Accessories and Components for Internal Combustion Engines

Accessories and Components for Internal Combustion Engines Market Outlook

The global market for accessories and components for internal combustion engines is projected to reach approximately USD 90 billion by 2035, growing at a compound annual growth rate (CAGR) of around 4.2% from 2025 to 2035. The growth of this market is largely driven by the increasing demand for automotive vehicles, advancements in engine technologies, and the rising need for fuel-efficient and high-performance engines. As global automotive production remains robust, especially in emerging economies, the emphasis on enhancing the performance and durability of internal combustion engines becomes paramount. Additionally, the growing trend towards sustainability and regulatory pressures for lower emissions further propels innovation and investment in engine components, thereby influencing the market positively. The surge in the aftermarkets, particularly for replacement parts, adds another layer of opportunity, as vehicle owners seek to maintain, upgrade, or replace components to prolong vehicle life and efficiency.

Growth Factor of the Market

The accessories and components market for internal combustion engines is buoyed by several key growth factors that shape its trajectory. Firstly, the automotive sector continues to expand, with increasing vehicle production contributing to a higher demand for engine components. As manufacturers prioritize performance and efficiency, innovations in materials and design enhance the capabilities of internal combustion engines. Additionally, the rise of electric vehicles (EVs) does not deter the market; rather, it encourages hybrid technologies that still rely on internal combustion engines, thereby sustaining component demand. Investment in renewable energy and power generation, particularly through internal combustion engines for backup and auxiliary power, further stimulates market growth. Furthermore, the growing trend of vehicle customization, where consumers prefer high-performance parts, drives the aftermarket segment, presenting lucrative opportunities for component suppliers.

Key Highlights of the Market

• The market is anticipated to reach USD 90 billion by 2035.
• North America and Europe are expected to hold significant shares due to advanced automotive industries.
• Rising demand for lightweight materials is influencing material choices in engine components.
• OEMs are increasingly focusing on fuel efficiency, driving innovations in engine components.
• The aftermarket segment is showing rapid growth, driven by vehicle maintenance and enhancement trends.

By Product Type

Pistons:

Pistons are critical components in internal combustion engines, acting as the driving force for power generation. They move up and down within the cylinder, compressing the fuel-air mixture and transferring force to the crankshaft. The demand for pistons is primarily influenced by trends in automotive production and innovations aimed at minimizing weight while maximizing strength. Manufacturers are increasingly adopting advanced materials, such as aluminum alloys, which enhance performance and durability. Moreover, the integration of features like piston rings that reduce friction and improve fuel efficiency is becoming prevalent. This growing emphasis on enhancing engine performance and efficiency is expected to propel the segment significantly in the coming years.

Crankshafts:

Crankshafts play a pivotal role in converting linear motion from the pistons into rotational motion, driving the vehicle's wheels. The demand for crankshafts is directly tied to the automotive and industrial sectors, with an increasing focus on performance and reliability. Innovations in crankshaft design, such as the use of forged steel and advanced manufacturing techniques, are enhancing their strength and performance characteristics. As automakers continue to push for lightweight designs to improve fuel efficiency, the crankshaft segment is expected to evolve, incorporating advanced materials and engineering solutions. Furthermore, the growth of hybrid and electric vehicles, which sometimes utilize internal combustion engines, also supports the continued relevance of crankshafts in the market.

Camshafts:

Camshafts regulate the timing of engine valve openings and closings, significantly affecting engine performance and efficiency. The evolution of camshaft technologies, including the shift toward variable valve timing (VVT) systems, has led to increased demand as manufacturers seek to optimize combustion processes. This trend is particularly crucial in the automotive sector, where stringent emission regulations drive the need for innovative solutions. Camshafts made from lightweight materials like aluminum and high-strength steel are being developed to enhance performance while reducing overall engine weight. The segment is expected to see robust growth as automakers continue to invest in sophisticated engine management technologies to improve efficiency and performance.

Valves:

Valves are essential for managing airflow in and out of the combustion chamber, impacting overall engine performance. The growth in the automotive sector, particularly with a focus on enhancing fuel efficiency and reducing emissions, has led to increased investment in advanced valve technologies, such as electronically controlled valves. Valves made from durable materials like stainless steel and titanium are gaining popularity due to their ability to withstand extreme conditions. Additionally, innovations like multi-valve configurations are becoming common in modern engines, further driving the demand for this component. As the automotive industry continues to evolve, the valve segment is expected to grow significantly, fueled by advancements in engine technology and regulatory pressures.

Bearings:

Bearing components are crucial for reducing friction between moving parts within an engine, directly influencing performance and longevity. The market for bearings is driven by the automotive, marine, and industrial segments, with increasing demand for high-performance bearings that can withstand higher loads and temperatures. Advanced materials, such as composite and ceramic bearings, are being developed to improve performance and durability. Additionally, the trend towards electric vehicles and hybrid systems, which still rely on combustion engines for certain functions, presents an opportunity for the bearing segment. Enhanced durability and reduced maintenance needs are key selling points for bearing manufacturers, as they seek to capture a larger market share in this competitive landscape.

By Application

Automotive:

The automotive industry represents the largest segment of the accessories and components market for internal combustion engines. With the ever-increasing demand for vehicles, manufacturers are focusing on enhancing engine performance, fuel efficiency, and sustainability. The rising popularity of electric and hybrid vehicles has also led to innovations in traditional engine components, making them more versatile and efficient. The automotive segment is further bolstered by growth in the aftermarket, where consumers seek high-performance and replacement parts to optimize their vehicles. As global automotive production is projected to rise, the demand for internal combustion engine components is expected to grow concurrently, making it a critical focus area for manufacturers.

Marine:

The marine application segment involves a variety of engines used in ships, boats, and other watercraft. The demand for marine engines is influenced heavily by the growth in the recreational boating industry and commercial shipping needs. As vessels require reliable and efficient internal combustion engines, the demand for high-quality accessories and components rises. Manufacturers are increasingly focusing on corrosion-resistant materials and advanced technologies to meet the specific conditions of marine environments. Furthermore, as sustainability becomes a priority within the maritime industry, innovations aimed at reducing emissions and improving efficiency are expected to drive growth in this segment. Overall, the marine application segment represents a vital area for growth in the internal combustion engine components market.

Industrial:

In the industrial sector, internal combustion engines are utilized in various applications such as generators, construction equipment, and agricultural machinery. The demand in this segment is driven by the continuous need for power generation and machinery in developing economies. As industries grow and expand, the reliance on durable and efficient engine components becomes crucial. Innovations in industrial engines that improve fuel efficiency and reduce emissions are gaining traction as regulations become stricter. Additionally, the push towards automation and modernization in industries is further stimulating the demand for high-performance internal combustion engines, thereby impacting the market for their accessories and components positively.

Aerospace:

The aerospace sector, while smaller than automotive or industrial, plays a significant role in the accessories and components market for internal combustion engines. Engines used in aviation, such as turbine engines, require high-quality components to ensure safety and reliability during operation. The rigorous standards and regulations governing aerospace engines drive demand for advanced materials and precision-engineered components. As the aerospace industry recovers and expands following disruptions, the requirement for reliable engine components will continue to grow. Additionally, as aerospace technologies evolve, there is a growing need for innovative solutions that enhance performance and reduce environmental footprints, resulting in opportunities for component manufacturers.

Power Generation:

Power generation applications utilize internal combustion engines for backup power and auxiliary power solutions. This segment is becoming increasingly important as reliability and efficiency in energy production gains focus. The demand for reliable power sources, especially in remote areas and during emergencies, drives the need for robust engine components. As the industry transitions towards more sustainable energy solutions, hybrid power generation systems that combine internal combustion engines with renewable sources are becoming more common. This shift presents opportunities for component manufacturers to innovate and develop products that cater to this evolving market landscape, enhancing the potential for growth in the accessories and components market.

By Distribution Channel

OEMs:

The OEM distribution channel accounts for a significant share of the accessories and components market, primarily due to the direct partnerships between component manufacturers and vehicle producers. OEMs often require high-quality components that adhere to strict performance and safety standards, driving demand for advanced technologies and materials. The growing complexity of vehicles and the need for component integration further position OEMs as key players in this landscape. Additionally, as vehicle manufacturers strive to improve fuel efficiency and meet emissions regulations, they often turn to innovative components that enhance the overall performance of their vehicles. This collaborative approach between OEMs and component suppliers is expected to foster growth in this segment.

Aftermarket:

The aftermarket segment plays a crucial role in the accessories and components market, as vehicle owners seek to maintain, replace, or upgrade their engine components. The growing trend of vehicle customization, along with the aging vehicle fleet, fuels demand for aftermarket components. Consumers are increasingly inclined to invest in high-performance parts that improve their vehicle's efficiency or enhance its performance. Additionally, with a significant number of vehicles on the road requiring servicing and repairs, the aftermarket is positioned for substantial growth. Manufacturers focusing on developing superior quality components with enhanced features are likely to gain traction in this segment. The rise of e-commerce platforms also facilitates access to aftermarket components, further broadening market opportunities.

By Material Type

Steel:

Steel is one of the most widely used materials in the accessories and components market for internal combustion engines due to its excellent strength, durability, and cost-effectiveness. Components such as crankshafts, camshafts, and bearings often utilize high-grade steel to meet the performance requirements of modern engines. The material's ability to withstand high stresses and temperatures makes it ideal for heavy-duty applications. Furthermore, advancements in steel manufacturing techniques, such as the development of high-strength low-alloy steels, are enhancing material properties and performance. The growing emphasis on lightweight designs in automotive applications is also driving innovations in steel usage, ensuring its continued relevance in the market.

Aluminum:

Aluminum is gaining traction in the accessories and components market due to its lightweight properties and resistance to corrosion. As the automotive industry pushes for fuel efficiency and lower emissions, aluminum is increasingly being utilized in components like pistons and valve covers. The material's excellent thermal conductivity also enhances engine performance by contributing to better heat dissipation. Manufacturers are investing in advanced aluminum alloys that offer improved strength while maintaining low weight, making them attractive options for high-performance applications. The trend towards lightweight automotive designs will likely drive further adoption of aluminum in engine components, contributing significantly to the market's growth.

Iron:

Iron remains a traditional choice for many engine components due to its exceptional strength and wear resistance. Ductile and cast iron are commonly used for components like engine blocks and crankshafts, providing durability and the ability to withstand high pressure and temperatures. The robustness of iron makes it particularly suitable for heavy-duty engines used in industrial applications. However, with the ongoing push for lighter and more fuel-efficient engines, the iron segment faces challenges as manufacturers explore alternatives. Nonetheless, innovations in iron metallurgy and processing technologies are enabling the development of advanced iron components that meet modern performance standards, ensuring the material's continued importance in the market.

Titanium:

Titanium is increasingly finding applications in the accessories and components market for internal combustion engines due to its exceptional strength-to-weight ratio and resistance to corrosion. Components such as valves, connecting rods, and fasteners made from titanium offer significant performance advantages, particularly in high-performance automotive applications. While titanium's cost remains a limiting factor for widespread adoption, ongoing advancements in manufacturing processes are gradually reducing production costs. As the demand for high-performance engines grows, particularly in motorsports and luxury vehicles, the titanium segment is expected to see increased investment and interest from manufacturers looking to enhance engine performance.

Ceramic:

Ceramic materials are emerging as innovative solutions in the accessories and components market, particularly in applications requiring high heat resistance and low friction. Ceramic components are often utilized in engine applications such as piston coatings and valve seats, providing superior performance characteristics. The lightweight and high thermal stability of ceramics make them ideal for enhancing engine efficiency while reducing wear and tear. As manufacturers continue to explore advanced materials to meet the demands of modern engine technologies, ceramics are gaining a foothold in niche applications, particularly in racing and high-performance engines. The potential for further development and integration of ceramics into internal combustion engine components signifies a growing opportunity in this segment.

By Region

The North American region is expected to hold a substantial share of the global accessories and components market for internal combustion engines, fueled by its established automotive industry and technological advancements. The market in this region is projected to grow at a CAGR of approximately 4% during the forecast period, driven by the increasing demand for fuel-efficient and high-performance vehicles. The presence of key automotive manufacturers and a robust aftermarket system significantly contribute to the region's market dynamics. Additionally, the growing interest in electric and hybrid vehicles, which still rely on internal combustion engines for certain applications, is expected to support the demand for engine components, further bolstering growth in this region.

In Europe, the accessories and components market is driven by stringent regulatory frameworks aimed at reducing emissions, leading to innovations in engine technology. With a strong focus on sustainability, automakers are investing in advanced materials and design solutions to meet compliance standards. As a result, the European market is projected to witness steady growth, supported by the increasing shift towards electric and hybrid vehicles, which retain internal combustion engines for various functionalities. The Asia Pacific region, characterized by rapid industrialization and urbanization, presents lucrative opportunities, particularly in automotive production. The market in this region is expected to expand significantly as manufacturers seek to enhance their product offerings and cater to the growing demand for vehicles.

Opportunities

As the accessories and components market for internal combustion engines continues to evolve, several opportunities are emerging for manufacturers and suppliers. One of the most significant opportunities lies in the development of lightweight and advanced materials that can enhance engine performance while meeting stringent regulatory standards for fuel efficiency and emissions. Companies that can innovate and produce high-performance components using lightweight materials such as aluminum, titanium, and ceramics stand to gain a competitive advantage in the market. Additionally, the growing trend toward customization and aftermarket enhancements offers avenues for companies to expand their product lines and cater to consumer preferences for high-performance upgrades.

Furthermore, the shift towards hybrid and electric vehicle technologies presents unique opportunities within the market. While electric vehicles are becoming more prevalent, many manufacturers still incorporate internal combustion engines for specific applications, such as hybrids. This trend underscores the continued need for efficient and high-performing engine components. Additionally, the increasing focus on sustainability and eco-friendliness is prompting manufacturers to invest in green technologies that minimize emissions. This shift opens doors for partnerships and collaborations between component suppliers and automotive manufacturers seeking to innovate and comply with environmental regulations, thereby creating a fertile ground for growth in the accessories and components market.

Threats

Despite the positive outlook for the accessories and components market for internal combustion engines, there are notable threats that manufacturers need to address. One significant threat is the global shift towards electric vehicles, which poses challenges for traditional internal combustion engine components. As more consumers and manufacturers prioritize electric alternatives, the demand for conventional engine components may decline. This transition requires manufacturers to adapt their product offerings and explore diversification strategies to remain relevant in an evolving market. The rapid pace of technological advancements also means that manufacturers must continually invest in research and development to keep up with emerging technologies and consumer demands, which can strain resources and affect profitability.

Additionally, fluctuating raw material prices and supply chain disruptions pose challenges for component manufacturers. The reliance on specific materials, such as steel and aluminum, makes the market vulnerable to price volatility, which can affect production costs and overall profit margins. Global events, such as geopolitical tensions and natural disasters, can further exacerbate supply chain issues, leading to delays and increased operational costs. Manufacturers must navigate these challenges by implementing risk management strategies and diversifying their supply chains to mitigate potential disruptions and maintain competitiveness in the accessories and components market.

Competitor Outlook

• Mahle GmbH
• Federal-Mogul Corporation
• TRW Automotive Holdings Corp.
• Continental AG
• Delphi Technologies
• Thyssenkrupp AG
• Parker Hannifin Corporation
• Hitachi Automotive Systems
• BorgWarner Inc.
• ZF Friedrichshafen AG
• Aisin Seiki Co., Ltd.
• Wabco Holdings Inc.
• GKN PLC
• Honeywell International Inc.
• SKF AB

The competitive landscape of the accessories and components market for internal combustion engines is characterized by a mix of established players and emerging companies striving to innovate and capture market share. Key manufacturers are increasingly focusing on research and development to enhance their product offerings, with an emphasis on lightweight materials and advanced designs that meet evolving consumer demands. Additionally, strategic partnerships and collaborations between manufacturers and automotive producers are becoming more common as companies seek to co-develop solutions that enhance engine performance and efficiency. The trend toward sustainability and eco-friendliness is also influencing competitive dynamics, with companies investing in green technologies to reduce emissions and comply with regulatory requirements.

Among the major players, Mahle GmbH stands out due to its extensive portfolio of engine components and commitment to innovation. The company has made significant strides in developing lightweight components and advanced materials that enhance engine performance while reducing emissions. Similarly, BorgWarner Inc. is a key player focusing on turbocharging and thermal management technologies, positioning itself as a leader in the evolving automotive landscape. Companies such as Continental AG and Delphi Technologies are also heavily invested in research and development, working to introduce cutting-edge technologies that align with industry trends and consumer expectations.

Furthermore, the growing trend of electric and hybrid vehicle integration into traditional internal combustion systems provides unique opportunities for companies like Thyssenkrupp AG and Aisin Seiki Co., Ltd. These manufacturers are increasingly diversifying their product ranges to include components suitable for hybrid technologies while maintaining their core competencies in conventional engine parts. As the market evolves, the competitive landscape will continue to adapt, with established players leveraging their market presence and innovative capabilities to navigate the complexities of the accessories and components market for internal combustion engines.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 SKF AB
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 GKN PLC
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Mahle GmbH
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Continental AG
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 BorgWarner Inc.
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Thyssenkrupp AG
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Delphi Technologies
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Wabco Holdings Inc.
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Aisin Seiki Co., Ltd.
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 ZF Friedrichshafen AG
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Federal-Mogul Corporation
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Hitachi Automotive Systems
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Parker Hannifin Corporation
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Honeywell International Inc.
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 TRW Automotive Holdings Corp.
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Accessories and Components for Internal Combustion Engines Market, By Application
    • 6.1.1 Automotive
    • 6.1.2 Marine
    • 6.1.3 Industrial
    • 6.1.4 Aerospace
    • 6.1.5 Power Generation
  • 6.2 Accessories and Components for Internal Combustion Engines Market, By Product Type
    • 6.2.1 Pistons
    • 6.2.2 Crankshafts
    • 6.2.3 Camshafts
    • 6.2.4 Valves
    • 6.2.5 Bearings
  • 6.3 Accessories and Components for Internal Combustion Engines Market, By Material Type
    • 6.3.1 Steel
    • 6.3.2 Aluminum
    • 6.3.3 Iron
    • 6.3.4 Titanium
    • 6.3.5 Ceramic

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Middle East & Africa - Market Analysis
    • 10.5.1 By Country
      • 10.5.1.1 Middle East
      • 10.5.1.2 Africa
  • 10.6 Accessories and Components for Internal Combustion Engines Market by Region

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Accessories and Components for Internal Combustion Engines market is categorized based on

By Product Type

• Pistons
• Crankshafts
• Camshafts
• Valves
• Bearings

By Application

• Automotive
• Marine
• Industrial
• Aerospace
• Power Generation

By Material Type

• Steel
• Aluminum
• Iron
• Titanium
• Ceramic

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• Mahle GmbH
• Federal-Mogul Corporation
• TRW Automotive Holdings Corp.
• Continental AG
• Delphi Technologies
• Thyssenkrupp AG
• Parker Hannifin Corporation
• Hitachi Automotive Systems
• BorgWarner Inc.
• ZF Friedrichshafen AG
• Aisin Seiki Co., Ltd.
• Wabco Holdings Inc.
• GKN PLC
• Honeywell International Inc.
• SKF AB