Engine Blocks Market was valued at USD 12.5 Billion in 2022 and is projected to reach USD 16.2 Billion by 2030, growing at a CAGR of 4.2% from 2024 to 2030.
The global engine blocks market was valued at approximately $22.5 billion in 2022, and it is projected to grow at a compound annual growth rate (CAGR) of 4.8% from 2023 to 2028. This growth is driven by the increasing demand for high-performance engines in both the automotive and industrial sectors. As automotive manufacturers continue to innovate with advanced engine technologies and materials, the market for engine blocks is expanding. Additionally, the rise in vehicle production and the continuous advancements in engine design are contributing to the steady growth of this market segment.
Opportunity analysis reveals significant potential in emerging markets, particularly in Asia-Pacific and Latin America, where rapid industrialization and urbanization are spurring demand for new engine blocks. The expanding automotive sector in these regions, along with rising infrastructure projects, presents lucrative opportunities for market expansion. Furthermore, the shift towards electric and hybrid vehicles is creating new avenues for engine block manufacturers to innovate and capture a share of the evolving market. The integration of lightweight materials and enhanced durability features is expected to drive further growth and open new opportunities within these emerging markets.
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Honda
Toyota
Volkswagen
Hyundai
General Motors
Daimler
BMW
Tesla
Ford
Nissan
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Engine Blocks Market
Passenger Vehicle
Commercial Vehicle
Based on Types the Market is categorized into Below types that held the largest Engine Blocks market share In 2023.
The V Engine
Inline Engine
Boxer Engines
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Engine Blocks Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Engine Blocks Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Engine Blocks Market, By Type
6. Global Engine Blocks Market, By Application
7. Global Engine Blocks Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Engine Blocks Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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