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    Automotive Engine Cover Market Size, Share & Forecast (2017-2022)

    Automotive Engine Cover Market Size, Share & Forecast (2017-2022)
    Report code - SRTI129 Published On : Jul,2017 No. of Pages: 260

    Automotive Engine Cover Market Size, Share, Trend, Forecast, & Competitive Analysis See more...

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    Automotive Engine Cover Market Insights

    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.

     

    Automotive Engine Cover Market Share Analysis

    Automotive Engine Cover Market Share by Vehicle Type

    The global automotive engine cover market is segmented based on vehicle type as the passenger car, light commercial vehicle, and medium & heavy-duty commercial vehicle. The passenger car is expected to remain the largest and fastest-growing segment of the automotive engine cover market during the forecast period of 2017 to 2022. The higher production of passenger cars and rising demand for lightweight engine covers are driving the growth of the segment over the next five years.

    Automotive Engine Cover Market Share by Material Type

    Based on the material type, the global automotive engine cover market is segmented as composites, metals, thermoplastics, and others. Composites are projected to remain the most dominant material type in the automotive engine cover market over the next five years. There has been a continuous shift from metals to composites because of their several advantages including lightweight, higher strength-to-weight ratio, higher heat resistance, and higher fatigue properties.

    Automotive Engine Cover Market Share by Manufacturing Process Type

    Based on the manufacturing process, the global automotive engine cover market is segmented as injection molding, casting, and others. Injection molding is estimated to remain the most dominant manufacturing process of the engine covers market in the automotive industry over the next five years. It is the most suitable process for manufacturing composites and thermoplastics-made engine covers. Injection molding process offers many benefits over competing processes, such as low part cycle time, ability to manufacture complex products, recyclability, good surface finish, lightweight, and an excellent strength-to-weight ratio.

    Regional Insights

    Based on regions, Asia-Pacific is expected to remain the largest automotive engine cover market during the forecast period. The region is also expected to experience the highest growth during the same period. High automobile production, the introduction of stringent government regulations, and high focus on passenger safety and fuel efficiency are some of the major factors driving the demand for the engine cover in Asia-Pacific region. Europe is expected to remain the second largest automotive engine cover market during the same period.

    Key Players

    The supply chain of this market comprises raw material suppliers, thermoplastic composite compounders, engine cover manufacturers, distributors, automotive OEMs, and dealers. The key automotive engine cover manufacturers are Magna International, Inc., MAHLE GmbH, Polytec Group, Miniature Precision Components, Inc., The Mondragón Cooperative Corporation (MCC), Montaplast GmbH, Rochling Group, and Toyoda Gosei Co., Ltd. Developing lightweight composite engine cover and forming long-term contracts with OEMs are the key strategies adopted by the major players to gain a competitive edge in the market.

     

    Research Methodology

    For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.

     

    Market Scope & Segmentation

    Research Scope

    Trend & Forecast Period

    2011-2022

    Size in 2022

    US$ 1,292.5 million

    Forecast

    3.2% CAGR during 2017-2022

    Regions Covered

    North America, Europe, Asia-Pacific, Rest of the World

    Countries/Subregions Covered

    The USA, Canada, Mexico, Germany, France, Italy, The UK, Russia, China, Japan, India, South Korea, Brazil, Argentina and Others

    Figures & Tables

    >150

    Customization

    Up to 10% customization available free of cost

     

    The market is segmented in the following ways:

    Automotive Engine Cover Market Size, Share & Forecast by Vehicle Type:

    • Passenger Car
    • Light Commercial Vehicle
    • Medium- & Heavy-Duty Commercial Vehicle

    Automotive Engine Cover Market Size, Share & Forecast by Material Type:

    • Metals
    • Composites
    • Thermoplastics
    • Others

    Automotive Engine Cover Market Size, Share & Forecast by Manufacturing Process Type:

    • Injection Molding
    • Casting
    • Others

    Automotive Engine Cover Market Size, Share & Forecast by Region:

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, Italy, The UK, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Country Analysis: Brazil, Argentina, and Others)

     

    Report Features

    This report, from Stratview Research, studies the global engine cover market in the automotive industry over the period 2017 to 2022. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.


    Frequently Asked Questions (FAQs)

    What is automotive engine cover?

    Automotive Engine Cover is designed for absorbing heat and reducing the heat that otherwise would have entered the bonnet of the vehicle. Plastic along with foam is one of the common materials used for the manufacturing of engine cover in order to absorb not only heat but also sound. Automotive Engine Cover is a part of all types of vehicles such as passenger, heavy-duty, and others. Currently, materials such as composites and thermoplastics are also being in use.

    What will be the size of the Automotive Engine Cover Market in the foreseeable years?

    Driven by a number of factors like organic growth in the automobile production owing to increasing disposable income and growing urbanization, the automotive engine cover market is projected to reach an estimated value of US$ 1,292.5 million in 2022.

    Which country/region is expected to witness the highest growth in the Automotive Engine Cover Market?

    In terms of region, Asia-Pacific is likely to witness the highest growth in the automotive engine cover market in the forecast period of 2017-22.

    Which type of material is dominant?

    Composites are projected to remain the most dominant material type in the automotive engine cover market over the next five years.

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