Automotive Engine Encapsulation Market Analysis, Industry Outlook, Regional Growth and Forecast 2027
Global automotive engine encapsulation market is anticipated to depict a CAGR of 4% through 2027, having recorded a valuation of USD billion in 2020. By 2027, the market is expected to hit a remuneration of USD 8 billion.
The automotive engine encapsulation market is projected to be driven by the need for efficient thermal insulation solutions for engine bay by automakers. Integration of such thermal solutions can help reduce carbon emissions, noise, and enhance vehicle fuel efficiency. Car manufacturers are extensively focusing on improving their engine design, which is inciting the need for more efficient & higher temperature insulation materials that provide better heat protection, and can lower vibration.
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Manufacturers and suppliers operating in the automotive engine encapsulation market are making efforts to improve their offerings by utilizing materials that have high specific thermal conductivity, heat capacity, and reflectivity & emissivity. Firms are capitalizing on growing their production capacity. For instance, in 2018, Dana Limited opened its new manufacturing facility in China. This innovative manufacturing facility was developed to produce thermal management solutions for new energy & conventional vehicles.
Engine mounted encapsulation exhibits higher efficiency and lower cost as it is closer to the heat and noise source and only requires the need to insulate a smaller surface area. On the other hand, aftermarket engine encapsulation market is estimated to grow at a decent rate during the estimated timeframe. These engine encapsulation can help lower up to 40% - 60% of vibration, noise, and radiant heat generated from vehicle engine. The need to better reduce vibration, heat, and noise generated from the vehicle could make aftermarket engine encapsulation an ideal solution. Growth of the aftermarket segment also depends on customer preference towards solutions that offer lower cost and are of higher quality.
However, the COVID-19 pandemic has impacted the automotive engine encapsulation market severely. Due to severe lockdowns and restrictions imposed by governments globally, automotive production has adversely been affected. With this, overall sales of the automotive engine encapsulation could likely be impacted in the year 2021.
The Europe automotive engine encapsulation market may record up to 3.5% CAGR over the estimated timeframe of 2021 to 2027. Countries like Spain, Russia, and Germany have some of the world’s leading automakers that house large scale automotive production facilities.
APAC is estimated to be a major contributor to this growth owing to presence of large automotive production facilities across countries like India, Japan, and China. Meanwhile, the automotive engine encapsulation market of Europe is expected to witness lucrative growth on the back of stringent regulations rolled out to reduce carbon emissions.
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Some Point from Table of Contents:
Chapter 5 Automotive Engine Encapsulation Market, By Vehicle
5.1 Automotive engine encapsulation industry insights, by vehicle
5.2 Passenger Cars
5.2.1 Global market estimates and forecasts, 2017 - 2027
5.2.2 Market estimates and forecast, by region, 2017 - 2027
5.3 Commercial Vehicle
5.3.1 Global market estimates and forecasts, 2017 - 2027
5.3.2 Market estimates and forecast, by region, 2017 - 2027
Chapter 6 Automotive Engine Encapsulation Market, By Material
6.1 Automotive engine encapsulation industry insights, by material
6.2 Polypropylene
6.2.1 Global market estimates and forecasts, 2017 - 2027
6.2.2 Market estimates and forecast, by region, 2017 - 2027
6.3 Polyurethane
6.3.1 Global market estimates and forecasts, 2017 - 2027
6.3.2 Market estimates and forecast, by region, 2017 – 2027
6.4 Carbon fiber
6.4.1 Global market estimates and forecasts, 2017 - 2027
6.4.2 Market estimates and forecast, by region, 2017 – 2027
6.5 Others
6.5.1 Global market estimates and forecasts, 2017 - 2027
6.5.2 Market estimates and forecast, by region, 2017 - 2027
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