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Automotive Engine Encapsulation Market Size
Automotive Engine Encapsulation Market size valued at USD 6 billion in 2020 and is estimated to exhibit 4.5% CAGR from 2021 to 2027. The automotive engine encapsulation insulates the engine from the exterior environment and retains heat from the engine after it switches off, decelerating engine cool-down and increasing the possibility for high initial temperature at successive engine start. This results in shorter warm-up and also reduces the wear & tear between engine components and fuel consumption during engine warm-up, driving the industry growth.
Many automotive engine encapsulation companies are focusing on product innovations, such as developing materials, that have higher heat resistance and also fulfil the standards laid by various government authorities worldwide. Moreover, stringent exhaust emission regulations adopted by several countries provide opportunities for automotive engine encapsulation manufacturers. Automotive engine encapsulation is fuel-efficient and reduces noise from the engine and heat transfer compared to non-automotive engine encapsulation vehicles, thereby automotive manufacturers are adopting automotive engine encapsulation.
Report Attributes | Details |
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Base Year: | 2020 |
Market Size in 2020: | 6,080.5 Million (USD) |
Forecast Period: | 2021 to 2027 |
Forecast Period 2021 to 2027 CAGR: | 4.5% |
2027 Value Projection: | 8,167.5 Million (USD) |
Historical Data for: | 2017 to 2020 |
No. of Pages: | 200 |
Tables, Charts & Figures: | 301 |
Segments covered: | Product, Vehicle , Material , Sales Channel and Region |
Growth Drivers: |
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Pitfalls & Challenges: |
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Automotive Engine Encapsulation Market Analysis
The passenger cars segment is expected to generate around USD 5 billion by 2027 driven by increasing passenger car sales in the past few years and demand from the aftermarket sector. In emerging countries, including India, Indonesia, and Mexico, the potential for sales of engine encapsulation is enormous as the proportion of passenger cars fitted with thermal acoustics and NVH systems are increasing significantly. Moreover, the increasing penetration of thermal acoustics and NVH systems in vans and pick-up trucks is anticipated to create a significant automotive engine encapsulation market demand.
The increased sales of luxury cars will lead to a larger demand for automotive engine encapsulation, which is used as a passive treatment against the heat and noise generated by the car engine. The product also helps to extend the engine cooling time nearly 4 to 5 times when compared to its conventional design, which will significantly impact the fuel consumption of commercial & passenger vehicles.
The automotive engine encapsulation market from engine mounted product type is likely to witness more than 4.5% CAGR from 2021 to 2027 owing to its lower cost and ease of installation. The most significant functions of engine encapsulation in automotive vehicles are to reduce noise, lower fuel consumption during engine warm-up, extend the engine cooling time from heat generated by the engine, and provide optimal temperature inside the cabin. The automotive engine encapsulation is conventionally designed to efficiently succeed convective, radiant, and conductive heat from the automotive vehicle engine.
In 2020, the OEM segment captured over 90% of the automotive engine encapsulation market share. The rising automotive production globally to encounter the increasing demand is enhancing the segment growth. According to the Green Mobility Report by the World Bank, around an added 1.2 billion automotive vehicles will be running on road by the end of 2030, which is projected to provide significant opportunities for manufacturers to take advantage of innovative technologies to reduce noise, emissions, and enhance fuel efficiency along the way.
Carbon fiber material segment is poised to exceed USD 1 billion by 2027 propelled by superior material properties including low coefficient of thermal expansion and high temperature resistance. Carbon fiber is gaining recognition in the market due to the ease of molding and lightweight properties.
The polypropylene segment held a significant market share impelled by high flowability of polyurethane components in Reaction Injection-Molding (RIM). The process supports even distribution of raw materials and superior product finishing stimulating volume growth over 2021 to 2027. It also caters to increased corrosion resistance and high cabin insulation.
North America is predicted to account for around 20% of the automotive engine encapsulation market share in 2027. Large automotive production and vehicle fleet in the region is fueling the industry demand. In 2019, automotive production in the U.S. was nearly 11.3 million, moreover, the OEMs are adopting a wide array of advanced fuel-efficient technologies, such as thermal acoustics and NVH systems. Furthermore, the growing competitiveness owing to the presence of comprehensive market participants will positively influence the regional growth.
Automotive Engine Encapsulation Market Share
The industry is a highly competitive with the presence of large market players worldwide. Manufacturers are involved in collaboration with OEMs to gain a competitive advantage over other companies. For instance, BASF and Hyundai R&D engineers have jointly developed thermal engine encapsulation for their vehicles. Technological advancements are likely to have a huge impact on industry development.
Some of the key automotive engine encapsulation market participants are:
- elringklinger
- Autoneum
- Woco Industrietechnik GmbH
- Unitex India Pvt Ltd
- SA Automotive
- Adler Pelzer
- DBW Advanced Fiber Technologies GmbH
- Borgers SE & Co. KGaA
- Bocholt
- UFP Technologies, Inc.
Some of the key strategies adopted by these manufacturers are expansion of production facilities and investment in R&D and new product development.
The market research report on automotive engine encapsulation includes in-depth coverage of the industry with estimates & forecast in terms of volume in Thousand Units and revenue in USD million from 2017 to 2027 for the following segments
Market, by Product
- Body Mounted
- Engine Mounted
Market, by Vehicle
- Passenger Cars
- Commercial Vehicle
Market, by Material
- Polypropylene
- Polyurethane
- Carbon fiber
- Others
Market, by Sales Channel
- OEM
- Aftermarket
The above information is provided on a regional and country basis for the following:
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- Italy
- Spain
- U.K
- Russia
- Poland
- Asia Pacific
- China
- India
- Japan
- Malaysia
- South Korea
- Indonesia
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa
- Turkey
- South Africa
- Iran
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