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Global Automotive Engine Covers market to Approach USD 1.9 Billion by 2024

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(Free Press Release) The global automotive engine covers market accounted for USD 1.2 billion in 2015 and further the market is estimated to reach USD 1.9 billion by the end 2024.

Global Automotive Engine Covers market to Approach USD 1.9 Billion by 2024


      

Rising demand of light weight and safe engine covers owing to growing need to reduce vehicle overall weight to provide fuel efficiency driving the growth of automotive engine covers market. Technical advancement to improve the flexibility and to provide better resistance from heat and noise are expected to provide boost to the global automotive engine cover market. Moreover, advance methodology to utilize plastics and other raw materials anticipated reduce the cost of engine covers will lift up the sales of engine covers. Global automotive engine cover market segmentation has been carried out on the basis of end-users such as original equipment manufacturers (OEMs) and aftermarket. Engine covers market is expected to grow significantly with automobile manufacturers owing to rising demand of automobiles across the globe. The global automotive engine covers market accounted for USD 1.2 billion in 2015 and further the market is estimated to reach USD 1.9 billion by the end 2024. Global fuel cells market is expected to expand at a CAGR of 5.9% over the forecast period i.e. 2016-2024. Geographically, Asia-Pacific is the dominant market for automotive engine covers owing to rising demand of automobiles in the region. Asia-Pacific region is closely followed by the Europe, due to presence of largest automotive industry in Germany and component manufacturers in Europe.

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Market Segmentation

· By Vehicles Type

o Light Commercial Vehicles (LCV)

o Heavy Commercial vehicles (HCV)

o Passenger Cars

· By Material Type

o Composites

o Metals

o Thermoplastics

o Other

· By End-User

o Original Equipment Manufacturers (OEMs)

o Aftermarket

· By Geography

o North America (US, Canada)

o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe)

o Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa)

o Latin America (Brazil, Mexico and Rest of Latin America)

o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific)

o Rest of the World

o

Global Automotive Engine covers Market Outlook 2024 contains detailed overview of the global automotive engine covers market in terms of market segmentation by application, by fuel cell types.

Further, for the in-depth analysis, the automotive engine cover market report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.

Global automotive engine cover market report also includes competitive outlook of some of the major players of the global automotive engine covers market which includes profiling of companies such as Magna International Inc., MAHLE GmbH, Toyoda Gosei Co., Ltd., Montaplast GmbH, Polytec Group, The Mondragon Cooperative Corporation (MCC), Rochling Group etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents comprehensive synopsis on the global automotive engine covers market trends that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

About Goldstein Research

Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions. Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Our analysts are working on Latest Automotive Industry Market Reports to help various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.

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Global Automotive Engine Covers market to Approach USD 1.9 Billion by 2024

Source: Press Release

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