Motor Vehicle Engine Market

Motor vehicle engine market: find new data featured by an Ai-driven market intelligence tool. Data provide market size, imports, companies, market prices, production, consumption, trade, and exports. There is a breakdown by country, including Africa, Latin America, EU, the U.K., the U.S., Russia, China, and the Middle East. Market insights and outlook to 2030 are also provided in the dashboards.

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Motor Vehicle Engine - World's Largest Markets

In value terms, China, the United States and India were the countries with the highest levels of market value in 2020, together comprising 46% of the global market. These countries were followed by Mexico, Japan, Canada, Indonesia, Russia, Spain, Turkey, France, Brazil and Italy, which together accounted for a further 29%.

In terms of the main consuming countries, Canada recorded the highest rates of growth with regard to market size, over the period under review, while motor vehicle engine market for the other global leaders experienced more modest paces of growth.

Motor Vehicle Engine Prices

Motor Vehicle Engine - Top Importers

In value terms, the United States ($8.1B) constitutes the largest market for imported motor vehicle engines (spark-ignition) worldwide, comprising 25% of global imports. The second position in the ranking was occupied by Canada ($3.5B), with a 11% share of global imports. It was followed by Germany, with a 8.7% share.

In the United States, motor vehicle engine imports plunged by an average annual rate of -7.9% over the period from 2018-2020. In the other countries, the average annual rates were as follows: Canada (-7.7% per year) and Germany (-15.9% per year).

Motor Vehicle Engine - Top Exporters

In value terms, the largest motor vehicle engine supplying countries worldwide were the United States ($4.7B), Germany ($4.5B) and Hungary ($3B), with a combined 36% share of global exports. These countries were followed by Mexico, Japan, Austria, Canada, France, China, the UK, Poland, South Korea and Spain, which together accounted for a further 50%.

France (+54.6% per year) recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Motor Vehicle Engine - Market Forecast

Driven by increasing demand for motor vehicle engine worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Motor Vehicle Engine - Top Companies

HYUNDAI MOBIS Co., Ltd., Weichai Power Co., Ltd., Cummins Inc., TRW Automotive Inc., Jinlong Alloy Industry Co., Ltd., Wärtsilä Oyj Abp, Brunswick Corporation, Rolls-Royce Power Systems AG, YANMAR CO.,LTD., MAN Energy Solutions SE, MTU Friedrichshafen GmbH, CUMMINS LTD., Detroit Diesel Corporation, GE Hungary Ipari és Kereskedelmi Korlátolt Felelösségü Társaság, Wärtsilä Finland Oy, SIAM TOYOTA MANUFACTURING COMPANY LIMITED, GE ENERGY PRODUCTS FRANCE SNC, Briggs & Stratton Corporation, DEUTZ AG, TPR CO., LTD.

Motor Vehicle Engine - Product Coverage

• HS 840731 - Engines; reciprocating piston engines, of a kind used for the propulsion of vehicles of chapter 87, of a cylinder capacity not exceeding 50cc
• HS 840732 - Engines; reciprocating piston engines, of a kind used for the propulsion of vehicles of chapter 87, of a cylinder capacity exceeding 50cc but not exceeding 250cc
• HS 840733 - Engines; reciprocating piston engines, of a kind used for the propulsion of vehicles of chapter 87, of a cylinder capacity exceeding 250cc but not exceeding 1000cc
• HS 840734 - Engines; reciprocating piston engines, of a kind used for the propulsion of vehicles of chapter 87, of a cylinder capacity exceeding 1000cc
• Prodcom 29101100 - Spark-ignition reciprocating internal combustion piston engines, for the vehicles of HS .87 (excluding motorcycles), of a cylinder capacity . 1 .000 cm.
• Prodcom 29101200 - Spark-ignition reciprocating internal combustion piston engines, for the vehicles of HS .87 (excluding motorcycles), of a cylinder capacity > 1 .000 cm.

Source: IndexBox Market Intelligence Platform