Global Engine Components Market Size, Share, Forecast Report, 2020-2027
The global Engine Components market garnered revenue around USD 7.6 Billion in 2019 and projected to reach USD 7.4 Billion in 2027, with at a compound annual growth rate (CAGR) 2% throughout the estimate period from 2020 to 2027. the forecast period, owing to a rise in the demand for lightweight automotive components to reduce vehicle emissions and comply with international emission standards. Continuous enhancement of automobiles and prototypes by major automakers and OEMs to match consumer preference for high-performance and fuel-efficient automobiles are driving the engine components market.
Developing economies depend heavily on agriculture, and their growing population demand for high farm yield. Consequently, governments and international organizations have been initiating various schemes to promote mechanization in the agriculture sector. Agricultural mechanization is expected to propel the demand for agricultural tractors, harvesters, and cultivators among other mechanical farming equipment. These machinery are powered by either gasoline powered or diesel powered engines, which in turn is driving the global engine components market.
This research report encompasses precise assessment of the market with the help of comprehensive qualitative insights and supportable prognoses regarding market size, consumption and production. The projections presented in the report have been derived using proven research methodologies and assumptions. It does so by means of comprehensive qualitative insights, historical statistics, and verifiable predictions about market revenue and sales.
The rapidly budding threat owed to the eruption of COVID-19 is impacting lives, communities, businesses, and industries across the globe. With businesses shuttered, flights grounded, COVID-19 is about to affect the global economy in different ways such as by directly upsetting production and demand, by generating supply chain disruption, and by its financial impact on firms and financial markets. Therefore, this report covers COVID-19 outbreak impact analysis on the Engine Components market under the research study. The market estimates offered in the report are the outcome of in-depth extensive secondary research, primary interviews and in-house professional assessments. These market evaluations have been measured by reviewing the impact of numerous social, political and economic factors coupled with recent market dynamics affecting the Engine Components market growth.
The global Engine Components market is characterized by the presence of numerous small as well as medium scale companies. These players are largely focused towards forward integration via raw material production, product manufacturing, and distribution across various industry verticals. The report recognizes numerous crucial manufacturers of the market. This research study aids to comprehend the strategies and associations that companies are converging to survive in this competitive marketplace. This report assists in understanding footprints of the manufacturers with the help of their global revenue, production, capacity and average selling price analysis for period 2016-2027.
Major manufacturers analysed under this study comprises:
the global engine components market include AcDelco, AmTech International, Burgess-Norton Mfg. Co. Inc, Decora Auto Forge Pvt. Ltd., DNJ Engine Components, DREWCO Corporation, Eaton, EFC International, Federal-Mogul, GT Technologies, Hangzhou Heng Ji Trading Co., Ltd., Indo Schottle Pvt. Ltd, ITW Automotive, Kent Automotive, LISI Automotive, LuK GmbH & Co. KG, Melling, Nanjing Superior Machine & Parts Co, and Nittan Valve Co.,Ltd.
This report delivers market breakdown and its revenue, consumption, production analysis and projections by categorizing it depending on parameters such as type, application/end-user, and region. This research report delivers the analysis and prognosis of revenue, production, price, market share and growth trend for different products such as:
Global Engine Components Market: Segmentation
- Engine Components Market, by Component
- Valve Tappet/Roller Tappets
- Screw Cap Assembly
- Engine Components Market, by Application
- Passenger Vehicle
- Light Duty Vehicle
- Medium & Heavy Duty Trucks
- Buses & Coaches
- Agriculture Equipment
- Construction & Mining Equipment
- Motor Graders
- Road Rollers
- Mixer Trucks
- Dump Trucks
- Underground Mining Equipment
- Other Concrete Equipment
- Commercial Vessel
- Offshore Support Vessel
- Stationary Engines
- Utilities/Power Suppliers
- Oil & Gas
- Telecommunications & Data Centers
- Rolling Stock Diesel Engine
Regional Analysis and Forecast
Further, this research study analyses market size, production, consumption and its advancement trends at global, regional, and country level for period 2016 to 2027 and covers following region in its scope:
- North America
- United States
- United Kingdom
- Rest of EU
- Asia Pacific
- Southeast Asia
- Rest of APAC
- Central & South America
- Rest of Central & South America
- Middle East and Africa
- Saudi Arabia
- Rest of MEA