Automotive Engine Encapsulation Market 2018 Global Size, Share, Trends, Growth Factors, Key Country Outlook, Competitive Landscape, And Regional Forecast To 2023

Automotive Engine Encapsulation Market to Accrue Enormously by 2023; Declares MRFR Unleashing Industry Prognostications for 2018-2023. The Asia Pacific region dominates the global automotive engine encapsulation market with the largest market share.

Pune, India - November 6, 2018 /MarketersMedia/ —

Automotive Engine Encapsulation Market by Type (Engine-mounted and Body-mounted), Material (Carbon Fiber, Polypropylene, Polyurethane, Polyamide, and Others), Fuel (Petrol, Diesel, and Gasoline), Sales, Application (PV, LCV, HCV, and EV), Region.

Key Players:

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.

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An automotive engine encapsulation as the name suggests, insulates the engine from the external environment and maintains heat in the engine even when it is turned off. As a result, the engine cooling rate is slowed down which provides initial heat during starting of the engine. Consequently, the friction between engine parts gets reduced and the engine gets a short warm-up time which increases its life span.

Resultantly, engine encapsulation has secured its place near the heart of every vehicle, called engine. This also presages that the automotive engine encapsulation market is a steadily growing space. The market is totally reliant on the unit sales of automobiles. With the increasing automotive sales over the past few years, the market is witnessing a huge traction, globally.

Acknowledging the huge traction, the market perceives today, Market Research Future (MRFR) in its recently published study report asserts that the global automotive engine encapsulation market will accrue pervasively by 2023; registering approximately 6.74% CAGR during the forecast period (2018 – 2023).

Government regulation that promote the energy efficient components is a key driving force behind the upsurge the global automotive engine encapsulation industry is witnessing currently. Moreover, the growing awareness towards the increasing environmental concerns and the demand for low noise vehicles will further drive the market.

Furthermore, the rapid growth in the sales of fuel-efficient and aerodynamically efficient vehicles is fostering the market growth, creating opportunities for the manufacturers of the engine encapsulation market. On the other hand, factors such as finding a low-cost material to develop engine encapsulation are challenging the manufacturers.

Automotive Engine Encapsulation Global Market Segmentation:

The market can be segmented into six key dynamics for enhanced understanding;

By Types: Engine-mounted and Body-mounted.
By Materials: Carbon Fiber, Polypropylene, Polyurethane, and Polyamide among others.
By Fuel: Petrol, Diesel, and Gasoline.
By Sales: OEM and aftermarket.
By Applications: Passenger Vehicle (PV), Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV), and Electric Vehicle (EV).
By Region: North America, Europe, APAC and Rest-of-the-World.

Global Automotive Engine Encapsulation Market Regional Analysis:  

The presence of long-established original equipment manufacturers (OEM) fosters the market growth in the region. The rapid expansions in the automotive sector in the developing nations such as Japan, China, and India are encouraging the OEMs to upgrade their technological platforms to develop high performance encapsulations. This as a result, is driving the market growth in the region, providing the strong base for the significant development.

 The automakers in the region are focusing on new product development, investing substantially and rapidly in R&D activities.  The increase in new product development will drive the market growth further. Furthermore, the increasing demand for engine encapsulation among both OEMs and aftermarket replacement will help the APAC region to retain its dominance over the assessment period.

The European region backed by the well-established automotive industry accounts for the second-largest market for the engine encapsulations. The presence of huge number of giant automakers in the region is the main driving force pushing the market growth up. The resurging economy is undoubtedly acting as a key driving growth force, increasing consumers’ purchasing power. Furthermore, the leading automotive technology providers in this region drive the market growth to an extent.

The North American region is emerging as one of the lucrative markets for automotive engine encapsulations.  The burgeoning automotive industry in the region provide impetus to the growth of the regional market, witnessing huge number of innovations.  Whereas, the high per capita income is driving the sales of new vehicles. Commutatively, these factors support the market growth in the region.  The US, backed by the long-established original equipment manufacturers (OEM) provide a strong base to the automotive engine encapsulation market in the region allowing it to grow further.

Global Automotive Engine Encapsulation Market Competitive Analysis

Highly competitive automotive engine encapsulation market appears to be fragmented owing to the presence of several large and small key players accounting for a substantial market share.

Well-established players incorporate acquisition, collaboration, partnership, expansion, product & technology launch in order to gain competitive advantage in this market and to maintain their market position. Transportation companies, OEMs and suppliers collaborate together.

The competitive nature of this market is envisaged to intensify as more Engines enter the mass market, which is inevitable in the wake of increasing government regulations and consumer demand for automotive safety and advanced features.

Industry News & Proceedings

April 19, 2018 --   Shell Lubricants (The Netherlands) and AirFlow Truck Company launched their hyper fuel-efficient concept vehicle - Starship CLASS 8.  The collaboration of the duo companies proved that engineering fuel-efficient products can meet future legislative and regulatory requirements too.

Engine Encapsulation of Starship truck is designed by the Röchling Automotive/ Röchling SE & Co. KG (Germany), a plastics engineering company. Röchling’s aerodynamics and engine encapsulation systems dept. has developed a specially engineered active grille shutter system that can reduce aerodynamic drag while maintaining optimal cooling capacity.

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