The crate engines global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Crate Engines Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The crate engines market size has grown strongly in recent years. It will grow from $24.76 billion in 2023 to $26.58 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to cultural influence and lifestyle trends, nostalgia and retro appeal, demand for comfortable riding, targeting a diverse consumer base, urban commuting and short trips, customization and personalization trends..
The crate engines market size is expected to see strong growth in the next few years. It will grow to $33.54 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to evolving consumer preferences, focus on sustainable transportation, increasing urbanization, promotion of recreational riding, global economic development.. Major trends in the forecast period include integration of advanced connectivity features, focus on lightweight and performance-oriented designs, customization and personalization options, introduction of adaptive cruise control, incorporation of advanced rider assistance systems (aras), development of retro-modern aesthetics..
Order your report now for swift delivery @
https://www.thebusinessresearchcompany.com/report/crate-engines-global-market-report
Scope Of Crate Engines Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Crate Engines Market Overview
Market Drivers –
An upsurge in motorsports racing is expected to propel the growth of the crate engine market going forward. Motorsports racing is a broad phrase that refers to competitive athletic activities involving the usage of motorized vehicles. Crate engines have become integral to motorsports racing by providing a balance between affordability, performance, and reliability, while also contributing to the diversity and inclusivity of racing competitions. For instance, in March 2023, according to Motorsport Network, a US-based advertising and technological firm, the increasing enthusiasm for the international car championship proved apparent in a stated overall spectator attendance of 5.7 million for the Formula 1 car racing championship, a 36% increase over 2019. Similarly, F1 car racing revenues increased by 20%, from $2.136 billion in 2021 to $2.573 billion in 2022. Therefore, an upsurge in motorsports racing is driving the crate engine market.
Market Trends –
Major companies operating in the crate engine market are focusing on developing advanced products such as the direct connection supercharged Hellephant series of crate engines to gain a competitive edge in the market. The Direct Connection supercharged Hellephant series of crate engines is the collection of the world’s most potent production crate engines that provide three additional models with enhanced hardware and fuel systems to increase power output, in addition to the classic 1,000-horsepower Hellephant 426 Supercharged crate engine. For instance, in November 2022, Dodge Inc., a US-based manufacturer of crate engines launched the innovative and unique high-horsepower Direct Connection crate engines that include A30 Crate Engine, A170 Crate Engine, C30 Crate Engine, and C170 Crate Engine. This series of crate engines has the most formidable lineup of GENI HEMI-powered aluminum and cast-iron engines to date, ranging from about 900 to over 1,100 horsepower. Additionally, these crate engines include several upgrades such as a new 3.0L IHI supercharger with an improved intercooler, larger snout, and a 3.02-inch pulley for increased boost, cylinder heads with upgraded valve guide and seat material to optimize cylinder pressure capability and deliver maximum performance on premium or E85 fuel configurations.
The crate engines market covered in this report is segmented –
1) By Engine Type: New Engines, Rebuilt Engines, Remanufactured Engines, Used Engines
2) By Fuel Type: Gasoline, Diesel
3) By Capacity Type: 600-1000 CC, 1000-3000 CC, 3000-5000 CC, >5000 CC
4) By Sales Channel: Original Equipment Market, Aftermarket
Get an inside scoop of the crate engines market, Request now for Sample Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=13411&type=smp
Regional Insights –
North America was the largest region in the crate engines market in 2023. The regions covered in the crate engines market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the crate engines market report are Bayerische Motoren Werke AG, American Honda Motor Company Inc., Hyundai Motor Company, Mahle GmbH, North American ATK Corporation, Harley-Davidson Inc. , Jasper Engines and Transmissions, Dart Machinery Ltd., Summit Racing Equipment, Edelbrock LLC., FCA US LLC, Roush Performance, Blueprint Engines, Yoshimura R&D of America Inc., Trick Flow Specialties, DSR Performance, West Coast Engines, Hennessey Performance Engineering, Texas Speed & Performance Ltd., Proformance Unlimited Inc, ATK High Performance Engines, Isky Racing Cams, Nelson Racing Engines NRE, Mast Motorsports LLC, S&J Engines Inc., Chevrolet Performance Parts, Ford Performance Parts, Custom Crate Engines, Speedmaster, Herrod Performance Engines
Table of Contents
1. Executive Summary
2. Crate Engines Market Report Structure
3. Crate Engines Market Trends And Strategies
4. Crate Engines Market – Macro Economic Scenario
5. Crate Engines Market Size And Growth
…..
27. Crate Engines Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
