Global Automotive Engine Encapsulation Market Size, Share, Forecast Report, 2020-2027
An automotive engine encapsulation insulates the engine from the external environment and maintains heat in the engine even when it is turned off. This slows down the engine cooling rate and subsequently, provides initial heat during starting the engine. Hence, encapsulation reduces the friction between engine parts and provides short warm-up time for the engine.
Automotive engine encapsulation market has seen remarkable growth in the global market, and it has been observed that it is expected to register a CAGR of ~6.74%. Government regulation is becoming stricter which influences the sales of energy efficient components in the market. Hence, it is the primary driving factor for the global automotive engine encapsulation industry. Growing awareness about the environment and increase in demand for low noise vehicles will further drive the market. The rapid growth in the sales of fuel-efficient and aerodynamically efficient vehicles is expected to create opportunities for the manufacturers of the engine encapsulation market. However, high investment on research and development regarding fuel-efficient components and finding a low-cost material for engine encapsulation are the major challenges for manufacturers. The high price of engine encapsulation and increasing demand for electric vehicles will slow down the growth of the global automotive engine encapsulation market.
The global automotive engine encapsulation market has been segmented by type, material, fuel, sales, application, and regions. On the basis of type, the market has been segmented by engine-mounted and body-mounted. On the basis of material, the sub-segments include carbon fiber, polypropylene, polyurethane, polyamide, and others. On the basis of fuel, the market has been segmented into petrol, diesel, and gasoline. On the bases of sales, the market has been segmented into OEM and aftermarket. On the basis of application, the market has been segmented into Passenger Vehicle (PV), Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV), and Electric Vehicle (EV).
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 prominent players in the automotive engine encapsulation market include 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.