Home > Automotive > Automotive Technology > Automotive Engine Encapsulation Market
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 Attribute | Details |
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Base Year: | 2020 |
Automotive Engine Encapsulation 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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