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Flourishing Automotive Industry is Encouraging the Demand for Reciprocating Engines Globally

According to a new market research report published by Acute Market Reports Reciprocating Engines Market (By Fuel Type: Petrol, Diesel, LPG & CNG, and Hybrid; By Number of Cylinders: Single Cylinder and Multi-cylinders); By Application: Automotive, Aircrafts, Marine, Combined Heat and Power, Industrial Manufacturing & Processing, Energy and Utilities, Landfill and Biogas, Agriculture) – Growth, Future Prospects, and Competitive Landscape, 2018-2026”, the reciprocating engines market was valued US$ 197,803.5 Mn in 2017 and is estimated to grow with a CAGR of 6.5% .

Market Insights:

The reciprocating engines market was valued at US$ 197,803.5 Mn in 2017 and expected to reach US$ 271,508.6 Mn in 2026, growing at a compounded annual growth rate (CAGR) of 6.5% from 2018 to 2026. Continuously increasing motor vehicle production globally, which has witnessed a year-on-year growth continuously since 2010 is one of the most prominent factors driving the reciprocating engines market growth. Moreover, the fact that most of the automobiles manufactured currently have reciprocating engines installed further aids the market growth. Countries around the world are in a zest to mechanize it farming sector in order to improve the production. This impacts the market growth for reciprocating engines positively. Therefore, these factors are expected to drive the demand for reciprocating engines during the forecast period 2018 – 2026.

Asia Pacific has emerged as the most lucrative region for overall reciprocating engines market claiming market share of 40% in 2017 and expected to grow at a considerable pace throughout the forecast period from 2018 to 2026. Factors such as high concentration of major automotive manufacturers, growing disposable income, and mechanization of farming have made emerging economies such as China and India major marketplaces for reciprocating engines. Therefore, reliable growth in the agriculture sector in Asia Pacific countries is expected to support the growth of overall reciprocating engines market.

Competitive Insights:

Continuously growing demand for reciprocating engines is keeping major reciprocating engines manufacturers on their toes to face the cut-throat competition. Research and development for product innovation is one of the key strategies adopted by the leading players in the global reciprocating engines market. Companies including GE power and Wärtsilä Corporation are involved in developing engines that are capable to cater the different needs of their customers. Inorganic expansion partnerships, mergers, and joint ventures are also highly observed by the companies to expand their business. For instance, Rolls-Royce Plc entered into a strategic venture with Force Motors Limited (India) in order to manufacture high-power diesel engine to gain low-cost production benefit. Major players in the reciprocating engines market include GE Energy, Siemens Energy, Rolls-Royce Plc., ABB Group, Wärtsilä Corporation, IHI Corporation, Mitsubishi Heavy Industries Ltd., Cooper Corporation, Arrow Engine Company, Caterpillar, Inc., MAN Engines, and Mitsui & Co. Ltd.

Key Analysis Covered:

• Latest trends in reciproccating engines market and growth opportunities for reciprocating engine manufacturers
• Government policies regulating the overall reciprocating engines market
• Different range of products offered by leading manufacturers for several end-use applications
• Largest and fastest growing segments in terms of fuel, number of cyclinders and applications
• Most prominent geographical regions/ countries for the reciprocating engine market
• Introduction of autonomous reciprocating engines equipped with state-of-art electronics and energy efficient systems such as ECU.

The complete report is available at https://www.acutemarketreports.com/report/reciprocating-engines-market

The Global Reciprocating Engines Market is Segmented into:

ATTRIBUTE DETAILS
Research Period  2016-2026
Base Year 2017
Forecast Period  2018-2026
Historical Year  2016
Unit  USD Million
Segmentation

 By Fuel Type (2016–2026; US$ Mn)

 By Number of Cylinders (2016–2026; US$ Mn)

 By Application (2016–2026; US$ Mn)

 By Geography Segment (2016–2026; US$ Mn)

*Complete segmentation list is on report page

 

Key questions answered in this report

  • What are the current market trends and dynamics in the reciprocating engines market and valuable opportunities for emerging players?
  • Estimated forecast and market projections up to 2029
  • Which segment accounts for the fastest CAGR during the forecast period?
  • Which is the largest regional market for reciprocating engines?
  • What is the market trend and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
  • The worldwide market value of the reciprocating engines market in 2019 and 2020
  • Which are the key trends driving the global reciprocating engines market growth?
  • Who are the leading service providers in the reciprocating engines market worldwide?

About Acute Market Reports

Acute Market Reports is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives.

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