Global Automotive Engine Market (2023-2028) by Placement, Fuel type, Vehicle Type, and Regional Analysis, AI and Sustainability Footprints, and Market Success Strategies

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Publish Date

10-10-2023

Report ID

JI-Auto-008

Pages

161

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Introduction

The Global Automotive Engine Market is set to surge from USD 115.06 Bn in 2023 to a projected USD 147.27 Bn by 2028, growing at a CAGR of 5.06%.

In modern automotive technology, transportation evolution is driven by electronic systems and engineering. A complex assembly utilizes either fuel or electricity. Industry advancements prioritize sustainability, meeting regulations, and satisfying consumer demands. Turbocharging, a key innovation, enhances power and fuel efficiency by downsizing engines while maintaining or enhancing performance for cleaner and more potent powertrains. Another key advancement is direct fuel injection, delivering fuel precisely into the combustion chamber at high pressure for air-fuel mixture control. This approach boosts engine efficiency and reduces emissions, making engines cleaner and more environmentally friendly. Combining direct fuel injection with turbocharging optimizes combustion, enhancing power without sacrificing fuel economy. Advanced materials reshape engine technology with lightweight, high-strength materials like aluminum alloys and reinforced plastics used in cylinder blocks, pistons, and cylinder heads. These materials reduce engine weight, improving fuel efficiency, handling dynamics, and engine durability. Electrification is a transformative aspect of modern automotive engine technology. Hybrid and electric powertrains drive the industry toward zero-emission mobility.
 

Segment Analysis of the Global Automotive Engine Market

The Automotive Engine market is segmented based on Placement, Fuel type, and Vehicle Type.

This segment covers various engine configurations. In-line engines, known for simplicity and space efficiency, are common in compact and mid-sized passenger cars and commercial vehicles with space constraints. V-type engines, with cylinders arranged in a V-shape, offer balance and performance for various vehicles, from sports cars to larger SUVs and trucks. The W-engine, featuring a double-V arrangement of cylinders, suits vehicles based on intended purpose, size, and performance requirements. Compact and budget-friendly cars often use in-line engines, while larger vehicles and those needing more power prefer V-type and W-type engines. Gasoline engines, the most common worldwide, run on petrol, offering a balance of power and fuel efficiency. Diesel engines, known for torque and fuel efficiency, are commonly used in commercial vehicles like trucks and buses. Some passenger cars in diesel-prevalent regions also employ them. Alternative fuel engines using CNG, LPG, and hydrogen gain popularity for reduced environmental impact. Vehicle selection considers cost, availability, and environmental concerns. Diesel engines excel in long-haul transport; however, alternative fuels gain traction for their environmental benefits. Within this segment encompassing vehicles for both passenger and commercial transportation, there’s a diverse range of categories, from compact city cars and sedans to SUVs, luxury vehicles, trucks, buses, and vans. Commercial vehicles necessitate engines designed for durability and load-bearing capacity; conversely, passenger cars prioritize fuel efficiency and emissions.

 

List of Companies

The report provides profiles of the key companies, outlining their history, business segments, product overview, and company financials. Some companies from competitive analysis are BMW Group, Continental AG, Cummins Inc., Daimler AG, and Others.

 

Key Developments

BMW Group announces that it will invest USD 11 Bn in electric vehicles and batteries in the USA over the next five years.– September 2023

Toyota announces that it will launch its first all-electric pickup truck, the Toyota Tacoma EV, in 2024.-August 2023

Frequently Asked Questions

How Much Is The Global Automotive Engine Market Size?

The Global Automotive Engine Market is set to surge from USD 115.06 Bn in 2023 to a projected USD 147.27 Bn by 2028, growing at a CAGR of 5.06%.

What Is The Major Global Automotive Engine Market Driver?

  • Increasing Disposable Income
  • Rising Requirement for Enhanced Engine Performance

What are the Major Automotive Engine Market opportunities?

  • Heavy Investment in R&D
  • Development of New Engine Technologies

Which Region Held The Highest Share of the Automotive Engine Market?

North America and Europe are the leaders in the Automotive Engine Market.

Who Are The Automotive Engine Market Players?

AB Volvo, BMW Group, Continental AG, Cummins Inc., Daimler AG, etc.

1. Introduction
1.1 Scope of the Study
1.2 Purpose of the Study
1.3 Limitations of the Study
1.4 Currency

2. Executive Summary
2.1 Market Definition
2.2 Market Size and Segmentation
2.3 Insights for CXOs

3. Market Forces
3.1 Drivers
3.1.1 Rising Disposable Income
3.1.2 Demand for Enhanced Vehicle Performance
3.2 Restraints
3.2.1 Strict Emission and Fuel Economy Standards
3.2.2 High Initial Cost
3.3 Opportunities
3.3.1 Hefty R&D Investments and Development of New Technologies
3.3.2 The Emergence of Hydrogen Engines
3.4 Challenges
3.4.1 Demand for Electric Motors

4. AI and Sustainability Footprints
4.1 Market Trends of AI and Sustainability
4.2 Application of AI - AI Adoption Levels
4.3 Environmental and Emission Reduction Initiatives

5. Market Analysis
5.1 Government Regulations
5.2 Patent Analysis
5.3 PESTLE Analysis
5.4 Porter's Five Forces Analysis
5.5 Pricing Analysis
5.6 Technology Trends

6. Market Segmentations
6.1 Global Automotive Engine Market, By Placement
6.1.1 Market Overview, Size and Forecast
6.1.2 In line engine
6.1.3 V type engine
6.1.4 W-engine

6.2 Global Automotive Engine Market, By Fuel Type
6.2.1 Market Overview, Size and Forecast
6.2.2 Gasoline
6.2.3 Diesel
6.2.4 Other Fuel

6.3 Global Automotive Engine Market, By Vehicle Type
6.3.1 Market Overview, Size and Forecast
6.3.2 Passengers car
6.3.3 Commercial Vehicle

7. Region Analysis of the Global Automotive Engine Market
7.1 Americas
7.1.1 Brazil
7.1.2 Canada
7.1.3 Mexico
7.1.4 US
7.1.5 Others
7.2 Europe
7.2.1 France
7.2.2 Germany
7.2.3 Italy
7.2.4 Russia
7.2.5 United Kingdom
7.2.6 Others
7.3 Middle East & Africa
7.3.1 Israel
7.3.2 Nigeria
7.3.3 Saudi Arabia
7.3.4 South Africa
7.3.5 UAE
7.3.6 Others
7.4 Asia
7.4.1 Australia – New Zealand
7.4.2 China
7.4.3 India
7.4.4 Japan
7.4.5 South Korea
7.4.6 Others

8. Market Success Strategies
8.1 Best Marketing Practices
8.2 Market Entry Strategies

9. Competitive Analysis
9.1 AB Volvo
9.2 BMW Group
9.3 Continental AG
9.4 Cummins Inc.
9.5 Daimler AG
9.6 Denso Corporation
9.7 Deutz AG
9.8 Fiat Automobiles
9.9 Ford Motor Company
9.10 Geely Auto Group
9.11 General Motors
9.12 Honda Motor Company
9.13 Hyundai Motor Group
9.14 Kohler Co.
9.15 Mahindra & Mahindra
9.16 Mclaren Motors
9.17 Mercedes-Benz
9.18 Mitsubishi Heavy Industries
9.19 Renault Group
9.20 Robert Bosch GmbH
9.21 Rolls-Royce
9.22 SAIC Motor
9.23 Toyota Motor Corporation
9.24 Volkswagen Group
9.25 Weichai Power
9.26 Yanmar Holdings

10. Case Studies
10.1 Analysis of Successful Companies
10.2 Lessons from Market Failures

11. Appendix
11.1 Research Methodology
11.2 Assumptions for the Report
11.3 List of Abbreviations

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