Automotive Engine Components Market Planning & Strategic Insights for 2034

Automotive Engine Components Market Disruptors & Competitive Strategy

The automotive engine components market is expected to increase from USD 87.48 billion in 2025 to USD 130.46 billion by 2034, growing at a CAGR of 4.54% throughout the forecast period from 2025 to 2034.

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Introduction

The automotive engine components market is a prominent branch of the automotive components industry. This industry deals in manufacturing and distribution of engine components for automotives. There are various components developed by this industry consisting of pistons, valves, crankshaft, camshaft, connecting rods and some others. These components are designed for different vehicles including passenger cars, light commercial vehicles, heavy commercial vehicles and some others. It is available in a sales channel comprising of OEM and aftermarket. The growing demand for passenger cars in different parts of the world has contributed to the industrial expansion. This market is expected to rise significantly with the growth of the automotive industry across the world.

• According to the International Organization of Motor Vehicle Manufacturers, around 12637480 passenger cars were sold in Europe in 2022 that increased to 14999957 in 2023.

Highlights of the Automotive Engine Components Market

• Asia Pacific held the dominant share of the automotive engine components market due to the growing sales of automotives in this region.
• North America is expected to grow with a significant CAGR due to the presence of numerous automotive companies in this region.
• The passenger cars segment dominated the market due to the growing sales of SUVs across the world.
• The gasoline engine segment led the market due to the increasing consumer preference towards petrol vehicles.

Industry Leader Announcement

In January 2025, Nitin Jirafe, the Managing Director of Tata Cummins Pvt. Ltd. announced that,” At Cummins, we have always believed in designing solutions that not only meet the needs of our customers but also contribute meaningfully to our country’s progress. The products launched today align with transformative Viksit Bharat and Make in India initiatives, while addressing the evolving needs of commercial vehicle industry. Collectively, these offerings will give our customers the power of choice, enabling them to select the right technology for their needs while supporting the economic and environmental aspirations of the nation.”

Competitive Landscape

The automotive engine components market is a highly competitive industry with the presence of various dominant players. Some of the prominent companies ruling this industry comprises of Bosch GmbH, Continental AG, Denso Corporation, Magna International Inc, Aisin Seiki Co., Ltd., Delphi Technologies, Valeo SA, Hitachi Automotive Systems, Ltd., BorgWarner Inc., Mahle GmbH, Cummins Inc., ZF Friedrichshafen AG and some others. These market players are constantly engaged in developing engine components for automotives and adopting several strategies to sustain their dominant position in this industry.

• According to the annual report of Borgwarner, the annual revenue of the company in 2022 was US$ 12635 million that increased to US$ 14198 million in 2023.

Market Segmentations

By Component Type

• Pistons
• Valves
• Crankshaft
• Camshaft
• Connecting Rods
• Others

By Vehicle Type

• Passenger Cars
• Light Commercial Vehicles
• Heavy Commercial Vehicles
• Others

By Fuel Type

• Gasoline
• Diesel
• Electric
• Hybrid 

By Sales Channel

• OEM
• Aftermarket

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa