The Automotive Engine Market is being driven by Stringent emission regulations
The Automotive Engine Market is expected to grow at a CAGR of 3.2% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 16.8 billion. The automotive engine market is experiencing significant transformation, driven by the introduction of innovative engine platforms that cater to evolving regulatory, environmental, and operational requirements of the industry. Notably, Cummins Group unveiled its next-generation HELM engine platforms at the Bharat Mobility Global Expo 2025, showcasing a strategic focus on cleaner, fuel-flexible, and future-ready powertrain solutions, specifically for the commercial vehicle sector. The HELM platform encompasses the BSVI-compliant L10 engine, a 10-liter diesel unit engineered to meet upcoming Bharat Stage VII and Euro 7 emissions standards. This engine signifies a substantial advancement in diesel technology, delivering enhanced performance and reduced emissions while maintaining the robustness essential for heavy-duty applications.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
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Report Coverage |
Details |
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Page number |
231 |
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Base year |
2024 |
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Historic period |
2019-2023 |
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Forecast period |
2025-2029 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 3.2% |
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Market growth 2025-2029 |
USD 16.8 billion |
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Market structure |
fragmentation |
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YoY growth 2024-2025(%) |
3.0 |
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Key countries |
China, US, Japan, India, Mexico, Germany, South Korea, Brazil, Spain, and France |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Automotive Engine Market is focused on advancements in engine optimization, downsizing, and the use of lightweight materials to enhance combustion efficiency. Innovations include improved fuel-air mixtures through air intake systems and exhaust systems, as well as sensors and actuators for engine calibration software and simulation. Safety, security, and connectivity are also prioritized, with infotainment systems, driver monitoring, telematics, data analytics, and vehicle electronics. Engine wear, longevity, and life cycle are addressed through recycling and disposal methods. Sustainable engines, efficiency trends, and future technologies, such as hybrid-electric vehicles (HEVs), electric powertrains, electric drive units, electric motors, electric generators, and electric controllers, are shaping the market, along with advancements in electric vehicle charging, including fast and wireless options.
The global automotive components and equipment market encompasses businesses producing parts and accessories for various vehicle types, including passenger cars (PCs), electric vehicles (EVs), commercial vehicles (CVs), heavy-duty vehicles, off-road vehicles, motorcycles, scooters, quad bikes, and three-wheelers. According to Technavio, the market size is determined by the consolidated revenue of automotive components and equipment manufacturers. Key growth drivers in this sector include the rising demand for electronic components in automobiles, such as electronic control units (ECUs) and other electrical components, fueled by the escalating sales of EVs, motorcycles, and PCs over the past decade. Additionally, the adoption of advanced technologies like internal combustion engines with direct injection, electric motors, hybrid powertrains, fuel injection systems, catalytic converters, engine management systems, and emissions control systems will further fuel market expansion.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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