Porsche and Subaru are the leading players in the Market with approximately 50% market share combined. In addition, Porsche 911 is the leading product of the company with a boxer engine along with 718 Spyder and 718 Cayman with versions of 4 cylinders and 6 cylinders. Subaru Boxer was launched in 2015 as an upgraded version of the Subaru Light module. Moreover, Subaru WRX was launched in 2016 along with Subaru BRZ. Toyota is also the leading manufacturer of Boxer engines across the Europe, APAC and LATAM regions. Toyota 86 and Toyota Supra 2.0 are the leading product ranges for boxer engines for sports cars.
In addition, increasing demand for hybrid transmission systems and synchronize transmission are the key factors considered to drive the growth of the segment during the forecast period. Highly adaptive 5 and 6-speed drive units is the key factor expected to create opportunities for boxer engines across the globe.
According to OICA, Flat Boxer Engine Market is expected to dominate the automotive sector owing to increasing applications of the engine in sports cars and some of the passenger cars of Porsche, Toyota and Honda companies. Heavy integration among the manufacturers during the forecast period owing to the chain of products available in the market and flexible Flat Boxer Engine designs along with improving standards of manufacturing are the key factors considered to drive the growth of the market. According to Sales experts, sales are expected to reach approximately 50 million units worldwide during the forecast period owing to rising demand for boxer engines across the sports cars sector.
North America is the dominating region in the market owing to the well-established infrastructure of boxer engine manufacturing and the US is posing as the second-highest region in sales of the products. Moreover, increasing sports cars sector development in the US and Canada regions is the key supporting factor considered to drive the growth of the region. APAC market is expected to register a CAGR of approximately 4% owing to increasing investment of key players in the region in passenger car manufacturing and motorbikes products mass production owing to rising demand. Moreover, increasing investment of the government in electrical vehicle manufacturing owing to stringent environment protection regulations across the region is the key factor considered to hamper the regional growth. Japan is the dominating segment in the APAC region owing to the permeation of Toyota and Honda companies in the region who are also the prominent players in the boxer engine market. Europe regional market is expected to boost during the forecast period owing to increasing economic growth in the region. Germany and France are the dominating countries in the region expected to register a CAGR of approximately 10% during the forecast period owing to the mass manufacturing of sports cars and luxurious passenger cars in the region.
In a recent research report by Maximize Market Research, the Flat Boxer Engine Market is expected to surpass US $XX million by the year 2026, from US $XX million in 2019.
Despite a huge decline in the sales of Flat Boxer Engine during the initial phase of pandemic spread and lockdown restrictions all over the region, the market is observed to pick up a quick pace for registering a CAGR of almost more than 4%, during the tenure of 2020 – 2026. The report published by Maximize encompasses the market dynamics, which could affect the market growth of white goods in the region, the Value – Chain Analysis, and the PORTER’s analysis for the white goods market at a global level. The study is consolidated on the basis of four major segments and further into sub-segments, Engine Type (IC engine and EC engine), Cylinder (5 cylinders, 6 cylinders and synchronized), Vehicle Type (passenger cars and motorbikes) and By Injection System (IC engine and throttle body engine) to forecast the market value; Also includes the analysis of past market dynamics from 2016 – 2019, considering 2019 as the base year. Lastly, the market research report provides a regional comparison and a complete country-level analysis for the latest trends, along with the major key players- Subaru, Porsche AG, Honda Motor Corporation, BMW Motorrad, Toyota Motor Corporation
You can browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on the “Global Flat Boxer Engine Market.”
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