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Rising demand of light weight and safe engine covers owing to growing need to reduce vehicle overall weight to provide fuel efficiency driving the growth of automotive engine covers market\nTechnical advancement to improve the flexibility and to provide better resistance from heat and noise are expected to provide boost to the global automotive engine cover market. Moreover, advance methodology to utilize plastics and other raw materials anticipated reduce the cost of engine covers will lift up the sales of engine covers.\n

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report code am1005

Report Code : AM1005

Global Automotive Engine Covers Market Outlook 2024 | Insights, Trends, Demand & Competitors Analysis

99 Wall Street, Suite No:- 527, New York, NY 10005

United States of America

+1-646-568-7747

+1-437-886-1181

Office No:- 504, 5th Floor, C-51, BSI Business Park, Sector-62, Noida, PIN:- 201301

India 

+44-203-318-6627

+91-120-473-0422,

+91-844-785-9968

www.goldsteinresearch.com

sales@goldsteinresearch.com

global automotive engine covers market outlook

Global Automotive Engine Covers Market Outlook 2024 | Insights, Trends, Demand & Competitors Analysis

Global Automotive Engine Covers Market

Automotive engine covers are used to cover the engine in order to protect the engine from vibrations, heat, etc. These covers ensure pressure regulation and efficient running of the engine. The material used in covers used in automotive engines are of different types, such as thermoplastic, metals, composites etc. These engine covers not only safeguard engines, but also protect other components from the vibrations and heat generated by the engine. In order to support automobile manufacturers and to meet the global demand for reducing automobile emission and to reduce noise. Component manufacturers have provided wide range of lightweight and noise-reducing multifunctional engine covers made of Theta-Fiber Cell.

This key technology of using composites and thermoplastics to meet customer specific requirements such as optimal noise protection and thermal insulation will boost the demand of engine covers in automotive OEMs and aftermarket significantly. Moreover, technical advancement in automotive components industry like light weight engine covers, using advance methodology to utilize metal and plastics to reduce the cost of engine covers expected to provide various growth opportunities to the global automotive engine covers market. Mechanical parts and accessories of automobiles contribute to more than 56% of total automotive component industry. Mechanical parts such as filter, covers and brakes are the majority part of automobile components. In mechanical parts, engine covers constitute more than 20% share in global automotive components market.

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global automotive engine covers market outlook 1

Global Automotive Engine Covers Market Outlook 2024 | Insights, Trends, Demand & Competitors Analysis

  • Market Segmentation
  • By Vehicles Type
    • Light Commercial Vehicles (LCV)
    • Heavy Commercial vehicles (HCV)
    • Passenger Cars
  • By Material Type
    • Composites
    • Metals
    • Thermoplastics
    • Other
  • By End-User
    • Original Equipment Manufacturers (OEMs)
    • Aftermarket

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global automotive engine covers market outlook 2

Global Automotive Engine Covers Market Outlook 2024 | Insights, Trends, Demand & Competitors Analysis

  • Based on Geography
  • North America (US, Canada) {Market Share (%), Market Size (USD Million)}
  • Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Million)}
  • Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Million) }
  • Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Million) }
  • Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Million) }
  • Rest of the World{Market Share (%), Market Size (USD Million) }
global automotive engine covers market outlook 3

Global Automotive Engine Covers Market Outlook 2024 | Insights, Trends, Demand & Competitors Analysis

Market Size and Forecast (2016-2024)

The global automotive engine covers market accounted for USD 1.2 billion in 2015 owing to increased shipments across the globe and rising market of fuel cell electric vehicles. Global automotive engine covers market is projected to expand at compound annual growth rate of 5.9% over the forecast period i.e. 2016-2024 and expected to reach USD 1.9 billion by the end of 2024.

By end-users market, OEM segment projected to register compound annual growth rate of 3.7% over the forecast period. The aftermarket is expected to grow at slow pace during the forecast period.

Geographically, Asia-Pacific is the largest market for automotive engine covers. The region is also expected to witness highest growth during the forecast period owing to high automobile production. Europe is the prominent vendor of automotive engine covers, which is expected to grow at considerable rate over the forecast period. North-America is a mature market for the automobile industry with steady growth in automobile and automotive components. Increasing life span of automobile in United States expected to drive the growth of aftermarket automotive components sales in U.S.

global automotive engine covers market outlook 4

Global Automotive Engine Covers Market Outlook 2024 | Insights, Trends, Demand & Competitors Analysis

Global Automotive Engine covers Market Outlook 2024 contains detailed overview of the global automotive engine covers market in terms of market segmentation by application, by fuel cell types.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.

This market report also includes competitive outlook of some of the major players of the global automotive engine covers market which includes profiling of companies such as Magna International Inc., MAHLE GmbH, Toyoda Gosei Co., Ltd., Montaplast GmbH, Polytec Group, The Mondragon Cooperative Corporation (MCC), Rochling Group etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents comprehensive synopsis on the global automotive engine covers market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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global automotive engine covers market outlook 5

Global Automotive Engine Covers Market Outlook 2024 | Insights, Trends, Demand & Competitors Analysis

  • Scope Background
  • Market Synopsis
  • Market Segmentation
  • The global automotive engine covers market segmentation follows:
    • By Vehicle Type (Market Size, Demand Analysis and Growth Analysis)
    • By Material Type (Market Size, Demand Analysis and Growth Analysis)
    • By End Users Type (Market Size, Demand Analysis and Growth Analysis)
  • By Country
  • North America (U.S., Canada) {Market Size, Growth Analysis and Opportunity Analysis}
  • Latin America (Argentina, Mexico, Brazil and Rest of Latin America) {Market Size, Growth Analysis and Opportunity Analysis}
  • Europe (Germany, Italy, Spain, France, The U.K., Netherlands, Sweden, Hungary, Russia, Poland, Rest of Europe) {Market Size, Growth Analysis and Opportunity Analysis}
  • Asia-Pacific (China, India, Singapore, Japan, Australia, New Zealand, South Korea and Rest of Asia Pacific) {Market Size, Growth Analysis and Opportunity Analysis}
  • Middle East and North Africa (MENA) {Market Size, Growth Analysis and Opportunity Analysis}
  • Rest of World  {Market Size, Growth Analysis and Opportunity Analysis}

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global automotive engine covers market outlook 6

Global Automotive Engine Covers Market Outlook 2024 | Insights, Trends, Demand & Competitors Analysis

  • Market Dynamics: Growth Drivers, Restraints and Opportunities
    • Risk Factors
    • Regional Variations
    • Recent Trends and Developments
  • Key Market Players
    • Synopsis
    • Business Strategy
    • Product Portfolio
    • SWOT Analysis
  • Porter’s Five Force Model
  • Market Landscape: Competition and Beyond
  • Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem
  • Expert Analysis
  • Concluding Remarks

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global automotive engine covers market outlook 7

Global Automotive Engine Covers Market Outlook 2024 | Insights, Trends, Demand & Competitors Analysis

About Goldstein Research

Based in U.S., Goldstein Researchis a young business consulting and market research firm with vast reach across America, Asia and parts of Europe and the Middle East. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.

With 30+ domain experts and 50+ employees working day and night to crunch numbers and bring out the best and detailed market reports and forecasts, we strive to enable you to foresee upcoming market challenges and develop a robust business model and strategies, which would add to your profitability and market visibility as a brand.

Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts.

Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts.

global automotive engine covers market outlook 8

Global Automotive Engine Covers Market Outlook 2024 | Insights, Trends, Demand & Competitors Analysis

Sample Request

For more information Contact Us:

99 Wall Street, Suite No:- 527, New York, NY 10005

United States of America

+1-646-568-7747

+1-437-886-1181

Office No:- 504, 5th Floor, C-51, BSI Business Park, Sector-62, Noida, PIN:- 201301

India 

+44-203-318-6627

+91-120-473-0422,

+91-844-785-9968

www.goldsteinresearch.com

sales@goldsteinresearch.com

global automotive engine covers market outlook 9

Global Automotive Engine Covers Market Outlook 2024 | Insights, Trends, Demand & Competitors Analysis

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