Automotive Engine Encapsulation Market Highlights:
An automotive engine encapsulation insulates engine for better heat transfer between the engine body and the surroundings. It reduced the warm-up time and provides sufficient heat during starting the engine. Growing demand for low noise vehicles and increasing concern related to emission control will improve the overall revenue of the market. Increase in the average per capita disposable income and increasing purchasing power of customers will boost the growth of luxury vehicles equipped with engine encapsulation systems. However, increase in demand for electric vehicle and the hybrid vehicles will restrain the growth of the market. Moreover, extensive research regarding the development of the product and cost effective solutions will further boost the sales and demand for the product.
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Automotive Engine Encapsulation Market Key Players Analyzed In Report:
Autoneum (Switzerland), Continental AG (Germany), Roechling Group (Germany), ElringKlinger AG (Germany), Greiner Foam International (Austria), and Furukawa Electric Co., Ltd. (Japan). Woco Industrietechnik GmbH (Germany), Adler Pelzer Holding GmbH (Germany), SA Automotive (U.S.), and Hennecke GmbH (Germany) are among others.
Market Research Analysis
In terms of region, the global market for automotive engine encapsulation is divided into North America, Europe, Asia Pacific, and Rest of the World. Asia Pacific is expected to hold a significant market revenue share over the forecast period. Increase in the sales of luxury vehicles equipped with engine encapsulation system in Asia Pacific and strict government regulations regarding fuel emission will drive the market throughout the forecast period. Asia Pacific will register the highest CAGR during the forecast period, owing to the increase in sales of premium vehicles, rise in GDP, and increased purchasing power of users. Furthermore, increased demand for silent vehicles in China, Japan, and India will enhance the overall revenue of the market. Government regulations in Europe are becoming stricter every year; which signifies that the manufacturers need to be aware of the regulatory requirements.
Geographically, the global automotive engine encapsulation market has been divided into four major regions, namely North America, Europe, Asia Pacific, and Rest of the World. Amongst all regions, Asia Pacific is expected to dominate the growth of the market both in terms of value and volume during the forecast period. Asia Pacific comprises emerging economies, such as China and India, along with developed economies such as South Korea and Japan. The growing overall automobile production in Asia Pacific will further drive the market growth. Countries such as South Korea and Taiwan have strict regulations and adopt Europe real-world emission testing required to control the emission through vehicles.
The scope of the study segments the global automotive engine encapsulation market by type, material, fuel, sales, application, and regions.
Passenger Vehicle (PV).
Light Commercial Vehicle (LCV).
Heavy Commercial Vehicle (HCV).
Electric Vehicle (EV).
Rest of the World.
Scope of the Report
This study provides an overview of the global automotive engine encapsulation market, tracking three market segments across four geographic regions. The report studies key players, providing a six-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia Pacific, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region.
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TABLE OF CONTENTS:
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.2 RESEARCH OBJECTIVE
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 MARKET LANDSCAPE
3.1 PORTER’S FIVE FORCES ANALYSIS
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF BUYERS
3.1.3 THREAT OF SUBSTITUTES
3.1.4 SEGMENT RIVALRY
3.1.5 BARGAINING POWER OF BUYERS
3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS
4 MARKET DYNAMICS
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 MARKET OPPORTUNITIES
4.5 MARKET TRENDS
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