With stringent pollution control regulations in place, the demand for fuel efficiency and emission control mechanisms have escalated in the automobile industry. Rise in demand for vehicles which are fuel efficient have contributed towards the growth of vehicle engines and engine parts market. In its newly added report titled ‘Vehicle Engine and Engine Parts Manufacturing: Global Markets to 2020, Market Research Hub (MRH) provides insights on the impact of recent market trends and developments on the growth of the global market.
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Snapshot of Vehicle Engine and Engine Parts Manufacturing Market
Steep rise in environmental pollution is attributed to automobile emissions. This growing hazard has compelled manufacturers to divert their investments towards the production of efficient automobile technology that can offset the implications posed by the same. The emissions caused by internal combustion engines is a driving factor that is encouraging the adoption to smart engines and engine parts, thereby contributing to the market growth. Improved devices such as intelligent diesel engines and electronic fuel injection are modern innovations that have amended the thermal efficiency of engines. These technological novelties are encouraging manufacturers to produce improved vehicle engines to meet the objectives of lesser fuel consumption and greater emission control. The high prices of electric and solar cars discourage consumers from investing in the same. This in turn has positively impacted the demand for vehicle engines. Additionally, companies are focusing on developing engines and engine parts that can minimize harmful automobile emissions and generate higher fuel efficiency. Mazda’s The SKYACTIV-G gasoline engine is an advanced version of engines that ensures accurate fuel consumption. Mahle’s EGR Coolers are designed to diminish fuel consumption in gasoline engines. Delphi’s Knock sensors, EGR Valves, Camshaft Sensors adequately constitute its Engine Management System.
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Segmentation of Vehicle Engine and Engine Parts Manufacturing Market
Critical information summarized in the report outlines important insights on the impact of growth of the market. These statistics accumulated in the report enables the readers to gain significant inferences that drive the growth of the market. The report is segmented in terms of various regions. On the basis of region, the market is fragmented as Europe, North America and Asia Pacific. Vital insights provided in the report further enlightens the readers on the effect of approaches applied by major market players in various regions. Based on this information, leading companies can understand the current trends and developments prevalent in the global market and make accurate choices. Vital insights collected in the report provide crucial information on various strategies adopted by major companies and its influence on the customer’s purchase decisions. Based on the insights offered in the report, leading firms and new market players can make accurate analysis and important investment decisions. Leading companies operating in the global market include MAHLE, Delphi Automotive PLC, Federal Mogul Corporation, and Cummins, DENSO Corporation among others.
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