Global Engine Components Market – Industry Trends and Forecast to 2028

Market Analysis and Insights : Global Engine Components Market

Engine components market is expected to reach USD 7.32 billion by 2028 witnessing market growth at a rate of 1.20% in the forecast period of 2021 to 2028. Data Bridge Market Research report on engine components market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth.

The central wedge of any car is the engine. The engine is made up of many small and large components that help it to function effectively. Innovative technology has also changed engine components and materials, such as the commonly used bulky components have been replaced by a wide-scale epidemic of lightweight engine components, and high-power components can now operate at lower power.

Increasing emphasis on the energy-efficient engine components and the growing demand for lightweight automobiles, growing concerns of government bodies and environmentalists for reducing the emissions from vehicles to comply with international norms and standards positively, emergence of 3D printing technology has improved the designing of the engine components including the screw tap assembly, valve tappet, retainer an others, increasing growth of the automotive industry are some of the major as well as vital factors which will likely to augment the growth of the engine components market in the projected timeframe of 2021-2028. On the other hand, rising number of applications from various industry such as automotive, stationary engine, marine, agriculture along with growing number of research and development activities which will further contribute by generating massive opportunities that will lead to the growth of the engine components market in the above mentioned projected timeframe.

Imposition of stringent vehicle regulations and standards pertaining to diesel operated vehicles along with rising preferences towards electric vehicles which will likely to act as market restraints factor for the growth of the engine components in the above mentioned projected timeframe.

This engine components market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on engine components market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Global Engine Components Market Scope and Market Size

Engine components market is segmented on the basis of component and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

• Engine components market on the basis of component has been segmented as valve tappet/roller tappets, screw cap assembly, collet/cotter, retainer, and others. Others have been further segmented into spark, carburetor, fuel pump, valves, exhaust system, cooling system, piston, propelling nozzle, crankshaft, flywheels, starter system, heat shielding system, cylinder liner, and cylinder head. Valve tappet/roller tappets segment will hold the largest share in the growth of the market as they are utilized in the light vehicle, heavy-duty engines, CNG-based small engine, gasoline, and others.
• On the basis of application, the engine components market has been segmented into automotive, agriculture, construction and mining equipment, marine, stationary engines, and rolling stock diesel engine. Automotive segment has been further segmented into two-wheelers, buses, medium and heavy trucks, light-duty vehicles, and passenger vehicles. Automotive segment will hold the largest share in the growth of the market due to the increasing volumes of sales and production of vehicles.  

Engine Components Market Country Level Analysis

Engine components market is analysed and market size, volume information is provided by country, component and application as referenced above.

The countries covered in the engine components market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC)  in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

Asia-Pacific will dominate the engine components market due to the rising share of India, and China in the manufacturing as well as sale of IC engines along with prevalence of various market players in the region while North America, and Europe region will expect to grow in the engine components market during the forecast period of 2021-2028 due to the increasing levels of disposable income of the people along with growing number of research and development activities in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Engine Components Market Share Analysis

Engine components market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to engine components market.

The major players covered in the engine components market report are Nittan Valve Co.,Ltd.; Schaeffler Technologies AG & Co. KG; LISI AUTOMOTIVE; Kent Automotive; Illinois Tool Works Inc.; Indo Schöttle Pvt. Ltd.; GT Technologies; Tenneco Inc.; EFC International; Eaton.; DREWCO Corporation.; DNJ Engine Components, Inc.; Decora Auto Forge Pvt. Ltd.; Burgess-Norton.; AmTech International; General Motors.; Cummins Inc.; Mitsubishi Heavy Industries Engine & Turbocharger, Ltd.; AB Volvo; Scania; among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

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