The $6.9 Billion Automotive Engine Encapsulation Market by 2026: Global Opportunities & Challenges - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Aug 22, 2018--The “Automotive Engine Encapsulation - Global Market Outlook (2017-2026)” report has been added to ResearchAndMarkets.com’s offering.
According to the report, the Global Automotive Engine Encapsulation Market accounted for $3.42 billion in 2016 and is expected to reach $6.9 billion by 2026 growing at a CAGR of 8.1% during the forecast period.
Factors such as reduction in piston cylinder, need to reduce engine noise and co2 emission, growing demand for silent vehicles and the strict emission norms for the automotive industry are collectively expected to propel the market growth. Rising demand for fuel-efficient and energy-saving vehicles is providing ample of opportunities for the market.
However, growing demand for electric and hybrid vehicles eliminates the need for engine components and increased vehicle weight and fuel consumption are hindering the growth of the market.
By product type, body mounted segment is anticipated to be the largest segment of the Automotive Engine Encapsulation Market. This segment is the main application of body mounted encapsulations presently and it has a high penetration of luxury light-duty vehicles. Extensive R&D is being agreed out to decrease the cost of the material of body mounted encapsulations which in turn would cut the cost of body mounted encapsulation systems.
Based on fuel type, gasoline segment is estimated to grow steadily during the forecast period. Gasoline vehicles produce a less degree of exhaust from their engines as compared to diesel engine vehicles. Furthermore, environment-friendly mandates imposed by some governments have led to a universal turn down in the making of diesel vehicles. Hence, the OEMs are focusing on manufacturing their gasoline models thermally and acoustically proficient by incorporating engine encapsulations.
Company ProfilesUGN, Inc. Saint-Gobain Isover SA SA Automotive RoEchling SE & Co. KG Polytec Holding AG Hennecke GmbH Greiner Group Furukawa Electric Co. Ltd. Evonik Elringklinger AG Continental AG Carcoustics Shared Services GmbH BASF Corporation Autoneum Holding AG Adler Pelzer Holding GmbH 3M Deutschland GmbH Woco Industrietechnik GmbH Uniproducts (India) Ltd.
For more information about this report visit https://www.researchandmarkets.com/research/5xqpl7/the_6_9_billion?w=4
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Related Topics:Engines and Engine Parts
INDUSTRY KEYWORD: MANUFACTURING AUTOMOTIVE MANUFACTURING
SOURCE: Research and Markets
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PUB: 08/22/2018 01:01 PM/DISC: 08/22/2018 01:01 PM