The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The increasing manufacturing of automobiles are expected to drive innovation in Vehicle Engine And Engine Parts manufacturing, thus driving the market during the forecast period.

The global Vehicle Engine And Engine Parts market is expected to grow from $401.40 billion in 2022 to $438.55 billion in 2023 at a compound annual growth rate (CAGR) of 9.3%. The global vehicle engine and engine parts market size is expected to grow to $600.27 billion in 2027 at a CAGR of 8.2%.

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Global Vehicle Engine And Engine Parts Market Segments Include:

• By Product Type: Vehicle Engines, Vehicle Engine Parts
• By Fuel Type: Gasoline (Petrol), Diesel, Gas, Other Fuel Types
• 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. Among these regions, Asia Pacific is the largest region in the global Vehicle Engine And Engine Parts market in 2021.

Major Market Players in the Vehicle Engine And Engine Parts market include Cummins, Toyota Motor, Denso Corporation, Delphi Automotive PLC., Federal-Mogul Corporation, Mahle GmbH, BMW AG.

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. 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.

The Vehicle Engine And Engine Parts Global Market Report 2023  provides a Vehicle Engine And Engine Parts market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The Vehicle Engine And Engine Parts market forecast analyzes Vehicle Engine And Engine Parts market size, Vehicle Engine And Engine Parts market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The vehicle engine and engine parts are components that generate the power needed to propel a car or other vehicle.

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