Syndicated Research Studies

The global automotive engine market was valued at USD 94.8 billion in 2021 and USD 96.8 billion in 2022, and is projected to reach USD 118.2 billion by 2030, expanding at a CAGR of 2.5% between 2022 and 2030. Growth is closely tied to global vehicle production volumes, with rising passenger car and commercial vehicle sales — particularly across emerging economies — acting as the primary demand driver. Market Size & Forecast Snapshot 2021 market size: USD 94.8 billion 2022 market size: USD 96.8 billion 2030 projected size: USD 118.2 billion CAGR (2022–2030): 2.5% Unlike commodity auto-component categories that swing sharply with EV adoption headlines, the engine market's growth curve is comparatively steady — a signal that internal combustion technology is being re-engineered rather than retired . Manufacturers are pouring R&D into engine control unit (ECU) upgrades, variable displacement engines (VDEs), and hybrid powertrains that extend eng...

Automotive Engine Industry Overview The global automotive engine market size was worth USD 94.8 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 2.5% from 2022 to 2030. The demand for the automotive engine is directly dependent on automotive production. Thus, increasing sales of passenger cars & commercial vehicles and emerging economies are driving the demand in the market. Factors such as the stringent regulatory standards for fuel efficiency and growing demand for technologically advanced powered engines for improved vehicle performance are driving the market growth. Consumer inclination for high-performance and fuel-efficient vehicles and extensive developments and prototypes from major automakers and OEMs are also propelling the growth. Gather more insights about the market drivers, restrains and growth of the Global Automotive Engine Market The COVID-19 outbreak hampered various industries in 2020. The economy is anticipated to continu...