Automotive Engine Oil Pan Market estimated to grow at impressive CAGR in the forecast period (2018-2023)

Summary:
The report on the Automotive Engine Oil Pan Market has been launched in Feb,2018 by Stratview Research is an all-inclusive report that talks about the market structure and growth in the forecast period of 2018-2023. The report also offers insights into different market segments and other factors affecting the market.

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Stratview Research’s report states about the segment-wise current market condition, and also offers an estimation about future growths. The report has been generated after accumulating data from various authenticated sources such as journals, white papers, fact book, etc. As per the estimation, Automotive Engine Oil Pan Market is expected to inflate at impressive CAGR by the forecast period (2018 – 2023).

As per the report, the market is segmented by:
• By Vehicle Type: Passenger Car, Light Commercial Vehicle, Medium- and Heavy-Duty Commercial Vehicle
• By Product Type: Structural Engine Oil Pans, Non-Structural Engine Oil Pans
• By Material Type: Aluminum Engine Oil Pans, Steel Engine Oil Pans, Composite Engine Oil Pans
• By Region: North America, Europe, Asia-Pacific, Rest of the World

The Table of Contents can be gone through here:
https://www.stratviewresearch.com/toc/301/Automotive-Engine-Oil-Pan-Market.html

Highlights of the Report:
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.

Key Players of the Market
The market is consolidated in nature with five major players Ahresty Corporation, Dana Incorporated, Eaton Corporation Plc, ElringKlinger AG, Mahle GmbH holding together the major share in the market, with Ahresty Corporation being the key player.
Other important firms are Mann+Hummel Group, Nemak, S.A.B. de C.V, Novares Group, Polytech Plastics, Minda KTSN Plastic Solutions GmbH & Co. KG

Features of the Report
The Report discusses about the working of the engine oil pan, the various types, and the growth of the engine oil pan in the global market. Here are the key features of the report:
• Strategic Segmentation
• Competitive Analysis
• Strategic Growth Opportunities
• Swot Analysis
• Key Players
• Forecast Analysis & Future Growth

For inquiries, Contact:
Ritesh Gandecha
Stratview Research
E-mail: sales@stratviewresearch.com
Direct: +1-313-307-4176

400 Renaissance Center, Suite 2600, Detroit, Michigan, MI 48243 United States of America

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Stratview Research is a global market research company and is known to offer custom research reports in varied fields such as aerospace & Defense, Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas. The team makes sure to have a deep research about the topics so that the most useful insights can be delivered to the professionals.

This release was published on openPR.