Global Automobile Engine & Parts Manufacturing - Industry Market Research Report

Global Automobile Engine & Parts Manufacturing - Industry Market Research Report

Global Automobile Engine & Parts Manufacturing

Revenue for the Global Automobile Engine and Parts Manufacturing industry, which produces motor vehicle engines and other engine parts such as valves, crankshafts, camshafts, fuel injectors and pistons, is expected to fall an annualized 3.9% to $324.2 billion over the past five years, including an expected 3.4% surge in 2023 alone. Ultimately, the industry is tethered to global car production, thus leaving automobile engine and part manufacturers vulnerable to a myriad of macroeconomic and political factors that affect the automotive sector in aggregate. Before COVID-19, an emphasis on engine efficiency and economic growth supported industry expansion. However, COVID-19 brought industry growth to a halt in 2020. Further, continued supply chain issues still pressure industry growth.

Operators in the Global Automobile Engine and Parts Manufacturing industry manufacture and rebuild motor vehicle engines and engine parts. Engine varieties include gasoline and diesel, in addition to engines used in alternative fuel and hybrid electric vehicles.

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.