Global Vehicle Engine And Engine Parts Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends

The vehicle engine and engine parts market consist of the sales of motor vehicle engine and engine parts and related services used in bikes, passenger cars, racing cars, commercial vehicles, marine, agricultural equipment and earth-moving equipment. The engine parts consist of an engine cylinder head, engine cylinder block, alternator, A/c compressor, power steering pump, flywheel, clutch assembly, clutch housing and transmission. The vehicle engine and engine parts market does not include engines for electric vehicles.

Global Vehicle Engine And Engine Parts Market Size And Drivers:

The global vehicle engine and engine parts market is expected to grow from $228.99 billion in 2020 to $240.45 billion in 2021 at a compound annual growth rate (CAGR) of 5%. The market is expected to reach $324.16 billion in 2025 at a CAGR of 8%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges.

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Trends In The Global Vehicle Engine And Engine Parts Market

The companies operating in the vehicle engine and engine parts market are investing towards improving the fuel efficiency in internal combustion engines. Manufacturers are producing engines that deliver higher power and improve fuel economy. Improving the fuel efficiency of vehicle engine serves as an economical solution as well as reduces the emission of harmful pollutants into the air. For instance, to improve the 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 helps keep the engine’s temperature down and increase the fuel efficiency.

Global Vehicle Engine And Engine Parts Market Segments:
The global vehicle engine and engine parts market is further segmented based on product type, fuel type, placement type and geography.
By Product Type: Vehicle Engines, Vehicle Engine Parts
By Fuel Type: Gasoline (Petrol), Diesel, Gas, Others
By Placement Type: In-line Engine, W Engine and V-Type
By Geography: The global vehicle engine and engine parts market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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Vehicle Engine And Engine Parts Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides vehicle engine and engine parts market overviews, analyzes and forecasts market size and growth for the global vehicle engine and engine parts market, vehicle engine and engine parts market share, vehicle engine and engine parts market players, vehicle engine and engine parts market segments and geographies, vehicle engine and engine parts market’s leading competitors’ revenues, profiles and market shares. The vehicle engine and engine parts market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.