Engine Downsizing Market: Introduction

Key Drivers of Engine Downsizing Market

  • Shifting focus of APAC countries toward energy-efficient vehicles and government norms to promote fuel-efficient and environmental-friendly vehicles is driving the engine downsizing market. India's dependence on imported fossil fuels is rising continuously due to the limited domestic petroleum resources, which has compelled the government to introduce Corporate Average Fuel efficiency (CAFE) norms. Under these norm, India seeks cars to be become 30% or more fuel-efficient from 2022, while 10% or more by 2021 end. Therefore, introduction these norms in the rapidly expanding automotive market such as India is estimated to further boost the adoption of engine downsizing technology in vehicles. Emissions regulations are scheduled to become the toughest, globally, in China?the largest automotive market in Asia. These new rules are expected to favor the development of gasoline turbocharged engines and propel the adoption of electrification. China is projected to be a prominent market for turbocharged light vehicles, globally.

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Challenges in Engine Downsizing Market

  • The recent outbreak of COVID-19 pandemic has affected national as well as international automotive supply chains, manufacturing and R&D operations and consequently, hampered the automotive industry. Post first wave of COVID-19, global economies have started opening up automotive manufacturing and supply chain operations, thus the COVID impact on the industry have seems to reach a state of normalcy; however, a resurgence in COVID-19 cases in countries across Europe has prompted governments to impose a second round of lockdown restrictions and hence, the uncertainty in the automotive industry continues. A gradual recovery in the demand for automotive and ancillaries is anticipated in the next few months despite concerns around the risk of a second wave of infection in numerous countries and other geopolitical risks.

Opportunities in Engine Downsizing Market

  • In April 2020, U.S National Highway Traffic Safety Administration and Environmental Protection agency has amended the Corporate Average Fuel Economy (CAFE) and greenhouse gas emissions standards for passenger cars and light trucks and established new less stringent standards, covering model years 2012 to 2016 in phase 1 and model years 2017 to 2025 in phase 2. Introduction of these standards is likely to act as a major opportunity for the adoption of engine downsizing technology.
  • Major automotive players have been involved in enhancing the current engine technology through extensive R&D investments. This is likely to further boost the scope of improving performance and extending technology to a wide class of vehicle at a more compact size.

North America holds Dominant Share of Engine Downsizing Market

Dynamic changes in the heavy-duty industry, which include vertical integration of heavy-duty truck OEMs, tightening emission and fuel-efficiency regulations, and market adoption of natural gas and hybrid/electric vehicles, are driving engine downsizing in North America. In the U.S. market, automakers are leveraging advances in technology to dramatically shrink engines without compromising performance. This is estimated to help the industry to reduce carbon emissions and improve fuel economy in response to market and regulatory demands since smaller, more efficient engines consume less fuel. The benefits of engine downsizing are already appearing in the U.S. market. Sales of turbocharged vehicles jumped to 22% of total sales in 2016, up from 3.3% in 2010. Most automakers in the U.S. market offer downsized gasoline engines, and all of the world’s ten largest auto companies produce engines capitalizing on these technologies. Based on product planning estimates, the market share for downsized, boosted engines is projected to continue to increase.

Key Players Operating in Engine Downsizing Market

The global engine downsizing market is moderately consolidated. A few of the key players operating in the global engine downsizing market are

  • MAHLE Powertrain Ltd    
  • Robert Bosch GmbH
  • Cummins Inc
  • BorgWarner Inc.
  • Continental AG
  • EATON Corporation
  • Honeywell International Corporation
  • IHI Corporation
  • Mitsubishi Heavy Industries
  • Precision Turbo & Engine
  • Rotomaster International
  • Turbo Dynamics Ltd.

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Global Automotive Perception Sensor Mark: Research Scope

Global Engine Downsizing Market, by Vehicle Type

  • Passenger Vehicle
    • Hatchback
    • Sedan
    • Utility Vehicles
  • Light Duty Vehicle
  • Medium & Heavy Duty Trucks
  • Buses & Coaches

Global Engine Downsizing Market, by Sales Channel

  • OEM
  • Aftermarket

Global Engine Downsizing Market, by Technology

  • Turbochargers
  • Superchargers
  • Twin-Charging

Global Engine Downsizing Market, by Method

  • Direct fuel injection (DI)
  • Advanced exhaust gas recirculation (EGR)

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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