Engine encapsulations made of insulation material are used as acoustic absorber in the engine compartment.
Market Analysis and Insights: Global Automotive Engine Encapsulation Market
Due to the COVID-19 pandemic, the global Automotive Engine Encapsulation market size is estimated to be worth US$ 4063.8 million in 2022 and is forecast to a readjusted size of US$ 5445.8 million by 2028 with a CAGR of 5.0% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Engine-mounted accounting for % of the Automotive Engine Encapsulation global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Economic Light-duty Vehicles segment is altered to an % CAGR throughout this forecast period.
The Asia Pacific region is estimated to dominate the automotive engine encapsulation market, by volume as well as value. The Asia Pacific region currently accounts for more than 50% of the global automobile production. The region comprises emerging economies such as China and India along with developed nations such as Japan and South Korea. The increase in disposable income in developing countries such as India and China and growing stringency of emission regulations are the key factors driving the market in the Asia Pacific region.
Global Automotive Engine Encapsulation Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Automotive Engine Encapsulation Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Engine-mounted
Body-mounted
Segment by Application
Economic Light-duty Vehicles
Mid-priced Light-duty Vehicles
Luxury Light-duty Vehicles
By Company
Autoneum
Continental
RoEchling
Elringklinger
Greiner Group
Furukawa Electric
Woco Industrietechnik
Adler Pelzer
SA Automotive
Hennecke
3M Deutschland
Saint-Gobain Isover
Polytec Holding
Carcoustics Shared Services
Uniproducts (India)
UGN
Production by Region
North America
Europe
China
Japan
South Korea
India
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina