Automotive Engine Encapsulation Market Report 2019 – Global Forecast to 2023. Global Automotive Engine Encapsulation Market by Type (Engine-mounted and Body-mounted), Material (Carbon Fiber, Polypropylene, Polyurethane, Polyamide, and Others), Fuel (Petrol, Diesel, and Gasoline), Sales, Application (PV, LCV, HCV, and EV), Region.
Automotive engine encapsulation market has seen remarkable growth in the global market, and it has been observed that it is expected to register a CAGR of ~6.74%. Government regulation is becoming stricter which influences the sales of energy efficient components in the market. Hence, it is the primary driving factor for the global automotive engine encapsulation industry. Growing awareness about the environment and increase in demand for low noise vehicles will further drive the market.
The rapid growth in the sales of fuel-efficient and aerodynamically efficient vehicles is expected to create opportunities for the manufacturers of the engine encapsulation market. However, high investment on research and development regarding fuel-efficient components and finding a low-cost material for engine encapsulation are the major challenges for manufacturers. The high price of engine encapsulation and increasing demand for electric vehicles will slow down the growth of the global automotive engine encapsulation market.
The global automotive engine encapsulation market has been segmented by type, material, fuel, sales, application, and regions. On the basis of type, the market has been segmented by engine-mounted and body-mounted. On the basis of material, the sub-segments include carbon fiber, polypropylene, polyurethane, polyamide, and others. On the basis of fuel, the market has been segmented into petrol, diesel, and gasoline. On the bases of sales, the market has been segmented into OEM and aftermarket. On the basis of application, the market has been segmented into Passenger Vehicle (PV), Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV), and Electric Vehicle (EV).
The report for Global Automotive Engine Encapsulation Market of Market Research Future covers extensive primary research. This is accompanied with detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report gives a clear picture of the current market scenario, which includes the historical and forecasted market size, in terms of value and volume, technological advancement, macroeconomic, and governing factors of the market. The report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.
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