Global Motor Vehicle Engine, Power Train & Parts Market 2023 Report with Executive Summary, Size, Analysis and Forecast to 2032 | EXOR Group, Robert Bosch GmbH, Aisin Seiki Co Ltd., Toyota Motor Corp, Denso Corp

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per the Motor Vehicle Engine, Power Train & Parts market report by The Business Research Company, The motor vehicle engine, power train, and parts market are aided by stable economic growth forecasted in many developed and developing countries. The International Monetary Fund (IMF) predicts that global GDP growth will be 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a significant decline in the historical period, are further expected to aid the market's growth. Developed economies are also expected to register stable growth during the forecast period.

The global motor vehicle engine, power train & parts market grew from $787.29 billion in 2022 to $865.65 billion in 2023 at a compound annual growth rate (CAGR) of 10.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The motor vehicle engine, power train & parts market is expected to grow to $1217.26 billion in 2027 at a CAGR of 8.9%.

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Major competitors in the Motor Vehicle Engine, Power Train & Parts market include EXOR Group, Robert Bosch GmbH, Aisin Seiki Co Ltd., Toyota Motor Corp, Denso Corp, Schaeffler Technologies AG & Co KG, Continental AG, Gestamp Automoción, Tata Motor Group, and Dana Incorporated.

The Motor Vehicle Engine, Power Train & Parts Market is segmented -

• By Type: Vehicle Engine And Engine Parts, Power Train And Power Train Parts
• By Application: Passenger Vehicle, Commercial Vehicle
• By End Use: OEM, Aftermarket. Asia-Pacific was the largest region in the motor vehicle engines, power trains, & parts market in 2022

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A motor vehicle engine is used to propel a motor vehicle and an arrangement of gears and related components that transfers power from an engine to a driving axle is known as power train.

Vehicle engine and engine parts, power train, and power train parts are the three main types of motor vehicle engines, power trains, and parts. The vehicle engine and engine parts refer to the vehicle engine parts that are used in motor vehicles. The various applications include passenger vehicles and commercial vehicles. These are used in the OEM and aftermarket.

The Table Of Content For The Motor Vehicle Engine, Power Train & Parts Market Include:

1. Executive Summary
2. Report Structure
3. Motor Vehicle Engine, Power Train & Parts Market Characteristics
4. Motor Vehicle Engine, Power Train & Parts Market Product Analysis
5. Motor Vehicle Engine, Power Train & Parts Market Supply Chain
……
21. Key Mergers And Acquisitions In The Motor Vehicle Engine, Power Train & Parts Market
22. Market Background: Motor Vehicle Parts Manufacturing Market
23. Recommendations
24. Appendix
25. Copyright And Disclaimer

The "Global Motor Vehicle Engine, Power Train & Parts Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.

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