Automotive Engine Components Market Forecast
The global automotive engine components market is poised to reach approximately USD 130.46 billion by 2034, showing a significant increase from USD 83.68 billion in 2024, reflecting a robust CAGR of 4.54% during the forecast period from 2025 to 2034.
Technological Advancements Driving Market Growth
One of the key drivers for the growth of the automotive engine components market is the advancement of technology, enabling the development of engines that meet evolving requirements. This trend presents a substantial opportunity for market expansion.
Market Trends in Specific Segments
- Heavy Duty Engine Market: The global heavy-duty engine market, valued at USD 57.00 billion in 2024, is expected to reach USD 104.37 billion by 2034, indicating a promising growth trajectory.
- Internal Combustion Engine Market: The global internal combustion engine market, with a valuation of USD xx billion in 2024, is projected to achieve USD xx billion by 2034, demonstrating steady growth.
- Small Marine Engine Market: The small marine engine market is forecasted to expand from USD 9.45 billion in 2025 to USD 17.09 billion by 2034, driven by a notable CAGR of 6.93% during the period from 2025 to 2034.
- Turboprop Engine Market: The international turboprop engine market is set to grow at a CAGR of 6.5%, climbing from USD 1.44 billion in 2025 to USD 2.53 billion by 2034, showcasing promising growth prospects.
Segmental Analysis: Valve Segment Leads the Market
In 2024, the valve segment emerged as the dominant component type in the automotive engine components market, indicating its pivotal role in driving market dynamics and innovation.
