Automobile Engine & Parts Manufacturing in the US - Industry Market Research Report

Automobile Engine & Parts Manufacturing in the US - Industry Market Research Report

  • July 2021 •
  • 45 pages •
  • Report ID: 198804 •
  • Format: PDF
Revving up: Renewed industry growth will likely be the result of renewed consumer sentiment

Abstract

Automobile Engine & Parts Manufacturing in the US
Over the five years to 2019, the Automobile Engine and Parts Manufacturing industry has experienced a bumpy road. Operators in this industry manufacture gasoline engines and related components that are essential to the production of automobiles. Therefore, industry performance is directly linked to the production of vehicles. As vehicle sales increased over the past five years, so did demand for engines. Furthermore, as lower interest rates and gasoline prices made owning less fuel-efficient light trucks and SUVs less costly, demand for these vehicles went up. Since these vehicles use larger engines, their prices are higher, generating more revenue for industry. However, slowed growth in new car sales has threatened the industry over the past five years. Despite this threat, industry revenue has increased during the current period. Over the five years to 2024, industry revenue is forecast to decrease. An emerging threat to industry demand has been the introduction of electric vehicle from larger automakers, as electric vehicles eliminate the need for gasoline engines.

Operators in this industry manufacture motor vehicle gasoline engines and related parts including valves, pistons, crankshafts, camshafts, fuel injectors and pumps. This industry does not include hybrid engines, electric vehicle motors or diesel engines.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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