Product Code: ETC13279419 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Engine Components Market was valued at USD 28.5 Billion in 2024 and is expected to reach USD 41.2 Billion by 2031, growing at a compound annual growth rate of 7.10% during the forecast period (2025-2031).
The Global Engine Components Market is witnessing steady growth driven by increasing demand for automobiles, rising vehicle production, and advancements in engine technology. Key components such as pistons, crankshafts, camshafts, engine valves, and cylinder heads are crucial for the efficient performance of engines across various industries including automotive, aerospace, marine, and power generation. The market is highly competitive with key players focusing on product innovation, research and development, and strategic partnerships to gain a competitive edge. Growing environmental concerns and stringent emission regulations are also driving the market towards lightweight and fuel-efficient engine components. Asia-Pacific region is expected to dominate the market due to the presence of major automotive manufacturers and increasing investments in infrastructure development. Overall, the Global Engine Components Market is poised for growth with opportunities for technological advancements and market expansion.
The Global Engine Components Market is witnessing a shift towards lightweight materials such as aluminum and composites to improve fuel efficiency and reduce emissions. Increasing demand for electric vehicles is also driving the market as manufacturers focus on developing components for electric powertrains. Furthermore, the growing trend of engine downsizing and turbocharging to meet stringent emission regulations is creating opportunities for innovative engine components such as turbochargers and direct injection systems. The aftermarket segment is also experiencing growth due to the increasing vehicle parc and consumers opting for high-performance engine components. Overall, the Global Engine Components Market is poised for growth, driven by technological advancements and the shift towards greener and more efficient propulsion systems.
The Global Engine Components Market faces several challenges, including increasing competition from low-cost manufacturers, fluctuating raw material prices, stringent emissions regulations requiring innovative technology investments, and the shift towards electric vehicles reducing the demand for traditional engine components. Additionally, the complexity of modern engines and the need for high-performance and lightweight materials pose technical challenges for manufacturers. Market fragmentation and the need to constantly innovate and adapt to changing consumer preferences further add to the complexity of the market. Overall, companies in the Global Engine Components Market must navigate these challenges effectively to remain competitive and meet the evolving needs of the automotive industry.
The Global Engine Components Market is primarily driven by the increasing demand for fuel-efficient vehicles and the growing automotive industry worldwide. Stringent government regulations aimed at reducing emissions and improving engine performance have also fueled the market growth. Additionally, the rising focus on electric vehicles and hybrid technologies is creating opportunities for engine component manufacturers to innovate and develop advanced products. The aftermarket segment is another key driver, driven by the need for regular maintenance and replacement of engine components in existing vehicles. Furthermore, technological advancements such as lightweight materials, advanced coatings, and additive manufacturing are expected to further propel the market growth in the coming years.
Government policies related to the Global Engine Components Market vary by region and country. Some common policies include emission regulations that drive the demand for more fuel-efficient engine components, such as lightweight materials and advanced technologies for reducing carbon emissions. In addition, governments often provide incentives or subsidies for the development and adoption of electric vehicle components to promote cleaner transportation options. Trade policies and tariffs also play a significant role in shaping the global engine components market, affecting the cost and availability of components sourced from different regions. Overall, government policies aim to balance economic growth with environmental sustainability and technological innovation within the engine components market.
The Global Engine Components Market is poised for steady growth in the coming years, driven by increasing demand for more efficient and environmentally-friendly vehicles. Technological advancements such as lightweight materials, advanced coatings, and additive manufacturing are expected to revolutionize the industry, leading to improved performance and durability of engine components. Additionally, the rising trend of electric vehicles and hybrid vehicles is creating opportunities for new types of engine components. Market players are focusing on innovations to cater to changing consumer preferences and stringent regulations related to emissions and fuel efficiency. Overall, the Global Engine Components Market is projected to expand significantly, with key players investing in research and development to stay competitive in this dynamic landscape.
In the Global Engine Components Market, Asia is expected to witness significant growth due to the booming automotive industry in countries like China and India. North America is projected to show steady demand for engine components, driven by the presence of major automotive manufacturers and a growing focus on enhancing fuel efficiency. In Europe, stringent emission regulations are likely to drive the adoption of advanced engine components. The Middle East and Africa region is anticipated to experience moderate growth attributed to increasing investments in infrastructure and industrial development. Latin America is expected to showcase a gradual increase in demand for engine components, supported by the expanding automotive sector in countries such as Brazil and Mexico. Overall, the global engine components market is poised for growth across all regions, driven by technological advancements and increasing demand for efficient and sustainable automotive solutions.
Global Engine Components Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Engine Components Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Engine Components Market Revenues & Volume, 2021 & 2031F |
3.3 Global Engine Components Market - Industry Life Cycle |
3.4 Global Engine Components Market - Porter's Five Forces |
3.5 Global Engine Components Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Engine Components Market Revenues & Volume Share, By Components, 2021 & 2031F |
3.7 Global Engine Components Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Global Engine Components Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Engine Components Market Trends |
6 Global Engine Components Market, 2021 - 2031 |
6.1 Global Engine Components Market, Revenues & Volume, By Components, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Engine Components Market, Revenues & Volume, By Valve tappet/ Roller tappet, 2021 - 2031 |
6.1.3 Global Engine Components Market, Revenues & Volume, By Screw Cap Assembly, 2021 - 2031 |
6.1.4 Global Engine Components Market, Revenues & Volume, By Collet/Cotter, 2021 - 2031 |
6.1.5 Global Engine Components Market, Revenues & Volume, By Retiner, 2021 - 2031 |
6.2 Global Engine Components Market, Revenues & Volume, By Application, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Engine Components Market, Revenues & Volume, By Automotive, 2021 - 2031 |
6.2.3 Global Engine Components Market, Revenues & Volume, By Passenger Vehicle, 2021 - 2031 |
6.2.4 Global Engine Components Market, Revenues & Volume, By Ligjht Duty Vehicle, 2021 - 2031 |
6.2.5 Global Engine Components Market, Revenues & Volume, By Medium & Heavy Duty Trucks, 2021 - 2031 |
6.2.6 Global Engine Components Market, Revenues & Volume, By Buses & Coaches, 2021 - 2031 |
6.2.7 Global Engine Components Market, Revenues & Volume, By Two-wheelers, 2021 - 2031 |
6.2.8 Global Engine Components Market, Revenues & Volume, By Agriculture, 2021 - 2031 |
6.2.9 Global Engine Components Market, Revenues & Volume, By Tractors, 2021 - 2031 |
6.3.1 Overview & Analysis |
7 North America Engine Components Market, Overview & Analysis |
7.1 North America Engine Components Market Revenues & Volume, 2021 - 2031 |
7.2 North America Engine Components Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Engine Components Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Engine Components Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Engine Components Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Engine Components Market, Revenues & Volume, By Components, 2021 - 2031 |
7.4 North America Engine Components Market, Revenues & Volume, By Application, 2021 - 2031 |
8 Latin America (LATAM) Engine Components Market, Overview & Analysis |
8.1 Latin America (LATAM) Engine Components Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Engine Components Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Engine Components Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Engine Components Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Engine Components Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Engine Components Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Engine Components Market, Revenues & Volume, By Components, 2021 - 2031 |
8.4 Latin America (LATAM) Engine Components Market, Revenues & Volume, By Application, 2021 - 2031 |
9 Asia Engine Components Market, Overview & Analysis |
9.1 Asia Engine Components Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Engine Components Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Engine Components Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Engine Components Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Engine Components Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Engine Components Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Engine Components Market, Revenues & Volume, By Components, 2021 - 2031 |
9.4 Asia Engine Components Market, Revenues & Volume, By Application, 2021 - 2031 |
10 Africa Engine Components Market, Overview & Analysis |
10.1 Africa Engine Components Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Engine Components Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Engine Components Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Engine Components Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Engine Components Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Engine Components Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Engine Components Market, Revenues & Volume, By Components, 2021 - 2031 |
10.4 Africa Engine Components Market, Revenues & Volume, By Application, 2021 - 2031 |
11 Europe Engine Components Market, Overview & Analysis |
11.1 Europe Engine Components Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Engine Components Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Engine Components Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Engine Components Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Engine Components Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Engine Components Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Engine Components Market, Revenues & Volume, By Components, 2021 - 2031 |
11.4 Europe Engine Components Market, Revenues & Volume, By Application, 2021 - 2031 |
12 Middle East Engine Components Market, Overview & Analysis |
12.1 Middle East Engine Components Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Engine Components Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Engine Components Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Engine Components Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Engine Components Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Engine Components Market, Revenues & Volume, By Components, 2021 - 2031 |
12.4 Middle East Engine Components Market, Revenues & Volume, By Application, 2021 - 2031 |
13 Global Engine Components Market Key Performance Indicators |
14 Global Engine Components Market - Export/Import By Countries Assessment |
15 Global Engine Components Market - Opportunity Assessment |
15.1 Global Engine Components Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Engine Components Market Opportunity Assessment, By Components, 2021 & 2031F |
15.3 Global Engine Components Market Opportunity Assessment, By Application, 2021 & 2031F |
16 Global Engine Components Market - Competitive Landscape |
16.1 Global Engine Components Market Revenue Share, By Companies, 2024 |
16.2 Global Engine Components Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |