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. 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 North America holds the largest share of the crate engine market because people there are passionate about automobiles, and cars are an essential part of their culture. The U.S. is the main market where enthusiasts spend billions a year on automotive aftermarket parts, including crate engines. For instance, Ford and Chevrolet have developed superior-performing crate engines that crank out more than 500 horsepower to meet a continuously rising demand for personalized and modified vehicles. The somewhat new trend is the electrification of crate engines where there is a preference for electric cars, especially in California. The eCrate system that Chevrolet recently introduced as an electric powertrain option for classic cars showcases the region’s strength in conventional and electric crate engines. This trend explains the established dominance of the North American market driven by performance and sustainability trends. 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 Frequently Asked Question About This Report . 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