Report Description Table of Contents The crate engine market was worth USD 3 billion in 2023 and will be worth USD 4.85 billion by 2030, growing at a CAGR of 6.2% during the forecast period. The crate engine market is fueled by the increasing need for performance engines in the automotive aftermarket, particularly among performance enthusiasts and racers. Crate engines are heavily used solutions to build, upgrade, or replace engines in vehicles to deliver greater power and efficiency. For instance, there has been a spike in the orders for crate engines with high horsepower; the power ranges above 700 horsepower, suitable for drag racing and street performance uses. The latest addition to this market is electric crate engines, where companies like General Motors have released electric conversion kits for older cars. This trend is on the rise as many consumers continue to look for ways of achieving timeless car looks while at the same time having efficient green technology performance. The electric crate engine has many of its applications in automotive applications and as such, the market is likely to expand as automotive manufacturers switch their emphasis to electrical operations. The crate engine market also has huge potential because of the increased demand for electric vehicle conversions and other green automotive applications. Consequently, the global market for electric vehicles continues to experience an annual growth of more than 40% in 2023, hence the need for electric crate engines that convert old models to new electric drive trains. One of the best examples is General Motors’ eCrate engine, which can turn cars such as the Chevrolet Blazer into electric cars. This evolution is crowning the direction of moving toward eco-friendly customization where enthusiasts of automobiles can stick to the looks and lineage of heritage vehicles and still embrace technology that exalts the virtue of zero emissions. Due to the increased adoption of electric vehicles across the globe following the encouraging efforts by governments, the demand for crate engines is set to grow for manufacturers and vehicle owners who seek better performance through modification through the crate engines. Crate Engine Market Segmentation By Engine Type Gasoline Engines Diesel Engines Electric Crate Engines By Application Racing & Motorsports OEM (Original Equipment Manufacturer) Replacement Custom Cars Restoration Projects Off-road Vehicles By Displacement Less than 5.0L 5.1L to 6.0L 6.1L to 7.0L Above 7.0L By Horsepower Below 350 HP 351-500 HP 501-700 HP Above 700 HP By Region North America US Mexico Canada Rest of North America Europe Switzerland Russia France Germany U.K Finland Turkey Netherlands Belgium Spain Italy Rest of Europe Asia Pacific India China South Korea Japan Singapore Thailand Indonesia Malaysia Philippines Australia Rest of Asia-Pacific LAMEA Brazil Argentina Uruguay Saudi Arabia Rest of LAMEA Segment Analysis of the Crate Engine Market By Engine Type: Leading Segment: Gasoline Engines Gasoline engines dominate the crate engine market due to their widespread use in applications such as racing, custom cars & restoration projects. These engines offer a good balance of performance, fuel efficiency & ease of maintenance, making them the preferred choice for a variety of consumers. Major examples include the iconic small-block Chevrolet engines, which are highly sought after for custom builds & restoration projects. The demand for gasoline engines is expected to remain strong, particularly in markets like North America, where muscle car culture continues to thrive. Fastest-Growing Segment: Electric Crate Engines The electric crate engine segment is the fastest-growing in the market, driven by the increasing demand for electric vehicles (EVs) & the growing trend of electrifying classic cars and custom builds. Examples like the Crate Motor by eCrate, which provides electric powertrains for older vehicles, highlight the shift towards cleaner energy solutions. The rise in environmental awareness & government regulations pushing for lower emissions are key drivers of growth in this segment. As more companies develop electric crate engine solutions, the segment is expected to expand rapidly. By Application: Leading Segment: Racing & Motorsports Racing and motorsports are the leading application segments for crate engines. High-performance engines, particularly gasoline and some high-power diesel variants, are extensively used in racing cars, drag racing, and motorsport events. The demand for top-tier crate engines, like the LS-series engines from GM for motorsport builds, is significant in this sector. The continuous innovation & demand for superior performance in racing & motorsports ensure this segment remains dominant. Fastest-Growing Segment: Custom Cars Custom cars represent the fastest-growing application segment, driven by the increasing popularity of car customization. Consumers are opting for crate engines to enhance the performance & aesthetics of their vehicles. This segment has seen notable growth, especially with the rise in classic car restoration projects where consumers swap original engines for modern, more powerful crate engines. Popularity is also being driven by online retailers & customization garages offering crate engine packages tailored to specific needs. By Displacement: Leading Segment: 5.1L to 6.0L Engines in the 5.1L to 6.0L displacement range are the most commonly used in the crate engine market, particularly for performance-oriented vehicles like muscle cars & off-road vehicles. These engines provide a solid balance between power & fuel efficiency, making them suitable for a wide range of applications. A typical example includes the GM LS3 6.2L V8 engine, which is often used in both custom car builds & OEM replacements. Fastest-Growing Segment: Above 7.0L The segment above 7.0L is seeing rapid growth, driven by the increasing demand for high-performance engines in motorsports and high-end custom builds. Larger engines provide greater power & torque, which is essential for performance-focused vehicles, particularly in racing & off-road applications. The increasing trend toward extreme horsepower is pushing this segment to expand rapidly. Engines like the HEMI 426 V8, often used in drag racing & custom vehicles, are key examples of this growing segment. By Horsepower: Leading Segment: 351-500 HP Engines producing between 351-500 HP are the leading segment in the crate engine market. These engines are commonly used in a variety of applications, from custom cars to OEM replacements & off-road vehicles. They offer a sweet spot between affordability & performance, making them the go-to choice for performance enthusiasts. For instance, the 450-HP Chevrolet Performance 350 HO crate engine is a popular choice for muscle car restorations & custom builds. Fastest-Growing Segment: Above 700 HP The above 700 HP segment is the fastest-growing, driven by the increasing demand for extreme performance in motorsports & high-end custom builds. Consumers in niche markets are seeking crate engines that provide enormous horsepower, particularly for drag racing, high-performance street cars, and off-road trucks. Examples like the 1,000-HP engines offered by brands like Hennessey are leading the way in this segment, making it one of the most dynamic and rapidly expanding parts of the crate engine market. By Region: Leading Region: North America North America is the largest market for crate engines, with the United States leading the charge. The strong presence of the automotive industry, particularly in the custom car & motorsports sectors, drives the demand for crate engines. Iconic car culture, including muscle cars & off-road vehicles, ensures a steady demand for high-performance and custom-built engines. Companies like General Motors & Ford, with their aftermarket parts & crate engine offerings, dominate the market in this region. Fastest-Growing Region: Asia-Pacific Asia-Pacific is the fastest-growing region for the crate engine market, with a notable increase in demand driven by the expanding automotive aftermarket industry in countries like China, India & Japan. The growing interest in motorsports, custom car builds & higher-performance vehicles in this region is fueling this growth. Moreover, as economies in Asia-Pacific develop & consumers seek more customized automotive solutions, the crate engine market is expected to see significant expansion in this region. The rising popularity of electric vehicles in Asia is also likely to contribute to the growing demand for electric crate engines. Crate Engine Market Key Players Ford Motor Company General Motors (Chevrolet Performance) Fiat Chrysler Automobiles (Mopar) Edelbrock, LLC Roush Performance Blueprint Engines ATK High Performance Engines Honda Performance Development JEGS High Performance Pace Performance Crate Engine Market Report Coverage Report Attribute Details Forecast Period 2023 – 2030 Market Size Value in 2023 USD 3 billion Revenue Forecast in 2030 USD 4.85 billion Overall Growth Rate CAGR of 6.2% Base Year for Estimation 2022 Historical Data 2017 – 2021 Unit USD Billion, CAGR (2023 - 2030) Segmentation By Engine Type, By Application, By Displacement, By Horsepower, By Region By Engine Type Gasoline Engines, Diesel Engines, Electric Crate Engines By Application Racing & Motorsports, OEM Replacement, Custom Cars, Restoration Projects, Off-road Vehicles By Displacement Less than 5.0L, 5.1L to 6.0L, 6.1L to 7.0L, Above 7.0L By Horsepower Below 350 HP, 351-500 HP, 501-700 HP, Above 700 HP By Region North America, Europe, Asia Pacific, LAMEA Country Scope US, Mexico, Canada, Germany, UK, France, China, Japan, India, etc. Pricing and Purchase Options Avail customized purchase options to meet your exact research needs. Frequently Asked Question About This Report How big is the Crate Engine Market? The Crate Engine Market was valued at USD 3 billion in 2023 and is projected to reach USD 4.85 billion by 2030, growing at a CAGR of 6.2% during the forecast period. What are the key factors driving the growth of the Crate Engine Market? The market growth is driven by the increasing demand for performance engines in the automotive aftermarket, particularly among performance enthusiasts and racers. Who are the Major Players in the Crate Engine Market? Key players include prominent automotive manufacturers and specialized engine builders offering a range of crate engines for various applications. Which region held the largest Crate Engine Market share? North America holds the largest market share, attributed to a strong automotive culture and a high demand for performance vehicles. Which application had the largest Crate Engine Market share? The racing & motorsports segment dominates the market, owing to the extensive use of crate engines to enhance vehicle performance in competitive events. . Table of Contents 1. CRATE ENGINE MARKET – PRODUCTION VOLUME BY REGION, (2024 – 2030) 1.1. North America 1.2. Europe 1.3. Asia Pacific 1.4. Latin America 1.5. Middle East & Africa 2. CRATE ENGINE MARKET – REVENUE ($MILLION), BY REGION, (2024 – 2030) 2.1. North America 2.2. Europe 2.3. Asia Pacific 2.4. Latin America 2.5. Middle East & Africa 3. MARKET SHARE ANALYSIS – CRATE ENGINE MARKET 3.1. Top 20 Players with Product Mix, Revenue, and Sales Volume 3.2. Market Share, 2023 3.3. Market By Engine Type of Crate engine and End Use Outlook Analysis 4. HISTORIC TRENDS IN CRATE ENGINE MARKET 5. EMERGING MARKET TRENDS 6. NORTH AMERICA CRATE ENGINE MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 6.1. North America Crate engine Historical Market ($MILLION), (2017 – 2023) 6.2. North America Crate engine Market ($MILLION) and Forecasts (2024 – 2030) 6.3. North America Crate engine Market Type ($MILLION), and Forecasts (2024 – 2030), By Engine Type 6.3.1. Gasoline Engines 6.3.2. Diesel Engines 6.3.3. Electric Crate Engines 6.4. North America Crate engine Market Type ($MILLION), and Forecasts (2024 – 2030), By Displacement 6.4.1. Less than 5.0L 6.4.2. 5.1L to 6.0L 6.4.3. 6.1L to 7.0L 6.4.4. Above 7.0L 6.5. North America Crate engine Market Type ($MILLION), and Forecasts (2024 – 2030), By Horsepower 6.5.1. Below 350 HP 6.5.2. 351-500 HP 6.5.3. 501-700 HP 6.5.4. Above 700 HP 6.6. North America Crate engine Market Type ($MILLION), and Forecasts (2024 – 2030), By Application 6.6.1. Racing & Motorsports 6.6.2. OEM (Original Equipment Manufacturer) Replacement 6.6.3. Custom Cars 6.6.4. Restoration Projects 6.6.5. Off-road Vehicles 6.7. North America Crate engine Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 6.7.1. USA 6.7.2. Canada 6.7.3. Rest of North America 7. USA CRATE ENGINE MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 8. EUROPE CRATE ENGINE MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 8.1. Europe Crate engine Historical Market ($MILLION), (2017 – 2023) 8.2. Europe Crate engine Market ($MILLION) and Forecasts (2024 – 2030) 8.3. Europe Crate engine Market Type ($MILLION), and Forecasts (2024 – 2030), By Engine Type 8.4. Europe Crate engine Market Type ($MILLION), and Forecasts (2024 – 2030), By Displacement 8.5. Europe Crate engine Market Type ($MILLION), and Forecasts (2024 – 2030), By Horsepower 8.6. Europe Crate engine Market Type ($MILLION), and Forecasts (2024 – 2030), By Application 8.7. Europe Crate engine Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 8.7.1. Germany 8.7.2. France 8.7.3. UK 8.7.4. Italy 8.7.5. Spain 8.7.6. Rest of Europe 9. APAC CRATE ENGINE MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 9.1. APAC Crate engine Historical Market ($MILLION), (2017 – 2023) 9.2. APAC Crate engine Market ($MILLION) and Forecasts (2024 – 2030) 9.3. APAC Crate engine Market Type ($MILLION), and Forecasts (2024 – 2030), By Engine Type 9.4. APAC Crate engine Market Type ($MILLION), and Forecasts (2024 – 2030), By Displacement 9.5. APAC Crate engine Market Type ($MILLION), and Forecasts (2024 – 2030), By Horsepower 9.6. APAC Crate engine Market Type ($MILLION), and Forecasts (2024 – 2030), By Application 9.7. APAC Crate engine Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 9.7.1. China 9.7.2. Japan 9.7.3. South Korea 9.7.4. India 9.7.5. Australia 9.7.6. Rest of APAC 10. LATIN AMERICA CRATE ENGINE MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 10.1. Latin America Crate engine Historical Market ($MILLION), (2017 – 2023) 10.2. Latin America Crate engine Market ($MILLION) and Forecasts (2024 – 2030) 10.3. Latin America Crate engine Market Type ($MILLION), and Forecasts (2024 – 2030), By Engine Type 10.4. Latin America Crate engine Market Type ($MILLION), and Forecasts (2024 – 2030), By Displacement 10.5. Latin America Crate engine Market Type ($MILLION), and Forecasts (2024 – 2030), By Horsepower 10.6. Latin America Crate engine Market Type ($MILLION), and Forecasts (2024 – 2030), By Application 10.7. Latin America Crate engine Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 10.7.1. Brazil 10.7.2. Argentina 10.7.3. Rest of Latin America 11. COMPANY PROFILES: 11.1. FORD MOTOR COMPANY 11.1.1. Company Overview 11.1.2. Company Snapshot 11.1.3. Operating business segments 11.1.4. Product offered and Revenue 11.1.5. Production & Sales 11.2. General Motors (Chevrolet Performance) 11.3. Fiat Chrysler Automobiles (Mopar) 11.4. Edelbrock, LLC 11.5. Roush Performance 11.6. Blueprint Engines 11.7. ATK High Performance Engines 11.8. OTHER MARKET PLAYERS