Press release
Automotive Engine Cover Market Set to Reach US$ 1,292.50 Million by 2026, with a Steady CAGR of 3.2%
Automotive Engine Cover Market
The Global Automotive Engine Cover Market report aims to present a comprehensive analysis to industry stakeholders. The report provides past and current industry status, forecasted market size, and trends in simple and easily understandable language. It includes a dedicated study of key players, covering market leaders, followers, and new entrants.
The report employs PORTER, SVOR, and PESTEL analysis to examine the potential impact of micro-economic factors on the market. Both external and internal factors influencing the business positively or negatively have been analyzed, providing decision-makers with a clear and forward-looking view of the industry.
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What are Automotive Engine Cover Market Dynamics?
The growing focus of manufacturers on increasing average fuel economy and the global shift towards lightweight vehicles are key factors driving the growth of the automotive engine cover market. Additionally, the rising sales of internal combustion engine (IC) vehicles and the subsequent implementation of engine covers are fueling exponential growth in the market.
Prominent industry reports indicate that the engine covers market accounted for approximately US$ 1.2 billion in terms of market share. Furthermore, the increasing adoption of IC engine systems in passenger cars and the expanding manufacturing capabilities of major players are expected to drive market growth.
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Automotive Engine Cover Market Segmentation?
Composite Material Segment Dominates the Automotive Engine Cover Market:
Composite materials, which combine various metals or use carbon-based products, enhance material stability. While metal engine covers dominated the market before 1995 due to their malleability and high-pressure absorption capacity, carbon composite materials gained popularity after McLaren developed a Carbon composite chassis in 1998. Since then, the automotive industry has been captivated by carbon composite materials.
Casting Manufacturing Segment Boosts Automotive Engine Cover Market Sales:
Casting is the most dominant and widely used manufacturing process for engine covers, with approximately US$ 750 million market share. Casting provides high compressive strength to the material, allowing engine covers of any size to be produced, removing engine design constraints for engineers. Casting is also popular among manufacturers as an economic manufacturing method, making it a cost-cutting solution for engine manufacturers.
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Who are Automotive Engine Cover Market Key Players?
• DuPont
• MAHLE GmbH
• Toyoda Gosei Co. Ltd.
• Polytec Group Inc.
• Miniature Precision Components
• Toray Group
• Ascend Performance Materials
• Magna International LLC
• Montaplast GmbH
• Luxfer Group
• Rochling Group
• The Mondragon Cooperative Corporation
• DSM
• BASF AG
• Bugatti
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Table of content for the Automotive Engine Cover Market includes:
Global Automotive Engine Cover Market : Research Methodology
Global Automotive Engine Cover Market : Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Automotive Engine Cover Market : Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Global Automotive Engine Cover Market Segmentation
Global Market, by Type (2021-2029)
Global Market, by End-use (2021-2029)
Global Market, by Distribution Channel (2021-2029)
Global Regional Automotive Engine Cover Market (2021-2029)
Regional Market, by Type (2021-2029)
Regional Market, by End-use (2021-2029)
Regional Market, by Distribution Channel (2021-2029)
Regional Market, by Country (2021-2029)
Global Company Profile: Key players
Company Overview by Country
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
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Regional Insights:
The Asia Pacific holds the largest share in the Automotive Engine Cover market, accounting for approximately 45%. The region's increasing automobile production and emphasis on passenger safety contribute to market growth. China dominates the APAC region, holding approximately 52% market share, driven by robust manufacturing and sales activities, establishing China as a key automotive hub.
Europe is anticipated to be the fastest-growing region in the Automotive Engine Cover Market, with approximately 30% market share. The region's investments in automotive sector integration, stringent emission and safety norms, and Germany emerging as a prominent manufacturing hub are driving market growth.
North America holds the dominant share in the market due to high technological adoption and advanced infrastructure capabilities. In 2019, approximately 34 million units of automotive engine covers were sold in North America, reflecting the abundance of key players and efficient transportation capabilities of regional distributors and manufacturers.
Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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