
10.3.1.8.2 Hungary Automotive Engine Market Estimates and Forecasts, By Placement Type (2020-2032) (USD Billion)
10.3.1.8.3 Hungary Automotive Engine Market Estimates and Forecasts, By Fuel Type (2020-2032) (USD Billion)
10.3.1.9 Turkey
10.3.1.9.1 Turkey Automotive Engine Market Estimates and Forecasts, By Vehicle Type (2020-2032) (USD Billion)
10.3.1.9.2 Turkey Automotive Engine Market Estimates and Forecasts, By Placement Type (2020-2032) (USD Billion)
10.3.1.9.3 Turkey Automotive Engine Market Estimates and Forecasts, By Fuel Type (2020-2032) (USD Billion)
10.3.1.10 Rest of Eastern Europe
10.3.1.10.1 Rest of Eastern Europe Automotive Engine Market Estimates and Forecasts, By Vehicle Type (2020-2032) (USD Billion)
10.3.1.10.2 Rest of Eastern Europe Automotive Engine Market Estimates and Forecasts, By Placement Type (2020-2032) (USD Billion)
10.3.1.10.3 Rest of Eastern Europe Automotive Engine Market Estimates and Forecasts, By Fuel Type (2020-2032) (USD Billion)
10.3.2 Western Europe
10.3.2.1 Trends Analysis
10.3.2.2 Western Europe Automotive Engine Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.3.2.3 Western Europe Automotive Engine Market Estimates and Forecasts, By Vehicle Type (2020-2032) (USD Billion)
10.3.2.4 Western Europe Automotive Engine Market Estimates and Forecasts, By Placement Type (2020-2032) (USD Billion)
10.3.2.5 Western Europe Automotive Engine Market Estimates and Forecasts, By Fuel Type (2020-2032) (USD Billion)
10.3.2.6 Germany
10.3.2.6.1 Germany Automotive Engine Market Estimates and Forecasts, By Vehicle Type (2020-2032) (USD Billion)
10.3.2.6.2 Germany Automotive Engine Market Estimates and Forecasts, By Placement Type (2020-2032) (USD Billion)
10.3.2.6.3 Germany Automotive Engine Market Estimates and Forecasts, By Fuel Type (2020-2032) (USD Billion)
10.3.2.7 France
10.3.2.7.1 France Automotive Engine Market Estimates and Forecasts, By Vehicle Type (2020-2032) (USD Billion)
10.3.2.7.2 France Automotive Engine Market Estimates and Forecasts, By Placement Type (2020-2032) (USD Billion)
10.3.2.7.3 France Automotive Engine Market Estimates and Forecasts, By Fuel Type (2020-2032) (USD Billion)
10.3.2.8 UK
10.3.2.8.1 UK Automotive Engine Market Estimates and Forecasts, By Vehicle Type (2020-2032) (USD Billion)
10.3.2.8.2 UK Automotive Engine Market Estimates and Forecasts, By Placement Type (2020-2032) (USD Billion)
10.3.2.8.3 UK Automotive Engine Market Estimates and Forecasts, By Fuel Type (2020-2032) (USD Billion)
10.3.2.9 Italy
10.3.2.9.1 Italy Automotive Engine Market Estimates and Forecasts, By Vehicle Type (2020-2032) (USD Billion)
10.3.2.9.2 Italy Automotive Engine Market Estimates and Forecasts, By Placement Type (2020-2032) (USD Billion)
10.3.2.9.3 Italy Automotive Engine Market Estimates and Forecasts, By Fuel Type (2020-2032) (USD Billion)
10.3.2.10 Spain
10.3.2.10.1 Spain Automotive Engine Market Estimates and Forecasts, By Vehicle Type (2020-2032) (USD Billion)
10.3.2.10.2 Spain Automotive Engine Market Estimates and Forecasts, By Placement Type (2020-2032) (USD Billion)
10.3.2.10.3 Spain Automotive Engine Market Estimates and Forecasts, By Fuel Type (2020-2032) (USD Billion)
10.3.2.11 Netherlands
10.3.2.11.1 Netherlands Automotive Engine Market Estimates and Forecasts, By Vehicle Type (2020-2032) (USD Billion)
10.3.2.11.2 Netherlands Automotive Engine Market Estimates and Forecasts, By Placement Type (2020-2032) (USD Billion)
10.3.2.11.3 Netherlands Automotive Engine Market Estimates and Forecasts, By Fuel Type (2020-2032) (USD Billion)
10.3.2.12 Switzerland
10.3.2.12.1 Switzerland Automotive Engine Market Estimates and Forecasts, By Vehicle Type (2020-2032) (USD Billion)
10.3.2.12.2 Switzerland Automotive Engine Market Estimates and Forecasts, By Placement Type (2020-2032) (USD Billion)
10.3.2.12.3 Switzerland Automotive Engine Market Estimates and Forecasts, By Fuel Type (2020-2032) (USD Billion)
10.3.2.13 Austria
10.3.2.13.1 Austria Automotive Engine Market Estimates and Forecasts, By Vehicle Type (2020-2032) (USD Billion)
10.3.2.13.2 Austria Automotive Engine Market Estimates and Forecasts, By Placement Type (2020-2032) (USD Billion)
10.3.2.13.3 Austria Automotive Engine Market Estimates and Forecasts, By Fuel Type (2020-2032) (USD Billion)
10.3.2.14 Rest of Western Europe
10.3.2.14.1 Rest of Western Europe Automotive Engine Market Estimates and Forecasts, By Vehicle Type (2020-2032) (USD Billion)
10.3.2.14.2 Rest of Western Europe Automotive Engine Market Estimates and Forecasts, By Placement Type (2020-2032) (USD Billion)
10.3.2.14.3 Rest of Western Europe Automotive Engine Market Estimates and Forecasts, By Fuel Type (2020-2032) (USD Billion)
10.4 Asia Pacific
10.4.1 Trends Analysis
10.4.2 Asia Pacific Automotive Engine Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.4.3 Asia Pacific Automotive Engine Market Estimates and Forecasts, By Vehicle Type (2020-2032) (USD Billion)
10.4.4 Asia Pacific Automotive Engine Market Estimates and Forecasts, By Placement Type (2020-2032) (USD Billion)
10.4.5 Asia Pacific Automotive Engine Market Estimates and Forecasts, By Fuel Type (2020-2032) (USD Billion)
10.4.6 China
10.4.6.1 China Automotive Engine Market Estimates and Forecasts, By Vehicle Type (2020-2032) (USD Billion)
10.4.6.2 China Automotive Engine Market Estimates and Forecasts, By Placement Type (2020-2032) (USD Billion)
10.4.6.3 China Automotive Engine Market Estimates and Forecasts, By Fuel Type (2020-2032) (USD Billion)
10.4.7 India
10.4.7.1 India Automotive Engine Market Estimates and Forecasts, By Vehicle Type (2020-2032) (USD Billion)
10.4.7.2 India Automotive Engine Market Estimates and Forecasts, By Placement Type (2020-2032) (USD Billion)
10.4.7.3 India Automotive Engine Market Estimates and Forecasts, By Fuel Type (2020-2032) (USD Billion)
10.4.8 Japan
10.4.8.1 Japan Automotive Engine Market Estimates and Forecasts, By Vehicle Type (2020-2032) (USD Billion)
10.4.8.2 Japan Automotive Engine Market Estimates and Forecasts, By Placement Type (2020-2032) (USD Billion)
10.4.8.3 Japan Automotive Engine Market Estimates and Forecasts, By Fuel Type (2020-2032) (USD Billion)
10.4.9 South Korea
10.4.9.1 South Korea Automotive Engine Market Estimates and Forecasts, By Vehicle Type (2020-2032) (USD Billion)
10.4.9.2 South Korea Automotive Engine Market Estimates and Forecasts, By Placement Type (2020-2032) (USD Billion)
10.4.9.3 South Korea Automotive Engine Market Estimates and Forecasts, By Fuel Type (2020-2032) (USD Billion)
10.4.10 Vietnam
10.4.10.1 Vietnam Automotive Engine Market Estimates and Forecasts, By Vehicle Type (2020-2032) (USD Billion)
10.4.10.2 Vietnam Automotive Engine Market Estimates and Forecasts, By Placement Type (2020-2032) (USD Billion)
10.4.10.3 Vietnam Automotive Engine Market Estimates and Forecasts, By Fuel Type (2020-2032) (USD Billion)
10.4.11 Singapore
10.4.11.1 Singapore Automotive Engine Market Estimates and Forecasts, By Vehicle Type (2020-2032) (USD Billion)
10.4.11.2 Singapore Automotive Engine Market Estimates and Forecasts, By Placement Type (2020-2032) (USD Billion)
10.4.11.3 Singapore Automotive Engine Market Estimates and Forecasts, By Fuel Type (2020-2032) (USD Billion)
10.4.12 Australia
10.4.12.1 Australia Automotive Engine Market Estimates and Forecasts, By Vehicle Type (2020-2032) (USD Billion)
10.4.12.2 Australia Automotive Engine Market Estimates and Forecasts, By Placement Type (2020-2032) (USD Billion)
10.4.12.3 Australia Automotive Engine Market Estimates and Forecasts, By Fuel Type (2020-2032) (USD Billion)
10.4.13 Rest of Asia Pacific
10.4.13.1 Rest of Asia Pacific Automotive Engine Market Estimates and Forecasts, By Vehicle Type (2020-2032) (USD Billion)
10.4.13.2 Rest of Asia Pacific Automotive Engine Market Estimates and Forecasts, By Placement Type (2020-2032) (USD Billion)
10.4.13.3 Rest of Asia Pacific Automotive Engine Market Estimates and Forecasts, By Fuel Type (2020-2032) (USD Billion)
10.5 Middle East and Africa
10.5.1 Middle East
10.5.1.1 Trends Analysis
10.5.1.2 Middle East Automotive Engine Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.5.1.3 Middle East Automotive Engine Market Estimates and Forecasts, By Vehicle Type (2020-2032) (USD Billion)
10.5.1.4 Middle East Automotive Engine Market Estimates and Forecasts, By Placement Type (2020-2032) (USD Billion)
10.5.1.5 Middle East Automotive Engine Market Estimates and Forecasts, By Fuel Type (2020-2032) (USD Billion)
10.5.1.6 UAE
10.5.1.6.1 UAE Automotive Engine Market Estimates and Forecasts, By Vehicle Type (2020-2032) (USD Billion)
10.5.1.6.2 UAE Automotive Engine Market Estimates and Forecasts, By Placement Type (2020-2032) (USD Billion)
10.5.1.6.3 UAE Automotive Engine Market Estimates and Forecasts, By Fuel Type (2020-2032) (USD Billion)
10.5.1.7 Egypt
10.5.1.7.1 Egypt Automotive Engine Market Estimates and Forecasts, By Vehicle Type (2020-2032) (USD Billion)
10.5.1.7.2 Egypt Automotive Engine Market Estimates and Forecasts, By Placement Type (2020-2032) (USD Billion)
10.5.1.7.3 Egypt Automotive Engine Market Estimates and Forecasts, By Fuel Type (2020-2032) (USD Billion)
10.5.1.8 Saudi Arabia
10.5.1.8.1 Saudi Arabia Automotive Engine Market Estimates and Forecasts, By Vehicle Type (2020-2032) (USD Billion)
10.5.1.8.2 Saudi Arabia Automotive Engine Market Estimates and Forecasts, By Placement Type (2020-2032) (USD Billion)
10.5.1.8.3 Saudi Arabia Automotive Engine Market Estimates and Forecasts, By Fuel Type (2020-2032) (USD Billion)
10.5.1.9 Qatar
10.5.1.9.1 Qatar Automotive Engine Market Estimates and Forecasts, By Vehicle Type (2020-2032) (USD Billion)
10.5.1.9.2 Qatar Automotive Engine Market Estimates and Forecasts, By Placement Type (2020-2032) (USD Billion)
10.5.1.9.3 Qatar Automotive Engine Market Estimates and Forecasts, By Fuel Type (2020-2032) (USD Billion)
10.5.1.10 Rest of Middle East
10.5.1.10.1 Rest of Middle East Automotive Engine Market Estimates and Forecasts, By Vehicle Type (2020-2032) (USD Billion)
10.5.1.10.2 Rest of Middle East Automotive Engine Market Estimates and Forecasts, By Placement Type (2020-2032) (USD Billion)
10.5.1.10.3 Rest of Middle East Automotive Engine Market Estimates and Forecasts, By Fuel Type (2020-2032) (USD Billion)
10.5.2 Africa
10.5.2.1 Trends Analysis
10.5.2.2 Africa Automotive Engine Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.5.2.3 Africa Automotive Engine Market Estimates and Forecasts, By Vehicle Type (2020-2032) (USD Billion)
10.5.2.4 Africa Automotive Engine Market Estimates and Forecasts, By Placement Type (2020-2032) (USD Billion)
10.5.2.5 Africa Automotive Engine Market Estimates and Forecasts, By Fuel Type (2020-2032) (USD Billion)
10.5.2.6 South Africa
10.5.2.6.1 South Africa Automotive Engine Market Estimates and Forecasts, By Vehicle Type (2020-2032) (USD Billion)
10.5.2.6.2 South Africa Automotive Engine Market Estimates and Forecasts, By Placement Type (2020-2032) (USD Billion)
10.5.2.6.3 South Africa Automotive Engine Market Estimates and Forecasts, By Fuel Type (2020-2032) (USD Billion)
10.5.2.7 Nigeria
10.5.2.7.1 Nigeria Automotive Engine Market Estimates and Forecasts, By Vehicle Type (2020-2032) (USD Billion)
10.5.2.7.2 Nigeria Automotive Engine Market Estimates and Forecasts, By Placement Type (2020-2032) (USD Billion)
10.5.2.7.3 Nigeria Automotive Engine Market Estimates and Forecasts, By Fuel Type (2020-2032) (USD Billion)
10.5.2.8 Rest of Africa
10.5.2.8.1 Rest of Africa Automotive Engine Market Estimates and Forecasts, By Vehicle Type (2020-2032) (USD Billion)
10.5.2.8.2 Rest of Africa Automotive Engine Market Estimates and Forecasts, By Placement Type (2020-2032) (USD Billion)
10.5.2.8.3 Rest of Africa Automotive Engine Market Estimates and Forecasts, By Fuel Type (2020-2032) (USD Billion)
10.6 Latin America
10.6.1 Trends Analysis
10.6.2 Latin America Automotive Engine Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.6.3 Latin America Automotive Engine Market Estimates and Forecasts, By Vehicle Type (2020-2032) (USD Billion)
10.6.4 Latin America Automotive Engine Market Estimates and Forecasts, By Placement Type (2020-2032) (USD Billion)
10.6.5 Latin America Automotive Engine Market Estimates and Forecasts, By Fuel Type (2020-2032) (USD Billion)
10.6.6 Brazil
10.6.6.1 Brazil Automotive Engine Market Estimates and Forecasts, By Vehicle Type (2020-2032) (USD Billion)
10.6.6.2 Brazil Automotive Engine Market Estimates and Forecasts, By Placement Type (2020-2032) (USD Billion)
10.6.6.3 Brazil Automotive Engine Market Estimates and Forecasts, By Fuel Type (2020-2032) (USD Billion)
10.6.7 Argentina
10.6.7.1 Argentina Automotive Engine Market Estimates and Forecasts, By Vehicle Type (2020-2032) (USD Billion)
10.6.7.2 Argentina Automotive Engine Market Estimates and Forecasts, By Placement Type (2020-2032) (USD Billion)
10.6.7.3 Argentina Automotive Engine Market Estimates and Forecasts, By Fuel Type (2020-2032) (USD Billion)
10.6.8 Colombia
10.6.8.1 Colombia Automotive Engine Market Estimates and Forecasts, By Vehicle Type (2020-2032) (USD Billion)
10.6.8.2 Colombia Automotive Engine Market Estimates and Forecasts, By Placement Type (2020-2032) (USD Billion)
10.6.8.3 Colombia Automotive Engine Market Estimates and Forecasts, By Fuel Type (2020-2032) (USD Billion)
10.6.9 Rest of Latin America
10.6.9.1 Rest of Latin America Automotive Engine Market Estimates and Forecasts, By Vehicle Type (2020-2032) (USD Billion)
10.6.9.2 Rest of Latin America Automotive Engine Market Estimates and Forecasts, By Placement Type (2020-2032) (USD Billion)
10.6.9.3 Rest of Latin America Automotive Engine Market Estimates and Forecasts, By Fuel Type (2020-2032) (USD Billion)
11. Company Profiles
11.1 Toyota Motor Corporation
11.1.1 Company Overview
11.1.2 Financial
11.1.3 Products/ Services Offered
11.1.4 SWOT Analysis
11.2 Ford Motor Company
11.2.1 Company Overview
11.2.2 Financial
11.2.3 Products/ Services Offered
11.2.4 SWOT Analysis
11.3 General Motors
11.3.1 Company Overview
11.3.2 Financial
11.3.3 Products/ Services Offered
11.3.4 SWOT Analysis
11.4 Honda Motor Co., Ltd
11.4.1 Company Overview
11.4.2 Financial
11.4.3 Products/ Services Offered
11.4.4 SWOT Analysis
11.5 Volkswagen AG
11.5.1 Company Overview
11.5.2 Financial
11.5.3 Products/ Services Offered
11.5.4 SWOT Analysis
11.6 BMW AG
11.6.1 Company Overview
11.6.2 Financial
11.6.3 Products/ Services Offered
11.6.4 SWOT Analysis
11.7 Daimler AG
11.7.1 Company Overview
11.7.2 Financial
11.7.3 Products/ Services Offered
11.7.4 SWOT Analysis
11.8 Hyundai Motor Company
11.8.1 Company Overview
11.8.2 Financial
11.8.3 Products/ Services Offered
11.8.4 SWOT Analysis
11.9 Nissan Motor Co., Ltd
11.9.1 Company Overview
11.9.2 Financial
11.9.3 Products/ Services Offered
11.9.4 SWOT Analysis
11.10 Fiat Chrysler Automobiles
11.10.1 Company Overview
11.10.2 Financial
11.10.3 Products/ Services Offered
11.10.4 SWOT Analysis
12. Use Cases and Best Practices
13. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
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Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
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KEY MARKET SEGMENTATION
BY PLACEMENT TYPE
In-line Engine
V-type Engine
W Engine
BY FUEL TYPE
Gasoline
Diesel
Electric
Others
BY VEHICLE TYPE
Passenger Car
Commercial Vehicle
Request for Segment Customization as per your Business Requirement: Segment Customization Request
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Request for Country Level Research Report: Country Level Customization Request
Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Product Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Product Matrix which gives a detailed comparison of product portfolio of each company
Geographic Analysis
Additional countries in any of the regions
Company Information
Detailed analysis and profiling of additional market players (Up to five)
The Hybrid Train Market Size was valued at USD 21.9 billion in 2023 and is expected to reach $41.28 billion by 2032 and grow at a CAGR of 7.3% by 2024-2032
The Electric Vehicle Charging Infrastructure Market Size was $25.8 billion in 2023 & will reach $199.25 bn by 2032 & grow at a CAGR of 25.5% by 2024-2032
The Automotive Terminal Market size was valued at USD 22.86 billion in 2023 and is expected to reach USD 55.69 billion by 2032 and grow at a CAGR of 10.4% over the forecast period 2024-2032.
The Electric Vehicle Connector Market Size was recorded at USD 2.08 billion in 2023 and is expected to reach USD 17.8 billion by 2032, growing at a CAGR of 27% over the forecast period 2024-2032.
The Automotive Sensors Market Size was valued at USD 26 billion in 2023 and is expected to reach USD 44.67 billion by 2031 and grow at a CAGR of 7% over the forecast period 2024-2031.
The Off-Road Vehicles Market Size was valued at USD 22.9 billion in 2023 and will reach to USD 37.07 billion by 2032 and grow at a CAGR of 5.5% by 2024-2032
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