The Automotive Engine and Engine Mounts Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Automotive Engine and Engine Mounts Global Market Report 2024, The automotive engine and engine mounts market size has grown strongly in recent years. It will grow from $87.07 billion in 2023 to $93.91 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to government regulations, globalization, rise in disposable income, rise in demand for commercial vehicles.
The automotive engine and engine mounts market size is expected to see strong growth in the next few years. It will grow to $126.6 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to electric vehicle (ev) adoption, rise in autonomous vehicles, emission regulations, trade agreements, global market growth. Major trends in the forecast period include advanced combustion technologies, connectivity and iot, sustainable and renewable fuels, emission reduction technologies, 3d printing and additive manufacturing.
The rising production of passenger cars is expected to propel the growth of automotive engine and engine mounts going forward. A passenger car refers to a road motor vehicle, other than a motor cycle, intended for the carriage of passengers and designed to seat no more than nine persons. Adaptive engine mounts are a further development of hydro mounts and are primarily used to increase comfort in longitudinally mounted engines with high excitation potential in passenger cars. For instance, in May 2022, according to Business Today, an India-based business magazine data, total passenger vehicle (PVs) sales in May 2022 rose 185% year-on-year (YoY) to 251,052 units. In May 2021, 88.04k passenger vehicle units have been sold. Therefore, the rising production of passenger cars is driving the growth of the automotive engine and engine mounts market.
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The automotive engine and engine mounts market covered in this report is segmented –
1) By Product Type: Elastomer Mounts, Active Hydraulic Mounts, Passive Hydraulic Mounts, Electrohydraulic Mounts
2) By Fuel Type: Gasoline, Diesel, Hybrid, Natural Gas
3) By Sales Channel: OEM, Aftermarket
4) By End User: SUV, Sedan
Major companies operating in automotive engine and engine mounts are adopting a strategic partnership approach to provide comprehensive solutions to their customers. Strategic partnerships refer to a process in which companies leverage each other’s strengths and resources to achieve mutual benefits and success. For instance, in January 2023, McLaren Automotive, a UK-based luxury automotive manufacturer, partnered with Ricardo, a UK-based strategic environmental and engineering consulting company. With this partnership, they aim to manufacture its next-generation V8 power unit. Also, Ricardo and McLaren will make additional investments in Shoreham’s high-performance engine production facility, with over 100 professional manufacturing engineers and technicians committed to delivering McLaren’s high-performance powertrains.
The automotive engine and engine mounts market report table of contents includes:
1. Executive Summary
2. Automotive Engine and Engine Mounts Market Characteristics
3. Automotive Engine and Engine Mounts Market Trends And Strategies
4. Automotive Engine and Engine Mounts Market – Macro Economic Scenario
5. Global Automotive Engine and Engine Mounts Market Size and Growth
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26. South America Automotive Engine and Engine Mounts Market
27. Brazil Automotive Engine and Engine Mounts Market
28. Middle East Automotive Engine and Engine Mounts Market
29. Africa Automotive Engine and Engine Mounts Market
30. Automotive Engine and Engine Mounts Market Competitive Landscape And Company Profiles
Top Major Players:
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