In every automotive component market including the engine parts and engine assembly market, it is important for both the Producing and Buying side of the market to keep up with the trends and changes taking place within the particular market. All these trends relate to the production of cheaper and more efficient parts which goes hand in hand with the transition towards electric cars, which orderly transforms the traditional engine components. Aside from that, the progress in material science made it possible to fabricate advanced engine components with superior characteristics in terms of reliability and operational efficiency. Such trends will help companies to make their product line well-proportioned with the demand of the market making them competitive in the global economy.