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Global Engine Components Market Size, Share, Growth, Trends: By Type: Gasoline, Diesel; By Component: Valve Tappet /Roller Tappet, Screw Cap Assembly, Collet/Cotter, Retainer, Others; By Application: Automotive, Agriculture, Construction and Mining Equipment, Marine, Others; Regional Analysis; Competitive Landscape; 2024-2032
Global Engine Components Market Outlook
The global engine components market size reached a value of approximately USD 7.19 billion in 2023. The market is expected to grow at a CAGR of 2.50% between 2024 and 2032, reaching a value of USD 8.94 billion by 2032.
Key Trends in the Global Engine Components Market
Engine components refers to all the various parts and individual components that form an engine. These parts are designed to be reliable, stable, and work cohesively with other engine parts so that the engine can perform effectively. Some common engine components include retainers, valve tappet, roller tappet, cotters, collets, and screw cap assembly, among others.
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- Growing industrialisation worldwide is bolstering the demand for efficient and powerful engines and engine components across a variety of sectors, including construction and mining. The boom of these sectors is expected to further increase the demand for engine components.
- Increasing disposable income and growing urbanisation is increasing the demand for automotives, including passenger vehicles and commercial vehicles which is ultimately fuelling the demand for engine components.
- Various key manufacturers are focussing on developing high efficiency engines and components that are small and light weight. These compact engine components are increasingly used for engines that are lightweight and versatile, which is supporting the engine components market growth.
Global Engine Components Market Analysis
Based on type, the market is bifurcated into gasoline and diesel. On the basis of component, the market is divided into valve tappet/roller tappet, screw cap assembly, collet/cotter, and retainer, among others. By application, the market is categorised into automotive, agriculture, construction and mining equipment, marine, stationary engines, and rolling stock diesel engine, among others. On the basis of region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
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The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global engine components market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- Nittan Corporation
- LISI Aerospace (SAS)
- SFS Group
- General Motors
- G.T. Technologies Inc.
- Tenneco Inc.
- MAHLE GmbH
- Aikitec Co., Ltd.
- EFC International
- Cummins Inc
- Others
Global Engine Components Market Share by Component
By component, valve tappet/roller tappet occupy a sizable share of the market for engine components due to their rising applications in light vehicles, CNG based small engines, heavy-duty engines, and gasoline engines, among others. They display robust performance and reduce friction which increases the popularity of valve tappets/roller tappets among the consumers. Moreover, the ability of valve tappet/roller tappet to reduce internal friction and allow greater revolutions per minute is expected to further fuel the growth of the segment.
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Global Engine Components Market Share by Region
The Asia Pacific accounts for a considerable share of the engine components market driven by the increasing industrialisation in the region and the high consumption and production of vehicles. Rising disposable income of consumers and prevalence of major key players in the region are factors further influencing the growth of the region market. A sizable share of the production and supply of engine components is attributed to China and India, which is further enhancing the growth of the market for engine components in the Asia Pacific.
Competitive Landscape
Nittan Corporation was founded in 1948 and is headquartered in Kanagawa, Japan. This company manufactures and distributes valves for ships, forged cogwheels, motor vehicle engines, and ground machinery, among others.
LISI Aerospace (SAS) is an aviation and aerospace component manufacturing company that was established in 1777. It is headquartered in Paris, France, and specialises in metal forming, machining, and advanced manufacturing.
SFS Group was founded in 1928 and has its headquarters located in Heerbrugg, Switzerland. This fastener company focuses on producing mechanical fastening systems, and tooling and logistic systems, among others.
Other market players include General Motors, G.T. Technologies Inc., Tenneco Inc., MAHLE GmbH, Aikitec Co., Ltd., EFC International, and Cummins Inc, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Component |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Engine Components Market Analysis
8.1 Key Industry Highlights
8.2 Global Engine Components Historical Market (2018-2023)
8.3 Global Engine Components Market Forecast (2024-2032)
8.4 Global Engine Components Market by Type
8.4.1 Gasoline
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Diesel
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Engine Components Market by Component
8.5.1 Valve Tappet /Roller Tappet
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Screw Cap Assembly
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Collet/Cotter
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Retainer
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Others
8.6 Global Engine Components Market by Application
8.6.1 Automotive
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Agriculture
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Construction and Mining Equipment
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Marine
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Stationery Engines
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.6.6 Rolling Stock Diesel Engine
8.6.6.1 Historical Trend (2018-2023)
8.6.6.2 Forecast Trend (2024-2032)
8.6.7 Others
8.7 Global Engine Components Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Engine Components Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Engine Components Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Engine Components Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Engine Components Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Engine Components Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Nittan Corporation
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 LISI Aerospace (SAS)
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 SFS Group
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 General Motors
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 G.T. Technologies Inc.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Tenneco Inc
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 MAHLE GmbH
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Aikitec Co., Ltd.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 EFC International
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Cummins Inc
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Engine Components Market: Key Industry Highlights, 2018 and 2032
2. Global Engine Components Historical Market: Breakup by Type (USD Million), 2018-2023
3. Global Engine Components Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Global Engine Components Historical Market: Breakup by Component (USD Million), 2018-2023
5. Global Engine Components Market Forecast: Breakup by Component (USD Million), 2024-2032
6. Global Engine Components Historical Market: Breakup by Application (USD Million), 2018-2023
7. Global Engine Components Market Forecast: Breakup by Application (USD Million), 2024-2032
8. Global Engine Components Historical Market: Breakup by Region (USD Million), 2018-2023
9. Global Engine Components Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America Engine Components Historical Market: Breakup by Country (USD Million), 2018-2023
11. North America Engine Components Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe Engine Components Historical Market: Breakup by Country (USD Million), 2018-2023
13. Europe Engine Components Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific Engine Components Historical Market: Breakup by Country (USD Million), 2018-2023
15. Asia Pacific Engine Components Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America Engine Components Historical Market: Breakup by Country (USD Million), 2018-2023
17. Latin America Engine Components Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa Engine Components Historical Market: Breakup by Country (USD Million), 2018-2023
19. Middle East and Africa Engine Components Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Global Engine Components Market Structure
Key Questions Answered in the Report
The market for engine components reached a value of approximately USD 7.19 billion in 2023.
The market is expected to grow at a CAGR of 2.50% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach around USD 8.94 billion by 2032.
The key drivers of the market are growing industrialisation, expansion of the automotive sector, and increasing production of engine components.
The key trends of the market are rising disposable income, technological advancements, and increasing use of engine components in construction and mining.
The primary types of engine components are gasoline and diesel.
The various applications of engine components are automotive, agriculture, construction and mining equipment, marine, stationary engines, and rolling stock diesel engine, among others.
The engine components market key players, according to the report, are Nittan Corporation, LISI Aerospace (SAS), SFS Group, General Motors, G.T. Technologies Inc., Tenneco Inc., MAHLE GmbH, Aikitec Co., Ltd., EFC International, and Cummins Inc, among others.
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