The global engine market in 2024 continues to be driven by demand from various industries, including automotive, aviation, and energy. Engines are crucial components in vehicles, aircraft, and heavy machinery, with technological advancements pushing demand for more efficient, high-performance models. With a total trade value of over $122.5 billion, the engine market remains robust, with numerous global players dominating the import landscape. In this article, Tendata explore the top 10 global engine buyers and provide insights into the major trends influencing the market. Also, whether you are looking for information on countries that import engines, global engine importers, or top destinations for engine imports, please contact us through Tendata for better import data.

Global Engine Market Overview

In 2024, the global engine trade reached a staggering $122.53 billion, with 355,501 importers involved in more than 8.86 million transactions. The total weight of engines traded globally was 54.05 million metric tons, underlining the importance of this market in the global economy. The market spans a wide range of engine types, from automotive engines and aircraft engines to heavy machinery and marine engines.

The leading players in the engine import market are diverse, with significant activity in both developed and emerging economies. Key industries driving demand include the automotive, aviation, and energy sectors. Let's take a look at the top 10 global engine buyers and their respective contributions to the market.

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Top 10 Global Engine Buyers in 2024

1. Volkswagen – 3.31%, $4,060.1 Million

Volkswagen remains the largest engine buyer in 2024, importing engines worth $4,060.1 million. The company, a global leader in the automotive industry, imports a wide range of engine types for its various brands, including Volkswagen, Audi, Porsche, and Lamborghini. As electric vehicles (EVs) continue to gain traction, Volkswagen also invests in electric propulsion systems, further diversifying its engine-related imports.

2. InterGlobe Aviation Ltd – 2.76%, $3,380.5 Million

InterGlobe Aviation Ltd, the parent company of IndiGo, India's largest low-cost airline, is a major importer of aircraft engines, particularly turbojets and jet engines. With $3,380.5 million in imports, InterGlobe Aviation plays a pivotal role in the aviation sector, focusing on enhancing its fleet with high-performance engines to support its rapid growth.

3. Stellantis Mexico – 2.5%, $3,061.06 Million

Stellantis, formed by the merger of Fiat Chrysler Automobiles and PSA Group, has a strong presence in Mexico. Stellantis Mexico imports $3,061.06 million worth of engines, primarily for its automotive manufacturing operations. The company produces a wide variety of vehicles, from compact cars to SUVs and trucks, necessitating a diverse range of engine types.

4. Ford Motor – 2.38%, $2,920.83 Million

Ford Motor, one of the world's largest automakers, imports $2,920.83 million worth of engines in 2024. The company continues to expand its portfolio of gasoline and electric engines, with a focus on improving fuel efficiency and reducing emissions. Ford's global operations rely heavily on engine imports for manufacturing vehicles in North America, Europe, and Asia.

5. M S Pakistan State Oil Company Ltd – 1.63%, $1,994.77 Million

Pakistan State Oil Company Ltd (PSO) is a key importer of engines for the energy and transportation sectors in Pakistan. With $1,994.77 million in imports, PSO supplies engines for both industrial and automotive applications. The company's engine imports are essential for powering energy generation and providing fuel for transportation infrastructure.

6. ТОО СарыаркаАвтопром (SaryarkaAvtoProm) – 1.4%, $1,711.06 Million

SaryarkaAvtoProm, based in Kazakhstan, imports $1,711.06 million worth of automotive engines. The company manufactures vehicles for both the domestic and international markets, with a focus on SUVs, cars, and commercial vehicles. As demand for locally produced vehicles grows in Central Asia, SaryarkaAvtoProm continues to expand its engine imports to meet production needs.

7. Suzuki Motor – 1.01%, $1,238.75 Million

Suzuki Motor imports $1,238.75 million worth of engines in 2024. The Japanese automaker relies heavily on engine imports for its small car and motorcycle production, with a strong presence in emerging markets like India, Southeast Asia, and Latin America. Suzuki's engine imports cater to a wide range of fuel-efficient and compact vehicle models.

8. SAIC International Mexico – 0.96%, $1,173.08 Million

SAIC International Mexico, a subsidiary of SAIC Motor Corporation (China's largest automaker), imports $1,173.08 million worth of engines. SAIC's operations in Mexico focus on manufacturing vehicles for the North American market, including both gasoline-powered and electric vehicles. The company's engine imports play a key role in meeting the demand for affordable vehicles in the region.

9. Petrol Ofisi Anonim Şirketi – 0.96%, $1,172.23 Million

Petrol Ofisi, a leading energy company in Turkey, imports engines for industrial and commercial applications. With $1,172.23 million in engine imports, Petrol Ofisi supplies engines for energy production, transportation, and machinery used in various sectors. The company's engine imports are vital for fueling Turkey's industrial growth.

9. Concesionaria Vuela Compania de Aviacion – 0.93%, $1,142.71 Million

Concesionaria Vuela Compania de Aviacion, operating under the brand Volaris, is a major Mexican airline that imports engines worth $1,142.71 million in 2024. The company focuses on expanding its fleet of aircraft, primarily using jet engines for its low-cost carrier operations. Volaris' engine imports support the airline's ambitious expansion plans, ensuring operational efficiency and sustainability.

We have mentioned the top 10 global engine buyers above. Apart from these key players, many other companies are also active in the engine import market, contributing to the global supply chain. To get the complete list of engine importers across the globe, explore our data at Tendata.

What are the top global imports in 2024 in the engine broad category? Tendata shows you the top 10 popular imports ranked by HS code:

1.HS Code：27101210(4.9%, $6 Billion)：Motor/aviation gasoline, without biodiesel (excl. containing ethanol)

2.HS Code：84111200(4.59%, $5.63 Billion)：Turbojets of a thrust exceeding 25 kN.

3.HS Code：87032299(4.32%, $5.3 Billion)：Motor cars and other motor vehicles principally designed for the transport of persons, incl. station wagons and racing cars, with spark-ignition internal combustion reciprocating piston engine of a cylinder capacity > 1.000 cm but <= 1.500 cm (excluding

4.HS Code：87032399(4.11%, $5.03 Billion)：Motor cars and other motor vehicles principally designed for the transport of persons, incl. station wagons and racing cars, with spark-ignition internal combustion reciprocating piston engine of a cylinder capacity > 1.500 cm but <= 3.000 cm (excluding

5.HS Code：87043199(1.81%, $2.22 Billion)：Vehicles Other: Trucks with spark-ignition internal combustion reciprocating piston engines.

6.HS Code：84111201(1.51%, $1.85 Billion)：Aircraft engines (excl. turbojets, piston engines and rocket engines), n.e.s.

7.HS Code：87032199(1.05%, $1.28 Billion)：Motor cars and other motor vehicles principally designed for the transport of persons, incl. station wagons and racing cars, with spark-ignition internal combustion reciprocating piston engine of a cylinder capacity <= 1.000 cm (excluding vehicles for th

8.HS Code：88073000(1.03%, $1.27 Billion)：Parts of aeroplanes, helicopters or unmanned aircraft, n.e.s. (excl. those for gliders)

9.HS Code：87042199(0.89%, $1.1 Billion)：Other motor vehicles for the transportation of goods of a gross vehicle weight exceeding 5 tonnes

10.HS Code：85299099(0.89%, $1.03 Billion)：Parts identifiable as intended solely or principally for transmitters and receivers of radiotelephony, radiotelegraphy, radio broadcasting or television; parts of TV and radio apparatus e.g. of sound or image recording equipment.

Conclusion

The global engine import market in 2024 is being driven by key players across the automotive, aviation, and industrial sectors. Volkswagen, InterGlobe Aviation Ltd, and Stellantis are the top importers, ensuring a steady supply of engines for their diverse range of products. As the market continues to evolve, advancements in engine technologies and the shift toward electric propulsion are expected to shape the future of engine imports.

Tendata provides the most comprehensive solution for identifying global engine buyers and accessing detailed import data. By using our platform, you can easily find information on engine imports, including previous shipment values and HS codes.

For any inquiries about engine import data, importer details, or HS codes, feel free to contact Tendata. Our team of experts is here to assist you. Get a free live demo today!