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PUBLISHER: The Business Research Company | PRODUCT CODE: 1217383

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PUBLISHER: The Business Research Company | PRODUCT CODE: 1217383

Vehicle Engine And Engine Parts Global Market Report 2023

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“Vehicle Engine And Engine Parts Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on vehicle engine and engine parts market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
  • Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
  • Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for vehicle engine and engine parts ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The vehicle engine and engine parts market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Product Type: Vehicle Engines; Vehicle Engine Parts

2) By Fuel Type: Gasoline (Petrol); Diesel; Gas; Other Fuel Types

3) By Placement Type : In-line Engine, W Engine and V-Type

Companies Mentioned: Cummins; Toyota Motor; DENSO Corporation; Delphi Automotive PLC; Federal Mogul Corporation

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the vehicle engine and engine parts market are: Cummins, Toyota Motor, Denso Corporation, Delphi Automotive PLC, Federal-Mogul Corporation, Mahle GmbH, BMW AG, General Motors, Volkswagen AG, and Fiat Automobiles SpA.

The global vehicle engine and engine parts market will grow from $401.40 billion in 2022 to $438.55 billion in 2023 at a compound annual growth rate (CAGR) of 9.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services effecting many markets across the globe. The vehicle engine and engine parts market is expected to grow to $600.27 billion in 2027 at a CAGR of 8.2%.

The vehicle engine and engine parts market consist of sales of engine, transmission, driveshaft, axles, head, block, oil sump and differential. Values in this market are: 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The vehicle engine and engine parts are components that generates the power needed to propel a car or other vehicle.

Asia Pacific was the largest region in the vehicle engine and engine parts market in 2022. Western Europe was the second largest market in vehicle engine and engine parts market. The regions covered in the vehicle engine and engine parts market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The main types of vehicle engines and engine parts are vehicle engines and vehicle engine parts. Vehicle engines are referred to as the engines that are used for vehicles, and there are many engine propulsion systems involving the parts of the vehicle. The various placement types are In-line Engine, W Engine, and V-Type. The various fuel types are gasoline (petrol), diesel, gas, and other fuel types.

The growth of the vehicle engine and engine parts market is restricted by the growing popularity of electric vehicles all over the world. These battery-operated cars are not only easier to maintain but also do not contribute to air pollution. The popularity of the electric car market is backed up by several government initiatives, such as in Norway, where the drivers of zero-emissions cars are not only exempted from road tax but also exempted from 25% VAT on sales, reduced road and ferry tolls and parking costs, and access to bus lanes. the number of electric cars employed on the road reached 10 million in 2020. In 2021, According to mobi.com, China remained the world's largest car market . According to reports by the International Energy Agency (IEA), in 2021, electric car sales were more than doubled reaching 6.6 million, representing close to 9% of the global car market. With the increasing popularity of electric vehicles, the demand for engine-operated vehicles is negatively impacted, thus causing an overall fall in demand for the vehicle engine and engine parts market.

Declining sales in the automobile sector restrict the growth of the vehicle engine and engine parts market. The decline in demand for automobiles in various economies causes lower demand for new engines and engine parts manufacturers. According to the International Organization of Motor Vehicle Manufacturers, global car production fell by 16% in 2020 . In India, the Society of Indian Automobile Manufacturers said, there was decline in passenger car sales from 1,541,866 in 2021 to 1,467,056 units in 2022.

The companies operating in the vehicle engine and engine parts market are investing in improving the fuel efficiency of internal combustion engines. Manufacturers are producing engines that deliver more power and improve fuel economy. Improving the fuel efficiency of vehicle engines serves as an economical solution as well as reduces the emission of harmful pollutants into the air. For instance, to improve fuel efficiency, companies are investing in "" direct fuel injection"" technology in which the direct injection systems spray a fine mist of fuel directly into the cylinder, helping keep the engine's temperature down and increasing fuel efficiency. Also, as reported by the U.S Department of Energy, direct fuel injection can improve engine efficiency by 12%. Thus, with increased concerns for the environment and to provide a better value for money, companies operating in the market are investing more towards improving the fuel efficiency of the engines.

In May 2022, Melling Engine Parts, a US-based manufacturer of aftermarket oil pumps and related products, acquired Sigma Engineering for an undisclosed amount. Through this acquisition, Melling Engine Parts will focus on controlling their supply and quality. Sigma Engineering is a US-based diesel and gas engine parts company.

The countries covered in the vehicle engine and engine parts include: Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, USA, and Australia.

The market value is defined as the revenues that enterprises gain from goods and/or services sold within the specified market and geography through sales, grants, or donations in terms of currency (in USD ($) unless otherwise specified).

The revenues for a specified geography are consumption values - that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products.

The vehicle engine and engine parts market research report is one of a series of new reports from The Business Research Company that provides vehicle engine and engine parts market statistics, including global market size, regional shares, competitors with a vehicle engine and engine parts market share, detailed vehicle engine and engine parts market segments, market trends and opportunities, and any further data you may need to thrive in the vehicle engine and engine parts industry. This vehicle engine and engine parts market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

Product Code: r2491

Table of Contents

1. Executive Summary

2. Vehicle Engine And Engine Parts Market Characteristics

3. Vehicle Engine And Engine Parts Market Trends And Strategies

4. Vehicle Engine And Engine Parts Market - Macro Economic Scenario

4.1 COVID-19 Impact On Vehicle Engine And Engine Parts Market

4.2 Ukraine-Russia War Impact On Vehicle Engine And Engine Parts Market

4.3 Impact Of High Inflation On Vehicle Engine And Engine Parts Market

5. Vehicle Engine And Engine Parts Market Size And Growth

  • 5.1. Global Vehicle Engine And Engine Parts Historic Market, 2017-2022, $ Billion
    • 5.1.1. Drivers Of The Market
    • 5.1.2. Restraints On The Market
  • 5.2. Global Vehicle Engine And Engine Parts Forecast Market, 2022-2027F, 2032F, $ Billion
    • 5.2.1. Drivers Of The Market
    • 5.2.2. Restraints On the Market

6. Vehicle Engine And Engine Parts Market Segmentation

  • 6.1. Global Vehicle Engine And Engine Parts Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Vehicle Engines
  • Vehicle Engine Parts
  • 6.2. Global Vehicle Engine And Engine Parts Market, Segmentation By Fuel Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Gasoline (Petrol)
  • Diesel
  • Gas
  • Other Fuel Types
  • 6.3. Global Vehicle Engine And Engine Parts Market, Segmentation By Placement Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • In-line Engine
  • W Engine
  • V-Type

7. Vehicle Engine And Engine Parts Market Regional And Country Analysis

  • 7.1. Global Vehicle Engine And Engine Parts Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 7.2. Global Vehicle Engine And Engine Parts Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

8. Asia-Pacific Vehicle Engine And Engine Parts Market

  • 8.1. Asia-Pacific Vehicle Engine And Engine Parts Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
  • 8.2. Asia-Pacific Vehicle Engine And Engine Parts Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

9. China Vehicle Engine And Engine Parts Market

  • 9.1. China Vehicle Engine And Engine Parts Market Overview
  • 9.2. China Vehicle Engine And Engine Parts Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion

10. India Vehicle Engine And Engine Parts Market

  • 10.1. India Vehicle Engine And Engine Parts Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

11. Japan Vehicle Engine And Engine Parts Market

  • 11.1. Japan Vehicle Engine And Engine Parts Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

12. Australia Vehicle Engine And Engine Parts Market

  • 12.1. Australia Vehicle Engine And Engine Parts Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

13. Indonesia Vehicle Engine And Engine Parts Market

  • 13.1. Indonesia Vehicle Engine And Engine Parts Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

14. South Korea Vehicle Engine And Engine Parts Market

  • 14.1. South Korea Vehicle Engine And Engine Parts Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

15. Western Europe Vehicle Engine And Engine Parts Market

  • 15.1. Western Europe Vehicle Engine And Engine Parts Market Overview
  • 15.2. Western Europe Vehicle Engine And Engine Parts Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

16. UK Vehicle Engine And Engine Parts Market

  • 16.1. UK Vehicle Engine And Engine Parts Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

17. Germany Vehicle Engine And Engine Parts Market

  • 17.1. Germany Vehicle Engine And Engine Parts Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

18. France Vehicle Engine And Engine Parts Market

  • 18.1. France Vehicle Engine And Engine Parts Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

19. Eastern Europe Vehicle Engine And Engine Parts Market

  • 19.1. Eastern Europe Vehicle Engine And Engine Parts Market Overview
  • 19.2. Eastern Europe Vehicle Engine And Engine Parts Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

20. Russia Vehicle Engine And Engine Parts Market

  • 20.1. Russia Vehicle Engine And Engine Parts Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

21. North America Vehicle Engine And Engine Parts Market

  • 21.1. North America Vehicle Engine And Engine Parts Market Overview
  • 21.2. North America Vehicle Engine And Engine Parts Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

22. USA Vehicle Engine And Engine Parts Market

  • 22.1. USA Vehicle Engine And Engine Parts Market Overview
  • 22.2. USA Vehicle Engine And Engine Parts Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

23. South America Vehicle Engine And Engine Parts Market

  • 23.1. South America Vehicle Engine And Engine Parts Market Overview
  • 23.2. South America Vehicle Engine And Engine Parts Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

24. Brazil Vehicle Engine And Engine Parts Market

  • 24.1. Brazil Vehicle Engine And Engine Parts Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

25. Middle East Vehicle Engine And Engine Parts Market

  • 25.1. Middle East Vehicle Engine And Engine Parts Market Overview
  • 25.2. Middle East Vehicle Engine And Engine Parts Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

26. Africa Vehicle Engine And Engine Parts Market

  • 26.1. Africa Vehicle Engine And Engine Parts Market Overview
  • 26.2. Africa Vehicle Engine And Engine Parts Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

27. Vehicle Engine And Engine Parts Market Competitive Landscape And Company Profiles

  • 27.1. Vehicle Engine And Engine Parts Market Competitive Landscape
  • 27.2. Vehicle Engine And Engine Parts Market Company Profiles
    • 27.2.1. Cummins
      • 27.2.1.1. Overview
      • 27.2.1.2. Products and Services
      • 27.2.1.3. Strategy
      • 27.2.1.4. Financial Performance
    • 27.2.2. Toyota Motor
      • 27.2.2.1. Overview
      • 27.2.2.2. Products and Services
      • 27.2.2.3. Strategy
      • 27.2.2.4. Financial Performance
    • 27.2.3. DENSO Corporation
      • 27.2.3.1. Overview
      • 27.2.3.2. Products and Services
      • 27.2.3.3. Strategy
      • 27.2.3.4. Financial Performance
    • 27.2.4. Delphi Automotive PLC
      • 27.2.4.1. Overview
      • 27.2.4.2. Products and Services
      • 27.2.4.3. Strategy
      • 27.2.4.4. Financial Performance
    • 27.2.5. Federal Mogul Corporation
      • 27.2.5.1. Overview
      • 27.2.5.2. Products and Services
      • 27.2.5.3. Strategy
      • 27.2.5.4. Financial Performance

29. Key Mergers And Acquisitions In The Vehicle Engine And Engine Parts Market

29. Vehicle Engine And Engine Parts Market Future Outlook and Potential Analysis

30. Appendix

  • 30.1. Abbreviations
  • 30.2. Currencies
  • 30.3. Historic And Forecast Inflation Rates
  • 30.4. Research Inquiries
  • 30.5. The Business Research Company
  • 30.6. Copyright And Disclaimer
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