Resume in Sale of Automotive Engine Encapsulation Creating Positive Scenario for Automotive Engine Encapsulation Market in COVID 19 Situations
With things going haywire, Market Research Future studied vital points to make sure that the businesses around the global automotive engine encapsulation market 2020 are utterly prepared to tackle potential implications caused by COVID-19 deadly disease. MRFR, from its study, estimates that global automotive engine encapsulation market can reach its target to get at least ~6.74% CAGR during the forecast period 2018-2023, and will be valued at a higher pace.
The outstanding players in the automotive engine encapsulation market are listed as Continental AG (Germany), Autoneum (Switzerland), ElringKlinger AG (Germany), Roechling Group (Germany), Furukawa Electric Co., Ltd. (Japan), Greiner Foam International (Austria), Adler Pelzer Holding GmbH (Germany), Woco Industrietechnik GmbH (Germany), Hennecke GmbH (Germany) and SA Automotive (U.S.) are among others.
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Top Impactful Factors
Demand for automotive engine encapsulation is likely to surge during the assessment period owing to its copious advantages such as less CO2 emission from vehicles and reduction in airborne noise. Engine encapsulation earlier provided only in luxury vehicles; however, this addition is now penetrating in the lower segment vehicles to meet the rigorous noise emission norms. Due to this, the demand has been raised in the period of lockdown to control pollution, which gave a boost to the market growth.
Engine encapsulation advances the fuel economy of the vehicle by providing higher initial temperature to the engine and oils & lubricants. Due to this, manufacturers are providing this addition in most new vehicles manufacturing. On a similar note, the application of materials like carbon fibre is likely to expand the market, owing to its favourable characteristics, such as lightweight, and ability to absorb noise. The use of carbon fibre for engine encapsulation has its challenges, the prime concern being the high cost of the material. Consequently, the application of this material is only feasible for premium and luxury vehicles.
On the contrary, the factor of the rising preference for electric vehicles is anticipated to hold back the automotive engine encapsulation market owing to the lack of conventional engines in electric vehicles during the progression period.
The global automotive engine encapsulation market has further been studied among segments of type, material, fuel, sales, and application.
In terms of type, the market has included engine-mounted and body-mounted.
In terms of the material segment, the sub-segments include are polypropylene, carbon fibre, polyamide, polyurethane, and others.
In terms of fuel segment, the market has included diesel, petrol, and gasoline.
In terms of sales segment, the market has included OEM and aftermarket.
In terms of application, the market has included Light Commercial Vehicle (LCV), Passenger Vehicle (PV), Electric Vehicle (EV) and Heavy Commercial Vehicle (HCV).
The Asia-Pacific is the leading market for automotive engine encapsulation by value and volume. The Asia-Pacific region is the largest producer of automobiles in the world, with the incidence of leading automakers based in India, China, Japan, and South Korea. The growth of the middle-class population in the region, particularly in China and India, is motivating the sales of automobiles. In fact, the high production of vehicles in the Asia Pacific has also been a critical factor liable for the development of the global engine encapsulation market. In addition to this, climbing disposable incomes of the people in these countries & execution as well as the observance of strict emission laws by the legal enforcement agencies and state authorities will further rapid the expansion of automotive engine encapsulation industry over the obliging years.
High production of luxury and sports cars in Europe is propelling the automotive engine encapsulation market in the region.
Scope of Report
The report for Global Automotive Engine Encapsulation Market of Market Research Future covers extensive primary research. This is accompanied with detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report gives a clear picture of the current market scenario, which includes the historical and forecasted market size, in terms of value and volume, technological advancement, macroeconomic, and governing factors of the market. The report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.
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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
List of Tables
Table 1 Global Automotive Engine Encapsulation Market: by Region, 2018-2023
Table 2 North America Automotive Engine Encapsulation Market: by Country, 2018-2023
Table 3 Europe Automotive Engine Encapsulation Market: by Country, 2018-2023
Table 4 Asia Pacific Automotive Engine Encapsulation Market: by Country, 2018-2023
Table 5 Row Automotive Engine Encapsulation Market: by Country, 2018-2023
Table 6 Global Automotive Engine Encapsulation Market, by Type, by Regions, 2018-2023
Table 7 North America Automotive Engine Encapsulation Market, by Type, by Country, 2018-2023
List of Figures
Figure 1 Research Process of Mrfr
Figure 2 Top Down & Bottom Up Approach
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
Figure 6 Porter’s Five Forces Analysis
Figure 7 Value Chain Analysis
Figure 8 Global Automotive Engine Encapsulation Market Share, by Type, 2016 (%)
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