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U.S. - Motor Vehicle Engines (Spark-Ignition) - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

U.S. - Motor Vehicle Engines (Spark-Ignition) - Market Analysis, Forecast, Size, Trends and Insights

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Jun 19, 2023

Motor Vehicle Engine Price in United States Increases Slightly to $2,657 per Unit

U.S. Motor Vehicle Engine Import Price in April 2023

In April 2023, the motor vehicle engine price amounted to $2,657 per unit (CIF, US), remaining stable against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in February 2023 an increase of 11% against the previous month. As a result, import price attained the peak level of $2.8M per thousand units. From March 2023 to April 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In April 2023, the country with the highest price was Germany ($5,799 per unit), while the price for China ($716 per unit) was amongst the lowest.

From April 2022 to April 2023, the most notable rate of growth in terms of prices was attained by Austria (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.

COUNTRYImport Price of Motor Vehicle Engine in U.S. (USD per unit)
Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023
Germany5,5565,5375,9574,6435,8835,7905,0955,6655,2195,8116,4055,6695,799
Austria2,8232,7472,8513,1223,1143,0523,0333,0472,1663,2603,2493,4463,570
Italy3,0153,1062,9983,0903,0082,6422,8892,9952,6673,0862,9732,6053,163
Canada3,1023,1823,2253,1583,2253,1413,0962,9563,3973,1433,1163,0723,049
United Kingdom2,5702,4242,4302,2542,2022,1712,1581,9973,5042,5272,4482,6022,796
Mexico2,1962,0622,1492,0232,1382,0471,8972,1282,4142,0372,3752,3602,347
South Korea1,9391,8552,1292,1302,0201,9901,9732,0122,0321,7181,9241,5222,062
Japan1,3621,3031,2371,2831,4471,5771,7521,3981,3361,3551,5641,4741,292
China5974334855173258351,045688651893561726716
Average2,4462,4162,5062,4102,5142,5202,3932,4182,6032,5192,8062,6262,657

U.S. Motor Vehicle Engine Import Prices by Type

There were significant differences in the average prices amongst the major supplied products. In April 2023, the product with the highest price was engines ($2,904 per unit), while the price for engines; reciprocating piston engines, of a kind used for the propulsion of vehicles of chapter 87, of a cylinder capacity not exceeding 50cc ($390 per unit) was amongst the lowest.

From April 2022 to April 2023, the most notable rate of growth in terms of prices was attained by engines; reciprocating piston engines, of a kind used for the propulsion of vehicles of chapter 87, of a cylinder capacity exceeding 1000cc (+0.6%), while the prices for the other products experienced mixed trend patterns.

U.S. Motor Vehicle Engine Imports

In April 2023, the amount of motor vehicle engines (spark-ignition) imported into the United States declined to 329K units, which is down by -8.5% compared with the previous month. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in March 2023 with an increase of 25% month-to-month. As a result, imports attained the peak of 359K units, and then dropped in the following month.

In value terms, motor vehicle engine imports reduced to $874M (IndexBox estimates) in April 2023. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in August 2022 when imports increased by 21% m-o-m. Imports peaked at 944M units in March 2023, and then reduced in the following month.

U.S. Motor Vehicle Engine Imports by Type

In April 2023, engines (287K units) constituted the largest type of motor vehicle engine supplied to the United States, accounting for a 87% share of total imports. Moreover, engines exceeded the figures recorded for the second-largest type, engines; reciprocating piston engines, of a kind used for the propulsion of vehicles of chapter 87, of a cylinder capacity exceeding 250cc but not exceeding 1000cc (32K units), ninefold. Engines; reciprocating piston engines, of a kind used for the propulsion of vehicles of chapter 87, of a cylinder capacity exceeding 50cc but not exceeding 250cc (9.1K units) ranked third in terms of total imports with a 2.8% share.

From April 2022 to April 2023, the average monthly rate of growth in terms of the volume of import of engines was relatively modest. With regard to the other supplied products, the following average monthly rates of growth were recorded: engines; reciprocating piston engines, of a kind used for the propulsion of vehicles of chapter 87, of a cylinder capacity exceeding 250cc but not exceeding 1000cc (-3.0% per month) and engines; reciprocating piston engines, of a kind used for the propulsion of vehicles of chapter 87, of a cylinder capacity exceeding 50cc but not exceeding 250cc (+1.3% per month).

In value terms, engines ($834M) constituted the largest type of motor vehicle engine supplied to the United States, comprising 95% of total imports. The second position in the ranking was held by engines; reciprocating piston engines, of a kind used for the propulsion of vehicles of chapter 87, of a cylinder capacity exceeding 250cc but not exceeding 1000cc ($35M), with a 4% share of total imports. It was followed by engines; reciprocating piston engines, of a kind used for the propulsion of vehicles of chapter 87, of a cylinder capacity exceeding 50cc but not exceeding 250cc, with a 0.5% share.

U.S. Motor Vehicle Engine Imports by Country

Mexico (124K units), Canada (77K units) and South Korea (30K units) were the main suppliers of motor vehicle engine imports to the United States, with a combined 70% share of total imports. These countries were followed by Germany, Japan, Austria, China, Italy and the UK, which together accounted for a further 25%.

From April 2022 to April 2023, the biggest increases were in China (with a CAGR of +4.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($292M), Canada ($234M) and Germany ($136M) constituted the largest motor vehicle engine suppliers to the United States, together comprising 76% of total imports. South Korea, Austria, Japan, Italy, the UK and China lagged somewhat behind, together comprising a further 21%.

China, with a CAGR of +6.1%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the motor vehicle engine market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 29101100 - Spark-ignition reciprocating internal combustion piston engines, for the vehicles of HS .87 (excluding motorcycles), of a cylinder capacity . 1 .000 cm.
  • Prodcom 29101200 - Spark-ignition reciprocating internal combustion piston engines, for the vehicles of HS .87 (excluding motorcycles), of a cylinder capacity > 1 .000 cm.

Country coverage:

  • United States

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in the U.S.
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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