Vehicle Engine And Engine Parts Market 2021 Analysis by Global Manufacturers - Cummins; Toyota Motor; DENSO Corporation; Delphi Automotive PLC

Global Vehicle Engine And Engine Parts Market Size and Forecast to 2021 – 2030 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data. The research analysts provide a detailed description of the value chain and its distributor analysis. This Market study provides comprehend Vehicle Engine And Engine Parts data that enhances the understanding, scope, and application of this report.

The study includes market share analysis and profiles of players such as Cummins; Toyota Motor; DENSO Corporation; Delphi Automotive PLC; Federal Mogul Corporation; MAHLE GmbH; BMW AG; General Motors; Volkswagen AG; Fiat Automobiles SpA.

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The global vehicle engine and engine parts market is expected to grow from $228.99 billion in 2020 to $240.45 billion in 2021 at a compound annual growth rate (CAGR) of 5%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $324.16 billion in 2025 at a CAGR of 8%.

Market Overview:

The vehicle engine and engine parts market consist of the sales of 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 growth for 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 does not contribute towards the 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 electric cars employing on the road is expected to reach almost 10 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 vehicle engine and engine parts market.

Industry News and Update:

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 will be completed in two steps with Honda making share offer to Keihin Corp., Showa Corp. and Nissin Kogyo following which Hitachi will make 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 an 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.

Market Scope:

1) By Product Type: Vehicle Engines; Vehicle Engine Parts

2) By Fuel Type: Gasoline (Petrol); Diesel; Gas; Others

3) By Placement Type: In-line Engine, W Engine and V-Type

Browse the report description and TOC:

https://www.marketinsightsreports.com/reports/08103166891/vehicle-engine-and-engine-parts-global-market-report-2021-covid-19-impact-and-recovery-to-2030-including-1-by-product-type-vehicle-engines-vehicle-engine-parts-2-by-fuel-type-gasoline-petrol-diesel-gas-others-3-by-placement-type-in-line-engine-w-engine-and-v-type-covering-cummins-toyota-motor-denso-corporation-delphi-automotive-plc-federal-mogul-corporation?Mode=A28

Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the Organic Soft Drinks market.

Region Coverage: Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Countries Coverage: USA, France, Germany, UK, China, Australia, India, Indonesia, Japan, South Korea, Russia, Brazil

The study objectives of this report are:

To study and analyze the global Vehicle Engine And Engine Parts size (value and volume) by the company, key regions/countries, products and application, history data from 2020 to 2025, and forecast to 2030.
To understand the structure of Vehicle Engine And Engine Parts by identifying its various sub-segments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global Vehicle Engine And Engine Parts manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
To analyze the Vehicle Engine And Engine Parts with respect to individual growth trends, future prospects, and their contribution to the total market.
To project the value and volume of Vehicle Engine And Engine Parts submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

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