Market Size of Automotive Engine Encapsulation Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 6.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Automotive Engine Encapsulation Market Analysis
The automotive engine encapsulation market was valued at USD 6.2 billion in 2021 and is expected to reach USD 8.4 billion while registering a CAGR of over 6% during the forecast period 2022-2027.
The COVID-19 pandemic resulted in negative growth for the already struggling automotive sector owing to lockdowns and shutdowns, which halted the demand for vehicles for a few months in the first half of 2020. However, the market is expected to return to normalcy as economies slowly recover.
Throughout the forecast period, the key factor driving the automotive engine encapsulation market will be stringent government pollution management regulations. The importance of automobile engine encapsulation will expand as governments worldwide establish stricter pollution standards and plan to set even higher emissions restrictions over the coming years.
Due to many benefits, such as lower CO2 emissions and less airborne noise, demand for automobile engine encapsulation is predicted to rise throughout the forecast period. Engine encapsulation was formerly only available in luxury automobiles, but this feature is increasingly being offered in lower-end vehicles as well to fulfill the rigorous noise emission standards. Engine encapsulation improves vehicle fuel efficiency by allowing the engine and oils and lubricants to reach a higher beginning temperature, which is why most manufacturers include it in their cars. Due to the lack of traditional engines in electric cars, the automotive engine encapsulation market is projected to be restrained.
