Motor vehicle engine, power train, & parts industry includes establishments that manufacture and rebuild gasoline, electric engines and engine parts of motor vehicles. These engines may or may not be used in vehicles. Motor vehicle transmission and power train parts manufacturing companies manufacture and rebuild motor vehicle transmission and power train parts. Motor vehicle brake system manufacturing industry includes establishments manufacturing motor vehicle brake systems and related components.
The global motor vehicle engine, power train & parts market was valued at $774.7 billion in 2017. Asia pacific was the largest geographic region accounting for $346.2 billion or 44.7% of the global market. China was the largest country accounting for $180.5 billion or 23.3% of the global motor vehicle engine, power train & parts market.
Motor vehicle engine manufacturers are producing engines that offer higher fuel economy and better performance. Efficient combustion engines increase the fuel economy of motor vehicles and also enable motor vehicle manufacturers to meet emission norms of several state and national governments across the world. They are using technologies such as advanced ignition, direct fuel injection, variable valve timing, and advanced transmission to reduce engine size and increase its power. For instance, in December 2016, automotive manufacturer Toyota launched new engines based on its Toyota New Global Architecture (TNGA) for standard gasoline and hybrid vehicles. TNGA-based motor vehicle engines are expected to offer 20% better fuel economy and 10% better power performance, as compared to Toyota’s existing engines.
Companies Covered: Honda, BMW, Toyota, Mercedes-Benz, Ford
Market Segments Included: Vehicle Engine And Engine Parts; Power Train And Power Train Parts
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