1. Market Research
  2. > Automotive
  3. > Auto Parts Market Trends
Vehicle Engine And Engine Parts Global Market Report 2022

Vehicle Engine And Engine Parts Global Market Report 2022

  • May 2022
  • 175 pages
  • ID: 6277709
  • Format: PDF
  • The Business Research Company


Table of Contents

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.

The global vehicle engine and engine parts market is expected to grow from $367.04 billion in 2021 to $399.94 billion in 2022 at a compound annual growth rate (CAGR) of 9%. The market is expected to grow to $542.1 billion in 2026 at a compound annual growth rate (CAGR) of 7.9%.

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, 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 main types in vehicle engine and engine parts are vehicle engines, 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.

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 this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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, 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 the reports by the International Energy Agency (IEA), the number of electric cars employed on the road reached10 million in 2020.

In 2019, China remained the largest car market in the world. The market share of battery electric vehicles was 58.4 percent in March 2019. With the increasing popularity of electric vehicles, the demand for engine-operated vehicles is negatively impacted thus causing an overall fall in the 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 the demand for the automobile in various economies causes lower demand for a new engine and engine part manufacturers.

According to the International Organization of Motor Vehicle Manufacturers, global car sales fall by 3.1 million in 2019. In India, the Society of Indian Automobile Manufacturers stated 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 in internal combustion engines.Manufacturers are producing engines that deliver higher 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 the fuel efficiency.

Following the trend in 2019, Mazada, 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. In the merger, Hitachi will own 67 percent and Honda will own the remainder. Through this merger, Honda and Hitachi will get access to resources and technology of 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.

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.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Grace helps you find the right report:

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

North American Class 4–8 Truck Engine Replacement Growth Opportunities

  • $ 4950
  • April 2022
  • 66 pages

The research service on the class 4–8 replacement engine aftermarket in North America forecasts the market size from 2022 to 2028. The base year is 2021, and the study period is 2018 to 2028. This study ...

  • North America
  • Motor Vehicle
  • Truck
  • Industry analysis
  • Vehicles In Operation
  • Truck Sales


Reportlinker.com © Copyright 2022. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on