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Automotive Engine and Engine Mounts Market Trends, Key Drivers, Opportunities, Leading Players And Forecast To 2033
Automotive Engine and Engine Mounts Market
As per the report, the automotive engine and engine mounts market size has grown strongly in recent years. It will grow from $87.07 billion in 2023 to $93.91 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The automotive engine and engine mounts market size is expected to see strong growth in the next few years. It will grow to $126.6 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%.
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Passenger Car Production Fuels Expansion In The Automotive Engine And Engine Mounts Market
The rising production of passenger cars is expected to propel the growth of automotive engine and engine mounts going forward. 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. For instance, in May 2022, according to Business Today, an India-based business magazine data, total passenger vehicle (PVs) sales in May 2022 rose 185% year-on-year (YoY) to 251,052 units. In May 2021, 88.04k passenger vehicle units have been sold. Therefore, the rising production of passenger cars is driving the growth of the automotive engine and engine mounts market.
Mclaren Automotive Ltd. Strategic Partnerships With Ricardo For Comprehensive Solutions
Major companies operating in automotive engine and engine mounts are adopting a strategic partnership approach to provide comprehensive solutions to their customers. Strategic partnerships refer to a process in which companies leverage each other's strengths and resources to achieve mutual benefits and success. For instance, in January 2023, McLaren Automotive, a UK-based luxury automotive manufacturer, partnered with Ricardo, a UK-based strategic environmental and engineering consulting company. With this partnership, they aim to manufacture its next-generation V8 power unit. Also, Ricardo and McLaren will make additional investments in Shoreham's high-performance engine production facility, with over 100 professional manufacturing engineers and technicians committed to delivering McLaren's high-performance powertrains.
The automotive engine and engine mounts market covered in this report is segmented -
1) By Product Type: Elastomer Mounts, Active Hydraulic Mounts, Passive Hydraulic Mounts, Electrohydraulic Mounts
2) By Fuel Type: Gasoline, Diesel, Hybrid, Natural Gas
3) By Sales Channel: OEM, Aftermarket
4) By End User: SUV, Sedan
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Major companies operating in the automotive engine and engine mounts market include Mitsubishi Heavy Industries Ltd., Cummins Inc., Continental AG, Y-Tec India Pvt Ltd, Trinity Auto Engineering Pvt Ltd, Scania AB, Hutchinson SA, Cooper Standard Automotive Inc, Trelleborg AB, Toyo Tire U.S.A. Corp, BWI Group, S M International, Sumitomo Riko Company Limited, Yamashita Rubber Co Ltd, WanLi Topshine, Hyundai Motor Company, Fiat Chrysler Automobiles, Roechling Group, Autoneum Holding AG, Trocellen Group, BASF SE, Johnson Matthey, Klarius Products Ltd., Umicore, Tenneco Inc., DCL International Inc., Ecocat India Pvt Ltd, N.E. CHEMCAT CORPORATION, Vibracoustic GmbH, Federal-Mogul LLC, Dana Holding Corporation, Mahle GmbH, BorgWarner Inc.
Contents of the report:
1. Executive Summary
2. Automotive Engine and Engine Mounts Market Report Structure
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
…..
27. Automotive Engine and Engine Mounts Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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