Automobile engine are referred to as fuel-consuming device or machine that is used for driving automobiles, tractors, buses, airplanes, two wheelers, cars etc. Electric engines and internal combustion & steam engines are used in automotive vehicles. Most automotive engines are piston internal combustion engines.

The automotive engines comprise of hydraulic and complex mechanical processes into the vehicle’s engine. The variable valve timing engines are different from a manufacturer to another but follows certain principles that regulate the functioning of the engine.

Key Players

The key players in the global Automotive Engine Market Value include AB Volvo (Sweden), Cummins Inc. (USA), Fiat S.PA. (Italy), Ford Motor Company (USA), General Motors (USA), Honda (Japan), Hyundai Motor Company (South Korea), Mitsubishi Heavy Industries (Japan), Scania AB (Sweden), and Volkswagen Group (Germany).

Segmentation

The most important factors enriching the growth of global Automotive Engine Market Value include growing demand for technologically advanced powered engines for the better performance of vehicles, rigid fuel economy regulatory norms, and rising disposable income. The global Automotive Engine Market Value has been segmented on the basis of fuel, placement, vehicle type, and lastly, region. The fuel-based segmentation segments this market into diesel, gasoline, and others. On the basis of placement, the market has been segmented into the in-line engine and V-type engine. By vehicle type, the market has been segmented into passenger vehicles, light commercial vehicle (LCV), heavy commercial vehicle (HCV). Passenger vehicles are owned by citizens and are for personal use. Commercial vehicles are used for business purposes.

Regional Analysis

The regional segmentation of the global Automotive Engine Market Value segments the market into regional markets known as North America, Europe, Asia Pacific, and rest of the world. According to the report, Asia Pacific is the leading market and estimated to grow during the forecast period. Holding the biggest share in the global market, it is growing with good speed. The reasons for the market growth in this region include rapid expansion in the automotive industry of the developing nations, and original equipment manufacturer (OEM) developing technologically advanced powered engines to gain high torque and performance. The most important country-specific markets in this region are China, India, and Japan, followed by the rest of the Asia Pacific region.

Markets in North America and Europe are expected to show limited growth because the presence of long-established original equipment manufacturers has already been established in these regions. Therefore, a strong base for the robust development and growth of the Automotive Engine Market Value can be seen. Many key players of this market are based in Europe and North America. In North America, the most important country-specific markets are the United States of America (USA) and Canada, followed by the rest of North America.

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