DUBLIN, Mar 08, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Automotive Engine Market - Forecasts and Trends (2016 - 2021)" report to their offering.
Extensive innovations and prototypes from major automakers & OEMs, coupled with consumer preference for high performance and fuel-efficient automobiles are expected to drive the global market for automotive engines at a CAGR of 6.45% till 2020.
Automotive emissions, which accounted to over 25% of the overall greenhouse emissions, rang alarms globally. This subsequently resulted in regulations, requiring the automakers to cut down emissions of their produce. Further, EPA and CAFE standards became more stringent, levying heavy fines on automakers that don't reach the standard mpg levels. These factors as a whole, forced the automakers to develop better automobiles with lesser emissions and better fuel efficiency.
This acted as a major propellant for the global automotive engine market. High costs, long duration for R&D of new concepts and economic crisis, acted as major barriers for the market growth. However, on the bright side, growing automotive sector in developing countries, increasing vehicle owing households and advancements in tensile alloys are few of the major factors, opening up new prospects for the automotive engine market.
The industry in North America and Asia pacific regions dominated the global automotive engine market in terms of revenue, with a share of over 40% in 2015. Asia pacific region, in the light of India, Japan and China growing as global automotive manufacture hubs, is expected to continue as a major market for automotive engines during the forecasted period. Germany, with its innovative and technologically advanced automotive industry, is expected to witness higher CAGR for the former market, within European countries. Mexico is on the verge of becoming a major market for automotive engines, while Russia and Australia are expected to witness slower growth rates in the sector, over the coming 5 years.
- AB Volvo
- Cummins Inc.
- Fiat S.P.A
- Ford Motor Company
- General Motors
- Hyundai Motor Company
- Jaguar Cars
- Mahle Powertrain Ltd
- Mazda Speed
- Mitsubishi Heavy Industries
- Scania AB
- Volkswagen Group
- Yamaha Corporation
- Eicher Motors
Key Topics Covered:
2. Executive Summary
3. Market Overview And Technology Trends
4. Market Dynamics
5. Global Automotive Engine Market, By Placement Type
6. Global Automotive Engine Market, By Vehicle Type
7. Global Automotive Engine Market, By Fuel Type
8. Global Automotive Engine Market, By Geography
9. Competitive Landscape
10. Key Vendor Analysis
11. Future Outlook Of The Market
For more information about this report visit http://www.researchandmarkets.com/research/7wb8gf/global_automotive
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SOURCE Research and Markets