Engines and motors industry comprises companies that operate by manufacturing, producing, designing and selling of engines and motors for vehicles ranging from two wheelers to cars and truck. The engines and motors are responsible for the conversion of potential energy (fuel, compressed air, pressurized fluids) and electrical energy into mechanical energy useful for various processes in transportation, industry, and residential and commercial sectors. The modern form of machine engines was innovated with the steam engine, which brought about significant acceleration in global industrialization. Steam engines burned fuel, commonly wood or coal, to generate steam that operated as a working fluid for driving a piston to provide mechanical energy. Railroad locomotives, ships and early factories made significant use of steam engines.

The industry term is overwhelmingly used to identify electric motors. Electric motors use magnetic fields to turn or drive charged current-carrying conductors in the motor body and provide mechanical energy. The reverse function is accomplished by generators. Electric motors are categorized by their use of direct current (DC) or alternating current (AC) electricity (universal motors operate on both currents) and design features such as iron, copper and magnet rotors; brushed or brushless; pancake; coreless; stepper; induction; and synchronous. Other sources of energy for motors include compressed air (pneumatic motors), springs (elastic energy), and chemical reactions. Engines and motors are universal in application from industry machinery, cars, most forms of vehicles, toys, consumer appliances, computers, power plants, pumping systems, and the grid. The global automobile engine industry encompasses companies manufacturing motor-vehicle gasoline engines and related parts such as fuel injectors, valves, pumps, camshafts, crankshafts and pistons. Manufacturers continue to concentrate their efforts on boosting engine efficiency to cut down on emissions in the face of rising environmental awareness, and the need for more compact engines that use less petrol.

2 . Iron & Steel Industry Trends

According to Freedonia, the global diesel engine industry is expected to witness 7% yearly growth in demand through 2015 to reach almost $198 billion. Increased motor vehicle production will boost product sales, with production of medium and heavy trucks and buses recording the highest increase in output. Industry value gains will be driven by more widespread use of higher value, and more superior products. Asia-Pacific leads the global diesel engine market, with India and China fueling growth in the region through to 2015 thanks to higher motor vehicle output, increasing off-highway equipment production and higher levels of investment. Diesel engine sales in the Asia-Pacific region are expected to record a yearly increase of close to 8% through 2015. China will account for close to 35% of extra global demand over the five-year period ending 2015. Medium and heavy vehicle diesel engines represent the market segment set to record the highest gains in the region, equivalent to almost 55% of overall sales.

The Global Automobile Engine and Parts Manufacturing industry has been on a bumpy road over the past five years, but industry revenue is expected to trend upwards as economic conditions rebound. The position, once held by the United States, which is held by China now, demonstrates the clear shift in the car market from the mature Western economies to the emerging ones. This trend has helped promote revenue growth of 2.0% for 2013. While soaring petrol prices increased demand for fuel-efficient cars, domestic motor vehicle manufacturers seemed to believe their main market would remain loyal to large, relatively fuel-inefficient cars. Production figures show that the sales of large domestic vehicles have fallen while the imports of small, fuel-efficient cars have increased. Retailers carrying imported brands and cars in the small- and light-vehicle segments have benefited from this trend. Industry revenue is estimated to rise by an annualized 2.1% over the five years through 2013-14, as manufacturers continue to struggle. This includes an increase in revenue of 0.8% in 2013-14, to $127.4 billion. Higher real household disposable incomes are expected to back a rise in sales and production. 

3 . Major Iron & Steel Industry Players

Major players in the engines and motors industry include Triumph, Ferrari, BMW, Fiat, Volkswagen, Ford, Royal Enfield, Mitsubishi, Suzuki, Honda and Bajaj.