Crate Engines Market Size, Share, Growth Report 2030

Global Crate Engines Market: Overview

A crate engine is a complete engine that is directly delivered on a crate. The crate engine makes upgrading simple by offering a turnkey solution that eliminates the difficulty of rebuilding or building the engine. Crate engines have a wide range of applications that includes motorsports competition, general replacement, and hot rod builds. As compared to custom builds and engine overhauls, crate engines are considered to be a more reliable and economical solution.

Report Scope:

Global Crate Engines Market: Growth Factors

The global crate engines market is growing at a speedy rate. The rapidly expanding automotive industry, increase in motorsports racing, and growing demand for rebuilt engines are some of the major factors that are fueling the growth of the global crate engines market. Drag racing, dirt track, and asphalt are some of the popular motorsports competition that has gained immense popularity across the world. In motorsports, due to numerous reasons, crate engines have gained popularity and are considered to be the most affordable option as compared to a purpose-built race engine. Crate engines are easy to ship from stock and are cost-effective than a complete rebuild of a defective engine. Crate engines are also been widely used in the marine industry for a marine engine replacement. All such factors coupled with user satisfaction, efficient sales channels, and beneficial collaborations with the local vendors are contributing to the growth of the global market. Moreover, the growing number of commercial and passenger vehicles in developing countries, heavy investments by the major players in R&D activities for upgrading the features of the crate engine, and emerging market players are also some of the key features that are augmenting the growth of the market. Furthermore, the growing focus on the development of innovative products and electric vehicle crate engines can create ample opportunities for the growth of the global crate engines market during the forecast period. However, the low performance of the crate engine may limit the growth of the global crate engines market.

The global economy is severely hit by the current onset of COVID-19, and the global crate engines market is among the industries who been badly affected due to pandemic conditions. In the COVID-19 pandemic situation, several governments around the world imposed strict lockdowns to curb the spread of infection. However, the strict lockdowns caused disruption of the supply chain, shortage of raw materials, and low sale of products. This resulted in low revenue generation in the year 2020. However, the market is expected to bounce back over the forecast period.

Global Crate Engines Market: Segmentation

The global crate engines market is bifurcated based on fuel, engine type, cubic capacity (CC), and region. Based on fuel, the global crate engines are categorized into gasoline and diesel. The engine types considered include rebuilt engines, remanufactured engines, new engines, and used engines. By cubic capacity, the market is bifurcated into 600-1000 CC, 1000-3000 CC, 3000-5000 CC, and >5000 CC.

Global Crate Engines Market: Regional Analysis

North America is expected to continue its dominance in the global crate engines market. The market is projected to generate large revenue over the forecast period. Some of the key factors contributing to the growth of the market include high demand for crate engines in internal combustion engines, well-developed motorsport, and growing demand for customized bikes & cars. Europe is expected to register the highest CAGR over the forecast period. Factors such as the rapidly growing automobile industry and growing research on high output engines for motorsports are expected to drive the growth of the market in this region. The crate engines market in the Asia Pacific region is also expected to grow at a steady rate over the forecast period.

Global Crate Engines Market: Competitive Players

The global crate engines market is primarily dominated by large-scale motor companies and also by some mid and small-scale companies operating around the world. These major players hold nearly 40% share of the overall market. Some of the major players operating in the market are EDELBROCK, LLC., Chevrolet, Ford Racing, Blueprint Engines, JEGS High Performance, West Coast Engines, Jasper Engines & Transmissions, HARLEY-DAVIDSON, Yoshimura R&D of America, Inc., ATK High Performance Engines, American Honda Motor Co., Inc., and Custom Crate Engines, among others.

Global Crate Engines Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.