DUBLIN, Feb. 3, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/hr3xjv/automotive_engine) has announced the addition of the "Automotive Engine and Engine Mounts Market by Fuel Type (Gasoline, Diesel, Natural Gas, and Hybrid), Engine Type (L4, L6, V6, and V8), Engine Mounts, Vehicle Type (PC, LCV, HCV, and Two-Wheeler), & by Region - Global Trends & Forecast to 2020" report to their offering.
The global automotive engine market is projected to grow at a CAGR of 6.03%, from USD 63.36 Billion in 2015 to USD 84.91 Billion by 2020, while the global engine mounts market is projected to grow at a CAGR of 6.38%, from USD 3.62 Billion in 2015 to USD 4.93 Billion by 2020.
Asia-Pacific is the largest market for automotive engines, followed by North America and Europe. Market growth is fueled by the increasing vehicle production and the growing demand for high-torque, high-power engines for the racing and luxury segments. However, the increasing demand for electric vehicles and high R&D costs incurred when developing advanced technologies will likely hinder the growth of the market.
Mitsubishi Heavy Industries Ltd. (Japan) is a key player in the automotive engine market. Its wide product portfolio and R&D capabilities have helped it become a leading player in the industry. The company is constantly launching state-of-the-art products on a global scale; this has increased its customer base and expanded its presence in the global market.
Cummins Inc. (U.S.), another major player, focuses on actively collaborating and developing partnerships with global market leaders, including Nissan (Japan), Maruti Suzuki (India), and Tata Motors (India), to develop advanced engines and technologies for the automotive engine market.
Fiat S.p.A (Italy) mainly focuses on developing new and advanced products to meet the requirements of its various customers and to retain its technological advantage. For instance, the company's gross R&D expenditure was USD 3080.7 Million in 2014.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Technical Overview
7 Automotive Engine Market, By Engine Type
8 Automotive Engine Market, By Fuel Type
9 Automotive Engine Mounts Market, By Technology
10 Two-Wheeler Engine Market, By Engine Size
11 Automotive Engine Market, By Region
12 Competitive Landscape
13 Company Profiles
- Cummins Inc
- Fiat S.P.A
- Hutchinson SA
- Hyundai Motor Company
- Mahle GmbH
- Mitsubishi Heavy Industries Ltd
- Scania AB
- Toyo Tire & Rubber Co. Ltd
- Trelleborg AB
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SOURCE Research and Markets