Automotive Engine Market worth 84.91 Bn USD by 2020, According to a New Study on ASDReports

Monday 1 February 2016, Amsterdam

The report, now available on ASDReports, “Automotive Engine and Engine Mounts Market by Fuel Type (Gasoline, Diesel, Natural Gas, and Hybrid), Engine Type (L4, L6, V6, and V8), Engine Mounts, Vehicle Type (PC, LCV, HCV, and Two-Wheeler), & by Region - Global Trends & Forecast to 2020”, defines and segments the automotive engine market, with an analysis and forecast of the global market size, by volume and value.

The global automotive engine market is projected to grow from USD 63.36 Billion in 2015 to USD 84.91 Billion by 2020, at a CAGR of 6.03%. Meanwhile, the global automotive engine mounts market is projected to grow from USD 3.62 Billion in 2015 to USD 4.93 Billion by 2020, registering a CAGR of 6.38% from 2015 to 2020. The growing demand for high-power engines for racing and the increasing demand for luxury cars are some of the key drivers fueling the growth of the global automotive engine market.

L4 engine: Promising market for automotive engines

The L4 engine segment is estimated to dominate the global automotive engine market, by engine type (in terms of value), in 2015. L4 engines are commonly used in passenger cars, light commercial vehicles (LCVs), and heavy commercial vehicles (HCVs). The global L4 automotive engine market, in terms of value, is projected to grow at a promising CAGR from 2015 to 2020.

Passenger car engine mounts: Promising market for automotive engine mounts

The passenger car segment is estimated to dominate the global automotive engine mounts market, by engine mount type (in terms of value), in 2015. Engines mounts are commonly used in gasoline, diesel, hybrid, and natural gas engines. The global passenger car engine mounts market, in terms of value, is projected to grow at a promising CAGR from 2015 to 2020. The LCV engine mounts market, in terms of value, is projected to grow at the second-highest CAGR during the same period.

Asia-Pacific: Key market for automotive engines

Asia-Pacific is estimated to account for the largest share of the global automotive engine market in 2015. OEMs in Asia-Pacific have been focusing on developing technologically advanced automotive engines to produce high power and torque. The Asia-Pacific engine mounts market, in terms of value, is projected to grow at a promising CAGR during the forecast period. The North American region has been segmented into the U.S., Canada, and Mexico. North America is estimated to account for the second-largest share in the global automotive engine market in 2015.

The report covers all the major players in the automotive engine market, including Mitsubishi Heavy Industries Ltd. (Japan), Cummins Inc. (U.S.), Fiat S.p.A. (Italy), MAHLE GmbH (Germany), and numerous local players.

The report analyzes the automotive engine market, in terms of volume (million units) and value (USD million). It explains the qualitative and quantitative aspects of the market on the basis of region, engine type, fuel type, engine mount type, and vehicle type from 2015 to 2020. It also provides an overview of technical factors and other important aspects of the automotive engine market.