Automotive Engine Encapsulation Market size worth $8 Bn by 2027
Published Date: February 22, 2021 Authors: Kiran Pulidindi, Akshay Prakash
Automotive Engine Encapsulation Market size is expected to exceed USD 8 billion by 2027, according to a new research report published by Global Market Insights, Inc.
The product offers heat storage capacity in the engine bay and helps to reduce CO2 emissions during the driving cycle and lower engine cool-down, propelling automotive engine encapsulation market expansion.
The increasing adoption of heat retention technologies in the engine bay for reducing carbon emission, improving fuel consumption, and vehicle acoustics simultaneously, is strongly contributing to the use of automotive engine encapsulation in vehicles. The market players are focusing on the development of high-performance and lightweight engine encapsulation solutions combined with active grille shutters, thereby improving fuel efficiency, reducing air resistance, and extending heat storage.
Get more details on this report - Request Free Sample PDF
Growing focus on thermal management and fuel efficiency standards
The increasing focus of many government authorities on lowering the carbon emissions from vehicles has led car manufacturers to adopt efficient thermal management systems, which include engine encapsulations and engine top covers or hood liners to reduce exterior noise emission, improving the overall fuel efficiency of vehicles. In 2019, the European Union countries approved a new setting for post-2020 CO2 emission performance standards for new light commercial and passenger vehicles, with an objective to decrease 23% of greenhouse gas emissions from road transport by 2030.
Browse key industry insights spread across 200 pages with 278 market data tables & 23 figures & charts from the report, “Automotive Engine Encapsulation Market Size By Product Type (Body Mounted, Engine Mounted), By Vehicle (Passenger Cars, Commercial Vehicle), By Material (Polypropylene, Polyurethane, Carbon Fiber) By Sales Channel (OEM, Aftermarket), Industry Analysis Report, Regional Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027” in detail along with the table of contents:
The commercial vehicle segment is projected to witness 3.4% CAGR in automotive engine encapsulation market through 2027. Countries that have major light commercial vehicle production hubs including the U.S., Canada, and Mexico are propelling the segment demand. The increasing implementation of engine encapsulation in pick-up trucks as it offers lower warm-up time, which is very effective during a cold start, particularly in the American countries, will further support industry growth. The superior demand for utility trucks and vans along with the expansion of emission norms for these vehicles will improve product penetration.
The polypropylene segment to bank upon superior noise insulation capability
Polypropylene material is likely to foresee more than 4% CAGR over 2021 to 2027 driven by various features of polypropylene, such as high thermal conductivity, superior noise insulation, and vibration absorption, that will stimulate the product size. Moreover, the product has high specific heat capacity that offers engine encapsulation to have a lower vibration and noise compared to other materials.
In 2020, Asia Pacific automotive engine encapsulation market valued at USD 2 Billion due to the presence of large automotive manufacturers. OEMs continue to adopt a wide array of advanced engine technologies for reducing the carbon footprint, and the average CO2 saving by the engine encapsulation is nearly 0.8% - 1.1% after a cool down period of 0 - 24 hours, thereby increasing product adoption and providing lucrative opportunities for revenue generation.
Some of the major manufacturers in the market are elringklinger, Autoneum, Woco Industrietechnik GmbH, Unitex India Pvt Ltd., SA Automotive, Adler Pelzer, DBW Advanced Fiber Technologies GmbH, Borgers SE & Co. KGaA, Bocholt, and UFP Technologies, Inc.
Explore More on Related Topics: