Automobile Engine & Parts Manufacturing in the US - Industry Market Research Report

Automobile Engine & Parts Manufacturing in the US - Industry Market Research Report

Automobile Engine & Parts Manufacturing in the US

Automobile engine and parts manufacturers are companies that produce gasoline-powered engines and parts. The industry primarily consists of vertically integrated automobile manufacturers that produce their own engines, in addition to other large companies that provide engines to a variety of automobile manufacturers. The industry has experienced turbulence in recent years as COVID-19 wreaked havoc on operations. The industry is highly globalized, with larger companies operating facilities in a variety of countries. Trade restrictions forced these manufacturers to restructure their processes as shipping engines across the world wasn't viable. Poor economic conditions and a reduced need for travel following stay-at-home orders led many consumers to put vehicle-related purchases on the backburner. Profit has been significantly pressured by skyrocketing input costs, spurring many manufacturers to downsize. As a result, automobile engine and parts manufacturers' revenue has declined at a CAGR of 3.5% to $40.4 billion through the end of 2023, including a 0.7% drop in 2023 alone, when profit will reach 4.5%.

Operators in this industry manufacture motor vehicle gasoline engines and related parts including valves, pistons, crankshafts, camshafts, fuel injectors and pumps. This industry does not include hybrid engines, electric vehicle motors or diesel engines.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.