LONDON--(BUSINESS WIRE)--Technavio has announced the top six leading vendors in their recent global automotive engine market report. This research report also lists nine other prominent vendors that are expected to impact the market during the forecast period.
Due to the advancement in the global automotive technologies the automotive market has become competitive. The development of the rotary engine is an advancement in the engine design segment of automotive technologies. This expects the players in the market to shift from conventional piston engine to rotary engines during the forecast period. The rotary engines are designed with an odd number of cylinders that are radially configured.
Competitive vendor landscape
The global automotive engine market is subjected to constant innovations and prototypes from major automakers and OEMs. The consumer preference for high-performance and fuel-efficient automobiles increases the demand for engines. The growth of the global automotive technologies that are being introduced in engines has made the automotive market highly competitive, whether moving upward or downward in the value chain.
“The stringent regulations imposed by EPA and CAFE to reduce the emissions and to meet the average fuel efficiency standards propel the market growth. Engine manufacturers help to meet the demand of the growing market, and they constitute the major players. These players are well-established in the market, with some operating as official suppliers to the automakers,” says Praveen Kumar, a lead automotive components research analyst from Technavio.
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Top six automotive engine market vendors
Cummins
Cummins is the major manufacturer of engines that are widely used in passenger cars, commercial vans, and heavy-duty trucks. The in-line and V-type engines manufactured by Cummins are offered to many automobile manufacturers such as Toyota and Nissan.
General Motors
General Motors designs, manufactures, and distributes vehicles and vehicle parts. It is one of the largest automobile manufacturers. It has a global presence except in South Korea, Iran, Sudan, and Syria. It has 396 facilities in six continents. General Motors produces vehicles in 37 countries under divisions such as Chevrolet, Buick, GMC, Cadillac, Daewoo, Holden, Opel, Isuzu, Vauxhall, Jiefang, FAW, and Wuling.
Fiat
Fiat is one of the largest car making groups of Europe. It is known for its powerful and advanced car. Fiat has developed powerful diesel engines that are preferred by major automakers such as Maruti and TATA. It operates in 40 countries and has a commercial relationship with about 150 countries.
Ford Motor Company
Ford Motor Company manufactures and distributes automobile parts, including engines and other parts. Ford engines are compliant with environmental regulations; the engines optimize emissions and power management. The company's automotive segment is expanded into several business units globally, including North America, South America, Europe, and others.
Toyota
Toyota conducts business widely in the automotive industry. It is the largest vehicle manufacturer in the world and major producer of automobile engines. According to the geographic presence, Toyota is extensively expanded into several regions such as Asia, Europe, and others.
Volkswagen
Volkswagen is one of the largest automobiles and commercial vehicles manufacturers. Its product ranges vary from low consumption cars to luxury cars and trucks. It operates around 120 production plants around the world. It has created its image in several regions for different markets like Europe and China, and it is emerging in other countries.
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