Vehicle Engine Market Penetration, Adoption, Lighting Technology, Refurbishment, Passenger Comfort And Forecast 2023-2032|Cummins, Toyota Motor, Denso Corporation, Delphi Automotive PLC., Federal-Mogul Corporation

The Vehicle Engine Global Market Report 2023 by The Business Research Company, provides vehicle engine market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s Vehicle Engine Global Market Report 2023, the market size will grow from $401.40 billion in 2022 to $438.55 billion in 2023 at a compound annual growth rate (CAGR) of 9.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global vehicle engine and engine parts is expected to grow to $600.27 billion in 2027 at a CAGR of 8.2%.

The increasing manufacturing of automobiles is expected to drive the vehicle engine and engine parts market. Automobile manufactures use different engine components and engine parts for manufacturing a vehicle.

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The vehicle engine market is segmented:

1) By Product Type: Vehicle Engines, Vehicle Engine Parts

2) By Fuel Type: Gasoline (Petrol), Diesel, Gas, Other Fuel Types

3) By Placement Type: In-line Engine, W Engine and V-Type

The companies operating in the vehicle engine and engine parts market are investing in improving the fuel efficiency of internal combustion engines. Manufacturers are producing engines that deliver more power and improve fuel economy. Improving the fuel efficiency of vehicle engines serves as an economical solution as well as reduces the emission of harmful pollutants into the air. For instance, to improve fuel efficiency, companies are investing in ‘ direct fuel injection’ technology in which the direct injection systems spray a fine mist of fuel directly into the cylinder, helping keep the engine’s temperature down and increasing fuel efficiency. Also, as reported by the U.S Department of Energy, direct fuel injection can improve engine efficiency by 12%. Thus, with increased concerns for the environment and to provide a better value for money, companies operating in the market are investing more towards improving the fuel efficiency of the engines.

The vehicle engine market report table of contents includes:

Executive Summary
Vehicle Engine And Engine Parts Market Characteristics
Vehicle Engine And Engine Parts Market Trends And Strategies
Vehicle Engine And Engine Parts Market – Macro Economic Scenario
Vehicle Engine And Engine Parts Market Size And Growth

Middle East Vehicle Engine And Engine Parts Market
Africa Vehicle Engine And Engine Parts Market
Vehicle Engine And Engine Parts Market Competitive Landscape And Company Profiles
Key Mergers And Acquisitions In The Vehicle Engine And Engine Parts Market
Vehicle Engine And Engine Parts Market Future Outlook and Potential Analysis

Top Major Players