The automotive engine encapsulation market is projected to grow at a CAGR of 6.13% during the forecast period, from USD 4.16 Billion in 2018 to USD 6.30 Billion by 2025.
The automotive engine encapsulation market is anticipated to be driven by an increase in the need for silent automobiles, stricter emission standards for the industry, and rising consumer demand for fuel-efficient, aerodynamically efficient, and stylish vehicles.
Body mounted encapsulations is estimated to grow at the fastest rate in the automotive engine encapsulation market
The automobile engine encapsulation market’s body mounted encapsulation segment is anticipated to grow at the highest rate. According to estimates, this market category has the biggest development potential in the automotive engine encapsulation industry, particularly in Europe where luxury light-duty vehicle adoption is considerable. The main use of body mounted encapsulations at the moment is in this particular vehicle category. Extensive research and development is being done to lower the cost of the material used in body mounted encapsulations, which will ultimately lower the cost of body mounted encapsulation systems. This might also enable the incorporation of body mounted systems into mid-range automobiles. As a result, by 2025, this market is anticipated to grow in a positive manner.
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Carbon fiber is estimated to be the largest segment of the automotive engine encapsulation market
Automotive engine encapsulations utilise the cutting-edge material carbon fiber. Despite its high cost, carbon fiber is favored because it can be used to create lightweight engine covers and shields. Body-mounted engine encapsulations, which completely enclose the engine and are typically fitted in high-end automobiles, should be made of a lightweight material. Consequently, carbon fiber is favored in high-end vehicles. The primary reason fueling the expansion of carbon fiber in the automotive engine encapsulation market is the rising demand for high-end light-duty automobiles around the globe.
Asia Pacific: Largest regional market for automotive engine encapsulation
The largest market for vehicle engine encapsulation is reportedly in Asia Pacific. About 50% of the world’s autos are produced in the Asia-Pacific area. The region includes both industrialized countries like Japan and South Korea and growing economies like China and India. The major factors propelling the growth of the automotive engine encapsulation market in the Asia Pacific region are the expanding infrastructure projects in developing nations like China and India as well as the increasingly strict emission laws.
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Key Market Players
The report covers all the major players in the automotive engine encapsulation market, including established players such as Autoneum (Switzerland), Continental (Germany), Roechling (Germany), ElringKlinger (Germany), Greiner (Austria), Furukawa Electric (Japan), Woco (Germany), Adler Pelzer (Germany), SA Automotive (US), Hennecke (Germany), and a few globally established suppliers, such as BASF (Germany), 3M (Germany), Saint-Gobain (France), Polytec (Austria), Evonik (Germany), Carcoustics (Germany), Uniproducts (India), and UGN (US).
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