The global automotive engine market was valued at USD 94.8 billion in 2021 and USD 96.8 billion in 2022, and is projected to reach USD 118.2 billion by 2030, expanding at a CAGR of 2.5% between 2022 and 2030. Growth is closely tied to global vehicle production volumes, with rising passenger car and commercial vehicle sales — particularly across emerging economies — acting as the...

Internal combustion engines (ICEs) remain an important component of global transportation, industrial machinery, marine operations, and power generation. Despite the growing adoption of electric vehicles and alternative propulsion technologies, ICE systems continue to serve a broad range of applications because of their established manufacturing infrastructure, fuel availability, performance...