Global Vehicle Production Drives Growth In Vehicle Engine And Engine Parts Market: Critical Driver Shaping the Vehicle Engine And Engine Parts Market in 2025

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Vehicle Engine And Engine Parts Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In the past few years, the market size for vehicle engines and engine parts has seen substantial growth. Predictions point to an increase from $459.63 billion in 2024 to $493.89 billion in 2025, with a compound annual growth rate (CAGR) of 7.5%. The surge in growth during the historic period is believed to stem from the industrial revolution, mass production of automobiles, environmental regulations, and globalization of auto manufacturing.

Vehicle Engine And Engine Parts Market Size Forecast: What's the Projected Valuation by 2029?
In the coming years, the market size for vehicle engines and engine components is anticipated to experience substantial growth. The market is projected to expand to $630.69 billion by 2029, with a compound annual growth rate (CAGR) of 6.3%. Factors such as vehicle electrification, self-driving cars, lightweight and fuel-efficient design, 5G and connectivity, as well as green energy and hydrogen, contribute to this growth during the forecast period. The period is also expected to see trends like advanced materials, hybrid powertrains, increased digitalization and incorporation of the Internet of Things (IoT), 3D printing, additive manufacturing, and a circular economy.

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What Are the Drivers Transforming the Vehicle Engine And Engine Parts Market?
The surge in automobile production is anticipated to fuel the growth of the vehicle engine and engine parts marketplace. Manufacturers of vehicles utilize various engine components and parts in their manufacturing process. Data provided by the International Organization of Motor Vehicle Manufacturers, an international car trade association based in Paris, indicated that the global vehicle production from January to September 2022 rose to 57.2 million units, up from 52.1 million units during the same timeframe in 2021. Consequently, the escalating rates of automobile production worldwide is projected to propel expansion in the vehicle engine and engine parts market.

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What Long-Term Trends Will Define the Future of the Vehicle Engine And Engine Parts Market?
The slump in the automobile industry hampers the expansion of the vehicle engine and engine parts market. The decreased appetite for automobiles across different markets results in a lower need for new engines and their components. Based on the data from the Society of Indian Automobile Manufacturers, passenger car sales fell from 1,541,866 units in 2021 to 1,467,056 units in 2022.

Which Segments in the Vehicle Engine And Engine Parts Market Offer the Most Profit Potential?
The vehicle engine and engine parts market covered in this report is segmented -

1) By Product Type: Vehicle Engines, Vehicle Engine Parts
2) By Fuel Type: Gasoline (Petrol), Diesel, Gas, Other Fuel Types
3) By Placement Type: In-line Engine, W Engine And V-Type

Subsegments:
1) By Vehicle Engines: Internal Combustion Engines (ICE), Electric Vehicle (EV) Motors, Hybrid Vehicle Engines, Gasoline Engines, Diesel Engines, Natural Gas Engines, Hydrogen Engines, Engine Control Units (ECU)
2) By Vehicle Engine Parts: Pistons, Crankshafts, Cylinder Heads, Camshafts, Engine Blocks, Timing Belts Or Chains, Turbochargers, Oil Pumps, Water Pumps, Valve Lifters, Timing Gears, Fuel Injectors, Bearings, Gaskets And Seals

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Which Firms Dominate the Vehicle Engine And Engine Parts Market by Market Share and Revenue in 2025?
Major companies operating in the vehicle engine and engine parts market include Cummins Inc., Toyota Motor Corporation, DENSO Corporation, Delphi Technologies PLC, Federal-Mogul LLC, MAHLE GmbH, Bayerische Motoren Werke Aktiengesellschaft, General Motors Company, Volkswagen AG, Fiat Chrysler Automobiles N.V., Volkswagen Group, Daimler AG, Stellantis N.V., Hyundai Motor Group, Nissan Motor Co. Ltd., Subaru Corporation, Volvo Group, Caterpillar Inc., Navistar International Corporation, Deere & Company, MAN Truck & Bus SE, Scania AB, PACCAR Inc., Wärtsilä Corporation, Perkins Engines Company Limited, MTU Friedrichshafen GmbH, Isuzu Motors Limited, CNH Industrial N.V.

Which Regions Offer the Highest Growth Potential in the Vehicle Engine And Engine Parts Market?
Asia-Pacific was the largest region in the vehicle engine and engine parts market in 2023. Western Europe was the second largest region in the vehicle engine and engine parts market. The regions covered in the vehicle engine and engine parts market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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