Increasing Demand For Aftermarket Vehicular Solutions To Augment Automotive Engine Encapsulation Market Size By 2027

The automotive engine encapsulation market is projected to be driven by the need for efficient thermal insulation solutions for engine bay by automakers. Integration of such thermal solutions can help reduce carbon emissions, noise, and enhance vehicle fuel efficiency. Car manufacturers are extensively focusing on improving their engine design, which is inciting the need for more efficient & higher temperature insulation materials that provide better heat protection and can lower vibration.

Manufacturers and suppliers operating in the automotive engine encapsulation industry are making efforts to improve their offerings by utilizing materials that have high specific thermal conductivity, heat capacity, and reflectivity & emissivity. Firms are capitalizing on growing their production capacity. For instance, in 2018, Dana Limited opened its new manufacturing facility in China. This innovative manufacturing facility was developed to produce thermal management solutions for new energy & conventional vehicles.

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As per a report published by Global Market Insights, the automotive engine encapsulation market is projected to surpass USD 8 billion by 2027.

APAC is estimated to be a major contributor to this growth owing to presence of large automotive production facilities across countries like India, Japan, and China. Meanwhile, the automotive engine encapsulation market of Europe is expected to witness lucrative growth on the back of stringent regulations rolled out to reduce carbon emissions.
Countries like Spain, Russia, and Germany have some of the world’s leading automakers that house large scale automotive production facilities. Based on these factors, it is estimated that the Europe automotive engine encapsulation market may record up to 3.5% CAGR over the estimated timeframe of 2021 to 2027.

Engine mounted encapsulation exhibits higher efficiency and lower cost as it is closer to the heat and noise source and only requires the need to insulate a smaller surface area. On the other hand, aftermarket engine encapsulation market is estimated to grow at a decent rate during the estimated timeframe. This engine encapsulation can help lower up to 40% - 60% of vibration, noise, and radiant heat generated from vehicle engine.

The need to better reduce vibration, heat, and noise generated from the vehicle could make aftermarket engine encapsulation an ideal solution. Growth of the aftermarket segment also depends on customer preference towards solutions that offer lower cost and are of higher quality.

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However, the COVID-19 pandemic has impacted the automotive engine encapsulation market severely. Due to severe lockdowns and restrictions imposed by governments globally, automotive production has adversely been affected. With this, overall sales of the automotive engine encapsulation could likely be impacted in the year 2021.

Table of Contents (ToC) of the report:

Chapter 1 Methodology and Scope
1.1 Market definitions
1.2 Base estimation & working
1.2.1 North America
1.2.2 Europe
1.2.3 Asia Pacific (APAC)
1.2.4 Latin America (LATAM)
1.2.5 Middle East & Africa (MEA)
1.3 Forecast calculations
1.3.1 COVID-19 impact calculations on industry forecast
1.4 Data Sources
1.4.1 Primary
1.4.2 Secondary

Chapter 2 Executive Summary
2.1 Automotive engine encapsulation industry 360° synopsis, 2017 - 2027
2.1.1 Business trends
2.1.2 Product trends
2.1.3 Vehicle trends
2.1.4 Material trends
2.1.5 Sales channel trends
2.1.6 Regional trends

Chapter 3 Automotive engine encapsulation Industry Insights
3.1 Industry segmentation
3.2 COVID-19 impact on automotive engine encapsulation industry
3.3 Industry ecosystem analysis
3.3.1 Raw material supply
3.3.2 Value addition at each stage
3.3.3 Vendor matrix
3.3.3.1 List of key raw material suppliers
3.3.3.2 List of key automotive engine encapsulation manufactures
3.3.3.3 List of key/potential customers

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About Global Market Insights, Inc.
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

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