Crate Engines Market Size, Share, Growth Report 2032

Industry Prospective:

The global crate engines market size was worth around USD 23.5 billion in 2022 and is predicted to grow to around USD 36.2 billion by 2030 with a compound annual growth rate (CAGR) of roughly 5.5% between 2023 and 2030. The report analyzes the global crate engines market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the crate engines industry.     

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Crate Engines Market: Overview

A crate engine is a fully assembled and ready-to-install engine that is typically purchased separately from a vehicle. It is known as a "crate" engine because it is often shipped in a wooden crate or box. Crate engines are popular among automotive enthusiasts, performance builders, and individuals looking to replace a worn-out or underpowered engine in their vehicle. Crate engines are designed to offer a convenient and reliable option for engine replacements, performance upgrades, or custom projects. They are usually available in a range of configurations, including different displacements, power outputs, and compatibility with specific vehicle makes and models. Crate engines can be purchased from various manufacturers, specialty shops, and automotive retailers. Crate engines are popular in the automotive aftermarket because they offer a convenient solution for enthusiasts looking to increase the performance of their vehicles. Whether it's for a classic car restoration, a muscle car upgrade, or a custom-built project, crate engines provide a reliable and relatively straightforward option for achieving increased horsepower and torque.

Key Insights

• As per the analysis shared by our research analyst, the global crate engines market is estimated to grow annually at a CAGR of around 5.5% over the forecast period (2023-2030).
• In terms of revenue, the global crate engine market size was valued at around USD 23.5 billion in 2022 and is projected to reach USD 36.2 billion, by 2030.
• 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.
• Based on the fuel type, the gasoline segment is expected to grow at the highest CAGR during the forecast period.
• Based on region, Europe is expected to dominate the market over the forecast period.

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Crate Engines Market: Growth Drivers

Performance enhancement drives the market growth

One of the primary reasons people opt for crate engines is to enhance the performance of their vehicles. Crate engines offer higher horsepower and torque outputs compared to stock engines, providing a significant boost in acceleration, top speed, and overall driving experience. Enthusiasts who are passionate about performance and want to upgrade their vehicles turn to crate engines as a reliable and convenient solution.

Customization and personalization propel the market expansion

Crate engines allow car builders and enthusiasts to customize their vehicles according to their preferences. With a wide range of crate engine options available, individuals can choose engines with specific displacements, power outputs, and compatibility with their vehicle make and model. This customization aspect appeals to those who want a unique and personalized driving experience, tailored to their specific requirements and performance goals. Therefore, the customization and personalization of crate engines are expected to drive the crate engine market growth during the forecast period.

Crate Engines Market: Restraints

The high cost of crate engines limits the market growth                                                     

Crate engines can be relatively expensive compared to rebuilding or repairing an existing engine. The cost of a crate engine includes not only the engine itself but also additional components and potential installation fees. This higher upfront cost may deter some individuals who are looking for more cost-effective solutions or have budget constraints.

Crate Engines Market: Opportunities

The growing automobile sector provides a significant opportunity

The growing automotive sector is expected to offer a lucrative opportunity for crate engine market growth during the forecast period. For instance, as per European Commission, the automobile sector is critical to the prosperity of Europe. The automobile industry employs 13.8 million Europeans directly and indirectly, accounting for 6.1% of total EU employment. Direct production of motor vehicles employs 2.6 million people, accounting for 8.5% of manufacturing employment in the EU. The EU is one of the world's leading automakers, and the automotive industry is the greatest private investment in research and development (R&D). The European Commission promotes worldwide technology harmonization and R&D financing to boost the competitiveness of the EU automobile sector and maintain its global technological leadership. Thereby, driving the growth of the crate engine industry.

Crate Engines Market: Challenges

Emission and compliance pose a major challenge

Depending on the region and local regulations, installing a crate engine may pose challenges related to emissions compliance. Crate engines may not always meet the emission standards or requirements set by local authorities. Ensuring that the crate engine is compliant with emissions regulations and obtaining necessary approvals or certifications can be a restraint for some individuals.

Crate Engines Market: Segmentation

The global crate engines industry is segmented based on fuel type, engine type, capacity type, and region.

Based on the fuel type, the global market is bifurcated into gasoline and diesel. The gasoline segment is expected to grow at the highest CAGR during the forecast period. Gasoline crate engines are popular among enthusiasts looking to enhance the performance of their vehicles. These engines offer increased horsepower, torque, and overall power output compared to stock engines. The gasoline segment of crate engines is particularly attractive to individuals seeking improved acceleration, top speed, and overall driving experience. Moreover, gasoline crate engines provide a high level of customization and versatility. They are available in various displacements, power outputs, and configurations to suit different performance goals and vehicle applications. Enthusiasts can choose crate engines with specific cylinder counts (such as four-cylinder, six-cylinder, or eight-cylinder), forced induction (turbocharged or supercharged), and different fuel injection systems to meet their specific requirements. Thereby driving the segment growth over the forecast period.

Based on the engine type, the global crate engines industry is bifurcated into new engines, rebuilt engines, remanufactured engines, and used engines.

Based on the capacity type, the global crate engines market is segmented into 600-1000 CC, 1000-3000 CC, 3000-5000 CC, and >5000 CC.

Recent Developments:

• In December 2022, Chevrolet Performance offered the naturally aspirated 6.6L V8 L8T as a new crate engine. The naturally aspirated 6.6L V8 L8T is the same engine found in gasoline-powered models of the Chevy Silverado HD and GMC Sierra HD heavy-duty trucks, and it is currently Chevrolet Performance's largest-displacement LT-family engine. Peak output is stated at 401 horsepower at 5,200 rpm and 464 pound-feet of torque at 4,000 rpm, but the V8 also packs a lot of low-end torque. The maximum engine speed advised is 5,600 rpm.
• In November 2021, Ford revealed the all-electric F-100 Eluminator concept, a zero-tailpipe-emissions** demonstration truck powered by the all-new Ford Performance Parts Eluminator electric crate motor, which customers can now purchase online. The F-100 Eluminator concept, based on a vintage 1978 F-100 truck, offers all-wheel drive through two strong electric motors shared with the 2021 Mustang Mach-E GT Performance Edition. Two electric traction motors with 480 horsepower and 634 lb.-ft. of torque operate the front and back wheels. Eluminator, Ford Performance Parts' first e-crate motor, is based on the traction motor from the Mustang Mach-E GT.

Crate Engines Market: Report Scope

Crate Engines Market: Regional Analysis

Europe is expected to dominate the market over the forecast period

Europe is expected to dominate the global crate engine market during the forecast period. Several factors contribute to the popularity of crate engines in Europe. Firstly, Europe has a rich automotive culture, with a strong emphasis on performance and customization. Enthusiasts in countries like Germany, the United Kingdom, Italy, and France are particularly interested in upgrading their vehicles with high-performance engines. Additionally, Europe is home to several renowned automotive manufacturers and aftermarket companies that specialize in crate engines. These companies offer a wide range of crate engine options, including different displacements, power outputs, and compatibility with various vehicle makes and models. Some notable European manufacturers include companies like Cosworth, Mountune, and Hartley Engines.

The availability and accessibility of crate engines in Europe have also contributed to their crate engine industry growth. Many automotive retailers, specialty shops, and online platforms cater to the European market, offering a diverse selection of crate engines from both domestic and international manufacturers. This allows customers to easily find and purchase the right crate engine for their specific needs. Moreover, crate engines provide an attractive option for European car enthusiasts due to their convenience and quality. Crate engines are typically built by experienced engine builders or manufacturers who ensure high standards of assembly, testing, and quality control. This level of expertise gives buyers confidence in the performance and reliability of the crate engines they purchase. Thus, this is expected to drive the growth of the market over the forecast period.

Crate Engines Market: Competitive Analysis

The global crate engines market is dominated by players like:

• Ford Racing
• Chevrolet
• Blueprint Engines
• JEGS High Performance.
• EDELBROCK LLC.
• Jasper Engines & Transmissions
• Custom Crate Engines
• ATK High Performance Engines
• West Coast Engines
• HARLEY-DAVIDSON
• Yoshimura R&D of America Inc.
• American Honda Motor Co.Inc.
• Others.

The global crate engines market is segmented as follows:

By Fuel Type

• Gasoline
• Diesel

By Engine Type

• New Engines
• Rebuilt Engines
• Remanufactured Engines
• Used Engines

By Capacity Type

• 600-1000 CC
• 1000-3000 CC
• 3000-5000 CC
• >5000 CC

By Region

• 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 The Middle East & Africa