Automotive Engines Market
Automotive Engines Market Forecasts to 2030 - Global Analysis By Placement Type (In-line Engine, W Engine and V-Type), Fuel Type (Gasoline, Diesel and Other Fuel Types), Applications (Passenger cars, Commercial Vehicles, Motorcycles, Off-Highway Vehicles and Other Applications) and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $102.89 BN |
|
Projected Year Value (2030) |
US $142.10 BN |
|
CAGR (2023 - 2030) |
4.72% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Automotive Engines Market is accounted for $102.89 billion in 2023 and is expected to reach $142.10 billion by 2030 growing at a CAGR of 4.72% during the forecast period. Automobile engines are designed with the needs of practical vehicle operation, improving engine cycle operations and torque curve shape. It also aims to reduce fuel usage and parasitic losses. Choosing transmission ratios that are appropriate for the engine and maximizing drivetrain efficiency are the main goals of drivetrain design. Vehicle engineering is growing as a result of new engine technologies like variable displacement engines (VDEs), hydrogen, and hybrids. Excellent performance and fuel efficiency are offered by VDE and hybrid engines.
According to the International Energy Agency (IEA), China accounted for the largest fleet with 3.33 million electric cars; while, Europe was the second-largest one, in 2021. There is an increase in electric car registrations since 2018, even during the pandemic it was higher.
Market Dynamics:
Driver:
Improved engine efficiency and performance
The development of pollution-free engines is a result of the rising need for better engine performance and greater fuel efficiency to satisfy legislative laws to minimize car emissions. These regulations make an effort to lower the amount of dangerous emissions that cars emit. Some of these cars come equipped with variable displacement engines (VDEs), also referred to as hybrid engines. The global automotive engine industry is expanding primarily due to continuous measures to replace engines in existing vehicle fleets. Due in part to the cheap rates automakers charge for their products, there is a rising demand for passenger automobiles in developing countries.
Restraint:
Growing interest in electric vehicles
To develop new technologies, significant financial investments in research and development are required. Testing and retesting different technological components at various stages is a part of research and development (R&D). As a result, market expansion is slowed by the extensive time commitment needed to make the considerable investments in developing a whole new class of engines. Undoubtedly, the sector's progress will be hampered by the rising demand for electric vehicles and the high costs connected with developing new technology. If large sums of money are spent on research and development while creating new technologies, there will surely be barriers in the way of the development of the electric car industry.
Opportunity:
Manufacturers prioritize advanced technologies
During the forecast period, it is expected that the automotive engine market's value would rise significantly. This is due to the fact that manufacturers are focusing on creating cutting-edge technology to extend the lifespan and engine lifecycle of typical vehicles, like engine control unit replacement. Due to the rising demand for lighter, fuel-efficient cars, it is projected that market participants will have possibilities to profit throughout the time in question.
Threat:
Design and creation of a system that satisfies ever-tougher emission standards
The design and development of a system that conforms to ever-tougher emission requirements is the main problem facing OEMs over the forecast period. It is difficult to design a system that can produce a high output while using little fuel and emitting few emissions since when one parameter is changed, the other tends to vary. For instance, if fuel input is restricted to lower fuel consumption, power output is decreased. OEMs are therefore closely involved in the R&D of such systems in order to create an optimized EMS. Engineers now have new tools at their disposal to create improvements and designs specifically for EMS. These OEMs demand adaptable control units that make it simple to perform control system functions.
Covid-19 Impact:
Over the projected period, it is anticipated that the effects of the pandemic would still be felt by the economy. The automotive industry was severely damaged by supply chain disruptions brought on by global lockdowns and restrictions, which briefly halted operations at many industrial plants. Shipment delays and a decline in manufacturing numbers later had an impact on total production. The engine sector was impacted by the decline in sales of both passenger and commercial vehicles.
The passenger cars segment is expected to be the largest during the forecast period
As the number of cars on the road increases globally, OEMs are creating a range of engines based on distinct passenger car categories. For example, common rail direct injection (CRDI), variable valve technology (VVT), multi-fuel engines, turbocharger technology, and variable valve technology are examples of technological advances in automotive engines that provide the high power and torque required for luxury category automobiles. OEMs are working to create engines that are lightweight and have a high power output.
The diesel segment is expected to have the highest CAGR during the forecast period
Medium-duty trucks, international cruise liners, and power generators are just a few of the equipment and vehicles that use diesel engines. Diesel engines are a popular choice due to characteristics including great fuel efficiency, cheap operating costs, and dependability. As diesel engines run at a much slower revolution per minute (RPM), less wear and tear results in a longer engine life cycle. Diesel engines are now the manufacturer of choice due to their technical benefits, which is fueling the segment's expansion.
Region with largest share:
The North America region market is estimated to witness the largest share of the global Automotive Engines market. North America is home to nations with advanced economies like the United States and Canada. The market is expanding primarily due to the presence of long-standing original equipment manufacturers, which provide as a solid base for the region's robust development and market expansion. The demand for commercial vehicles in North America is expected to be driven by increasing infrastructure investment, advancements in driving technology, and the continued growth of local to international supply chain networks.
Region with highest CAGR:
Asia Pacific is projected to have the highest CAGR over the forecast period. Market expansion will be fuelled by the developing automotive sector in developing nations like China and India. The Make in India initiative is anticipated to attract significant investment in the automobile industry due to India's advantages in terms of labor costs and lower-cost raw materials. Furthermore, as two of the world's fastest-growing economies, China and India have extensive supply chains and logistics networks. The demand for automobile engines will rise as a result of all these factors.
Key players in the market
Some of the key players in Automotive Engines market include BMW, Cummins Inc., Eicher Motors Limited, Fiat Automobiles SpA, Ford, General Motors, Honda Motor Company Ltd, Hyundai Motor Company, Mazda Motor Corporation, Mercedes-Benz, Mitsubishi Motors, Peugeot/Citroen, Scania AB, Suzuki Motor Corporation, Toyota Motor Corporation, Volkswagen AG and Yamaha Corporation.
Key Developments:
In November 2022, French automotive giant Renault Groupe discussed its plans to focus on producing IC engines during its longer-term vision. The company have signed a non-binding framework agreement with GeelyHoldings for establishing production units, supply power trains, and IC engines for upcoming mild hybrid and IC engine vehicles
In April 2022, Toyota announced an investment of USD 383 million in four of its US manufacturing plants to support the production of its four-cylinder engines, including hybrid electric vehicles. In addition, Toyota Alabama in Huntsville plant received USD 222 million to expand 114,000 sq ft and install a new four-cylinder production line to produce engines for both combustion and hybrid electric powertrain
In November 2021, Dongfeng Motor Company Limited announced that it had signed a cooperation agreement with Dongfeng Cummins Engine Co. Ltd. on a heavy-duty engine R&D and manufacturing project in Xiangyang National Hi-tech Industry Development Zone in Hubei Province
Placement Types Covered:
• In-line Engine
• W Engine
• V-Type
Fuel Types Covered:
• Gasoline
• Diesel
• Other Fuel Types
Applications Covered:
• Passenger Cars
• Commercial Vehicles
• Motorcycles
• Off-Highway Vehicles
• Recreational Vehicles (RVs)
• Powering boats and watercraft
• Power Generation
• Racing and Performance
• Hybrid and Electric Vehicles
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026 and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Automotive Engines Market, By Placement Type
5.1 Introduction
5.2 In-line Engine
5.3 W Engine
5.4 V-Type
6 Global Automotive Engines Market, By Fuel Type
6.1 Introduction
6.2 Gasoline
6.3 Diesel
6.4 Other Fuel Types
7 Global Automotive Engines Market, By Applications
7.1 Introduction
7.2 Passenger Cars
7.3 Commercial Vehicles
7.3.1 Light Commercial Vehicle
7.3.2 Heavy Commercial Vehicle
7.4 Motorcycles
7.5 Off-Highway Vehicles
7.6 Recreational Vehicles (RVs)
7.7 Powering boats and watercraft
7.8 Power Generation
7.9 Racing and Performance
7.10 Hybrid and Electric Vehicles
7.11 Other Applications
8 Global Automotive Engines Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 BMW
10.2 Cummins Inc.
10.3 Eicher Motors Limited
10.4 Fiat Automobiles SpA
10.5 Ford
10.6 General Motors
10.7 Honda Motor Company Ltd
10.8 Hyundai Motor Company
10.9 Mazda Motor Corporation
10.10 Mercedes-Benz
10.11 Mitsubishi Motors
10.12 Peugeot/Citroen
10.13 Scania AB
10.14 Suzuki Motor Corporation
10.15 Toyota Motor Corporation
10.16 Volkswagen AG
10.17 Yamaha Corporation
List of Tables
1 Global Automotive Engines Market Outlook, By Region (2021-2030) ($MN)
2 Global Automotive Engines Market Outlook, By Placement Type (2021-2030) ($MN)
3 Global Automotive Engines Market Outlook, By In-line Engine (2021-2030) ($MN)
4 Global Automotive Engines Market Outlook, By W Engine (2021-2030) ($MN)
5 Global Automotive Engines Market Outlook, By V-Type (2021-2030) ($MN)
6 Global Automotive Engines Market Outlook, By Fuel Type (2021-2030) ($MN)
7 Global Automotive Engines Market Outlook, By Gasoline (2021-2030) ($MN)
8 Global Automotive Engines Market Outlook, By Diesel (2021-2030) ($MN)
9 Global Automotive Engines Market Outlook, By Other Fuel Types (2021-2030) ($MN)
10 Global Automotive Engines Market Outlook, By Applications (2021-2030) ($MN)
11 Global Automotive Engines Market Outlook, By Passenger Cars (2021-2030) ($MN)
12 Global Automotive Engines Market Outlook, By Commercial Vehicles (2021-2030) ($MN)
13 Global Automotive Engines Market Outlook, By Light Commercial Vehicle (2021-2030) ($MN)
14 Global Automotive Engines Market Outlook, By Heavy Commercial Vehicle (2021-2030) ($MN)
15 Global Automotive Engines Market Outlook, By Motorcycles (2021-2030) ($MN)
16 Global Automotive Engines Market Outlook, By Off-Highway Vehicles (2021-2030) ($MN)
17 Global Automotive Engines Market Outlook, By Recreational Vehicles (RVs) (2021-2030) ($MN)
18 Global Automotive Engines Market Outlook, By Powering boats and watercraft (2021-2030) ($MN)
19 Global Automotive Engines Market Outlook, By Power Generation (2021-2030) ($MN)
20 Global Automotive Engines Market Outlook, By Racing and Performance (2021-2030) ($MN)
21 Global Automotive Engines Market Outlook, By Hybrid and Electric Vehicles (2021-2030) ($MN)
22 Global Automotive Engines Market Outlook, By Other Applications (2021-2030) ($MN)
23 North America Automotive Engines Market Outlook, By Country (2021-2030) ($MN)
24 North America Automotive Engines Market Outlook, By Placement Type (2021-2030) ($MN)
25 North America Automotive Engines Market Outlook, By In-line Engine (2021-2030) ($MN)
26 North America Automotive Engines Market Outlook, By W Engine (2021-2030) ($MN)
27 North America Automotive Engines Market Outlook, By V-Type (2021-2030) ($MN)
28 North America Automotive Engines Market Outlook, By Fuel Type (2021-2030) ($MN)
29 North America Automotive Engines Market Outlook, By Gasoline (2021-2030) ($MN)
30 North America Automotive Engines Market Outlook, By Diesel (2021-2030) ($MN)
31 North America Automotive Engines Market Outlook, By Other Fuel Types (2021-2030) ($MN)
32 North America Automotive Engines Market Outlook, By Applications (2021-2030) ($MN)
33 North America Automotive Engines Market Outlook, By Passenger Cars (2021-2030) ($MN)
34 North America Automotive Engines Market Outlook, By Commercial Vehicles (2021-2030) ($MN)
35 North America Automotive Engines Market Outlook, By Light Commercial Vehicle (2021-2030) ($MN)
36 North America Automotive Engines Market Outlook, By Heavy Commercial Vehicle (2021-2030) ($MN)
37 North America Automotive Engines Market Outlook, By Motorcycles (2021-2030) ($MN)
38 North America Automotive Engines Market Outlook, By Off-Highway Vehicles (2021-2030) ($MN)
39 North America Automotive Engines Market Outlook, By Recreational Vehicles (RVs) (2021-2030) ($MN)
40 North America Automotive Engines Market Outlook, By Powering boats and watercraft (2021-2030) ($MN)
41 North America Automotive Engines Market Outlook, By Power Generation (2021-2030) ($MN)
42 North America Automotive Engines Market Outlook, By Racing and Performance (2021-2030) ($MN)
43 North America Automotive Engines Market Outlook, By Hybrid and Electric Vehicles (2021-2030) ($MN)
44 North America Automotive Engines Market Outlook, By Other Applications (2021-2030) ($MN)
45 Europe Automotive Engines Market Outlook, By Country (2021-2030) ($MN)
46 Europe Automotive Engines Market Outlook, By Placement Type (2021-2030) ($MN)
47 Europe Automotive Engines Market Outlook, By In-line Engine (2021-2030) ($MN)
48 Europe Automotive Engines Market Outlook, By W Engine (2021-2030) ($MN)
49 Europe Automotive Engines Market Outlook, By V-Type (2021-2030) ($MN)
50 Europe Automotive Engines Market Outlook, By Fuel Type (2021-2030) ($MN)
51 Europe Automotive Engines Market Outlook, By Gasoline (2021-2030) ($MN)
52 Europe Automotive Engines Market Outlook, By Diesel (2021-2030) ($MN)
53 Europe Automotive Engines Market Outlook, By Other Fuel Types (2021-2030) ($MN)
54 Europe Automotive Engines Market Outlook, By Applications (2021-2030) ($MN)
55 Europe Automotive Engines Market Outlook, By Passenger Cars (2021-2030) ($MN)
56 Europe Automotive Engines Market Outlook, By Commercial Vehicles (2021-2030) ($MN)
57 Europe Automotive Engines Market Outlook, By Light Commercial Vehicle (2021-2030) ($MN)
58 Europe Automotive Engines Market Outlook, By Heavy Commercial Vehicle (2021-2030) ($MN)
59 Europe Automotive Engines Market Outlook, By Motorcycles (2021-2030) ($MN)
60 Europe Automotive Engines Market Outlook, By Off-Highway Vehicles (2021-2030) ($MN)
61 Europe Automotive Engines Market Outlook, By Recreational Vehicles (RVs) (2021-2030) ($MN)
62 Europe Automotive Engines Market Outlook, By Powering boats and watercraft (2021-2030) ($MN)
63 Europe Automotive Engines Market Outlook, By Power Generation (2021-2030) ($MN)
64 Europe Automotive Engines Market Outlook, By Racing and Performance (2021-2030) ($MN)
65 Europe Automotive Engines Market Outlook, By Hybrid and Electric Vehicles (2021-2030) ($MN)
66 Europe Automotive Engines Market Outlook, By Other Applications (2021-2030) ($MN)
67 Asia Pacific Automotive Engines Market Outlook, By Country (2021-2030) ($MN)
68 Asia Pacific Automotive Engines Market Outlook, By Placement Type (2021-2030) ($MN)
69 Asia Pacific Automotive Engines Market Outlook, By In-line Engine (2021-2030) ($MN)
70 Asia Pacific Automotive Engines Market Outlook, By W Engine (2021-2030) ($MN)
71 Asia Pacific Automotive Engines Market Outlook, By V-Type (2021-2030) ($MN)
72 Asia Pacific Automotive Engines Market Outlook, By Fuel Type (2021-2030) ($MN)
73 Asia Pacific Automotive Engines Market Outlook, By Gasoline (2021-2030) ($MN)
74 Asia Pacific Automotive Engines Market Outlook, By Diesel (2021-2030) ($MN)
75 Asia Pacific Automotive Engines Market Outlook, By Other Fuel Types (2021-2030) ($MN)
76 Asia Pacific Automotive Engines Market Outlook, By Applications (2021-2030) ($MN)
77 Asia Pacific Automotive Engines Market Outlook, By Passenger Cars (2021-2030) ($MN)
78 Asia Pacific Automotive Engines Market Outlook, By Commercial Vehicles (2021-2030) ($MN)
79 Asia Pacific Automotive Engines Market Outlook, By Light Commercial Vehicle (2021-2030) ($MN)
80 Asia Pacific Automotive Engines Market Outlook, By Heavy Commercial Vehicle (2021-2030) ($MN)
81 Asia Pacific Automotive Engines Market Outlook, By Motorcycles (2021-2030) ($MN)
82 Asia Pacific Automotive Engines Market Outlook, By Off-Highway Vehicles (2021-2030) ($MN)
83 Asia Pacific Automotive Engines Market Outlook, By Recreational Vehicles (RVs) (2021-2030) ($MN)
84 Asia Pacific Automotive Engines Market Outlook, By Powering boats and watercraft (2021-2030) ($MN)
85 Asia Pacific Automotive Engines Market Outlook, By Power Generation (2021-2030) ($MN)
86 Asia Pacific Automotive Engines Market Outlook, By Racing and Performance (2021-2030) ($MN)
87 Asia Pacific Automotive Engines Market Outlook, By Hybrid and Electric Vehicles (2021-2030) ($MN)
88 Asia Pacific Automotive Engines Market Outlook, By Other Applications (2021-2030) ($MN)
89 South America Automotive Engines Market Outlook, By Country (2021-2030) ($MN)
90 South America Automotive Engines Market Outlook, By Placement Type (2021-2030) ($MN)
91 South America Automotive Engines Market Outlook, By In-line Engine (2021-2030) ($MN)
92 South America Automotive Engines Market Outlook, By W Engine (2021-2030) ($MN)
93 South America Automotive Engines Market Outlook, By V-Type (2021-2030) ($MN)
94 South America Automotive Engines Market Outlook, By Fuel Type (2021-2030) ($MN)
95 South America Automotive Engines Market Outlook, By Gasoline (2021-2030) ($MN)
96 South America Automotive Engines Market Outlook, By Diesel (2021-2030) ($MN)
97 South America Automotive Engines Market Outlook, By Other Fuel Types (2021-2030) ($MN)
98 South America Automotive Engines Market Outlook, By Applications (2021-2030) ($MN)
99 South America Automotive Engines Market Outlook, By Passenger Cars (2021-2030) ($MN)
100 South America Automotive Engines Market Outlook, By Commercial Vehicles (2021-2030) ($MN)
101 South America Automotive Engines Market Outlook, By Light Commercial Vehicle (2021-2030) ($MN)
102 South America Automotive Engines Market Outlook, By Heavy Commercial Vehicle (2021-2030) ($MN)
103 South America Automotive Engines Market Outlook, By Motorcycles (2021-2030) ($MN)
104 South America Automotive Engines Market Outlook, By Off-Highway Vehicles (2021-2030) ($MN)
105 South America Automotive Engines Market Outlook, By Recreational Vehicles (RVs) (2021-2030) ($MN)
106 South America Automotive Engines Market Outlook, By Powering boats and watercraft (2021-2030) ($MN)
107 South America Automotive Engines Market Outlook, By Power Generation (2021-2030) ($MN)
108 South America Automotive Engines Market Outlook, By Racing and Performance (2021-2030) ($MN)
112 South America Automotive Engines Market Outlook, By Hybrid and Electric Vehicles (2021-2030) ($MN)
113 South America Automotive Engines Market Outlook, By Other Applications (2021-2030) ($MN)
114 Middle East & Africa Automotive Engines Market Outlook, By Country (2021-2030) ($MN)
115 Middle East & Africa Automotive Engines Market Outlook, By Placement Type (2021-2030) ($MN)
116 Middle East & Africa Automotive Engines Market Outlook, By In-line Engine (2021-2030) ($MN)
117 Middle East & Africa Automotive Engines Market Outlook, By W Engine (2021-2030) ($MN)
118 Middle East & Africa Automotive Engines Market Outlook, By V-Type (2021-2030) ($MN)
119 Middle East & Africa Automotive Engines Market Outlook, By Fuel Type (2021-2030) ($MN)
120 Middle East & Africa Automotive Engines Market Outlook, By Gasoline (2021-2030) ($MN)
121 Middle East & Africa Automotive Engines Market Outlook, By Diesel (2021-2030) ($MN)
122 Middle East & Africa Automotive Engines Market Outlook, By Other Fuel Types (2021-2030) ($MN)
123 Middle East & Africa Automotive Engines Market Outlook, By Applications (2021-2030) ($MN)
124 Middle East & Africa Automotive Engines Market Outlook, By Passenger Cars (2021-2030) ($MN)
125 Middle East & Africa Automotive Engines Market Outlook, By Commercial Vehicles (2021-2030) ($MN)
126 Middle East & Africa Automotive Engines Market Outlook, By Light Commercial Vehicle (2021-2030) ($MN)
127 Middle East & Africa Automotive Engines Market Outlook, By Heavy Commercial Vehicle (2021-2030) ($MN)
128 Middle East & Africa Automotive Engines Market Outlook, By Motorcycles (2021-2030) ($MN)
129 Middle East & Africa Automotive Engines Market Outlook, By Off-Highway Vehicles (2021-2030) ($MN)
130 Middle East & Africa Automotive Engines Market Outlook, By Recreational Vehicles (RVs) (2021-2030) ($MN)
131 Middle East & Africa Automotive Engines Market Outlook, By Powering boats and watercraft (2021-2030) ($MN)
132 Middle East & Africa Automotive Engines Market Outlook, By Power Generation (2021-2030) ($MN)
133 Middle East & Africa Automotive Engines Market Outlook, By Racing and Performance (2021-2030) ($MN)
134 Middle East & Africa Automotive Engines Market Outlook, By Hybrid and Electric Vehicles (2021-2030) ($MN)
135 Middle East & Africa Automotive Engines Market Outlook, By Other Applications (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
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