Le Lézard
Classified in: Transportation, Covid-19 virus
Subject: MRR

Global Automotive Engine Strategic Business Report 2023: Adoption of New Engine Technologies Drive the Market

DUBLIN, June 9, 2023 /PRNewswire/ -- The "Automotive Engine - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

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The global market for Automotive Engine estimated at US$353.2 Billion in the year 2022, is projected to reach a revised size of US$467.9 Billion by 2030, growing at a CAGR of 3.6% over the analysis period 2022-2030.

Gasoline, one of the segments analyzed in the report, is projected to record a 3.3% CAGR and reach US$211.4 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Diesel segment is readjusted to a revised 3.7% CAGR for the next 8-year period.

The U.S. Market is Estimated at $96.2 Billion, While China is Forecast to Grow at 5.9% CAGR

The Automotive Engine market in the U.S. is estimated at US$96.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$94.1 Billion by the year 2030 trailing a CAGR of 5.9% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.9% and 3% respectively over the 2022-2030 period.

Within Europe, Germany is forecast to grow at approximately 2.4% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$61.5 Billion by the year 2030.

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For more information about this report visit https://www.researchandmarkets.com/r/v474fk

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