Worth Of Modern Engine Market In 2032  

Introduction

The global modern engine Press Release Pricing was valued at USD 21.1 billion in 2016 and is expected to reach USD 25.9 billion by 2032, growing at a CAGR of 2% from 2017 to 2023. The market is primarily driven by factors such as rising sales of new vehicles across various regions, increasing demand for high-performance cars, stringent emission regulations across various regions, and increasing penetration of hybrid electric vehicles (HEVs). However, high competition among key players operating in the global modern engine market might pose a threat to the growth prospects of this industry during the forecast period from 2017 to 2023.

NEW YORK (PRWEB) AUGUST 11, 2018

The article opens with a description of the statistics that are covered in this particular article, as well as the market share and revenue generated by various engine types. This is followed by a brief overview of how engines operate and how they can be used in different applications. The author then goes on to discuss how automobile manufacturers are managing to improve fuel efficiency through new technologies such as hybrid vehicles, electric cars, and other green technology innovations.

The article concludes with an analysis of the various factors that will influence the growth of this market over time.

NEW YORK, August 11, 2018 /PRNewswire via COMTEX/ -- NEW YORK, August 11, 2018 /PRNewswire/ -- The foremost objective of this report is to outline, segment, and estimate the size of the global modern engine market. This report offers a detailed analysis of key drivers and restraints and their impact on the growth of the global modern engine market. In addition, it offers an in-depth analysis of technological advancements and government regulations that might influence the growth of the global modern engine Business Wire Pricing during the forecast period from 2017 to 2023. Furthermore, this research study analyzes opportunities for market participants operating in the global modern engine market.

The global modern engine market was valued at USD 25.9 billion in 2017. It is expected to reach USD 37.4 billion by 2032 end at a CAGR of 8.3% between 2018 and 2032 with respect to unit volume and 7.2% between 2019 and 2032 with respect to value, respectively.

The leading players operating in this industry are Caterpillar Inc., Cummins Inc., Deere & Co., General Electric Company (GE), Honeywell International Inc., Bombardier Transportation GmbH, Hyundai Heavy Industries Co Ltd., Mitsubishi Hitachi Power Systems Ltd - MHPS Ltd., Komatsu Ltd., Volvo CE Corp, Yanmar Co Ltd, Rolls-Royce plc and others

This report also discusses trends in the global modern engine market as well as strategies for new entrants and established players to enter or expand their presence in this market.

This report also discusses trends in the global modern engine market as well as strategies for new entrants and established players to enter or expand their presence in this market.

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The leading players operating in the global modern engine market are Robert Bosch GmbH (Germany), Continental AG (Germany), Denso Corporation (Japan), Delphi Automotive LLP (U.K.), and BorgWarner Inc. (U.S.). These companies have taken several strategic initiatives such as acquisitions and expansions to strengthen their presence across various regions.

The leading players operating in the global modern engine Marketwired Pricing are Robert Bosch GmbH (Germany), Continental AG (Germany), Denso Corporation (Japan), Delphi Automotive LLP (U.K.), and BorgWarner Inc. (U.S.). These companies have taken several strategic initiatives such as acquisitions and expansions to strengthen their presence across various regions.

For instance, in February 2018, Robert Bosch GmbH entered into an agreement with Beiqi Foton Motor Co., Ltd., China's largest commercial vehicle manufacturer for the co-development of automated driving systems for commercial vehicles based on its automated driving technology platform called Highway Pilot with assistance from Daimler AG and Beijing Auto Works Co., Ltd., which will enhance its position in this market segment by increasing penetration rate among OEMs globally through its partner network across different regions such as Europe, North America, South America, Asia Pacific excluding Japan & China mainland East Asia region, etc."

Conclusion

The global modern engine market is projected to reach USD 25.9 billion by 2032 end, growing at a CAGR of 4.3% from 2017 to 2023. The growth of the global modern engine market can be attributed to the increasing demand for hybrid and electric vehicles. The increasing penetration of hybrid and electric vehicles in the consumer vehicle segment has led to an increase in the demand for modern engines over traditional internal combustion engines (ICEs). In addition, governments across the globe are implementing stringent regulations on exhaust emissions, which is driving up the demand for modern engines with higher fuel efficiency than conventional internal combustion engines (ICEs).

With limited sources of PRNewswire Pricing generation and growing demands for energy-efficient products, governments across the globe are focusing on promoting research and development activities related to renewable sources of energy. For example, India has set an ambitious target of achieving 40% renewable energy by 2030 as compared with 33% by 2022 under its National Action Plan on Climate Change (NAPCC) 2015-2022. China has also announced plans to invest USD 3 trillion in new energy infrastructure by 2020 as part of its 13th Five-Year Plan (FYP). This will help reduce greenhouse gas emissions from conventional sources such as coal while also supporting investments in clean technologies such as electric vehicles powered by modern engines.

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