Automotive Engine Encapsulation Market To Reach USD 7.5 Billion In 2027 | CAGR 6.5% - Forencis Research

Automotive Engine Encapsulation Market Size, Share, Trends, Growth, Analysis, Research

Global Automotive Engine Encapsulation Market: Key Highlights

  • According to the new market research report “Automotive Engine Encapsulation Market” by Material (Glass wool, Carbon Fiber, Polypropylene, Polyurethane, and Others) by Components (Engine-Mounted and Body-Mounted) by Fuel Type (Diesel and Gasoline) by Vehicle-Category (Economy, Mid-Priced, Luxury) by Region (North America, Europe, Asia Pacific, Middle East & Africa, and South America) – Global Forecast from 2019 To 2027”, the global automotive engine encapsulation market is estimated to reach USD 7.5 Billion in 2027 at a CAGR of 6.5% during forecast period 2019-2027.
  • Increasing CO2 emission and noise pollution is expected to boost the demand for automotive engine encapsulation market during the forecast period
  • However, the growing demand for electric vehicles is expected to hamper the market growth during the forecast period.

Global Automotive Engine Encapsulation Market: Key Market Dynamics

  • Increasing CO2 emission and noise pollution is expected to increase the demand for the automotive engine encapsulation market during the forecast period
  • Due to, growing concerns related to fuel-efficiency results in increasing demand for the automotive engine encapsulation
  • The increasing demand for electric vehicles globally is expected to restrain the growth of the global automotive engine encapsulation market
  • Lack of research and development (R&D) towards low-cost material is likely to act as a challenge for market growth

 

Global Automotive Engine Encapsulation Market: Regional Overview

  • Asia-Pacific

The Asia-Pacific region is projected to be the largest contributor to the automotive engine encapsulation market. This highest growth of this region can be attributed to the growing automotive sector. The growth in the automotive sector in the region is mainly owing to the increasing demand for luxury vehicles which is equipped with engine encapsulation systems that help in thermal management and acoustic in the vehicle. This demand for luxurious vehicles in this region is expected to drive engine encapsulation the market during the forecast period. Among the Asia Pacific, China is one of the prominent destinations for the automotive market, which is projected to drive the automotive engine encapsulation market growth.

  • Europe           

The automotive sector plays a vital role in boosting the European economy. The growing automotive sector in the region is the prominent factor pushing the overall economy. In Europe, 19.2 million vehicles are manufactured every year as per the data shared by the European Automobile Manufacturers Association (ACEA). The rising demand for vehicle production and the high penetration of luxury light-duty vehicles in Europe has boosted the automotive engine encapsulation market.

                                                                                                                                            

Global Automotive Engine Encapsulation Market: Key Players Overview

  • Autoneum:

Autoneum is a Swiss-based company engaged in supplying of automotive components. The company offers solutions in heat management and noise reduction to increase vehicle comfort. Autoneum uses Theta-FiberCell technology to develop engine encapsulation which is lightweight fiber-foam-material associated with high-temperature stability up to 200°C and its directly mounted to the engine or vehicle.

 

  • Continental AG:

Continental AG is a German-based company. The company is specialized in manufacturing automotive safety, chassis and powertrain components, interior electronics, brake systems, tires, tachographs, and other parts for the automotive and transportation industries. Continental AG develops engine encapsulation which can pass assessments of thermally-critically operating.

 

 

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Rep Id : AT 042

Published : 2020-02-04