With the global automotive engine market gathering pace, new innovations from highly advanced clusters in the US, Germany, Japan, and China will shape the future of mobility.

The automotive engine industry plays a vital role in the broader automotive sector. With the ever-evolving landscape of transportation, changes in the automotive engine industry can have far-reaching effects on how vehicles are designed, manufactured, and operated. In recent years, the industry has been at the forefront of significant innovation, grappling with the demands of regulatory changes, environmental concerns, and shifts in consumer preferences. According to the research report, "Global Automotive Engine Market Outlook, 2029" published by Bonafide Research, the market is anticipated to cross USD 125 Billion by 2029, increasing from USD 99.77 Billion in 2023. The market is expected to grow with 4.49% CAGR by 2024-29. The automotive industry is increasingly embracing electrification, driven by environmental concerns, government regulations, and advancements in battery technology. Automakers are investing heavily in research and development to produce more efficient and affordable electric engines. With tightening emissions standards worldwide, there is a strong emphasis on improving fuel efficiency and reducing emissions. Automakers are exploring alternative fuels such as hydrogen and biofuels, as well as technologies like turbocharging and direct injection to optimize engine performance. Advancements in autonomous and connected vehicle technologies are impacting engine design and functionality. Engine manufacturers are working to integrate these technologies, allowing for more efficient and seamless operation of vehicles. To improve fuel efficiency, automakers are using lightweight materials such as carbon fiber and aluminum in engine design. This shift not only enhances performance but also contributes to lower emissions and improved fuel economy.

The in-line engine, also known as an inline or straight engine, features a configuration where the cylinders are arranged in a single, straight line along the length of the engine. This layout offers several advantages that make it a preferred choice for many automakers. First and foremost, the design is straightforward, which simplifies the engineering and manufacturing processes. This simplicity often translates to lower production costs and easier assembly, maintenance, and repairs. The in-line engine layout also contributes to better space utilization in the engine bay, making it suitable for a wide range of vehicle sizes and types. This compact arrangement helps automakers design cars with optimized weight distribution and handling characteristics. The linear arrangement of the cylinders allows for a more balanced and smooths operation, resulting in lower levels of vibration and noise during engine function. Gasoline engines have long been the dominant force in the automotive engine industry for various reasons. One of the main advantages of gasoline engines is the widespread availability of gasoline as a fuel. Gasoline is accessible globally and is supported by extensive refueling infrastructure, which makes it a convenient and reliable option for both consumers and manufacturers. This accessibility allows gasoline engines to power a wide range of vehicles across different regions, from compact cars to large SUVs and trucks. Another key benefit of gasoline engines is their high energy density. Gasoline contains a significant amount of energy per unit of mass, enabling vehicles to travel long distances on a relatively small amount of fuel. This efficiency is particularly important for long-haul travel and transportation needs, where minimizing the frequency of refueling stops is essential for convenience and productivity.

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Passenger cars offer a versatile and practical means of transportation for daily commutes, family outings, and leisure activities. Their widespread appeal across different regions and demographics has made them the primary focus of automotive manufacturers and the dominant segment in the industry. One of the reasons for the leading position of passenger cars is their accessibility and affordability. Automakers have spent decades refining the production processes for passenger cars, resulting in cost-effective manufacturing methods and a variety of models across different price points. This accessibility allows a broad spectrum of consumers to purchase and operate passenger cars, making them an essential part of everyday life for many people. The versatility of passenger cars also contributes to their dominance. They are designed to cater to a wide range of preferences and needs, from compact, fuel-efficient city cars to spacious SUVs and minivans for families. Automakers continuously innovate and improve passenger car models to address various aspects of performance, safety, comfort, and technology, ensuring that there is a vehicle to suit almost every taste and requirement. In addition to practicality, passenger cars offer a sense of personal freedom and convenience that alternative transportation modes often cannot match. Individuals rely on their personal vehicles to travel on their own schedules and access locations not easily reachable by public transportation. This convenience is a significant factor in the sustained demand for passenger cars.

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The strong demand for powerful and efficient engines is driving the market in North America, especially the United States and Canada. Customers in this region like to use big size vehicles such as SUVs and trucks; these vehicles also need high performance and towing capacity engines. The market dynamics are further influenced by stringent emission regulations, whereby automakers are compelled to invest in advanced technologies in the building of engines, with the aim of improving fuel efficiency and reducing emissions. It is also through continuous innovation and development in various designs of engines that robust automotive manufacturing sectors, like those contributed by General Motors, Ford, and Fiat Chrysler Automobiles, keep upgrading for the changing needs of the market. The automotive engine market of Europe and CIS houses the conventional internal combustion engines and is gradually shifting towards hybrid and pure electric powertrains. Historically, Europe has been considered the pioneer with regards to automobile engineering, focusing on precision, performance, and sustainability. Regulatory pressures for cutting the carbon footprint have accelerated the adoption of smaller, turbocharged engines and advanced diesel engines that would meet the Euro standard of emission. The market benefits from the well-established supply chain of automotive and high investment in research and development. Key contributors to this market include the European countries such as Germany, the United Kingdom, and France, as these nations hold a large share in the European automotive engine market. The Asia-Pacific automotive engine market is driven by the enormous volume share of the automotive production and sales that take place mainly in China, Japan, and India. The demand in the region is broad-based, ranging from low-cost, fuel-efficient engines for compact cars to high-performance engines for luxury vehicles. With rapid urbanization, an increase in disposable incomes, and a spur in vehicle ownership, the competitive landscape of the market soars high.

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The noise about electric vehicles and hybrids due to government initiatives has just started to return some positive impact on the market by driving innovations in the ecosystem of engine technologies that complement electric drivetrains. China, since it is the largest automotive market in the world, provides considerable growth in the Asia-Pacific region in the automotive engine market. The South American automotive engine market depends on factors like stability of economy, governance policy, and consumer preference. The major contributors to this region are Brazil and Argentina in the automotive industry. It represents the marketplace that characterizes the perfect mix of domestic production and import, with a focus on low-cost, fuel-efficient engines for compact cars and SUVs. Regulatory frameworks aimed at emissions reductions and sustainable transportation boost the demand for advanced engine technologies, powertrain options. The Middle East and African automotive engine market is relatively small compared to other regions. However, it is expected to show steady growth in recent years. Economic development, investment in infrastructure, and government initiatives taken for the growth of the automotive sector will drive the market. Saudi Arabia, the United Arab Emirates, and South Africa are the key contributors to the region's automotive engine market. Demands relate essentially to engines for commercial vehicles and luxury cars.

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Considered in this report
• Geography: Global
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Regions & Countries covered in the report:
• North America (United States, Canada, Mexico)
• Europe (Germany, United Kingdom, France, Spain, Italy, Russia)
• Asia-Pacific (China, Japan, India, Australia, South Korea)
• South America (Brazil, Argentina, Colombia)
• Middle-East & Africa (UAE, Saudi Arabia, South Africa)

Aspects covered in this report
• Global automotive engine market with its value and forecast along with its segments
• Region & Country-wise advanced lead-acid batteries market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Product Type
• In-line Engine
• V-type Engine
• W Engine
• Gasoline
• Diesel
• Other Fuel

By Vehicle Type
• Passengers Car
• Motorcycles
• Commercial Vehicles
• Special Purpose Vehicles

Contact us:
Steven Thomas - Sales & Marketing Manager
E-mail: sales@bonafideresearch.com
Asia-Pacific: +91 7878231309
Europe: +44 20 8089 0049
North America: +1 201 793 8545
https://www.bonafideresearch.com/

Bonafide Research is the fastest-growing global market research and consulting company, providing syndicated research reports, customized research reports, and consulting services to a range of verticals. Bonafide Research stands out as a contemporary market research company, renowned for its unparalleled resilience and integrated approach. With an extensive database of more than 18000 reports from 60 countries and expertise across 11 diverse industry domains and even assist the companies in spectrum of services, including designing their market assessment, market entry strategies, and consumer behavior analysis etc. Since last 10 years, we have served close to 1000+ clients and it includes fortune 500 companies across the globe. Bonafide has continuously made efforts to evolve and enhance the report quality with each passing day. Bonafide Research has a strong base of analysts and consultants from assorted areas of expertise who track the latest economic, demographic, trade, and market data globally and help clients make informed business decisions. They periodically update their market research studies to ensure that their clients get the most recent, relevant, actionable, and valuable information for strategy development and to extract tangible results.

This release was published on openPR.