(MENAFN – GetNews) Volkswagen AG Is One Of The Largest Companies In The Vehicle Engine And Engine Parts Market, According To TBRC’s Report
(Companies: Cummins, Toyota Motor, DENSO Corporation, Delphi Automotive PLC, Federal Mogul Corporation, MAHLE GmbH, BMW AG, General Motors, Volkswagen AG, and Fiat Automobiles SpA)
The global vehicle engine and engine parts market reached a value of nearly $240.2 billion in 2019. Asia Pacific was the largest region in the vehicle engine and engine parts market in 2019. The vehicle engine and engine parts market consist of the sales of motor vehicle engine and engine parts and related services used in bikes, passenger cars, racing cars, commercial vehicles, marine, agricultural equipment, and earth-moving equipment. The engine parts consist of an engine cylinder head, engine cylinder block, alternator, a/c compressor, power steering pump, flywheel, clutch assembly, clutch housing and transmission. The vehicle engine and engine parts market does not include engines for electric vehicles.
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Vehicle Engine And Engine Parts Market Size
The global vehicle engine and engine parts market is expected to grow at a rate of about 8.92% to nearly $338.1 billion by 2023. The growth for the vehicle engine and engine parts market is restricted by the growing popularity of the electric vehicles all over the world. These battery-operated cars are not only easier to maintain, but also do not contribute towards air pollution. Declining sales in the automobile sector restricts the growth of the vehicle engine and engine parts market as well.
Companies operating in the vehicle engine and engine parts market are investing towards improving the fuel efficiency in internal combustion engines. Manufacturers are producing engines that deliver higher power and improve fuel economy. Improving the fuel efficiency of vehicle engines serves as an economical solution as well as reduces the emission of harmful pollutants into the air.
Major players in the market are Cummins, Toyota Motor, DENSO Corporation, Delphi Automotive PLC , Federal Mogul Corporation, MAHLE GmbH, BMW AG, General Motors, Volkswagen AG, and Fiat Automobiles SpA.
Volkswagen AG, known internationally as the Volkswagen Group, is a German multinational automotive manufacturing company headquartered in Wolfsburg, Lower Saxony, Germany, and indirectly majority owned by Austrian Porsche and Piëch families.
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Few Points From Table of Contents:
1. Executive Summary
2. Vehicle Engine And Engine Parts Market Characteristics
3. Vehicle Engine And Engine Parts Market Size And Growth
3.1. Global Vehicle Engine And Engine Parts Historic Market, 2015 – 2019, $ Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Vehicle Engine And Engine Parts Forecast Market, 2019 – 2023F, 2025F, 2030F, $ Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. Vehicle Engine And Engine Parts Market Segmentation
4.1. Global Vehicle Engine And Engine Parts Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
Vehicle Engines
Vehicle Engine Parts
4.2. Global Vehicle Engine And Engine Parts Market, Segmentation By Fuel Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
Gasoline (Petrol)
Diesel
Gas
Others
5. Vehicle Engine And Engine Parts Market Regional And Country Analysis
5.1. Global Vehicle Engine And Engine Parts Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5.2. Global Vehicle Engine And Engine Parts Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
6. Asia-Pacific Vehicle Engine And Engine Parts Market
6.1. Asia-Pacific Vehicle Engine And Engine Parts Market Overview
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