Engine encapsulation slows motor cool-down and increases the likelihood of a high initial temperature at the next engine start, resulting in a shorter warm-up time and less friction between engine parts. The engine encapsulation is used to insulate the engine from the outside environment and retain heat in the engine after it has been turned off, offering high thermal and acoustic insulation.
The main types of products in engine encapsulation are body-mounted and engine-mounted. Body-mounted engine encapsulation refers to engine encapsulation on parts attached to the body, covering all sides of the engine. The different material types include polypropylene, polyurethane, polyamide, glass wool, and carbon fiber and involve several vehicle classes, such as economic, mid-priced, and luxury. The several fuel types include diesel and gasoline and are distributed through various channels such as original equipment manufacturer (OEM) and aftermarket.
The engine encapsulation market research report is one of a series of new reports that provides engine encapsulation market statistics, including engine encapsulation industry global market size, regional shares, competitors with an engine encapsulation market share, detailed engine encapsulation market segments, market trends and opportunities, and any further data you may need to thrive in the engine encapsulation industry. This engine encapsulation market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.
The engine encapsulation market size has grown strongly in recent years. It will grow from $5.7 billion in 2023 to $6.07 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to fuel efficiency concerns, noise, vibration, and harshness (nvh) reduction, emission control regulations, focus on aerodynamics in vehicle design.
The engine encapsulation market size is expected to see strong growth in the next few years. It will grow to $7.91 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to stricter emission standards, electrification of vehicles, integration with advanced cooling systems, continued emphasis on fuel efficiency, adoption of lightweight materials. Major trends in the forecast period include active engine encapsulation systems, integration with vehicle thermal management, sustainable and recyclable encapsulation materials, customization for electric vehicles, advanced computational simulations for optimal design.
The increase in demand for commercial vehicles is driving the growth of the engine encapsulation market. Commercial vehicles are used for the transportation of goods over long distances, increasing the need for better fuel efficiency. Commercial vehicles are used for the transportation of goods over long distances, increasing the need for better fuel efficiency. Engine encapsulation saves fuel and minimizes engine noise and heat transfer, making it an attractive solution for commercial vehicles. For example, in July 2022, according to Pandaily, a Beijing-based technology media company, the sales volume of commercial vehicles was 168,000, up 49.4% year-on-year. Also, in May 2021, demand for new commercial vehicles in Germany increased by 46.4% over the previous year. Hence, the increasing demand for commercial vehicles is expected to drive the growth of the engine encapsulation market in the forecast period.
The increase in demand for passenger vehicles in developing economies will support the growth of the engine encapsulation market going forward. The improved economic conditions, increased consumer disposable income and a desire for personal mobility in the face of public health concerns has led to a rise in demand for passenger vehicles. As more individuals sought out these vehicles for their convenience, comfort and advanced features, the demand for engine encapsulation also increased. For instance, according to the Society of Indian Automobile Manufacturers (SIAM), an India-based not-for-profit national body, total Passenger Vehicle Sales increased from 3,069,523 to 3,890,114 units. Sales of passenger cars also increased from 1,467,039 to 1,747,376, and vans 113,265 to 139,020 units, in FY-2022-23, compared to the previous year. Therefore, the surge in demand for passenger vehicles will support the growth of the engine encapsulation market.
New product innovation is a key trend gaining popularity in the market as companies in the engine encapsulation market. Major companies operating in the engine encapsulation sector are focused on developing new product innovations to strengthen their position. For instance, in February 2021, BASF, a Germany-based chemicals company, developed a new heat-stabilized Ultramid B3PG6 BK23238 for the high-temperature range. This new polyamide has been reinforced with 30% glass fibers, offers a unique heat resistance of up to 190 °C, and prevents galvanic corrosion on electrical components. It is known to exhibit excellent thermal ageing performance and vibration in internal combustion engines, hybrids, or electric vehicles (EV).
Companies operating in the engine encapsulation market are focusing on new technological innovations, such as AI-based aircraft engine analysis tool to reinforce their position. An AI-based aircraft engine analysis tool is a computer vision product that operates on top of the Awiros Video Intelligence Operating System (OS) and is designed to automate the inspection of aircraft engines. For example, in June 2023, Pratt & Whitney, a US-based aerospace manufacturer, in collaboration with Awiros, an Indian provider of video intelligence analytics software solutions for retailers, launched an advanced AI-based aircraft engine analysis tool called Percept, which automates inspection and reduces time by approximately 90%. The tool is a computer vision product that operates on top of the Awiros Video Intelligence Operating System (OS). Its a cloud-based interface allows users to capture images and videos of engines on mobile devices and receive real-time responses on parts availability, which enables a faster and more cost-efficient turnaround of leased engine assets.
In April 2022, Cummins Inc., a US-based engine, filtration, and power generation products company, acquired Jacobs Vehicle Systems (JVS) for an undisclosed amount. Through this acquisition, Cummins gains access to JVS’s strong product portfolio and adds new technologies to provide growth opportunities for Cummins’ current and future advanced diesel engine platforms. Jacobs Vehicle Systems is a US-based company that develops and manufactures engine braking, cylinder deactivation, start and stop, and thermal management technologies.
Major companies operating in the in the engine encapsulation market report are ElringKlinger AG, Autoneum Holding AG, Continental AG, Roechling Group, Greiner Foam International GmbH, Trocellen GmbH, Adler Pelzer Holding GmbH, BASF SE, Furukawa Electric Co. Ltd., Evonik Industries AG, Hennecke GmbH, Compagnie de Saint-Gobain S. A., UFP Technologies Inc., Polytec Group, DBW Advanced Fiber Technologies GmbH, ZF Friedrichshafen AG, GKN plc, Schaeffler Technologies AG & Co KG, BorgWarner Inc., AVL List GmbH, Axletech International, Dana Limited, Woco Industrietechnik GmbH, 3M Company, SA Automotive Ltd, Charlotte Baur Formschaumtechnik GmbH, Carcoustics International GmbH, Uniproducts Inc., UGN Inc., Robert Bosch GmbH
Asia-Pacific was the largest region in the engine encapsulation market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the engine encapsulation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the engine encapsulation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
The engine encapsulation market consists of sales of engine encapsulation made of polyamide and glasswool. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The main types of products in engine encapsulation are body-mounted and engine-mounted. Body-mounted engine encapsulation refers to engine encapsulation on parts attached to the body, covering all sides of the engine. The different material types include polypropylene, polyurethane, polyamide, glass wool, and carbon fiber and involve several vehicle classes, such as economic, mid-priced, and luxury. The several fuel types include diesel and gasoline and are distributed through various channels such as original equipment manufacturer (OEM) and aftermarket.
The engine encapsulation market research report is one of a series of new reports that provides engine encapsulation market statistics, including engine encapsulation industry global market size, regional shares, competitors with an engine encapsulation market share, detailed engine encapsulation market segments, market trends and opportunities, and any further data you may need to thrive in the engine encapsulation industry. This engine encapsulation market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.
The engine encapsulation market size has grown strongly in recent years. It will grow from $5.7 billion in 2023 to $6.07 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to fuel efficiency concerns, noise, vibration, and harshness (nvh) reduction, emission control regulations, focus on aerodynamics in vehicle design.
The engine encapsulation market size is expected to see strong growth in the next few years. It will grow to $7.91 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to stricter emission standards, electrification of vehicles, integration with advanced cooling systems, continued emphasis on fuel efficiency, adoption of lightweight materials. Major trends in the forecast period include active engine encapsulation systems, integration with vehicle thermal management, sustainable and recyclable encapsulation materials, customization for electric vehicles, advanced computational simulations for optimal design.
The increase in demand for commercial vehicles is driving the growth of the engine encapsulation market. Commercial vehicles are used for the transportation of goods over long distances, increasing the need for better fuel efficiency. Commercial vehicles are used for the transportation of goods over long distances, increasing the need for better fuel efficiency. Engine encapsulation saves fuel and minimizes engine noise and heat transfer, making it an attractive solution for commercial vehicles. For example, in July 2022, according to Pandaily, a Beijing-based technology media company, the sales volume of commercial vehicles was 168,000, up 49.4% year-on-year. Also, in May 2021, demand for new commercial vehicles in Germany increased by 46.4% over the previous year. Hence, the increasing demand for commercial vehicles is expected to drive the growth of the engine encapsulation market in the forecast period.
The increase in demand for passenger vehicles in developing economies will support the growth of the engine encapsulation market going forward. The improved economic conditions, increased consumer disposable income and a desire for personal mobility in the face of public health concerns has led to a rise in demand for passenger vehicles. As more individuals sought out these vehicles for their convenience, comfort and advanced features, the demand for engine encapsulation also increased. For instance, according to the Society of Indian Automobile Manufacturers (SIAM), an India-based not-for-profit national body, total Passenger Vehicle Sales increased from 3,069,523 to 3,890,114 units. Sales of passenger cars also increased from 1,467,039 to 1,747,376, and vans 113,265 to 139,020 units, in FY-2022-23, compared to the previous year. Therefore, the surge in demand for passenger vehicles will support the growth of the engine encapsulation market.
New product innovation is a key trend gaining popularity in the market as companies in the engine encapsulation market. Major companies operating in the engine encapsulation sector are focused on developing new product innovations to strengthen their position. For instance, in February 2021, BASF, a Germany-based chemicals company, developed a new heat-stabilized Ultramid B3PG6 BK23238 for the high-temperature range. This new polyamide has been reinforced with 30% glass fibers, offers a unique heat resistance of up to 190 °C, and prevents galvanic corrosion on electrical components. It is known to exhibit excellent thermal ageing performance and vibration in internal combustion engines, hybrids, or electric vehicles (EV).
Companies operating in the engine encapsulation market are focusing on new technological innovations, such as AI-based aircraft engine analysis tool to reinforce their position. An AI-based aircraft engine analysis tool is a computer vision product that operates on top of the Awiros Video Intelligence Operating System (OS) and is designed to automate the inspection of aircraft engines. For example, in June 2023, Pratt & Whitney, a US-based aerospace manufacturer, in collaboration with Awiros, an Indian provider of video intelligence analytics software solutions for retailers, launched an advanced AI-based aircraft engine analysis tool called Percept, which automates inspection and reduces time by approximately 90%. The tool is a computer vision product that operates on top of the Awiros Video Intelligence Operating System (OS). Its a cloud-based interface allows users to capture images and videos of engines on mobile devices and receive real-time responses on parts availability, which enables a faster and more cost-efficient turnaround of leased engine assets.
In April 2022, Cummins Inc., a US-based engine, filtration, and power generation products company, acquired Jacobs Vehicle Systems (JVS) for an undisclosed amount. Through this acquisition, Cummins gains access to JVS’s strong product portfolio and adds new technologies to provide growth opportunities for Cummins’ current and future advanced diesel engine platforms. Jacobs Vehicle Systems is a US-based company that develops and manufactures engine braking, cylinder deactivation, start and stop, and thermal management technologies.
Major companies operating in the in the engine encapsulation market report are ElringKlinger AG, Autoneum Holding AG, Continental AG, Roechling Group, Greiner Foam International GmbH, Trocellen GmbH, Adler Pelzer Holding GmbH, BASF SE, Furukawa Electric Co. Ltd., Evonik Industries AG, Hennecke GmbH, Compagnie de Saint-Gobain S. A., UFP Technologies Inc., Polytec Group, DBW Advanced Fiber Technologies GmbH, ZF Friedrichshafen AG, GKN plc, Schaeffler Technologies AG & Co KG, BorgWarner Inc., AVL List GmbH, Axletech International, Dana Limited, Woco Industrietechnik GmbH, 3M Company, SA Automotive Ltd, Charlotte Baur Formschaumtechnik GmbH, Carcoustics International GmbH, Uniproducts Inc., UGN Inc., Robert Bosch GmbH
Asia-Pacific was the largest region in the engine encapsulation market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the engine encapsulation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the engine encapsulation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
The engine encapsulation market consists of sales of engine encapsulation made of polyamide and glasswool. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Engine Encapsulation Market Characteristics3. Engine Encapsulation Market Trends And Strategies31. Global Engine Encapsulation Market Competitive Benchmarking32. Global Engine Encapsulation Market Competitive Dashboard33. Key Mergers And Acquisitions In The Engine Encapsulation Market
4. Engine Encapsulation Market - Macro Economic Scenario
5. Global Engine Encapsulation Market Size and Growth
6. Engine Encapsulation Market Segmentation
7. Engine Encapsulation Market Regional And Country Analysis
8. Asia-Pacific Engine Encapsulation Market
9. China Engine Encapsulation Market
10. India Engine Encapsulation Market
11. Japan Engine Encapsulation Market
12. Australia Engine Encapsulation Market
13. Indonesia Engine Encapsulation Market
14. South Korea Engine Encapsulation Market
15. Western Europe Engine Encapsulation Market
16. UK Engine Encapsulation Market
17. Germany Engine Encapsulation Market
18. France Engine Encapsulation Market
19. Italy Engine Encapsulation Market
20. Spain Engine Encapsulation Market
21. Eastern Europe Engine Encapsulation Market
22. Russia Engine Encapsulation Market
23. North America Engine Encapsulation Market
24. USA Engine Encapsulation Market
25. Canada Engine Encapsulation Market
26. South America Engine Encapsulation Market
27. Brazil Engine Encapsulation Market
28. Middle East Engine Encapsulation Market
29. Africa Engine Encapsulation Market
30. Engine Encapsulation Market Competitive Landscape And Company Profiles
34. Engine Encapsulation Market Future Outlook and Potential Analysis
35. Appendix
Executive Summary
Engine Encapsulation Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on engine encapsulation market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- All data from the report will also be delivered in an excel dashboard format.
Description:
Where is the largest and fastest growing market for engine encapsulation? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
Scope
- Markets Covered: 1) By Product Type: Engine-Mounted; Body-Mounted 2) By Material: Polypropylene; Polyurethane; Carbon fiber; Other Materials 3) By Fuel Type: Gasoline; Diesel 4) By Vehicle Class: Economic Light-Duty Vehicles; Mid-Priced Light-Duty Vehicles; Luxury Light-Duty Vehicles 5) By Sales Channel: Original Equipment Manufacturer (OEM); Aftermarket
- Companies Mentioned: ElringKlinger AG; Autoneum Holding AG; Continental AG; Roechling Group; Greiner Foam International GmbH
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- ElringKlinger AG
- Autoneum Holding AG
- Continental AG
- Roechling Group
- Greiner Foam International GmbH
- Trocellen GmbH
- Adler Pelzer Holding GmbH
- BASF SE
- Furukawa Electric Co. Ltd.
- Evonik Industries AG
- Hennecke GmbH
- Compagnie de Saint-Gobain S. A.
- UFP Technologies Inc.
- Polytec Group
- DBW Advanced Fiber Technologies GmbH
- ZF Friedrichshafen AG
- GKN plc
- Schaeffler Technologies AG & Co KG
- BorgWarner Inc.
- AVL List GmbH
- Axletech International
- Dana Limited
- Woco Industrietechnik GmbH
- 3M Company
- SA Automotive Ltd
- Charlotte Baur Formschaumtechnik GmbH
- Carcoustics International GmbH
- Uniproducts Inc.
- UGN Inc.
- Robert Bosch GmbH
Methodology
LOADING...