Engine Oil Pan Market in the automotive industry is Likely to Reach US$ 2,161.2 million in 2023

Launching announcement of a new research report on Automotive Engine Oil Pan Market which is projected to reach US$ 2,161.2 million by 2023 - forecasted by Stratview Research. The study provides an in-depth by Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium- and Heavy-Duty Commercial Vehicle), by Product Type (Structural and Non-Structural), by Material Type (Aluminum, Steel, and Composites), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2018-2023.

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Automotive Engine Oil Pan Market: Highlights
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.

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.

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.

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.

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.

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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.

Report Features
The report provides diverse market intelligence with maximum business value. It gives a condemnatory understanding of the market dynamics and enables strategic decision making for the existing market players as well as those willing to enter the market. The key features include the
->industry life cycle and the supply chain analysis of the market structure.
->SWOT analysis, Porter's five forces analysis and Growth Drivers and constraints.
->Market trend and the forecast analysis.
->Forecast of the market segment trend.
->Competitive landscape and dynamics of Market share, product portfolio, product launches, etc.
->Emerging trends of attractive market segments and associated growth opportunities
->Strategic growth opportunities for the existing and new players.

ABOUT US
Stratview Research is a global market intelligence firm offering a wide range of services including syndicated market reports, consulting, sourcing intelligence, and customer research.

We have a strong, experienced team of industry veterans and research analysts with a perfect blend of wisdom, knowledge and attitude. We have been serving multiple clients across a wide array of industries.
Our services cover a broad spectrum of industries including Energy, Chemicals, Advanced Materials, Automotive, and Aerospace. We provide research services at the global, regional as well as country level; key regions include Europe, APAC, NA, MEA, RoW.

We are a trusted brand in the research industry with the capability of commissioning complex projects within a short span of time with a high level of accuracy. At Stratview, we believe in building long-term relations with our clients.

To browse through our range of reports in the Automotive industry, refer to the following link:
https://www.stratviewresearch.com/market-reports/Automotive-Transportation.html

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This release was published on openPR.