Automotive Engine Encapsulation Market size Synopsis and Highlights, Key Findings, Major Companies Analysis and Forecast to 2023
Posted October 10,2020 in Cars and Vehicles.
The demand for engine efficiency is at an all-time high with consumers demanding efficient vehicles. Reports that provide insights into the automobile industry has been presented by Market Research Future, which creates reports on industry verticals that judge the market progress and options for growth. The market is equipped to accomplish a CAGR of 6.74 in the coming period.
The rising purchase of automobiles is expected to promote the development of the Automotive Engine Encapsulation Market size Revenue considerably in the coming years. Furthermore, the demand for low noise and fuel-efficient vehicles is expected to open up a broader scope of development in the Automotive Engine Encapsulation Market size through the forecast period.
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The segment-based inquiry of the Automotive Engine Encapsulation Market size has been conducted on the basis of material, application, fuel, type, sales, and regions. Based on the type, the Automotive Engine Encapsulation Market size has been segmented into body-mounted and engine-mounted. Based on the material, the Automotive Engine Encapsulation Market size consists of polypropylene, polyurethane, carbon fiber, polyamide, and others. Based on the fuel, the Automotive Engine Encapsulation Market size has been segmented into diesel, petrol, and gasoline. The segmentation of the Automotive Engine Encapsulation Market size based on sales comprises of OEM and aftermarket. Based on the applications, the Automotive Engine Encapsulation Market size has been segmented into light commercial vehicle (LCV), passenger vehicle (PV), heavy commercial vehicle (HCV), and electric vehicle (EV).
Detailed Regional Analysis
The regional assessment of the Automotive Engine Encapsulation Market size covers regions such as North America, Asia Pacific, Europe, and the rest of the regions. The Asia Pacific region is anticipated to govern the progress of the Automotive Engine Encapsulation Market size both in terms of its value and volume through the forecast period. The Asia Pacific region comprises of emerging economies, such as India and China, along with advanced economies such as Japan and South Korea. The developing global automobile manufacturing in the Asia Pacific region is projected to drive the market progress of automotive engine encapsulation. The nations such as South Korea and Taiwan who have stringent regulations and implement real-world emission testing to control the emission through vehicles, are expected to motivate the market’s development in the coming years.
The reassessment of the logistics budget is expected to open up avenues of expansion in the upcoming years. The market is anticipated to be motivated by increased investment from various sources. The market is expected to be abreast of the trends that are prevalent in the market, which will aid in the long term growth of the market. The innovation scale of the product offering is improving at an accelerating rate, which will enable the advancement of the market in the coming years. The aptness of manufacturing resources is estimated to furthermore replicate, evidently, on the overall growth development of the market. Also, the enhanced access to resources from investment leviathans and venture capitalists is anticipated to authorize an encouraging development viewpoint in the market in the forthcoming period.
The renowned contenders in the Automotive Engine Encapsulation Market size are Continental AG (Germany), Roechling Group (Germany), Autoneum (Switzerland), Greiner Foam International (Austria), ElringKlinger AG (Germany), Furukawa Electric Co., Ltd. (Japan), SA Automotive (U.S.), Woco Industrietechnik GmbH (Germany), Adler Pelzer Holding GmbH (Germany), and Hennecke GmbH (Germany) are among others.
Dec 2019 AVX Corporation, a producer and provider of advanced electronic components and has introduced a fresh series of high-temperature, glass-encapsulated multilayer varistors (MLVs) that are qualified to AEC-Q200 standards, and graded for functioning temperatures spreading from 55°C to +150°C. The series MLVs are well-matched for usage in high-temperature and harsh-environments such as internal combustion engine (ICE) vehicles.