Automotive Engines Market to Expand in Global Market with CAGR of 6.75% during 2018-2023 With CUMMINS, FIAT, GENERAL MOTORS, TOYOTA, VOLKSWAGEN, FORD MOTOR COMPANY

Market Analysis:

Asia-Pacific to Dominate the Market
The industry in North America and Asia-Pacific regions dominated the global automotive engine market regarding revenue in 2017, with a share of over 40%. With India, Japan and China growing as global automotive hubs, the Asian region is expected to become a significant market for automotive engines during the forecasted period.

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Extensive innovations and prototypes from major automakers & OEMs, coupled with consumer preference for high-performance and fuel-efficient automobiles, are expected to drive the market for automotive engines. Automotive emissions, which accounted for over 25% of the overall greenhouse emissions, rang alarms globally in the past few years. This resulted in regulations requiring the automakers to cut down emissions. These factors forced automakers to develop better automobiles with lesser emissions and better fuel efficiency. This acted as a major propellant for the global automotive engine market. High costs, long durations for R&D of new concepts and economic crises acted as major barriers to market growth. However, on the bright side, growing automotive sector in developing countries, increasing vehicle owing households and advancements in tensile alloys are a few of the major factors opening up new prospects for the automotive engine market.

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Market Segments:
Automotive Engines Market is segmented by:
1. Placement Type: In-line Engines, V-Type, Flat Type, Other Engine Types
2. Vehicle Type: Passenger Vehicle, Commercial Vehicle, Others
3. Fuel Type: Gasoline (Petrol), Diesel, Electronic, Others
4. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments:
• Audi, using a new combustion method basing on Miller cycle, has developed a TFSI 4-cylinder engine that the company claims is the most efficient 2-litre gasoline engine in its class. This engine allows surging into the gaps at low speeds in intense traffic situations.
• Toyota has introduced the FPEF, the Free Piston Engine Linear Generator that operates like a two-stroke engine with direct gasoline injection and electrically operated valves. This prototype from Toyota has a piston that is not attached to a crankshaft, generates a burst of three-phase AC electricity and boasts a thermal efficiency rating of 42% in continuous use.

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This release was published on openPR.