Engine Components Market Value to reach US$ 8.1 billion by 2031, Transparency Market Research, Inc.
The global market is anticipated to expand at a CAGR of 1.4% during the forecast period from 2022 to 2031.
- The global market is anticipated to expand at a CAGR of 1.4% during the forecast period from 2022 to 2031.
- Thus, rise in demand for off-highway engines is anticipated to drive the global engine components market.
- Leading players are investing in enhancing performance of engine systems and engine components owing to strict regulations concerning vehicle emissions enforced by regulatory agencies.
- As per market research on engine components, the market in Asia Pacific is expected to dominate the global industry.