Global Vehicle Engine And Engine Parts Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Vehicle Engine And Engine Parts Market Report by The Business Research Company covers vehicle engine and engine parts market drivers and restraints, vehicle engine and engine parts market size, major players, and the impact of COVID-19 on the vehicle engine and engine parts market.
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.
The growth for 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 does not contribute towards the air pollution. The popularity of the electric car market is backed up by several government initiatives such as in Norway, 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.
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 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. The market is expected to reach $324.16 billion in 2025 at a CAGR of 8%.
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Some vehicle engine and engine parts market trends include the companies operating in the vehicle engine and engine parts market investing towards improving the fuel efficiency in internal combustion engines. Manufacturers are producing engines that delivers higher power and improves 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 include:
1) By Product Type: Vehicle Engines, Vehicle Engine Parts.
2) By Fuel Type: Gasoline (Petrol), Diesel, Gas, Others.
3) By Placement Type: In-Line Engine, W Engine And V-Type.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Vehicle Engine And Engine Parts Global Market Report 2021: COVID 19 Impact and Recovery to 2030 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, share, vehicle engine and engine parts market players, vehicle engine and engine parts market segments and geographies, 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.
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Read Vehicle Engine And Engine Parts Global Market Report 2021: COVID 19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: Cummins, Toyota Motor, DENSO Corporation, Delphi Automotive PLC , Federal Mogul Corporation, MAHLE GmbH, BMW AG, General Motors, Volkswagen AG, Fiat Automobiles SpA.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Vehicle Engine And Engine Parts Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Vehicle Engine And Engine Parts Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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