Automotive Engine Market to Record 3.97% CAGR in 2021 | BMW AG and Cummins Inc. among major suppliers

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According to recent Technavio market research, the automotive engine market is expected to increase by 14.91 million units from 2020 to 2025, at a decelerating CAGR of 3.69%. The report provides a detailed analysis of drivers and opportunities, top winning strategies, competitive scenario, future market trends, market size and estimates, and major investment pockets.

APAC will register the highest growth rate of 40% among other regions. China, Japan, and India are the major automotive engine markets.

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The automotive engine market report covers the following areas:

Overview of Suppliers-

The automotive engine market is fragmented, and vendors are deploying various organic and inorganic growth strategies to compete in the market. Key developments from some of the vendors are mentioned below:

Cummins Inc. – In October 2021, the company announced the renewal of its longstanding marketing and technology partnership with Valvoline.

Daimler S.A. – In December 2021, the company announced a long-term shareholder and partner in China, Beijing Automotive Group Co.Ltd.

General Motors Co.- In December 2021, the company has entered into a long-term supply agreement with MP Materials to expand the supply and production of rare earth magnets in the United States.

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Regional Market Outlook

The growth of the automotive engine market share in APAC will be significant during the forecast period. China, Japan, and India are the major automotive engine markets in Asia-Pacific.

APAC has recorded a significant growth rate. It is expected to provide several growth opportunities for market vendors over the forecast period. Improved vehicle performance due to lower center of gravity and minimal engine vibration resulting in flat engine configuration will fuel the growth of the automotive engine market in APAC during the forecast period.

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Latest drivers and challenges impacting the market-

The high growth volume of the premium vehicle segment is driving the growth of the automotive engine market. However, factors such as the growing popularity of electric vehicles may challenge the growth of the market.

Find additional information on various other market drivers and challenges mentioned in our Sample FREE Report.

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Automotive Engine Market 2021-2025: Key Highlights

  • Market CAGR over the forecast period 2021-2025
  • In-depth information on factors that will contribute to the growth of the automotive engine market over the next five years
  • Estimation of the automotive engine market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the automotive engine market
  • Market Competitive Landscape Analysis and Detailed Vendor Information
  • Complete details of the factors that will challenge the growth of the Automotive Engines Market vendors

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Automotive Engines Market Scope

Report cover

Details

Page number

120

Year of reference

2020

Forecast period

2021-2025

Growth momentum and CAGR

Decelerating at a CAGR of 3.69%

Market Growth 2021-2025

14.91 million units

Market structure

Fragmented

Annual growth (%)

3.97

Regional analysis

APAC, North America, Europe, South America and MEA

Successful market contribution

APAC at 40%

Main consumer countries

China, USA, Japan, Germany and India

Competitive landscape

Leading Companies, Competitive Strategies, Consumer Engagement Reach

Profiled companies

BMW AG, Cummins Inc., Daimler AG, Ford Motor Co., General Motors Co., Porsche Automobil Holding SE, Stellantis NV, Suzuki Motor Corp., Toyota Motor Corp. and Yamaha Corp.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, Impact of COVID-19 and Future Consumer Dynamics, Market Status Analysis for the Forecast Period

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

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