January 13, 2020
— Global Automotive Engine Encapsulation Market was valued at US$ 4.3Bn 2017 and is expected to reach US$ 7.61Bn by 2026, at a CAGR of 7.41% during a forecast period.
An automotive engine encapsulation insulates the engine from the external environment and maintains heat in the engine even when it is turned off. This slows down the engine cooling rate and subsequently, provides initial heat during starting the engine.
Global Automotive Engine Encapsulation Market
Major driving factors of the Automotive Engine Encapsulation Market are the rapid growth in the sales of fuel-efficient and aerodynamically efficient vehicles is fostering the market growth, creating opportunities for the manufacturers of the engine encapsulation market. Government regulation that promote the energy efficient components is a key driving force behind the upsurge the global automotive engine encapsulation industry. Resultantly, engine encapsulation has secured its place near the heart of every vehicle, called engine. The rapid climb within the sales of fuel-efficient and aerodynamically economical vehicles is predicted to make opportunities for the makers of the engine encapsulation market. The high price of engine encapsulation and changing technology will act as restraints to the market.
Based on the Material, Carbon fiber segment is expected to hold the largest share in the market during the forecast period. Carbon fiber are finding their way into new applications as industries demand materials with ever-higher strength-to-weight ratios, corrosion resistance, and workability. Carbon fiber applications are present in high-value sectors such as sporting goods, the aerospace industry and supercars, but priced out of most large-volume markets, particularly the mainstream automotive industries. While metal and metal alloys are still critical to automotive design, automakers are finding innovative ways to leverage carbon fiber into their designs to help reduce vehicle weight and improve efficiency.
In terms of region, Asia Pacific is expected to hold the largest share in the market during the forecast period. Fast GDP growth and the highly aspirational Asian consumers have been the two main growth drivers for most of the emerging markets: China, India, Malaysia and other developing markets in Southeast Asia. In China for example, a rising middle class will continue driving the steady growth of the Chinese auto market, with the markets for new purchases and replacement of vehicles growing rapidly. Asia is taking an increasing share of global vehicle sales and is the only major market expected to see continued strong growth in both the medium and long term.
The report includes a detailed study of Porter’s Five Forces model to analyze the different factors affecting the growth of the market. Moreover, the study also covers a market attractiveness analysis, brand portfolio expansion, mergers, collaborations, joint ventures, acquisitions, PESTLE analysis, Value Chain Analysis, and SWOT analysis.
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Scope of the Report for Automotive Engine Encapsulation Market
Global Automotive Engine Encapsulation Market, By Type
Global Automotive Engine Encapsulation Market, By Material
Global Automotive Engine Encapsulation Market, By Fuel
Global Automotive Engine Encapsulation Market, By Sales Application
Light Commercial Vehicle
Heavy Commercial Vehicle
Global Automotive Engine Encapsulation Market, by Region
Middle East & Africa
Key Players Operating in Automotive Engine Encapsulation Market
Greiner Foam International
Furukawa Electric Co., Ltd.
Woco Industrietechnik GmbH
Adler Pelzer Holding GmbH
This Report Is Submitted By : Maximize Market Research Company
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