Automotive Engine Technologies Market Trends, Sector Overview and Forecast to 2028
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Automotive Engine Technologies Market Report Overview
The automotive engine technologies market size was estimated at 440.9 million units in 2023. The engine technologies market will register a negative CAGR of more than 1% during 2023-2028. The Asia-Pacific region led the global engine technologies market in 2023.
Automotive Engine Technologies Market Outlook 2023-2028 (Million Units)
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The automotive engine technologies market report provides a comprehensive overview of the automotive engine technologies market trends and drivers. The automotive engine technologies report also provides a detailed overview of technological developments and innovations, PESTER analysis, and leading component suppliers at a global and regional level. Furthermore, the report evaluates strategic initiatives by market players and their recent product innovations to identify growth opportunities. The report also provides an overview of patent filings across, regions, countries, and top applicants.
Market Size (2023) | 440.9 million units |
CAGR (2023-2028) | <(1)% |
Key Segments | Hybrid Fuel Injection, Fuel Injection – Gasoline Fuel Direct, Fuel Injection – Petrol Port, and Petrol Powertrain |
Key Regions | Asia-Pacific, Europe, North America, South America, and MEA |
Key Companies | Bosch Limited, Vitesco Technologies, Denso Corp, and BorgWarner |
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Automotive Engine Technologies Market Trends
The key trends in the automotive engine technologies market are improved performance of hybrid vehicles in stop-and-go traffic due to the use of regenerative braking, electric motor drive/assist, and stop-start technologies; and homogeneous charge compression ignition (HCCI) technology.
Homogeneous Charge Compression Ignition (HCCI) Technology: Hybrid electric cars are best suited for slower stop-and-go traffic, but to effectively compete with electric cars, internal combustion engines must be well suited for faster highway traffic.
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Automotive Engine Technologies Market Segmentation by Region
In 2023, Asia-Pacific emerged as the largest regional segment of the engine technologies market.
The key regions in the engine technologies market are Asia-Pacific, Europe, North America, South America, and MEA. The automotive engine technologies in the Asia Pacific region are rapidly evolving, with major automakers and OEMs investing heavily in research and development.
Automotive Engine Technologies Market Analysis by Region, 2023 (%)
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Automotive Engine Technologies Market – Competitive Landscape
The leading companies in the engine technologies market are:
- Bosch Limited
- Vitesco Technologies
- Denso Corp
- BorgWarner
DENSO has started to plan and conduct basic research on hydrogen engines for heavy commercial vehicles.
The company has taken a few strategic actions to aid the growth of the market. For instance, Denso Corporation announced that, in Brazil, it has taken over the management of three manufacturing and sales companies. Denso claims that it has integrated the management of Denso do Brasil LTDA, Denso Maquinas, and Denso Sistemas Termicos Do Brazil LTDA to strengthen its business base for future growth.
Diesel Engine Systems Market Analysis by Companies
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Automotive Engine Technologies Market Segmentation by Sectors
In 2023, fuel injection – gasoline fuel direct garnered the largest share.
The key sectors in the automotive engine technologies market are hybrid fuel injection, fuel injection – gasoline fuel direct, fuel injection – petrol port, and petrol powertrain.
Automotive Engine Technologies Market Analysis by Sectors, 2023 (%)
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Automotive Engine Technologies Market – Latest Developments
A few of the latest developments in the automotive engine technologies market are:
- In 2024, Hyundai Motor Group (HMG), comprising Hyundai Motor and Kia Corporation, has disclosed the signing of a new agreement with W L Gore & Associates (Gore), a US-based company, to bolster their collaboration in advancing polymer electrolyte membranes (PEM) for hydrogen fuel-cell systems.
- In 2023, Mahle received a series of orders from engine manufacturer Deutz for the development and supply of components for hydrogen engines.
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Key Segments Covered in this Report.
Automotive Engine Technologies Sector Outlook (Volume, Million Units, 2018-2028)
- Fuel Injection – Gasoline Fuel Direct
- Petrol Systems
- Petrol Powertrain
- Fuel Injection- Petrol Port
- Others
Automotive Engine Technologies Regional Outlook (Volume, Million Units, 2018-2028)
- Asia-Pacific
- Europe
- North America
- South America
- MEA
Scope
This report brings together multiple data sources to provide a comprehensive overview of the global Automotive Engine technologies sector. It includes an analysis of the following –
- Trends & Drivers: Provides an overview of the current sector scenario regarding the future outlook in terms of key trends and drivers of the sector.
- Technological Developments: Provides a detailed overview of technological developments and innovations in the sector.
- PESTER Analysis: Provides a detailed understanding of various factors such as political, economic, social, technological, environmental, and regulatory impacting the sector.
- Sector Forecast: Provides deep-dive analysis of the global market covering volume growth during 2018–2028, and spot estimates for 2023 and 2028. The analysis also covers a regional overview across four regions-Asia-Pacific, Europe, North America, and South America, and highlighting sector size, and growth drivers for the region.
- Competitive Landscape: Provides an overview of leading component suppliers at a global and regional level, besides analyzing the recent product innovations and key strategic initiatives taken by the companies.
- Patent Analysis: Provides an overview of patent filings in the sector across regions, countries, and top applicants.
Reasons to Buy
- Auto OEMs and component suppliers seek the latest information on how the market is evolving to formulate their sales and marketing strategies. There is also a demand for authentic market data with a high level of detail.
- This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities for growth within the sector in the region.
- The report provides a detailed analysis of the regions and competitive landscape that can help companies gain insight into the region-specific nuances.
- The analysts have also placed a significant emphasis on the key trends that drive customer choice and the future opportunities that can be explored in the region, which can help companies in revenue expansion.
- To gain competitive intelligence about leading component suppliers in the sector in the region with information about their market share and growth rates.
BMW
BorgWarner
Denso
Bosch
Table of Contents
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Frequently asked questions
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What was the automotive engine technologies market size in 2023?
The automotive engine technologies market size was estimated at 440.9 million units in 2023.
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What will be the CAGR in the automotive engine technologies market during 2023-2028?
The automotive engine technologies market will register a negative CAGR of more than 1% during 2023-2028.
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Which was the region garnering the highest engine technologies market share in 2023?
Asia-Pacific was the region garnering the highest automotive engine technologies market share in 2023.
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Who are the leading engine technologies market players?
Bosch Limited, Vitesco Technologies, Denso Corp, and BorgWarner are a few of the leading Engine Technologies market players.
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