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(Transportation-News.com, December 12, 2018 )
Stratview Research announces the launch of a new research report on Automotive Engine Cover Market. This 260-page extensive report from Stratview Research, studies Automotive Engine Cover Market over the trend period of 2011 to 2016 and forecast period of 2017 to 2022. The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
This Automotive Engine Cover Market analysis has been segmented in four ways, keeping in mind the interest of all the stakeholders across the value chain.
• By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium- and Heavy-Duty Commercial Vehicle)- Passenger car is expected to remain the largest and fastest-growing segment.
• By Material Type (Metals, Composites, Thermoplastics, Others)- Composites are projected to remain the most dominant material type.
• By Manufacturing Process Type (Injection Molding, Casting, Others)- Injection molding is estimated to remain the most dominant manufacturing process of the engine covers market.
• By Region (North America, Europe, Asia-Pacific, Rest of the World)- Asia-Pacific is expected to remain the largest automotive engine cover market during the forecast period.
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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.
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.
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Ritesh Gandecha
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Source: EmailWire.Com
Source: EmailWire.com
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