China has stunned the entire world by showing an exponential growth in the automotive gasoline engine industry that is expected to soar through 2015 to 2017. Furthermore, to everyone’s surprise ‘MAHLE Group’, manufacturer of engine systems and components having operations in China won the fuel economy challenge at PACE for its lightweight piston used majorly for gasoline engine. Industry experts eyeing the emerging trends in the automotive gasoline engine segment in China predict that the growth rate of the aforesaid market by the end of 2017 would be held at nearly 9 percent, marked with an approximate sales volume growing to about 20 million units.
To top it all, the gasoline engine production in China by 2014 was accounted for 16.792 million units, a figure that soared by almost 18.2 percent from 2012 and observed a sales volume up to 16.619 automobile gasoline engine. Several historical data conclude that by the first quarter of the financial year in 2014 itself, the sales of the gasoline engine had grown significantly up to 4.252 million engines, a rise by 7 percent when compared to the sales figures of the previous year. All of these reveal how through previous four to five months the demand for automobile gasoline engine supporting models grew notably.
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Recently ‘Platts’ reported China’s optimism on demand for gasoline as the gas guzzlers shot to fame. In addition, a recent report added by Research Beam tilted “China Automotive Gasoline Engine Supporting Report, 2014-2017” unveils that the auto gasoline engine supporting models of Chinese automakers such as Shanghai Volkswagen Powertrain, Dongfeng Nissan Passenger Vehicle Company and FAW-Volkswagen among many others have observed several innovations since last five years.
The ‘Automotive News’ also revealed that turbo engines by Saab would power the Jeep Wrangler clone in China. Lastly, when it comes to support the automobile models of the engines, the manufacturing companies in China, irrespective of a joint venture or a national brand are now expanding the market for their self-efficient capability, by investing more and more funds into research and development.