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Increase in demand for silent and fuelefficient vehicles is expected to propel the market of automotive engine encapsulation in the coming years
The global automotive engine encapsulation market is estimated to be USD 4.16 billion in 2018 and is projected to reach USD 6.30 billion by 2025, growing at a CAGR of 6.13% from 2018 to 2025. The market growth is primarily driven by the increasing demand for silent and fuelefficient vehicles. However, the increasing demand for electric and hybrid vehicles can restrain the growth of engine encapsulation systems.
The body mounted encapsulation segment is estimated to be the largest segment of automotive engine encapsulation market, in terms of value, by 2025
Body mounted encapsulation is projected to be the largest segment of the automotive engine encapsulation market. This segment is estimated to have the highest growth potential in the automotive engine encapsulation market, especially in Europe, which has a high penetration of luxury lightduty vehicles. This vehicle segment is the primary application of body mounted encapsulations currently. Body mounted encapsulation system, which is made of highquality materials such as carbon fiber, has a higher price when compared to engine mounted encapsulations. In addition, they must be installed on all sides of the engine, which is not the case for engine mounted encapsulation systems. Also, body mounted encapsulation is considered as the upcoming technology in the automotive engine encapsulation market.
Carbon fiber is estimated to be the fastestgrowing segment of the automotive engine encapsulation market, in terms of value
Carbon fiber is a highquality material used for the manufacturing of automotive engine encapsulations. Carbon fiber possesses excellent sound absorbing and thermal insulating properties, which make it expensive. However, as the demand for luxury vehicles increases around the globe, especially in developing countries such as India and China, the demand for carbon fiber is set to increase.
Asia Pacific is estimated to be the fastest growing market for automotive engine encapsulation, in terms of volume
The Asia Pacific is estimated to be the fastest growing market for automotive engine encapsulation during the forecast period. The region is home to advanced automotive markets such as South Korea and Japan along with developing countries such as China and India. The growing demand for luxury lightduty vehicles due to infrastructural and agricultural developments is expected to drive the growth of automotive engine encapsulation market in the region.
The study contains insights provided by various industry experts, ranging from automotive engine encapsulation manufacturers to automobile OEMs and various automotive associations. The breakup of the primaries is as follows:
By Company Type: OEMs50%, Tier I20%, Tier II10%, and Tier III20%
By Designation: C Level10%, D Level40% and Others 50%
By Region: Asia Pacific70%, Europe20% and North America10%
Players profiled in the report are:
Furukawa Electric Japan
Adler Pelzer Germany
SA Automotive US
The report covers the automotive engine encapsulation market by material type Polypropylene, Polyurethane, Polyamide, Glasswool, Carbon Fiber, product type Engine Mounted and Body Mounted, fuel type Gasoline and Diesel, vehicle class Economic lightduty vehicles, Midpriced lightduty vehicles, and Luxury lightduty vehicles and region Asia Pacific, Europe, North America, and Rest of the World.
Reasons to Buy the Report:
The report provides insights into the following points:
Market Penetration: The report provides comprehensive information on engine encapsulations offered by the top players in the industry for the automotive market.
Product Development/Innovation: The report provides detailed insights into upcoming technologies, RD activities, and new product launches in the automotive engine encapsulation market.
Market Development: The report offers comprehensive information about engine encapsulation market for automotive. The report analyzes the market for automotive engine encapsulation across regions and provides comprehensive information about lucrative emerging markets.
Market Diversification: The report provides exhaustive information about emerging trends, market dynamics, and investments in the global engine encapsulation market for automotive.
Original Article: Automotive Engine Encapsulation Market by Product Type Engine Mounted, Body Mounted, Material Type, Vehicle Class Economic, MidPriced, Luxury, Fuel Type and Region Asia Pacific, Europe, North America, Rest of The World Global Forecast to 2025 [Report UpdNEXT ARTICLE