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Automotive Engine Front Module Market Size

Report ID: GMI12548
Published Date: Dec 2024
Report Format: PDF

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Automotive Engine Front Module Market Size

The global automotive engine front module market size was valued at USD 131.1 billion in 2024 and is projected to grow at a CAGR of 4.9% between 2025 and 2034. The rapid expansion of the electric vehicle (EV) market is significantly driving the growth of the market. EVs require specialized thermal management systems to maintain optimal battery and component performance.

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Unlike internal combustion engine vehicles, EVs heavily depend on efficient cooling mechanisms for batteries, electric motors, and inverters, which increases the demand for advanced front modules. For instance, according to the International Energy Agency (IEA), almost 14 million new electric cars were registered globally in 2023, bringing their total number on the roads to 40 million. Electric car sales in 2023 were 3.5 million higher than in 2022, a 35% year-on-year increase.

Automotive Engine Front Module Market Report Attributes
Report Attribute	Details
Base Year:	2024
Automotive Engine Front Module Market Size in 2024:	USD 131.1 Billion
Forecast Period:	2025 to 2034
Forecast Period 2025 to 2034 CAGR:	4.9%
2034 Value Projection:	USD 199.9 Billion
Historical Data for:	2021 – 2024
No. of Pages:	180
Tables, Charts & Figures:	200
Segments covered:	Component, Material, Vehicle, Sales Channel
Growth Drivers:	Rising demand for lightweight and sustainable materials The rapid expansion of the EV market Technological integration of smart sensors, active grille shutters, and modular designs Growth in passenger car and commercial vehicle production Focus on crash safety and durability
Pitfalls & Challenges:	High initial investment costs Complex supply chain

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Additionally, the lightweight materials and modular designs used in engine front modules align with the EV industry's focus on improving energy efficiency and extending vehicle range. As governments worldwide promote EV adoption through incentives and stricter emission regulations, manufacturers are investing in innovative, EV-specific engine front modules, contributing to the market's growth and technological evolution.

Moreover, the rise in passenger car and commercial vehicle production significantly drives the automotive engine front module market by directly increasing the demand for advanced front-end systems. Urbanization and higher disposable incomes have boosted global passenger car sales, particularly in emerging economies such as China and India. Additionally, the growth of the e-commerce and logistics industries has accelerated the production of commercial vehicles, including light and heavy-duty trucks. Both vehicle types rely on efficient front-end modules for thermal management, aerodynamic performance, and compliance with stringent emissions and safety regulations.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The module market size of automotive engine front reached USD 131.1 billion in 2024 and is set to grow at a 4.9% CAGR from 2025 to 2034, driven by the rapid expansion of the electric vehicle (EV) market.

The passenger vehicles segment held around 73% of the market share in 2024, propelled by significant production and sales volumes globally.

The Asia Pacific market accounted for 40% of the revenue share in 2024 and is poised to cross USD 85 billion by 2034, led by China's position as the world's largest automotive producer and consumer.

The key players in the industry include Aisin Seiki, Denso, Grupo Antolin, Hella, HYUNDAI Mobis, Magna, Magneti Marelli, Mahle, Robert Bosch, and Valeo.