Automotive Engine Encapsulation Market Study 2027 | Business Opportunities and Future Investments
Automotive Engine Encapsulation Market is poised to grow at more than 4.5% CAGR through 2027. The automotive engine encapsulation industry 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 global automotive engine encapsulation industry is highly consolidated and boasts the presence of prominent industry leaders, who have been going nine yards for developing novel products and solutions in the business space.
The Europe automotive engine encapsulation market may record up to 3.5% CAGR by 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 industry of Europe is expected to witness lucrative growth on the back of stringent regulations rolled out to reduce carbon emissions.
For instance, Shanghai Feili and Hefei Kaijie, two of the prominent auto component producers had in 2019, introduced BASF’s Elastofoam polyurethane integral foam for use in engine covers, in a bid to enhance the cabin comfort to some of the newly produced vehicles in China. According to news reports, Elastofoam PU offers superior control to noise, vibration, and harshness which stands out to be an ideal solution for cars allowing the riders to leverage benefits of better experience inside the vehicle’s cabin.
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Some Point from Table of Contents:
Chapter 4 Automotive Engine Encapsulation Market, By Product
4.1 Automotive engine encapsulation industry insights, by product
4.2 Body Mounted
4.2.1 Global market estimates and forecasts, 2017 - 2027
4.2.2 Market estimates and forecast, by region, 2017 - 2027
4.3 Engine Mounted
4.3.1 Global market estimates and forecasts, 2017 - 2027
4.3.2 Market estimates and forecast, by region, 2017 - 2027
Chapter 5 Automotive Engine Encapsulation Market, By Vehicle
5.1 Automotive engine encapsulation market 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
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