The global automotive engine encapsulation market is projected to grow at a CAGR of 6.13% during the forecast period, to reach USD 6.30 Billion by 2025. The market growth is primarily driven by the increase in demand for vehicles that produce less sound and the stringent emission norms for the automotive industry. Additionally, the growing demand for fuel-efficient and stylish vehicles is driving the automotive engine encapsulation market.
Expansion is the key strategy adopted by major players to gain traction in this market. For instance, in May 2017, Autoneum opened its North America headquarters in Novi (Michigan), USA, in close proximity to the companys Administrative and Technical Center in Detroit, which ensures close collaboration with its customers and suppliers. New product development is another key strategy adopted by major players to gain traction in this market. For e.g., Autoneum is innovating new and effective engine encapsulations with high performing materials such as Theta-Fiber Cell.
The automotive engine encapsulation market is dominated by a few global players. The key market players are Autoneum (Switzerland), Continental (Germany), Roechling (Germany), ElringKlinger (Germany), and Greiner (Austria).
Autoneum is one of the leading players in the engine encapsulation market for automotive. It is engaged in various new product development activities related to automotive engine encapsulations. For instance, in June 2017, Autoneum expanded its product portfolio for electric vehicles with Hybrid-Acoustics ECO+ for carpet systems, inner dashes, and floor insulators. This technology is based on a fibrous material that acts as an insulator or absorber depending on its stiffness, thus, ensuring optimum noise protection. Also, in October 2015, Autoneum supplemented its range of acoustic and thermal management solutions for vehicles with multifunctional engine covers made of a lightweight fiber-foam material, Theta-FiberCell and developed Prime-Light technology for inner dashes and floor insulators, which are designed to offer excellent shapeability and high acoustic performance.
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Continental is another leading player in the automotive engine encapsulation market. In 2017, Continental developed highly cost-effective enhanced engine encapsulations, ideal for the acoustic and thermal management of vehicles. Continental possesses modern test equipment, which includes an all-wheel roller dynamometer for vehicle acoustics, a test bench for thermal protection, fuel consumption, and emission measurement, and a wind tunnel for aerodynamic evaluation.
Automotive Engine Encapsulation Market by Product Type (Engine Mounted, Body Mounted), Material Type, Vehicle Class (Economic, Mid-Priced, Luxury), Fuel Type and Region (Asia Pacific, Europe, North America, Rest of The World) - Global Forecast to 2025
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