Automotive Engine Oil Pan Market to reach US$ 2,161.2 million in 2023

Stratview Research has published a new research report on Automotive Engine Oil Pan Market. This extensive 205-page report by Stratview Research analyses the growth Automotive Engine Oil Pan Market over the trend period of 2012 to 2017 and forecast period of 2018 to 2023 under the following segments -
• By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium- and Heavy-Duty Commercial Vehicle)
• By Material Type (Aluminum Engine Oil Pans, Steel Engine Oil Pans, Composite Engine Oil Pans)
• By Product Type (Structural Engine Oil Pans, Non-Structural Engine Oil Pans)
• By Region (North America, Europe, Asia-Pacific, Rest of the World)

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Composite oil pans to replace traditional oil pans in the automotive industry
The global automotive engine oil pan market is projected to grow at a healthy rate over the next five years to reach US$ 2,161.2 million in 2023. Increasing global automotive production, introduction of stringent regulations regarding fuel efficiency and carbon emissions, and continuous replacement of traditional oil pans with lightweight composite oil pans are the major growth drivers of the global automotive engine oil pan market.

Passenger car is expected to remain the growth engine of the market
The global automotive engine oil pan market is segmented based on the vehicle type as Passenger Car, LCV (Light Commercial Vehicle) and M&HCV (Medium- and Heavy-Duty Commercial Vehicle). The passenger car is expected to remain the growth engine of the automotive engine oil pan market during the forecast period of 2018 to 2023. Increasing production of hatchbacks and SUVs especially in emerging economies, such as China and India, is the key factor, propelling the demand for engine oil pans in the segment.

Structural oil pan is expected to remain the most dominant product type
Based on the product type, the global automotive engine oil pan market is segmented as Structural Engine Oil Pan and Non-Structural Engine Oil Pan. Structural oil pan is expected to remain the most dominant product type in the market during the forecast period of 2018 to 2023. However, non-structural engine oil pan is likely to grow at a faster growth rate during the same period.

Aluminum is expected to remain the most dominant material
Based on the material type, the automotive engine oil pan market is segmented as Aluminum, Steel, and Composites. Aluminum is expected to remain the most dominant material type in the global automotive engine oil pan market during the forecast period. However, composite is expected to witness the highest growth during the same period, owing to an increasing demand for lightweight and high-performance engine oil pans in the industry.

Asia-Pacific is expected to remain the largest automotive engine oil pan market
Based on regions, Asia-Pacific is expected to remain the largest automotive engine oil pan market during the forecast period. The region is also expected to experience a healthy growth during the same period. High annual automobile production is primarily driving the demand for engine oil pans in the region. China is expected to maintain its dominance in the Asia-Pacific’s market over the next five years. The country is also the largest global market. Europe is expected to remain the second largest automotive engine oil pan market during the same period.

Major market players
The supply chain of this market comprises raw material suppliers, automotive engine oil pan manufacturers, distributors, automotive OEMs, and dealers. Major automotive engine oil pan manufacturers in the market are MAHLE GmbH; Dana Incorporated; Eaton Corporation Plc; ElringKlinger AG; Nemak, S.A.B. de C.V.; and Polytec Group. Development of optimized engine oil pan, regional expansion, and mergers & acquisitions are the key strategies adopted by major key players to gain a competitive edge in the market.

Why Stratview Research
Our report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
• Automotive Engine Oil Pan Market overview, industry life cycle analysis, supply chain analysis
• Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend (2012 – 2017) and forecast analysis (2018-2023) of each segment.
• Competitors’ market share, product portfolio and new launches.
• Growth opportunities in each segment.
• Emerging trends which will decide the future course of development.
• Strategic growth opportunities for the existing and new players
• Key success factors.

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