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Vehicle Engine And Engine Parts Global Market Report 2022 – By Product Type (Vehicle Engines, Vehicle Engine Parts), By Fuel Type (Gasoline (Petrol), Diesel, Gas), By Placement Type (In-line Engine, W Engine and V-Type) – Market Size, Trends, And Global Forecast 2022-2026

Starting Price : $4000.00 | Pages : 175 | Published : September 2022 | SKU CODE : 7339 | Delivery Time: 2-3 business days | Format :


The vehicle engine and engine parts market consist of the sales of the 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, an engine cylinder block, an alternator, an A/C compressor, a power steering pump, a flywheel, a clutch assembly, a clutch housing, and a transmission. The vehicle engine and engine parts market does not include engines for electric vehicles.

The main types of vehicle engines and engine parts are vehicle engines and vehicle engine parts. Vehicle engines are referred to as the engines that are used for vehicles, and there are many engine propulsion systems involving the parts of the vehicle. The various placement types are In-line Engine, W Engine, and V-Type. The various fuel types are gasoline (petrol), diesel, gas, and other fuel types.

The vehicle engine and engine parts market research report is one of a series of new reports from The Business Research Company that provides vehicle engine and engine parts market statistics, including global market size, regional shares, competitors with a vehicle engine and engine parts market share, detailed vehicle engine and engine parts market segments, market trends and opportunities, and any further data you may need to thrive in the vehicle engine and engine parts industry. This vehicle engine and engine parts market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

The global vehicle engine and engine parts market grew from $367.04 billion in 2021 to $390.2 billion in 2022 at a compound annual growth rate (CAGR) of 6.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The vehicle engine and engine parts market is expected to grow to $481.26 billion in 2016 at a CAGR of 5.4%.

The growth of the vehicle engine and engine parts market is restricted by the growing popularity of electric vehicles all over the world. These battery-operated cars are not only easier to maintain but also do not contribute to air pollution. The popularity of the electric car market is backed up by several government initiatives, such as in Norway, where the drivers of zero-emissions cars are not only exempted from road tax but also exempted from 25% VAT on sales, reduced road and ferry tolls and parking costs, and access to bus lanes. According to reports by the International Energy Agency (IEA), the number of electric cars employed on the road reached 10 million in 2020. In 2019, China remained the world's largest car market. In March 2019, battery electric vehicles held 58.4 percent of the market. With the increasing popularity of electric vehicles, the demand for engine-operated vehicles is negatively impacted, thus causing an overall fall in demand for the vehicle engine and engine parts market.

Declining sales in the automobile sector restrict the growth of the vehicle engine and engine parts market. The decline in demand for automobiles in various economies causes lower demand for new engines and engine parts manufacturers. According to the International Organization of Motor Vehicle Manufacturers, global car sales fell by 3.1 million in 2019. In India, the Society of Indian Automobile Manufacturers said a decline of 12.34 percent to 19,97,952 units in domestic sales was witnessed in June 2019.

The companies operating in the vehicle engine and engine parts market are investing in improving the fuel efficiency of internal combustion engines. Manufacturers are producing engines that deliver more power and improve fuel economy. Improving the fuel efficiency of vehicle engines serves as an economical solution as well as reduces the emission of harmful pollutants into the air. For instance, to improve 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, helping keep the engine's temperature down and increasing fuel efficiency. Following the trend in 2019, Mazda, a Japanese automaker, launched the Mazda 3 with Mazda's Skyactiv-X gas-powered Spark-Controlled Compression Ignition engine. Also, as reported by the U.S Department of Energy, direct fuel injection can improve engine efficiency by 12%. Thus, with increased concerns for the environment and to provide a better value for money, companies operating in the market are investing more towards improving the fuel efficiency of the engines.

In 2019, Japan-based Honda Motor Co. and Hitachi Ltd. agreed to merge four of their car-parts businesses, including Hitachi Automotive Systems, Keihin Corp., Showa Corp., and Nissin Kogyo Co. The transaction was completed in two steps, with Honda making a share offer to Keihin Corp., Showa Corp., and Nissin Kogyo, following which Hitachi made Hitachi Automotive Systems a subsidiary. Hitachi will own 67 percent of the combined company, with Honda owning the rest. Through this merger, Honda and Hitachi will get access to resources and technology normally reserved for mergers. Keihin Corp., Showa Corp., and Nissin Kogyo are Japan-based manufacturers. Keihin is a manufacturer of conventional engine components including management systems for natural gas vehicles, Showa manufactures differential gears, shafts, and other components, Nissin Kogyo specializes in the manufacturing of braking systems.

Major players in the vehicle engine and engine parts market are Cummins, Toyota Motor, Denso Corporation, Delphi Automotive PLC, Federal-Mogul Corporation, Mahle GmbH, BMW AG, General Motors, Volkswagen AG, and Fiat Automobiles SpA.

Asia Pacific was the largest region in the vehicle engine and engine parts market in 2021. Western Europe was the second largest market in vehicle engine and engine parts  market. The regions covered in the vehicle engine and engine parts market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The countries covered in the vehicle engine and engine parts include Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, USA, and Australia.

The global vehicle engine and engine parts market is segmented -

1) By Product Type: Vehicle Engines, Vehicle Engine Parts

2) By Fuel Type:  Gasoline (Petrol), Diesel, Gas, Other Fuel Types

3) By Placement Type : In-line Engine, W Engine and V-Type

    Table Of Contents

    1. Executive Summary

    2. Vehicle Engine And Engine Parts Market Characteristics

    3. Vehicle Engine And Engine Parts Market Trends And Strategies

    4. Vehicle Engine And Engine Parts Market – Macro Economic Scenario

    4.1 COVID-19 Impact On Vehicle Engine And Engine Parts Market

    4.2 Ukraine-Russia War Impact On Vehicle Engine And Engine Parts Market

    4.3 Impact Of High Inflation On Vehicle Engine And Engine Parts Market

    5. Vehicle Engine And Engine Parts Market Size And Growth

    5.1. Global Vehicle Engine And Engine Parts Historic Market, 2016-2021, $ Billion

    5.1.1. Drivers Of The Market

    5.1.2. Restraints On The Market

    5.2. Global Vehicle Engine And Engine Parts Forecast Market, 2021-2026F, 2031F, $ Billion

    5.2.1. Drivers Of The Market

    5.2.2. Restraints On the Market

    6. Vehicle Engine And Engine Parts Market Segmentation

    6.1. Global Vehicle Engine And Engine Parts Market, Segmentation  By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Vehicle Engines

    Vehicle Engine Parts

    6.2. Global Vehicle Engine And Engine Parts Market, Segmentation  By Fuel Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

     Gasoline (Petrol)

    Diesel

    Gas

    Other Fuel Types

    6.3. Global Vehicle Engine And Engine Parts Market, Segmentation  By Placement Type , Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    In-line Engine

    W Engine

    V-Type

    7. Vehicle Engine And Engine Parts Market Regional And Country Analysis

    7.1. Global Vehicle Engine And Engine Parts Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    7.2. Global Vehicle Engine And Engine Parts Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    8. Asia-Pacific Vehicle Engine And Engine Parts Market  

    8.1. Asia-Pacific Vehicle Engine And Engine Parts Market Overview  

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Vehicle Engine And Engine Parts Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    9. China Vehicle Engine And Engine Parts Market  

    9.1. China Vehicle Engine And Engine Parts Market Overview  

    9.2. China Vehicle Engine And Engine Parts Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion

    10. India Vehicle Engine And Engine Parts Market  

    10.1. India Vehicle Engine And Engine Parts Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    11. Japan Vehicle Engine And Engine Parts Market  

    11.1. Japan Vehicle Engine And Engine Parts Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    12. Australia Vehicle Engine And Engine Parts Market  

    12.1. Australia Vehicle Engine And Engine Parts Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    13. Indonesia Vehicle Engine And Engine Parts Market  

    13.1. Indonesia Vehicle Engine And Engine Parts Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    14. South Korea Vehicle Engine And Engine Parts Market  

    14.1. South Korea Vehicle Engine And Engine Parts Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    15. Western Europe Vehicle Engine And Engine Parts Market  

    15.1. Western Europe Vehicle Engine And Engine Parts Market Overview

    15.2. Western Europe Vehicle Engine And Engine Parts Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    16. UK Vehicle Engine And Engine Parts Market  

    16.1. UK Vehicle Engine And Engine Parts Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    17. Germany Vehicle Engine And Engine Parts Market  

    17.1. Germany Vehicle Engine And Engine Parts Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    18. France Vehicle Engine And Engine Parts Market  

    18.3. France Vehicle Engine And Engine Parts Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    19. Eastern Europe Vehicle Engine And Engine Parts Market  

    19.1. Eastern Europe Vehicle Engine And Engine Parts Market Overview

    19.2. Eastern Europe Vehicle Engine And Engine Parts Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    20. Russia Vehicle Engine And Engine Parts Market  

    20.1. Russia Vehicle Engine And Engine Parts Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    21. North America Vehicle Engine And Engine Parts Market  

    21.1. North America Vehicle Engine And Engine Parts Market Overview

    21.2. North America Vehicle Engine And Engine Parts Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    22. USA Vehicle Engine And Engine Parts Market  

    22.1. USA Vehicle Engine And Engine Parts Market Overview

    22.2. USA Vehicle Engine And Engine Parts Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    23. South America Vehicle Engine And Engine Parts Market  

    23.1. South America Vehicle Engine And Engine Parts Market Overview

    23.2. South America Vehicle Engine And Engine Parts Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    24. Brazil Vehicle Engine And Engine Parts Market  

    24.1. Brazil Vehicle Engine And Engine Parts Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    25. Middle East Vehicle Engine And Engine Parts Market  

    25.1. Middle East Vehicle Engine And Engine Parts Market Overview

    25.2. Middle East Vehicle Engine And Engine Parts Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    26. Africa Vehicle Engine And Engine Parts Market  

    26.1. Africa Vehicle Engine And Engine Parts Market Overview

    26.2. Africa Vehicle Engine And Engine Parts Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    27. Vehicle Engine And Engine Parts Market Competitive Landscape And Company Profiles

    27.1. Vehicle Engine And Engine Parts Market Competitive Landscape

    27.2. Vehicle Engine And Engine Parts Market Company Profiles

    27.2.1. Cummins

    27.2.1.1. Overview

    27.2.1.2. Products and Services

    27.2.1.3. Strategy

    27.2.1.4. Financial Performance

    27.2.2. Toyota Motor

    27.2.2.1. Overview

    27.2.2.2. Products and Services

    27.2.2.3. Strategy

    27.2.2.4. Financial Performance

    27.2.3. DENSO Corporation

    27.2.3.1. Overview

    27.2.3.2. Products and Services

    27.2.3.3. Strategy

    27.2.3.4. Financial Performance

    27.2.4. Delphi Automotive PLC  

    27.2.4.1. Overview

    27.2.4.2. Products and Services

    27.2.4.3. Strategy

    27.2.4.4. Financial Performance

    27.2.5. Federal Mogul Corporation

    27.2.5.1. Overview

    27.2.5.2. Products and Services

    27.2.5.3. Strategy

    27.2.5.4. Financial Performance

    29. Key Mergers And Acquisitions In The Vehicle Engine And Engine Parts Market

    29. Vehicle Engine And Engine Parts Market Future Outlook and Potential Analysis

    30. Appendix

    30.1. Abbreviations

    30.2. Currencies

    30.3. Historic And Forecast Inflation Rates

    30.4. Research Inquiries

    30.5. The Business Research Company

    30.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2016-2021, $ Billion
  • Table 2: Global Forecast Market Growth, 2021-2026F, 2031F, $ Billion
  • Table 3: Global Vehicle Engine And Engine Parts Market, Segmentation  By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 4: Global Vehicle Engine And Engine Parts Market, Segmentation  By Fuel Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 5: Global Vehicle Engine And Engine Parts Market, Segmentation  By Placement Type , Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 6: Global Vehicle Engine And Engine Parts Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 7: Global Vehicle Engine And Engine Parts Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 8: Asia-Pacific, Vehicle Engine And Engine Parts Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 9: China, Vehicle Engine And Engine Parts Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 10: India, Vehicle Engine And Engine Parts Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 11: Japan, Vehicle Engine And Engine Parts Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 12: Australia, Vehicle Engine And Engine Parts Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 13: Indonesia, Vehicle Engine And Engine Parts Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 14: South Korea, Vehicle Engine And Engine Parts Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 15: Western Europe, Vehicle Engine And Engine Parts Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 16: UK, Vehicle Engine And Engine Parts Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 17: Germany, Vehicle Engine And Engine Parts Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 18: France, Vehicle Engine And Engine Parts Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 19: Eastern Europe, Vehicle Engine And Engine Parts Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 20: Russia, Vehicle Engine And Engine Parts Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 21: North America, Vehicle Engine And Engine Parts Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 22: USA, Vehicle Engine And Engine Parts Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 23: South America, Vehicle Engine And Engine Parts Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 24: Brazil, Vehicle Engine And Engine Parts Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 25: Middle East, Vehicle Engine And Engine Parts Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 26: Africa, Vehicle Engine And Engine Parts Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 27: Cummins Financial Performance
  • Table 28: Toyota Motor Financial Performance
  • Table 29: DENSO Corporation Financial Performance
  • Table 30: Delphi Automotive PLC   Financial Performance
  • Table 31: Federal Mogul Corporation Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2016-2021, $ Billion
  • Figure 2: Global Forecast Market Growth, 2021-2026F, 2031F, $ Billion
  • Figure 3: Global Vehicle Engine And Engine Parts Market, Segmentation  By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 4: Global Vehicle Engine And Engine Parts Market, Segmentation  By Fuel Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 5: Global Vehicle Engine And Engine Parts Market, Segmentation  By Placement Type , Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 6: Global Vehicle Engine And Engine Parts Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 7: Global Vehicle Engine And Engine Parts Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 8: Asia-Pacific, Vehicle Engine And Engine Parts Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 9: China, Vehicle Engine And Engine Parts Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 10: India, Vehicle Engine And Engine Parts Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 11: Japan, Vehicle Engine And Engine Parts Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 12: Australia, Vehicle Engine And Engine Parts Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 13: Indonesia, Vehicle Engine And Engine Parts Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 14: South Korea, Vehicle Engine And Engine Parts Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 15: Western Europe, Vehicle Engine And Engine Parts Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 16: UK, Vehicle Engine And Engine Parts Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 17: Germany, Vehicle Engine And Engine Parts Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 18: France, Vehicle Engine And Engine Parts Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 19: Eastern Europe, Vehicle Engine And Engine Parts Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 20: Russia, Vehicle Engine And Engine Parts Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 21: North America, Vehicle Engine And Engine Parts Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 22: USA, Vehicle Engine And Engine Parts Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 23: South America, Vehicle Engine And Engine Parts Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 24: Brazil, Vehicle Engine And Engine Parts Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 25: Middle East, Vehicle Engine And Engine Parts Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 26: Africa, Vehicle Engine And Engine Parts Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 27: Cummins Financial Performance
  • Figure 28: Toyota Motor Financial Performance
  • Figure 29: DENSO Corporation Financial Performance
  • Figure 30: Delphi Automotive PLC   Financial Performance
  • Figure 31: Federal Mogul Corporation Financial Performance
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