Automobile Engine & Parts Manufacturing in the US
Revenue for the Automobile Engine and Parts Manufacturing industry is expected to trend higher over the five years to 2016. During the recession, high gasoline prices deterred consumers from purchasing new vehicles, and weak economic conditions only exacerbated the industry's poor performance. However, bolstered by improvements in the economy, the automotive sector has since recovered from a low recessionary base. Engine efficiency has been a hot topic across the entire automotive sector, fueled by changing consumer preferences and looming legislative standards. Generally, consumers have shifted from light trucks and sport utility vehicles to more compact, fuel-efficient cars. Initially, major automakers suffered from the loss of sales, but most have since made strides in improving the fuel efficiency of their engines. Nonetheless, more rapid electric vehicle growth could undermine demand for engine manufacturing in the next five years.
Companies in this industry manufacture motor-vehicle gasoline engines and related parts including valves, pistons, crankshafts, camshafts, fuel injectors and pumps. This industry does not include hybrid engines, electric vehicle (EV) motors or diesel engines.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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