Automotive Engine Market Outlook: Growth to USD 127.96 Billion by 2032
SUMMARY The global Automotive Engine Market was valued at USD 99.81 billion in 2023 and is projected to reach USD 127.96 billion by 2032, growing at a CAGR of 2.82% from 2024 to 2032. This growth reflects the ongoing demand for advanced, efficient, and regulatory-compliant engine systems across both passenger and commercial vehicles. Key Market Statistics: • • •
Market Value (2023): USD 99.81 billion Projected Market Value (2032): 127.96 billion CAGR (2024-2032): 2.82%
Automotive Engine Market Size, Share, Growth Analysis Report 2024-2032
MARKET GROWTH DRIVER •
Continued demand for ICE vehicles: especially in emerging and rural markets.
•
Rising Vehicle Production: Growth in passenger and commercial vehicle manufacturing is directly boosting engine demand.
•
Emission Regulations: Stricter global emission norms are pushing automakers to innovate more efficient engines.
•
Technological Advancements: Innovations in turbocharging, direct fuel injection, and hybrid powertrains drive market evolution.
•
Consumer Demand for Performance: Increasing preference for highperformance vehicles sustains engine innovation.
Automotive Engine Market Size, Share, Growth Analysis Report 2024-2032
MARKET OPPORTUNITIES •
Hybrid engines provide growth potential during the gradual shift from ICE to EV.
•
Biofuel-compatible engines open new markets focused on alternative, cleaner fuel options.
•
Engine downsizing with turbocharging meets environmental and performance goals.
•
Emerging economies offer untapped demand due to infrastructure expansion and automotive ownership rise.
•
Integration of AI and sensors for smart engine management enhances product differentiation.
Automotive Engine Market Size, Share, Growth Analysis Report 2024-2032
REGIONAL OVERVIEW • • • • •
Asia-Pacific leads the market, driven by massive automotive manufacturing and domestic demand. North America benefits from ongoing demand in light trucks and SUVs with ICEs. Europe shows strong hybrid engine demand amid stricter emission regulations. Latin America and Africa present opportunities due to vehicle fleet expansion and aging engines. Middle East shows moderate growth tied to commercial vehicle applications and fleet modernization.
CONCLUSION The Automotive Engine Market is set for moderate yet stable growth through 2032. While electric mobility is gaining momentum, internal combustion engines will remain essential, particularly in hybrid configurations and commercial fleets. Manufacturers that innovate and adapt to regulatory and efficiency demands will capture significant market share.
Automotive Engine Market Size, Share, Growth Analysis Report 2024-2032
ABOUT US
S&S Insider is a market research company that delivers evidence-based strategies for clients seeking growth. Headquartered in India, we've developed to serve our clients as they seek new growth possibilities throughout the world. We have the worldwide reach of a large research firm, but the agility and individualized attention of a small boutique. We're flexible and collaborative, with real ties between our operations. What's the result? Wherever you are in the world, you'll have access to our global network of sector and methodology experts, as well as the deep cultural awareness required to ensure your project's success. We offer our clients an integrated data and research solution drawing on the company’s three core competencies: 1.
Syndicate
2. Custom 3. Consulting We manage the full research process from primary data collecting to final report with our in-house staff of Field Interviewers. Our researchers and analysts work together to analyse all study data and findings. On our custom-built data platform, S&S has established a proprietary market size model for every business sector. Our consultants also help clients evaluate and apply research findings and recommendations in their own companies. Automotive Engine Market Size, Share, Growth Analysis Report 2024-2032
