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Automotive Engine and Engine Mounts Market: Major Trends Reshaping the Future of the Industry
Automotive Engine and Engine Mounts
What Will the Automotive Engine and Engine Mounts Industry Market Size Be by 2025?
In recent times, there has been a significant growth in the market size of automotive engines and engine mounts. The market is projected to increase from $92.33 billion in 2024 to $97.25 billion in 2025, marking a compound annual growth rate (CAGR) of 5.3%. The preceding growth can be traced back to factors such as governmental regulations, globalization, an increase in disposable income, and a surge in the demand for commercial vehicles.
What's the Long-Term Growth Forecast for the Automotive Engine and Engine Mounts Market Size Through 2029?
Expect a robust expansion in the automotive engine and engine mounts market in the forthcoming years, with its worth projected to reach $128.36 billion by 2029, growing at a compound annual growth rate (CAGR) of 7.2%. Factors anticipated to drive this growth during the forecast period are the adoption of electric vehicles (EVs), an increase in autonomous vehicles, emission protocols, trade accords, and overall global market growth. Noteworthy trends during this forecast period include the development of advanced combustion technologies, the integration of connectivity and IoT, the promotion of sustainable and renewable fuels, the advancement of emission reduction technologies, and the utilization of 3D printing and additive manufacturing.
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What Are the Key Growth Drivers Fueling the Automotive Engine and Engine Mounts Market Expansion?
The growth of automotive engine and engine mounts is anticipated to be boosted by the increasing production of passenger cars. A passenger car is defined as a road vehicle that, apart from a motorcycle, is built for transporting passengers and can comfortably accommodate up to nine people. Advanced engine mounts, which are a more sophisticated version of hydro mounts, are primarily used in longitudinally mounted engines in passenger cars, mainly to boost their comfort level. Business Today, a business magazine based in India, reported in May 2022 that the total sales of passenger vehicles (PVs) for the month had seen a 185% year-on-year (YoY) increase, selling 251,052 units. In contrast, in May 2021, sales figures stood at 88.04k passenger vehicle units. Hence, the increasing production and sales of passenger cars are fueling the expansion of the automotive engine and engine mounts market.
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Which Emerging Trends Are Transforming the Automotive Engine and Engine Mounts Market in 2025?
Leading enterprises in the automotive engine and engine mounts industry are opting for strategic collaborations in order to offer holistic solutions to their clientele. The term 'strategic partnerships' denotes a process where companies utilize each other's assets and advantages for shared benefits and achievement. For example, in January 2023, McLaren Automotive, a luxury car producer based in the UK, formed a strategic alliance with Ricardo, an environmental and engineering consulting firm also based in the UK. The aim of this collaboration is to produce its upcoming V8 power unit. Furthermore, both Ricardo and McLaren intend to surge investments in Shoreham's hi-tech engine manufacturing facility, enlisting over 100 expert manufacturing engineers and technicians dedicated to the production of McLaren's high-performance powertrains.
How Is the Automotive Engine and Engine Mounts Market Segmented?
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
Subsegments:
1) By Elastomer Mounts: Natural Rubber Mounts, Synthetic Rubber Mounts, Polymer Mounts
2) By Active Hydraulic Mounts: Electrically Controlled Active Mounts, Adaptive Hydraulic Mounts
3) By Passive Hydraulic Mounts: Conventional Hydraulic Mounts, Tuned Hydraulic Mounts
4) By Electrohydraulic Mounts: Electrically Tuned Mounts, Sensor-Based Electrohydraulic Mounts
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Which Companies Are Leading the Charge in Automotive Engine and Engine Mounts Market Innovation?
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.
Which Regions Are Leading the Global Automotive Engine and Engine Mounts Market in Revenue?
Europe was the largest region in the automotive engine and engine mounts market in 2024. The regions covered in the automotive engine and engine mounts market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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