Automotive Engine Market to Record 3.97% Y-O-Y Growth Rate in 2021 | BMW AG and Cummins Inc. Among Key Vendors | Technavio

NEW YORK, Jan. 19, 2022 -- Automotive Engine Market Facts at a Glance-

• Total Pages: 120
• Companies: 10+ – Including BMW AG, Cummins Inc., Daimler AG, Ford Motor Co., General Motors Co., Porsche Automobil Holding SE, Stellantis NV, Suzuki Motor Corp., Toyota Motor Corp., and Yamaha Corp. among others.
• Coverage: Key drivers, trends, and challenges; Product insights & news; Value chain analysis; Parent market analysis; Vendor landscape
• Segments: Fuel type (gasoline and diesel engine), arrangement of cylinder (in-line engine, V-type engine, and flat engine)
• Geographies: APAC (China and Japan), North America (US), Europe, South America, and MEA

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According to the recent market study by Technavio, the Automotive Engine Market is expected to increase by 14.91 mn units from 2020 to 2025, at a decelerating CAGR of 3.69%. The report provides a detailed analysis of drivers & opportunities, top winning strategies, competitive scenario, future market trends, market size & estimations, and major investment pockets.

APAC will register the highest growth rate of 40% among the other regions. China, Japan, and India are the key markets for automotive engines.

Download FREE Sample: for more additional information about the key countries in APAC

The automotive engine market report covers the following areas:

• Automotive Engine Market size
• Automotive Engine Market trends
• Automotive Engine Market industry analysis

Vendor Insights-

The automotive engine market is fragmented, and the vendors are deploying various organic and inorganic growth strategies to compete in the market. The key developments of some of the vendors are mentioned below:

Cummins Inc. - In October 2021, the company announced the renewal of its longstanding marketing and technology partnership with Valvoline.

Daimler AG - In December 2021, the company announced a long-term shareholder and partner in China, Beijing Automotive Group Co. Ltd.

General Motors Co. - In December 2021, the company entered into a long-term supply agreement with MP Materials to scaler rare earth magnet sourcing and production in the US.

Find additional highlights on the vendors and their product offerings. Download Free Sample Report

Regional Market Outlook

The automotive engine market share growth in APAC will be significant during the forecast period. China, Japan, and India are the key markets for automotive engines in APAC.

APAC has been recording a significant growth rate. It is expected to offer several growth opportunities to market vendors during the forecast period. Improved vehicle performance owing to the lower center of gravity and minimal engine vibrations driving the flat engine configuration will fuel the automotive engine market growth in APAC during the forecast period.

Download our FREE sample report for more key highlights on the regional market share of most of the above-mentioned countries.

Latest Drivers & Challenges Impacting the Market-

The high growth volume for the premium vehicle segment is driving the growth of the automotive engine market. However, factors such as the increasing popularity of electric vehicles may challenge market growth.

Find additional information about various other market Drivers & Challenges mentioned in our FREE sample report.

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Automotive Engine Market 2021-2025: Key Highlights

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will assist automotive engine market growth during the next five years
• Estimation of the automotive engine market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the automotive engine market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of automotive engine market vendors

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