Press release
Automotive Engine and Engine Mounts Market 2023: By Market Size, Share, Growth Rate, Major Drivers And Industry Forecast To 2032
Automotive Engine and Engine Mounts Market
The Business Research Company's Automotive Engine and Engine Mounts Global Market Report 2023 identifies rising production of passenger cars as the major driver for the Automotive Engine and Engine Mounts market's growth in the forecast period. A passenger car refers to a road motor vehicle, other than a motor cycle, intended for the carriage of passengers and designed to seat no more than nine persons. Adaptive engine mounts are a further development of hydro mounts and are primarily used to increase comfort in longitudinally mounted engines with high excitation potential in passenger cars.
The global automotive engine and engine mounts market size grew from $79.71 billion in 2022 to $86.68 billion in 2023 at a compound annual growth rate (CAGR) of 8.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of the automotive engine and engine mounts is expected to grow to $119.35 billion in 2027 at a CAGR of 8.3%.
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Major competitors in the Automotive Engine and Engine Mounts market are Mitsubishi Heavy Industries Ltd., Cummins Inc., Continental AG, Y-Tec India Pvt Ltd., Trinity Auto Engineering Pvt Ltd.
A key trend in the Automotive Engine and Engine Mounts market includes technological advancements. Major companies operating in the automotive engine and engine mount market are focused on developing new technological solutions to strengthen their position. For instance, in December 2020, Cummins, a US-based manufacturer of automotive engines and engine mounts, launched the X15 Efficiency series engine and the new EndurantTM HD powertrain for Freightliner trucks. X15 Efficiency series consists of The Acumen® advanced engine computing module and is the first connectivity-enabled engine by Cummins with unique features such as On-Ramp Boost, which makes use of GPS to recognize when a truck is approaching an on-ramp and applies predictive services and geographic data for better fuel efficiency
Read More On The Global Automotive Engine and Engine Mounts Market Report Here:
https://www.thebusinessresearchcompany.com/report/automotive-engine-and-engine-mounts-global-market-report
The Automotive Engine and Engine Mounts market is segmented -
• By Product Type: Elastomer Mounts, Active Hydraulic Mounts, Passive Hydraulic Mounts, Electrohydraulic Mounts
• By Fuel Type: Gasoline, Diesel, Hybrid, Natural Gas
• By Sales Channel: OEM, Aftermarket
• By End User: SUV, Sedan
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Europe was the largest region in the Automotive Engine and Engine Mounts market.
The Business Research Company's "Global Automotive Engine and Engine Mounts Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Automotive Engine and Engine Mounts Market Include:
1. Executive Summary
2. Automotive Engine and Engine Mounts Market Characteristics
3. Automotive Engine and Engine Mounts Market Trends And Strategies
4. Automotive Engine and Engine Mounts Market - Macro Economic Scenario
5. Automotive Engine and Engine Mounts Market Size And Growth
………………………………………………………………………….
26. Africa Automotive Engine and Engine Mounts Market
27. Automotive Engine and Engine Mounts Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive Engine and Engine Mounts Market
29. Automotive Engine and Engine Mounts Market Future Outlook and Potential Analysis
30. Appendix
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