Automotive Engine Elements Market Set to Grow at 4.54% CAGR, Striking USD 130.46 Billion by 2034

According to industry experts, the global automotive engine components market is projected to reach approximately USD 130.46 Billion by 2034, up from USD 83.68 Billion in 2024, reflecting a CAGR of 4.54% during the forecast period from 2025 to 2034.

Technological Advancements Driving Market Growth

One of the significant growth opportunities for the automotive engine components market lies in the advancement of technology aiding in designing engines to meet evolving requirements. Here are key segments:

• Diesel Power Engine Market: The global market size for diesel power engines was USD 9.15 billion in 2024 and is expected to reach USD 18.93 billion by 2034, growing at a CAGR of 7.65%.
• Turboprop Engine Market: The global turboprop engine market is forecasted to expand at a CAGR of 6.5%, from USD 1.44 billion in 2025 to USD 2.53 billion by 2034, over the period of 2025 to 2034.

Segmental Insights By Component Type

In 2024, the valve segment dominated the automotive engine parts market.

Market Expansion Opportunities

The growth of technology facilitating engine development to meet specific requirements is a significant driver for the automotive engine parts market growth. Notable segments include:

• Heavy Duty Engine Market: The global market size for heavy-duty engines was USD 57.00 billion in 2024 and is expected to reach USD 104.37 billion by 2034.
• Internal Combustion Engine Market: The global market size for internal combustion engines is projected to grow significantly from 2024 to 2034.
• Small Marine Engine Market: The global market for small marine engines is set to expand from USD 9.45 billion in 2025 to USD 17.09 billion by 2034, driven by a CAGR of 6.93% from 2025 to 2034.
• Turboprop Engine Market: The global market for turboprop engines is expected to grow at a CAGR of 6.5%, from USD 1.44 billion in 2025 to USD 2.53 billion by 2034.

Segmental Insights By Part Type

The valve segment led the automotive engine parts market in 2024.

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