The engine encapsulation global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Engine Encapsulation Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The engine encapsulation market size has grown strongly in recent years. It will grow from $5.7 billion in 2023 to $6.07 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to fuel efficiency concerns, noise, vibration, and harshness (nvh) reduction, emission control regulations, focus on aerodynamics in vehicle design.
The engine encapsulation market size is expected to see strong growth in the next few years. It will grow to $7.91 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to stricter emission standards, electrification of vehicles, integration with advanced cooling systems, continued emphasis on fuel efficiency, adoption of lightweight materials. Major trends in the forecast period include active engine encapsulation systems, integration with vehicle thermal management, sustainable and recyclable encapsulation materials, customization for electric vehicles, advanced computational simulations for optimal design.
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Scope Of Engine Encapsulation Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers –
The increase in demand for commercial vehicles is driving the growth of the engine encapsulation market. Commercial vehicles are used for the transportation of goods over long distances, increasing the need for better fuel efficiency. Commercial vehicles are used for the transportation of goods over long distances, increasing the need for better fuel efficiency. Engine encapsulation saves fuel and minimizes engine noise and heat transfer, making it an attractive solution for commercial vehicles. For example, in July 2022, according to Pandaily, a Beijing-based technology media company, the sales volume of commercial vehicles was 168,000, up 49.4% year-on-year. Also, in May 2021, demand for new commercial vehicles in Germany increased by 46.4% over the previous year. Hence, the increasing demand for commercial vehicles is expected to drive the growth of the engine encapsulation market in the forecast period.
Market Trends –
Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.
The engine encapsulation market covered in this report is segmented –
1) By Product Type: Engine-Mounted, Body-Mounted
2) By Material: Polypropylene, Polyurethane, Carbon fiber, Other Materials
3) By Fuel Type: Gasoline, Diesel
4) By Vehicle Class: Economic Light-Duty Vehicles, Mid-Priced Light-Duty Vehicles, Luxury Light-Duty Vehicles
5) By Sales Channel: Original Equipment Manufacturer (OEM), Aftermarket
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Regional Insights –
Asia-Pacific was the largest region in the engine encapsulation market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the engine encapsulation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the engine encapsulation market report are ElringKlinger AG, Autoneum Holding AG, Continental AG, Roechling Group, Greiner Foam International GmbH, Trocellen GmbH, Adler Pelzer Holding GmbH, BASF SE, Furukawa Electric Co. Ltd., Evonik Industries AG, Hennecke GmbH, Compagnie de Saint-Gobain S. A., UFP Technologies Inc., Polytec Group, DBW Advanced Fiber Technologies GmbH, ZF Friedrichshafen AG, GKN plc, Schaeffler Technologies AG & Co KG, BorgWarner Inc., AVL List GmbH, Axletech International, Dana Limited, Woco Industrietechnik GmbH, 3M Company, SA Automotive Ltd, Charlotte Baur Formschaumtechnik GmbH, Carcoustics International GmbH, Uniproducts Inc., UGN Inc., Robert Bosch GmbH
Table of Contents
1. Executive Summary
2. Engine Encapsulation Market Report Structure
3. Engine Encapsulation Market Trends And Strategies
4. Engine Encapsulation Market – Macro Economic Scenario
5. Engine Encapsulation Market Size And Growth
…..
27. Engine Encapsulation Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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