NEW YORK , Nov. 12, 2024 /PRNewswire/ -- Report on how AI is redefining market landscape - The global automotive engine market size is estimated to grow by USD 14.23 million from 2023-2027, according to Technavio.
The market is estimated to grow at a CAGR of 3.43% during the forecast period. High growth volume for premium vehicle segment is driving market growth, with a trend towards increasing demand for fuel efficiency.
However, increasing popularity of electric vehicles poses a challenge.Key market players include AB Volvo, BMW AG, Cummins Inc., Dr.
Ing. H.c.
F. Porsche AG, Eicher Motors Ltd., Ford Motor Co.
, General Motors Co, Honda Motor Co. Ltd, Hyundai Motor Co., MAHLE GmbH, Maruti Suzuki India Ltd.
, Mazda Motor Corp., Mercedes Benz Group AG, Mitsubishi Motors Corp., Renault SAS, Stellantis NV, Toyota Motor Corp.
, Trelleborg AB, and Yamaha Motor Co. Ltd..
Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF Automotive Engine Market Scope Report Coverage Details Base year 2022 Historic period 2017 - 2021 Forecast period 2023-2027 Growth momentum & CAGR Accelerate at a CAGR of 3.43% Market growth 2023-2027 14.
23 mn units Market structure Fragmented YoY growth 2022-2023 (%) 3.69 Regional analysis APAC, North America, Europe, South America, and Middle East and Africa Performing market contribution APAC at 38% Key countries US, China, Japan, India, and Germany Key companies profiled AB Volvo, BMW.