Automotive engine market size to grow by 14.23 million units from 2022 to 2027: A descriptive analysis of customer landscape, vendor assessment, and market dynamics - Technavio

NEW YORK, Jan. 17, 2023 /PRNewswire/ -- The global automotive engine market size is estimated to increase by 14.23 million units between 2022 and 2027. However, the market's growth momentum will decelerate at a CAGR of 3.43% during the forecast period - Request a sample report

Global automotive engine market – Vendor analysis
Vendor offerings -

• AB Volvo - The company offers automotive engines such as Volvo D11 engine, Volvo D13TC engine, and X15 engine.
• BMW AG - The company offers automotive engines such as V8-cylinder engine, inline 6-cylinder engine, and 4-cylinder turbo engine.
• Cummins Inc. - The company offers automotive engines such as F3.8 engine, X15 engine, and QST30 engine.
• Dr. Ing. h.c. F. Porsche AG - The company offers automotive engines such as Type 935/76 engine.
• For details on vendors and their offerings – Buy the report!

Vendor landscape –

The global automotive engine market is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer automotive engines in the market are AB Volvo, BMW AG, Cummins Inc., Dr. Ing. h.c. F. Porsche AG, Eicher Motors Ltd., Ford Motor Co., General Motors Co, Honda Motor Co. Ltd, Hyundai Motor Co., MAHLE GmbH, Maruti Suzuki India Ltd., Mazda Motor Corp., Mercedes Benz Group AG, Mitsubishi Motors Corp., Renault SAS, Stellantis NV, Toyota Motor Corp., Trelleborg AB, and Yamaha Motor Co. Ltd. and others.

Vendors compete based on factors such as quality, price, service, brand image, distribution, and marketing. Moreover, major vendors are focusing on manufacturing automotive engines with low emissions. Thus, automotive engine manufacturers have been improving automotive engine technology to meet the growing demand for advanced vehicles. Such developments will drive the market's growth during the forecast period.

Global automotive engine market - Customer landscape
To help companies evaluate and develop growth strategies, the report outlines –

• Key purchase criteria
• Adoption rates
• Adoption lifecycle
• Drivers of price sensitivity

Global automotive engine market - Segmentation assessment

Segment overview
Technavio has segmented the market based on type (in-line engine, V-type engine, and flat engine) and fuel type (gasoline and diesel engine). 

• The gasoline segment will grow at a significant rate during the forecast period. Passenger cars generally use gasoline-powered engines, as they emit fewer pollutants, create less vibration and noise, and are lightweight. Engine downsizing is another major factor propelling the demand for gasoline engines, which reduces the size of a gasoline engine when compared to a diesel engine. In addition, diesel-powered cars are more expensive than gasoline-powered passenger cars. These factors will fuel the growth of the market during the forecast period.

Geography overview
Based on geography, the global automotive engine market is segmented into APAC, North America, Europe, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global automotive engine market.

• APAC is estimated to account for 38% of the growth of the global market during the forecast period. China and India have the largest share of the automotive engine market in APAC in terms of production volume due to the presence of a large automotive production base. During the forecast period, low-cost manufacturers are expected to enter the market in APAC, especially in China, owing to the reduction in the prices of components and the availability of stable and advanced systems.

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Global automotive engine market – Market dynamics

Leading drivers - The high growth volume for the premium vehicle segment is driving the growth of the global automotive engine market. With changing customer preferences, the sales of performance, premium, and sport utility vehicles are expected to increase. The demand for SUVs has increased over the last four years. In addition, the demand for luxury vehicles is increasing in emerging markets such as China and India owing to stable economic conditions and rising consumer disposable incomes. This is expected to fuel the growth of the market during the forecast period.

Key trends - The increasing demand for fuel efficiency is a key trend in the global automotive engine market. The demand for fuel efficiency, safety, and emission reduction is growing in the automotive industry to improve the driving experience. This increases the efficiency of car engines, which helps reduce fuel costs. In addition, automotive OEMs prefer efficient automotive engine suppliers due to the demands for high performance and low fuel consumption. These factors will support the growth of the market during the forecast period.

Major challenges - The increasing popularity of electric vehicles is challenging the global automotive engine market growth. The increasing emphasis on the use of sustainable energy has increased the demand for electric cars. Some of the main factors that have increased the demand for electric vehicles include government subsidies, lower prices for battery electric vehicles (BEVs), and the adoption of cost-effective electric vehicles. The rapid expansion of electric car charging infrastructure, increasing consumer awareness, and total or partial bans on the use of fuel-engine vehicles are also increasing the demand for electric cars globally. These factors will negatively impact the demand for automotive engines during the forecast period.

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find some insights from a sample report!

What are the key data covered in this automotive engine market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the automotive engine market between 2023 and 2027
• Precise estimation of the size of the automotive engine market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the automotive engine market across APAC, North America, Europe, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of automotive engine market vendors

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Table of contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Fuel Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 (million units)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 (million units)
• Exhibit 16: Chart on Global Market- Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market- Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global Automotive Engine Market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global Automotive Engine Market 2017 - 2021 (million units)

• 4.2 Fuel Type Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Fuel Type Segment 2017 - 2021 (million units)

• 4.3 Cylinder Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Cylinder Segment 2017 - 2021 (million units)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 (million units)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 (million units)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Fuel Type

• 6.1 Market segments 
• Exhibit 30: Chart on Fuel Type - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Fuel Type - Market share 2022-2027 (%)

• 6.2 Comparison by Fuel Type 
• Exhibit 32: Chart on Comparison by Fuel Type
• Exhibit 33: Data Table on Comparison by Fuel Type

• 6.3 Gasoline - Market size and forecast 2022-2027
• Exhibit 34: Chart on Gasoline - Market size and forecast 2022-2027 (million units)
• Exhibit 35: Data Table on Gasoline - Market size and forecast 2022-2027 (million units)
• Exhibit 36: Chart on Gasoline - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Gasoline - Year-over-year growth 2022-2027 (%)

• 6.4 Diesel engine - Market size and forecast 2022-2027
• Exhibit 38: Chart on Diesel engine - Market size and forecast 2022-2027 (million units)
• Exhibit 39: Data Table on Diesel engine - Market size and forecast 2022-2027 (million units)
• Exhibit 40: Chart on Diesel engine - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Diesel engine - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Fuel Type 
• Exhibit 42: Market opportunity by Fuel Type (million units)

7 Market Segmentation by Type

• 7.1 Market segments 
• Exhibit 43: Chart on Type - Market share 2022-2027 (%)
• Exhibit 44: Data Table on Type - Market share 2022-2027 (%)

• 7.2 Comparison by Type 
• Exhibit 45: Chart on Comparison by Type
• Exhibit 46: Data Table on Comparison by Type

• 7.3 In-line engine - Market size and forecast 2022-2027
• Exhibit 47: Chart on In-line engine - Market size and forecast 2022-2027 (million units)
• Exhibit 48: Data Table on In-line engine - Market size and forecast 2022-2027 (million units)
• Exhibit 49: Chart on In-line engine - Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on In-line engine - Year-over-year growth 2022-2027 (%)

• 7.4 V-type engine - Market size and forecast 2022-2027
• Exhibit 51: Chart on V-type engine - Market size and forecast 2022-2027 (million units)
• Exhibit 52: Data Table on V-type engine - Market size and forecast 2022-2027 (million units)
• Exhibit 53: Chart on V-type engine - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on V-type engine - Year-over-year growth 2022-2027 (%)

• 7.5 Flat engine - Market size and forecast 2022-2027
• Exhibit 55: Chart on Flat engine - Market size and forecast 2022-2027 (million units)
• Exhibit 56: Data Table on Flat engine - Market size and forecast 2022-2027 (million units)
• Exhibit 57: Chart on Flat engine - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Flat engine - Year-over-year growth 2022-2027 (%)

• 7.6 Market opportunity by Type 
• Exhibit 59: Market opportunity by Type (million units)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 61: Chart on Market share by geography 2022-2027 (%)
• Exhibit 62: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 63: Chart on Geographic comparison
• Exhibit 64: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027
• Exhibit 65: Chart on APAC - Market size and forecast 2022-2027 (million units)
• Exhibit 66: Data Table on APAC - Market size and forecast 2022-2027 (million units)
• Exhibit 67: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 68: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027
• Exhibit 69: Chart on North America - Market size and forecast 2022-2027 (million units)
• Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 (million units)
• Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027
• Exhibit 73: Chart on Europe - Market size and forecast 2022-2027 (million units)
• Exhibit 74: Data Table on Europe - Market size and forecast 2022-2027 (million units)
• Exhibit 75: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 77: Chart on South America - Market size and forecast 2022-2027 (million units)
• Exhibit 78: Data Table on South America - Market size and forecast 2022-2027 (million units)
• Exhibit 79: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 81: Chart on Middle East and Africa - Market size and forecast 2022-2027 (million units)
• Exhibit 82: Data Table on Middle East and Africa - Market size and forecast 2022-2027 (million units)
• Exhibit 83: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 China - Market size and forecast 2022-2027
• Exhibit 85: Chart on China - Market size and forecast 2022-2027 (million units)
• Exhibit 86: Data Table on China - Market size and forecast 2022-2027 (million units)
• Exhibit 87: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.9 US - Market size and forecast 2022-2027
• Exhibit 89: Chart on US - Market size and forecast 2022-2027 (million units)
• Exhibit 90: Data Table on US - Market size and forecast 2022-2027 (million units)
• Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.10 Japan - Market size and forecast 2022-2027
• Exhibit 93: Chart on Japan - Market size and forecast 2022-2027 (million units)
• Exhibit 94: Data Table on Japan - Market size and forecast 2022-2027 (million units)
• Exhibit 95: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.11 Germany - Market size and forecast 2022-2027
• Exhibit 97: Chart on Germany - Market size and forecast 2022-2027 (million units)
• Exhibit 98: Data Table on Germany - Market size and forecast 2022-2027 (million units)
• Exhibit 99: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.12 India - Market size and forecast 2022-2027
• Exhibit 101: Chart on India - Market size and forecast 2022-2027 (million units)
• Exhibit 102: Data Table on India - Market size and forecast 2022-2027 (million units)
• Exhibit 103: Chart on India - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on India - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 105: Market opportunity by geography (million units)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 106: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 107: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 108: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 109: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 110: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 111: Matrix on vendor position and classification

• 12.3 AB Volvo 
• Exhibit 112: AB Volvo - Overview
• Exhibit 113: AB Volvo - Business segments
• Exhibit 114: AB Volvo - Key news
• Exhibit 115: AB Volvo - Key offerings
• Exhibit 116: AB Volvo - Segment focus

• 12.4 BMW AG 
• Exhibit 117: BMW AG - Overview
• Exhibit 118: BMW AG - Business segments
• Exhibit 119: BMW AG - Key offerings
• Exhibit 120: BMW AG - Segment focus

• 12.5 Cummins Inc. 
• Exhibit 121: Cummins Inc. - Overview
• Exhibit 122: Cummins Inc. - Business segments
• Exhibit 123: Cummins Inc. - Key offerings
• Exhibit 124: Cummins Inc. - Segment focus

• 12.6 Dr. Ing. h.c. F. Porsche AG 
• Exhibit 125: Dr. Ing. h.c. F. Porsche AG - Overview
• Exhibit 126: Dr. Ing. h.c. F. Porsche AG - Business segments
• Exhibit 127: Dr. Ing. h.c. F. Porsche AG - Key offerings
• Exhibit 128: Dr. Ing. h.c. F. Porsche AG - Segment focus

• 12.7 Eicher Motors Ltd. 
• Exhibit 129: Eicher Motors Ltd. - Overview
• Exhibit 130: Eicher Motors Ltd. - Product / Service
• Exhibit 131: Eicher Motors Ltd. - Key offerings

• 12.8 Ford Motor Co. 
• Exhibit 132: Ford Motor Co. - Overview
• Exhibit 133: Ford Motor Co. - Business segments
• Exhibit 134: Ford Motor Co. - Key news
• Exhibit 135: Ford Motor Co. - Key offerings
• Exhibit 136: Ford Motor Co. - Segment focus

• 12.9 General Motors Co 
• Exhibit 137: General Motors Co - Overview
• Exhibit 138: General Motors Co - Business segments
• Exhibit 139: General Motors Co - Key news
• Exhibit 140: General Motors Co - Key offerings
• Exhibit 141: General Motors Co - Segment focus

• 12.10 Honda Motor Co. Ltd 
• Exhibit 142: Honda Motor Co. Ltd - Overview
• Exhibit 143: Honda Motor Co. Ltd - Business segments
• Exhibit 144: Honda Motor Co. Ltd - Key news
• Exhibit 145: Honda Motor Co. Ltd - Key offerings
• Exhibit 146: Honda Motor Co. Ltd - Segment focus

• 12.11 Hyundai Motor Co. 
• Exhibit 147: Hyundai Motor Co. - Overview
• Exhibit 148: Hyundai Motor Co. - Business segments
• Exhibit 149: Hyundai Motor Co. - Key news
• Exhibit 150: Hyundai Motor Co. - Key offerings
• Exhibit 151: Hyundai Motor Co. - Segment focus

• 12.12 MAHLE GmbH 
• Exhibit 152: MAHLE GmbH - Overview
• Exhibit 153: MAHLE GmbH - Business segments
• Exhibit 154: MAHLE GmbH - Key news
• Exhibit 155: MAHLE GmbH - Key offerings
• Exhibit 156: MAHLE GmbH - Segment focus

• 12.13 Mazda Motor Corp. 
• Exhibit 157: Mazda Motor Corp. - Overview
• Exhibit 158: Mazda Motor Corp. - Business segments
• Exhibit 159: Mazda Motor Corp. - Key offerings
• Exhibit 160: Mazda Motor Corp. - Segment focus

• 12.14 Mercedes Benz Group AG 
• Exhibit 161: Mercedes Benz Group AG - Overview
• Exhibit 162: Mercedes Benz Group AG - Business segments
• Exhibit 163: Mercedes Benz Group AG - Key offerings
• Exhibit 164: Mercedes Benz Group AG - Segment focus

• 12.15 Mitsubishi Motors Corp. 
• Exhibit 165: Mitsubishi Motors Corp. - Overview
• Exhibit 166: Mitsubishi Motors Corp. - Business segments
• Exhibit 167: Mitsubishi Motors Corp. - Key offerings
• Exhibit 168: Mitsubishi Motors Corp. - Segment focus

• 12.16 Renault SAS 
• Exhibit 169: Renault SAS - Overview
• Exhibit 170: Renault SAS - Product / Service
• Exhibit 171: Renault SAS - Key news
• Exhibit 172: Renault SAS - Key offerings

• 12.17 Stellantis NV 
• Exhibit 173: Stellantis NV - Overview
• Exhibit 174: Stellantis NV - Business segments
• Exhibit 175: Stellantis NV - Key news
• Exhibit 176: Stellantis NV - Key offerings
• Exhibit 177: Stellantis NV - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 178: Inclusions checklist
• Exhibit 179: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 180: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 181: Research methodology
• Exhibit 182: Validation techniques employed for market sizing
• Exhibit 183: Information sources

• 13.5 List of abbreviations 
• Exhibit 184: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Technavio Research
Jesse Maida
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UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/ 

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