Automotive Engine Cover Market to Experience Rebound in Sales post COVID-19

The new report published by Stratview Research, titled Automotive Engine Cover Market, is Segmented by Vehicle Type (Passenger Car, Light Commercial Vehicle, and Medium & Heavy Duty Commercial Vehicle), by Material Type (Composites, Metals, Thermoplastics, and Others), by Manufacturing Process Type (Injection Molding, Casting, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)

COVID-19 Impact & Recovery:

The global automotive engine cover market was valued at US$ 1,077.7 million in 2016 and is likely to grow at a 3.2% CAGR over the next five years to reach US$ 1,292.5 million in 2022. The key factors driving the market are organic growth in the automobile production owing to increasing disposable income and growing urbanization; an advancement in the engine cover technology; and increasing demand for lightweight engine covers driven by the stringent government regulations, such as CAFÉ Standards.

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Research Methodology

This report offers actionable insights and is the outcome of an extensive study comprising of secondary research, primary interviews with industry stakeholders, validation and triangulation with Stratview Research’s internal database. Experts at Stratview Research have conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

The report also covers market structure, market environment analysis, market segment trend and forecast, competitive landscape and dynamics, attractive market segments and associated growth opportunities, emerging trends, strategic growth opportunities for the existing and new players, and key success factors.

Key Players:

Some of the key players in the Automotive Engine Cover Market mentioned in the report are –
• Magna International, Inc.
• MAHLE GmbH
• Polytec Group
• Miniature Precision Components, Inc.
• The Mondragón Cooperative Corporation (MCC)
• Montaplast GmbH
• Rochling Group
• Toyoda Gosei Co., Ltd.

Key Insights Presented in the Report:

- Market Drivers - After several interviews with the key players active in the Automotive Engine Cover Market, the researchers have listed down few factors that have majorly affected the growth of the key players. This can assist the users in formulating their growth strategies accordingly.

- Industry Life Cycle Analysis: The report consists of evolution of an industry or business based on its stages of growth and decline. The four phases of the industry life cycle that are covered in the study are the introduction, growth, maturity, and decline phases.

- Market Attractiveness – Taking into account the market size, and growth rate, and the level of competition and other constraints, the report also is aided with market attractiveness.

- Key success factors- KSFs refer to one of the crucial strategic tools. Correct understanding of the key success factors is a good base for a well-structured company differentiation. To help the user with proper development and execution of strategy.

Custom Research:

Stratview research delivers custom research services across the sectors. In case of any custom research requirements, please send your inquiry to sales@stratviewresearch.com. Or connect with our experts at +1-313-307-4176.

Report TOC Click Here: https://www.stratviewresearch.com/275/automotive-engine-cover-market.html

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Stratview Research is a global market research firm, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with insightful market data to aid strategic decision making. These exclusive reports are the result of extensive research and are available for key industries such as chemicals, composites, advanced materials, technology, renewable energy, and more.

This release was published on openPR.