Enjoy complimentary customisation on priority with our Enterprise License!
The automotive engine encapsulation market size is estimated to grow at a CAGR of 6.72% between 2022 and 2027. The market size is forecast to increase by USD 2,428.14 million. The growth of the market depends on several factors such as increasing fuel efficiency and emission reduction, advancements in material technology and rising urbanization, and noise pollution.
This automotive engine encapsulation market report extensively covers market segmentation by product (body mounted and engine mounted), type (gasoline and diesel), and geography (APAC, Europe, North America, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
To learn more about this report, View the Report Sample
Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Increasing fuel efficiency and emission reduction is notably driving the market growth. Engine encapsulation supports engines to attain their optimal operating temperatures rapidly and maintain a stable temperature range. This leads to enhanced combustion efficiency, lowered friction, and lower fuel consumption, contributing to enhanced fuel efficiency. Engine encapsulation aids in streamlining the airflow around the engine bay, lowering drag and enhancing vehicle aerodynamics. This results in less resistance while driving, which can have a positive impact on the efficiency of fuel, especially at more elevated speeds.
In addition, optimal engine temperatures facilitated by encapsulation lead to more efficient combustion, which in turn lowers the production of harmful emissions such as nitrogen oxides (NOx) and particulate matter. This aligns with stringent emission standards and regulations. As customers increasingly prefer fuel efficiency and environmental considerations, automakers incorporate engine encapsulation to make vehicles that satisfy these preferences, which will fuel the growth of the market in focus during the forecast period.
Increasing consumer awareness of engine encapsulation benefits is an emerging trend shaping the market growth. Consumers are becoming more aware of the costs of fuel and the demand for efficient vehicles. Engine encapsulation's contribution to enhanced fuel efficiency coupled with cost-conscious consumers, constructing it an attractive feature. Growing environmental awareness, consumers are seeking vehicles with lowered emissions. Moreover, information about automotive technologies, including engine encapsulation, is readily available through media, online platforms, and automotive publications. In addition, automakers often boost engine encapsulation and its advantages as part of their marketing efforts.
As a result, consumer awareness increases and emphasizes the value of the feature. Therefore, the rising consumer awareness of engine encapsulation and its effectiveness is leading to improved demand for vehicles equipped with this technology. Automakers are responding by incorporating engine encapsulation across a wider range of models and making it a standard or optional feature, which, in turn, will facilitate the growth of the market during the forecast period.
The high cost of engine encapsulation is a significant challenge hindering market growth. Substantial research and developmental investments are needed to develop effective and efficient engine encapsulation solutions which includes testing different materials, designs, and manufacturing processes to achieve optimal results. In addition, the cost of high-quality, lightweight, and thermally efficient materials used for encapsulation can influence the overall cost of the vehicle. Sourcing specialized materials and components for engine encapsulation can lead to supply chain challenges, affecting cost, availability, and production timelines.
Moreover, due to the need for design modifications and potential disruptions in the production line, retrofitting existing vehicle models with engine encapsulation can be more expensive. Therefore, the high cost associated with engine encapsulation will hinder the growth of the market during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Automotive Engine Encapsulation Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
3M Co. - The company offers automotive engine encapsulation solutions that encase the entire part or chamber to protect the components inside.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The body mounted segment is estimated to witness significant growth during the forecast period. Generally, the engine is mounted to the chassis to equip structural integrity and support for the engine in vehicles. Body mounts are structured to absorb vibrations and shocks generated by the engine operation, preventing excessive vibration from being transferred to the vehicle body and cabin.
Get a glance at the market contribution of various segments View the PDF Sample
The body mounted segment was the largest segment and was valued at USD 2,701.54 million in 2017. Positioning encapsulation materials on the body panels could assist in managing heat generated by the engine which could lower heat transfer to the vehicle interior and external surfaces, contributing to enhanced overall thermal management. Also, engine noise escaping through the engine compartment could be reduced by encapsulating the body panels, resulting in a quieter exterior environment. Therefore, such factors lowered exterior noise reduction and better weight distribution will contribute to the growth of the body-mounted segment of the global automotive engine encapsulation market during the forecast period.
For more insights on the market share of various regions Download PDF Sample now!
APAC is estimated to contribute 49% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. In the APAC region, the growth of the automotive engine encapsulation market during the forecast period will be influenced by a variety of aspects such as environmental regulations, market demands, technological advancements, and economic considerations. Engine encapsulation, which involves enclosing the engine compartment with specialized materials, plays a major role in improving vehicle efficiency and performance, and environmental responsibility. Such factors will increase the market growth in this region during the forecast period.
However, there is a growing need for vehicles that align with modern urban requirements as APAC countries invest in infrastructure development, including road networks and transportation systems. Therefore, rapid urbanization and infrastructure development followed by technological advancements in the automotive segment, such as hybridization and green mobility, will drive the growth of the market during the forecast period.
During the COVID-19 pandemic in 2020, the automotive engine encapsulation market in the APAC region experienced a substantial decline in demand and revenue. The rising environmental concerns among consumers, coupled with the government's focus on reducing carbon emissions, are propelling the adoption of technologies that contribute to greener transportation solutions. Moreover, original equipment manufacturers (OEMs) in the region are integrating engine encapsulation as a standard feature in newer vehicle models to deliver competitive advantages and meet consumer expectations. Such factors will fuel the growth of the regional market in focus during the forecast period.
The automotive engine encapsulation market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
|
Automotive Engine Encapsulation Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
154 |
|
Base year |
2022 |
|
Historic period |
2017-2021 |
|
Forecast period |
2023-2027 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 6.72% |
|
Market growth 2023-2027 |
USD 2,428.14 million |
|
Market structure |
Fragmented |
|
YoY growth 2022-2023(%) |
5.74 |
|
Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
|
Performing market contribution |
APAC at 49% |
|
Key countries |
US, China, India, Germany, and UK |
|
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
|
Key companies profiled |
3M Co., Adler Pelzer Holding GmbH, Autoneum Holding Ltd., BASF SE, Carcoustics Shared Services GmbH, Continental AG, ElringKlinger AG, Evonik Industries AG, Furukawa Electric Co. Ltd., Hennecke GmbH, Rochling SE and Co. KG, SA Automotive Ltd., Trocellen GmbH, and Woco Industrietechnik GmbH |
|
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
|
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
Certified ISO 9001 : 2015
We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.
We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.
Get lifetime access to our
Technavio Insights
Customized Report as per your Business Needs
Let us help you make report more suited to your requirements.
Get the report (PDF) sent to your email within minutes.
