Global Car Engine Parts Market Size, Share & Trends Analysis Report, By Type (Petrol Engine and Diesel Engine), By Application (Pre-Installed and Aftermarket), Forecast (2022-2028)

The global car engine parts market is anticipated to grow at a CAGR of 3.0% during the forecast period (2022-2028). The different parts that make up the car’s engine consist of the combustion chamber, the engine block (cylinder block), the cylinder head, pistons, fuel injectors, the camshaft, the crankshaft, the timing chain, the valve train, rocker arms, valves, pushrods/lifters, and spark plugs, among others. The market growth is majorly attributable owing to the introduction of new engine technologies such as variable displacement engines (VDEs) and hybrids. As a result of this, various automotive manufacturers are developing new types of engines, such as hybrid engines and variable displacement engines (VDEs), which deliver high performance and fuel efficiency.

Adding to this, the introduction of new technologies that aim to lighten the weight of the overall vehicle by focusing on the optimum fuel usage is also likely to add to the overall market growth. This is further due to the growing concerns of automobile sector to lower the vehicle emissions. The Original Equipment Manufacturers (OEMs) are working to produce technologically innovative and lightweight car components including the car engine parts that will meet the new emission criteria. For instance, key companies such as Volkswagen, Renault, and General Motors have planned to eliminate certain compact passenger models from their product portfolio in 2019 to maintain a fleet that complies with the latest emissions and testing procedures. Apart from this, key emission norms of various regions including the China-VI, Euro-6, and PROCONVE P-8 have also pushed the market. This, as a result, has augmented the growth of effective car engine parts production, thereby driving the global car engine parts market growth.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Type
  • By Application
• Regions covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape: Ford Motor Co., Mercedes-Benz Group AG, and Tata Motors Ltd., among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

 

Global Car Engine Parts Market Report by Segment

By Type

• Petrol Engine
• Diesel Engine

By Application

• Pre-Installed
• Aftermarket

Global Car Engine Parts Market Report by Region

North America

• US
• Canada

Europe

• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe

 

Asia-Pacific

• China
• Japan
• India
• Rest of Asia-Pacific

 

Rest of the World

• Latin America
• Middle East and Africa