USD 5.27 Billion
Global Automotive Engine Encapsulation Market Size, Share, Growth Analysis, By Product(Engine-mounted, and Body-mounted), By Vehicle class(Economic light-duty vehicles, Mid-priced light-duty vehicles) - Industry Forecast 2024-2031
Report ID:
SQMIG25A2121 |
Region:
Global |
Published Date: March, 2024
Pages:
223
|
Tables:
62 |
Figures:
75
Global Automotive Engine Encapsulation Market Insights
Global Automotive Engine Encapsulation Market size was valued at USD 5.27 Billion in 2022 and is poised to grow from USD 5.59 Billion in 2023 to reach USD 9 Billion by 2031, at a CAGR of 6.13% during the forecast period (2024-2031).
The purpose of the automotive engine encapsulation market is to meet the growing demand for lightweight and efficient engine solutions that comply with stringent emission regulations and improve overall vehicle efficiency. Engine encapsulation helps in reducing engine noise and vibration, improving aerodynamics, and protecting the engine from external elements. These factors contribute to enhanced vehicle performance, reduced fuel consumption, and lower emissions. The key driving factors for the automotive engine encapsulation market is the increasing focus on environmental sustainability and fuel efficiency. Governments across the globe are implementing strict emission standards and regulations, prompting vehicle manufacturers to adopt engine encapsulation techniques to meet these requirements. The automotive engine encapsulation market presents significant opportunities. Advancements in material technologies, such as lightweight composites and insulating materials, offer opportunities for developing more efficient and cost-effective encapsulation solutions.
The global automotive engine encapsulation market serves the purpose of providing engine encapsulation solutions that improve vehicle performance, reduce noise, and enhance fuel efficiency. While driving factors include environmental sustainability and consumer demand for better vehicle performance, challenges such as high costs and integration complexities exist. However, opportunities lie in technological advancements and the growing market for electric and hybrid vehicles. The automotive engine encapsulation market is expected to witness steady growth as manufacturers strive to meet regulatory requirements and consumer expectations for more efficient and eco-friendly vehicles.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Engine-mounted
Fastest Growth
Body-mounted
Growth Rate
6.13% CAGR
Global Automotive Engine Encapsulation Market ($ Bn)
Country Share for Asia Pacific Region (%)
Global Automotive Engine Encapsulation Market By Product ($ Bn)
Global Automotive Engine Encapsulation Market By Product (%)
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Global Automotive Engine Encapsulation Market Segmental Analysis
The global automotive engine encapsulation market is segmented on the basis of product, vehicle class, and region. In terms of product, the market is segmented into engine-mounted, and body-mounted. Based on vehicle class, the market is segmented into economic light-duty vehicles, mid-priced light-duty vehicles, and luxury light-duty vehicles. Region Wise, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Automotive Engine Encapsulation Market Analysis by Product
The largest segment in market share is engine-mounted encapsulation. In engine-mounted encapsulation, encapsulation materials are applied directly to engine blocks, cylinder heads, and exhaust systems. Such encapsulation keeps the engine in close proximity, providing better thermal management and reduced noise. Engine-mounted encapsulation is widely adopted by automakers for its ability to improve fuel efficiency, reduce emissions and improve overall engine performance. While focusing on the environment meeting regulations and high fuel efficiency standards, the demand for engine-mounted encapsulation is expected to dominate the market.
The fastest growing segment of the automotive engine encapsulation market is body-mounted encapsulation. Body-mounted encapsulation uses encapsulation materials on the body structure of the vehicle, such as the hood, fenders, and underbody panels, Such encapsulation creates a barrier between the engine compartment and vehicle interior to provide additional insulation and noise reduction for increasing interior comfort, reducing engine noise continuity , Body-mounted encapsulation is gaining popularity due to its ability to improve all car aerodynamics and While automakers prioritize noise reduction and improve passenger comfort the demand for body-mounted encapsulation is expected to increase significantly in the coming years.
Automotive Engine Encapsulation Market Analysis by Vehicle Class
The largest segment in market share is light-duty vehicles. Low-cost economy cars refer to vehicles that are designed for modest drivers and focus on fuel efficiency and affordability. Usually these vehicles are small to medium sized vehicles for daily transportation. light-duty vehicles are increasingly accepted in developing countries and densely populated areas where there is a high demand for low-cost transportation. Because of the increasing importance of fuel-efficient vehicles and the environment due to increasing environmental concerns, the demand for engines in light economy vehicles will be the highest among all vehicles.
The fastest growing segment of the automotive engine encapsulation market is luxury light-duty vehicles. A luxury lightweight car is a luxury vehicle that offers luxury features, advanced technology, and superior performance. These cars target customers who are looking for a premium driving experience with comfort and supreme prestige. Engine integration in luxury light vehicles offers additional benefits such as reduced engine noise, improved thermal efficiency, and increased. overall vehicle performance As the demand for luxury vehicles increases , driven by rising disposable income and a comfortable lifestyle, the engines in this class of vehicles. The market for engine encapsulation in this vehicle class is expected to witness significant growth.
Global Automotive Engine Encapsulation Market By Product, 2023 (%)
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Global Automotive Engine Encapsulation Market Regional Insights
Asia-Pacific is the dominant region in the automotive engine encapsulation market. Asia Pacific has emerged as a powerhouse in the automotive industry, led by countries such as China, Japan and India. The dominance of this region can be attributed to several factors. Asia Pacific has a large population and a growing middle class, leading to high demand for automobiles. Moreover, rapid urbanization and infrastructure development in countries such as China and India has increased the demand for automotive engine insulation. Additionally, stringent emission regulations in the region have led automakers to adopt engine coating technology to meet environmental standards Due to the complex automotive industry and favorable regulations, Asia-Pacific holds the largest market share in the global automotive engine injection market.
The fastest growing region in the automotive engine encapsulation market is North America. North America in particular is leading the way, experiencing significant growth in the use of engine coating technology. Some of the factors contributing to the rapid growth of the region include increased focus on fuel efficiency, stringent emission control regulations, increased consumer demand for noise reduction over and heat consumption in automobiles Also, the presence of major automotive manufacturers, technological advancements in the regional automotive industry. Significant growth is also expected due to the development of electric and hybrid vehicles.
Global Automotive Engine Encapsulation Market By Region, 2024-2031
- Largest
- Fastest
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Global Automotive Engine Encapsulation Market Dynamics
Automotive Engine Encapsulation Market Drivers
Stringent Emission Regulations
- Governments around the world have implemented stringent emissions regulations to curb pollution and reduce greenhouse gas emissions. Engine tuning plays an important role in complying with these regulations by improving fuel economy and reducing emissions. As concerns about air quality and emissions grow, automakers are forced to adopt innovative solutions to meet these stringent standards Engine encapsulation, a technology designed to improve vehicle performance by reducing heat loss and reducing emissions have emerged as key to growing , ultimately harmful and helpful in reducing carbon emissions.
Growing Demand for Fuel Efficiency
- Rising oil prices and environmental concerns are fueling the demand for fuel-efficient vehicles. Turning off the engine helps improve air and heat management, and increases fuel efficiency. As concerns about environmental sustainability and fuel consumption rise, automotive manufacturers are focusing on developing technologies that will improve vehicle fuel efficiency largely by optimizing engine-room combustion. In this context, engine design plays an important role. It contributes to optimum operating temperature, reduces heat loss, and improves overall engine efficiency. Not only does this help increase fuel efficiency, but it also meets strict emissions regulations. The highly integrated engine encapsulation technology reflects a proactive industry response to the need for sustainable and environmentally friendly transportation solutions. As consumers drive fuel-efficient vehicles first, the automotive engine encapsulation market is poised for further expansion, which is environmentally friendly. It is driven by the need to address concerns and meet evolving regulatory standards.
Automotive Engine Encapsulation Market Restraints
High Costs of Engine Encapsulation
- The implementation of engine encapsulation technology could incur additional costs for automakers. High infrastructure, R&D, and manufacturing costs can act as a deterrent to high adoption especially in high-value markets Engine digitizing delivers advanced products and processes used to create airtight barriers around the engine compartment, reduce noise, provide thermal efficiency, and improve Overall Automotive Performance. Those features and this cutting-edge technology add up to higher production costs, especially barriers to adoption in expensive markets. The automotive industry faces the ongoing challenge of balancing regulatory compliance, meeting stringent requirements and keeping vehicles affordable as manufacturers seek to meet cost constraints.
Complexity in Retrofitting Existing Vehicles
- Retrofitting engine encapsulation into existing vehicles can be difficult and expensive. The challenges of integrating encapsulation systems into older models can be inhibiting, as they may require adaptations and modifications. When automakers implement engine encapsulation solutions on existing vehicles in order to consume them, strict environmental regulations to ensure consistency and efficiency Careful engineering and modification of design vehicles are required, which contribute to creation of high cost and potential technical hurdles. Despite the obvious advantages of engine mounting, which improves efficiency and reduces emissions, overcoming the challenges of refitting remains a hurdle especially limiting widespread adoption in the automotive industry.
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Global Automotive Engine Encapsulation Market Competitive Landscape
The global automotive engine encapsulation market is highly competitive, categorized by several key players determined to maintain their market positions. These companies are engaged in strategic initiatives such as mergers and acquisitions, collaborations, partnerships, and product innovations to gain a competitive edge. The increasing demand for engine encapsulation solutions to meet stringent emission regulations and improve fuel efficiency drives the competitive landscape. Companies are focused on continuous research and development activities to introduce innovative engine encapsulation technologies that offer improved performance, durability, and cost-effectiveness. They also highlight expanding their geographic presence through strategic collaborations and partnerships with local manufacturers and suppliers.
Automotive Engine Encapsulation Market Top Player’s Company Profiles
- Continental AG (Germany)
- Robert Bosch GmbH (Germany)
- Denso Corporation (Japan)
- Mahle GmbH (Germany)
- BorgWarner Inc. (US)
- Valeo SA (France)
- Tenneco Inc. (US)
- DuPont de Nemours, Inc. (US)
- Dana Incorporated (US)
- BASF SE (Germany)
- Mitsui Chemicals, Inc. (Japan)
- LyondellBasell Industries N.V. (Netherlands)
- Saint-Gobain S.A. (France)
- Owens Corning (US)
- Magna International Inc. (Canada)
- Freudenberg Group (Germany)
- Nippon Sheet Glass Co., Ltd. (Japan)
- Johnson Matthey PLC (UK)
- Sumitomo Chemical Co., Ltd. (Japan)
- 3M Company (US)
Automotive Engine Encapsulation Market Recent Developments
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In March 2023, BASF SE, a German chemical company, launched its new Akutherm engine encapsulation system. The system is designed to reduce noise and vibration in engines and improve fuel efficiency.
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In February 2023, Autoneum Holding AG, a Swiss automotive supplier, acquired Trocellen Automotive, a French manufacturer of lightweight insulation materials. The acquisition will help Autoneum expand its product portfolio and strengthen its position in the automotive engine encapsulation market.
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In January 2023, Roechling Group, a leading provider of lightweight solutions, announced the launch of its new engine encapsulation system for electric vehicles. The system is designed to improve the thermal management of electric vehicles and extend their battery life.
Global Automotive Engine Encapsulation Key Market Trends
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Lightweight and Sustainable Materials: There is a growing fashion towards lightweight & sustainable materials for engine encapsulation, consisting of composites & bio-primarily based materials. These materials provide stepped forward performance, decreased weight, and environmental benefits. Automakers are an increasing number of incorporating superior substances inclusive of high-energy composites, thermoplastics, aerodynamic production, and so forth. Into engine damping structures to obtain the twin goals of weight reduction and retention percentage. It is not most effective that the shift to lighter materials contributes to a higher gasoline economic system however carbon -It is also consistent with broader industry goals of reducing emissions. Furthermore, sustainability issues integrate sustainability and environmentally friendly features into encapsulation solutions, cope with worries about stop-of-life recycling and cope with. The normal environment. This trend emphasizes a holistic approach in the car industry to proactively cope with issues.
- Integration of Electric Vehicle (EV) Technologies: As the automotive industry undergoes a transformative shift to electricity and electric vehicles replace or supplement conventional internal combustion engines, this shift has a significant impact on engine coating design types, which evolve to meet the unique needs of electric vehicles integrating EV technology requires advanced thermal management solutions with advanced encapsulation systems to ensure combustion optimal performance for batteries and electrical components. Furthermore, the encapsulation materials are designed to suit the unique characteristics of electric drivetrains, building features such as electromagnetic insulation and protection from external elements emphasizing. As automotive manufacturers across the globe intensify their focus on electric propulsion, the automotive engine encapsulation market is undergoing a paradigm shift, reflecting the industry’s commitment to overcome challenges and opportunities to address the effects of the rise of electric vehicles.
Global Automotive Engine Encapsulation Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global automotive engine encapsulation market analysis, the key drivers of the market is the increasing stringency of emission regulations imposed by governments worldwide. To meet these regulations, automotive manufacturers are adopting engine encapsulation solutions to reduce emissions and improve fuel economy. Engine encapsulation helps in managing heat dissipation, optimizing engine performance, and reducing noise and vibration levels. The global automotive engine encapsulation market is experiencing growth driven by emission regulations, fuel efficiency requirements, and technological advancements. While facing challenges related to cost and retrofitting, the market offers opportunities for companies to develop innovative solutions and cater to the demand for efficient and environmentally friendly vehicles.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 5.27 Billion |
| Market size value in 2031 | USD 9 Billion |
| Growth Rate | 6.13% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Automotive Engine Encapsulation Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Automotive Engine Encapsulation Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Automotive Engine Encapsulation Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Automotive Engine Encapsulation Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Automotive Engine Encapsulation Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Automotive Engine Encapsulation Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Automotive Engine Encapsulation Market Report Snapshots
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