Automotive Engine Encapsulation Market to Surpass Valuation of USD 9 Billion by 2031 | SkyQuest Technology
Westford, USA, Dec. 09, 2024 (GLOBE NEWSWIRE) — SkyQuest projects that the global automotive engine encapsulation market size will reach a value of USD 9 Billion by 2031, with a CAGR of 6.13% during the forecast period (2024-2031). In the global market, automotive engine encapsulation is becoming increasingly popular due to the rising demand for automobiles that are quiet, high-performing, and fuel-efficient. In 2023, the United States was a major contributor to the global automotive engine encapsulation market growth. The increasing customer awareness regarding the need and advantages of engine encapsulation is an intermediate factor aiding in the growth of the market. In addition, customers are becoming more conscious of the petrol prices and the need for fuel-efficient vehicles.
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Browse in-depth TOC on the ” Automotive Engine Encapsulation Market”
- Pages – 223
- Tables – 62
- Figures – 75
Automotive Engine Encapsulation Market Overview:
| Report Coverage | Details |
| Market Revenue in 2023 | USD 5.59 Billion |
| Estimated Value by 2031 | USD 9 Billion |
| Growth Rate | Poised to grow at a CAGR of 6.13% |
| Forecast Period | 2024–2031 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Product, Vehicle Class, Fuel Type, Material, and Region |
| Geographies Covered | North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa |
| Report Highlights | Integration of electric vehicle with conventional technologies |
| Key Market Opportunities | Lightweight and sustainable materials |
| Key Market Drivers | Growing demand for fuel efficiency |
Engine Mounted Product to Hold Significant Growth due to Ability to Enhance Engine Efficiency
The dominance of engine-mounted products in the global automotive engine encapsulation market is primarily driven by their ability to enhance engine efficiency and reduce noise levels. This is what compelled the manufacturers to incorporate improved encapsulation technologies that enhance heat control and efficiency of the engine in view of the tight emission norms and increasing desire of consumers towards less noisy automobiles.
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Light-Duty Vehicles to Lead Market due to Widespread Use for Personal and Commercial Transport
The dominance of light-duty vehicles in the global automotive engine encapsulation market is fueled by their widespread use for personal and commercial transport, resulting in high demand for enhanced fuel efficiency and reduced emissions. As a result, engine encapsulation solutions are more frequently seen by manufacturers to conform to the set regulations and provide positive global automotive engine encapsulation market outlook, with the green and affordable vehicles they desire.
Asia-Pacific to Dominate Market due to Rapid Industrialization and a Booming Automotive Sector
Asia-Pacific’s dominance in the global automotive engine encapsulation industry is driven by rapid industrialization and a booming automotive sector, particularly in countries like China and India. This annual production boom is sharpening the resolutions on the vehicle emissions and it’s causing the automotive sector to implement advanced encapsulation systems to improve the operation of the engine and because environmental standards are being taken seriously.
Automotive Engine Encapsulation Market Insight
Drivers:
- Demand for Engine Encapsulation Technologies
- Innovations in Materials and Manufacturing Processes
- Increasing Consumer Demand for Quieter Vehicles
Restraints:
- Economic Downturns Leading to Reduced Vehicle Production
- Competing Technologies that Provide Similar Benefits
- Difficulty in Integrating Encapsulation Solutions
Prominent Players in Automotive Engine Encapsulation Market
The following are the Top Automotive Engine Encapsulation Companies
- Continental AG (Germany)
- Robert Bosch GmbH (Germany)
- Denso Corporation (Japan)
- Mahle GmbH (Germany)
- BorgWarner Inc. (US)
- Valeo SA (France)
- Tenneco Inc. (US)
- DuPont de Nemours, Inc. (US)
- Dana Incorporated (US)
- BASF SE (Germany)
Key Questions Answered in Global Automotive Engine Encapsulation Market Report
- What is the projected global automotive engine encapsulation market size by 2031?
- Which region accounted for the highest share in the global automotive engine encapsulation market in 2023?
- What are two key factors driving the demand for market?
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This report provides the following insights:
- Analysis of key drivers (Growing awareness of environmental issues, fuel efficiency pushes adoption of encapsulation solutions, encapsulation solutions tailored to different vehicle models), restraints (Materials needed for engine encapsulation, changing end user preferences), opportunities (Increasing focus on sustainable material, growth in the aftermarket for vehicle enhancements).
- Market Penetration: Comprehensive information on the product portfolios offered by the top players in the automotive engine encapsulation market.
- Product Development/Innovation: Detailed insights on the upcoming trends, R&D activities, and product launches in the automotive engine encapsulation market.
- Market Development: Comprehensive information on lucrative emerging regions
- Market Diversification: Exhaustive information about new products, growing geographies, and recent developments in the market
- Competitive Assessment: In-depth assessment of market segments, growth strategies, revenue analysis, and products of the leading market players.
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