Automotive engine market is anticipated to grow at a CAGR of 7.3% during the forecast period (2023–2030). The market growth is attributed to the growing investment initiatives by market players for developing a high-performance and long-range engine. For instance, in March 2022, Harbin DonganAuto Engine Co., Ltd. Announced its 2022 investment strategy. There are two unique investing projects. The first involves constructing a production line for highly efficient long-range engines, that requires changing the machining center, marking machines, tightening machines, gluing machines, and other pieces of machinery. Harbin Dongan Automotive Engine Manufacturing Co., Ltd. (DAE), a division of Harbin Dongan Auto Engine, plans to build the project for a total of CNY 72.33 million. The second project involves cylinder head automatic grinding equipment and cylinder block final cleaning machines, and it is a process capability improvement project. Harbin Dongan Auto Engine plans to invest a total of $3.6 million in this project.
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Among the fuel types, the Gasoline sub-segment is expected to hold a considerable share of the global parking management market. The segmental growth is attributed to the increased demand for gasoline, along with the expansion of commercial opportunities by several engines. For instance, in April 2022, Toyota announced 4 of its US manufacturing facilities received a $ 383 million investment to assist the production of its four-cylinder engines, including hybrid electric vehicles. A new four-cylinder production line is planned to be installed at the Toyota Alabama facility in Huntsville, that receives $ 222 million in addition to an expansion of 114,000 square feet to create engines for both combustion and hybrid electric powertrains.
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Global Automotive Engine Market by Sensor Type
- Oxygen Sensor
- Temperature Sensor
- Position Sensor
- Knock Sensor
- Others (Tire Pressure Monitoring Sensor, Vehicle Speed Sensor, and Air Bag Sensor)
Global Automotive Engine Market by Fuel Type
- Gasoline
- Diesel
Global Automotive Engine Market by Communication Technology
- Controller Area network (CAN)
- LIN (Local Interconnect Network (LIN)
- Media Oriented Systems Transport (MOST)
- Flexray Automotive Communication Bus
Global Automotive Engine Market by Vehicle Type
- Passenger Car
- Light Commercial Vehicle (LCV)
- Heavy Commercial Vehicle (HCV)
Company Profiles
- Eicher Motors Ltd.
- STELLANTIS NV
- Ford Motor Co.
- General Motors
- Honda Motor Co., Ltd.
- Hyundai Motor Co
- Mazda Motor Corp.
- Mitsubishi Heavy Industries, Ltd.
- Scania
- Suzuki Motor Corp.
- Toyota Motor Corp.
- Volkswagen Group
- Yamaha Motor Co., Ltd.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global automotive engine market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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