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Insights into the Engine Structure Parts Industry: Market Financial Status, Market Size, and Revenue Analysis up to 2031

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The "Engine Structure Parts Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Engine Structure Parts market is expected to grow annually by 13.5% (CAGR 2024 - 2031).

This entire report is of 144 pages.

Engine Structure Parts Introduction and its Market Analysis

The Engine Structure Parts market research reports analyze the current market conditions for engine structure components such as cylinder heads, engine blocks, and crankshafts. The target market primarily consists of automotive manufacturers and aftermarket suppliers. Major factors driving revenue growth include increasing demand for fuel-efficient and lightweight engine components, as well as advancements in technology and materials. Companies operating in the market include Magna International, GKN, Knorr-Bremse, NTN, and Hitachi Chemical. The report's main findings suggest a strong growth trajectory for the Engine Structure Parts market, with recommendations emphasizing the importance of innovation, strategic partnerships, and market expansion to capitalize on emerging opportunities.

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The Engine Structure Parts market is experiencing steady growth, with a variety of parts like Spark Plugs, Valves, Pistons, Connecting Rods, Crankshafts, Sumps, and others catering to Passenger Cars and Commercial Vehicles. The market segmentation ensures that each vehicle type gets the specific parts they need for optimal performance. However, there are regulatory and legal factors that companies in this market must navigate. This includes complying with emissions standards and safety regulations to ensure the parts meet required specifications. Additionally, with the increasing focus on sustainability, companies also need to consider the environmental impact of their products. By staying informed and adhering to these regulations, companies in the Engine Structure Parts market can continue to thrive and serve the needs of their customers in the automotive industry.

Top Featured Companies Dominating the Global Engine Structure Parts Market

The engine structure parts market is highly competitive with key players such as Magna International, GKN, Knorr-Bremse, NTN, Hitachi Chemical, Guangxi Yuchai Machinery Group, CIE Automotive, Aisin Takaoka, Musashi Seimitsu Industry, Teksid, Fine Sinter, Tata AutoComp Systems, Harbin Dongan Auto Engine, FUJI OOZX, ASIMCO Technologies, and . Porta. These companies provide a wide range of engine structure parts such as engine blocks, cylinder heads, pistons, crankshafts, and connecting rods to various automotive manufacturers globally.

Magna International, based in Canada, is a leading supplier of engine structure parts with a focus on innovation, quality, and customer satisfaction. GKN, a UK-based company, is known for its advanced engineering solutions in the automotive industry. Knorr-Bremse from Germany specializes in providing high-performance engine components. NTN and Hitachi Chemical from Japan are known for their precision-engineered engine parts. Guangxi Yuchai Machinery Group from China is a major player in the engine manufacturing sector.

These companies help to grow the engine structure parts market by offering high-quality products, innovative technologies, and customized solutions to meet the changing demands of automotive manufacturers. They also focus on expanding their global presence through strategic collaborations, acquisitions, and investments in research and development.

In terms of sales revenue, Magna International reported sales of $38.9 billion in 2020, while GKN reported revenue of £7.2 billion in the same year. NTN had sales of ¥759.5 billion, Hitachi Chemical reported revenue of ¥543.3 billion, and CIE Automotive had sales of €2.3 billion in 2020. These figures highlight the significant contribution of these companies to the engine structure parts market.

  • Magna International (Canada)
  • GKN (UK)
  • Knorr-Bremse (Germany)
  • NTN (Japan)
  • Hitachi Chemical (Japan)
  • Guangxi Yuchai Machinery Group (China)
  • CIE Automotive (Spain)
  • Aisin Takaoka (Japan)
  • Musashi Seimitsu Industry (Japan)
  • Teksid (Italy)
  • Fine Sinter (Japan)
  • Tata AutoComp Systems (India)
  • Harbin Dongan Auto Engine (China)
  • FUJI OOZX (Japan)
  • ASIMCO Technologies (China)
  • A.G. Porta (Italy)

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Engine Structure Parts Market Analysis, by Type:

  • Spark Plug
  • Valves
  • Piston
  • Connecting Rod
  • Crankshaft
  • Sump
  • Others

Spark plug, valves, piston, connecting rod, crankshaft, sump, and other engine structure parts play crucial roles in the functioning of an engine. The spark plug ignites the air-fuel mixture, valves control the flow of gases, piston converts energy into mechanical motion, connecting rod transfers motion from piston to crankshaft, crankshaft transforms linear motion into rotational motion, and sump houses engine oil for lubrication. The demand for engine structure parts is boosted by the growing automotive industry, increasing vehicle production, and the need for high-performance and fuel-efficient engines in various applications, such as automotive, marine, and industrial sectors.

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Engine Structure Parts Market Analysis, by Application:

  • Passenger Cars
  • Commercial Vehicles

Engine structure parts are essential components in passenger cars and commercial vehicles, providing structural support and housing for the engine components. These parts include engine blocks, cylinder heads, and crankshafts, among others. They help ensure the smooth operation and durability of the engine.

The fastest growing application segment in terms of revenue is expected to be passenger cars, driven by the increasing demand for fuel-efficient and environmentally-friendly vehicles. With advancements in technology and a shift towards electric and hybrid vehicles, the demand for engine structure parts in passenger cars is projected to grow significantly in the coming years.

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Engine Structure Parts Industry Growth Analysis, by Geography:

North America:

  • United States
  • Canada

Europe:

  • Germany
  • France
  • U.K.
  • Italy
  • Russia

Asia-Pacific:

  • China
  • Japan
  • South Korea
  • India
  • Australia
  • China Taiwan
  • Indonesia
  • Thailand
  • Malaysia

Latin America:

  • Mexico
  • Brazil
  • Argentina Korea
  • Colombia

Middle East & Africa:

  • Turkey
  • Saudi
  • Arabia
  • UAE
  • Korea

The Engine Structure Parts Market is expected to witness significant growth in regions such as North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. North America, particularly the United States and Canada, is expected to dominate the market with a substantial market share, followed by Europe, led by Germany, France, the ., and Italy. In the Asia-Pacific region, China, Japan, and India are expected to drive growth in the market. Latin America, including Mexico, Brazil, and Argentina, is also anticipated to contribute to market growth. The Middle East & Africa region, with countries such as Turkey, Saudi Arabia, and the UAE, is also expected to witness a rise in market share.

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