The Market for Vehicle Engine and Engine Parts Manufacturing Reached a Value of Nearly $261 Billion in 2016 and is Expected to Reach $324 Billion by 2020. - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jul 10, 2018--The “Vehicle Engine And Engine Parts Manufacturing: Global Markets to 2020” report has been added to ResearchAndMarkets.com’s offering.
Global vehicle engine and engine parts manufacturing market are currently in a very crucial phase of transformation. Low oil prices and increased economic activity because of a rise in disposable income drove the vehicle engine and engine parts manufacturing market. This trend was mainly driven by countries in Asia, South America, and Africa where a drastic growth in the automotive manufacturing sector led to increased demand for vehicle engine and engine parts. At the same time, the rise in emission control regulations and automobile recalls affected growth of the vehicle engine and engine parts manufacturing market. In addition, expanding automotive industry in emerging countries, rising global population, and technological advancements will continue to help generate demand for vehicle engine and engine parts market in the future.
Companies MentionedBayerische Motoren Werke AG (BMW) Cummins Inc. Delphi Automotive Plc Denso Corporation Federal-Mogul Holdings General Motors Company Mahle GMBH
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Related Topics:Automotive Manufacturing,Engines and Engine Parts
INDUSTRY KEYWORD: MANUFACTURING AUTOMOTIVE MANUFACTURING AUTOMOTIVE GENERAL AUTOMOTIVE
SOURCE: Research and Markets
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PUB: 07/10/2018 07:32 AM/DISC: 07/10/2018 07:32 AM