Press release
Global Automotive Engine Market 2017-2021: Key vendors - Cummins, General Motors, Fiat
An engine is a device that helps convert the chemical energy of fuel into mechanical energy to produce power. The internal combustion (IC) engine used in the automobiles is fueled by petrol, diesel, propane or natural gas. The growth of the automotive engines is hindered with the rising demand for electric and hybrid vehicles. Among the types of the engine, in-line engines, which accounted for around 73% of the share in 2016 are the widely used engines in automobiles.
Technavios analysts forecast the global automotive engine market to grow at a CAGR of 3.00% during the period 2017-2021.
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Covered in this report
The report covers the present scenario and the growth prospects of the global automotive engine market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Automotive Engine Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key vendors
Cummins
General Motors
Fiat
Ford Motor Company
Toyota
Volkswagen
Other prominent vendors
BMW
Daimler Group
Honda
Hyundai
Mitsubishi Motors
PSA Group
Renault
Suzuki
Volvo
Market driver
Increase in engine downsizing
For a full, detailed list, view our report
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Market challenge
High cost associated with new vehicle development
For a full, detailed list, view our report
Market trend
Development of multi-fuel engines
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
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