Overview and Scope
The automotive engine and engine mounts refer to the frame of the car engine that holds the engine and transmission in place and doesn’t require regular maintenance. It is employed to dampen vibrations that are caused by operating machines and to support the motor. It is used for reducing vibrations and making the ride much smoother.
Sizing and Forecast
The automotive engine and engine mounts market size has grown strongly in recent years. It will grow from $87.07 billion in 2023 to $93.91 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to government regulations, globalization, rise in disposable income, rise in demand for commercial vehicles.
The automotive engine and engine mounts market size is expected to see strong growth in the next few years. It will grow to $126.6 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to electric vehicle (ev) adoption, rise in autonomous vehicles, emission regulations, trade agreements, global market growth. Major trends in the forecast period include advanced combustion technologies, connectivity and iot, sustainable and renewable fuels, emission reduction technologies, 3d printing and additive manufacturing.
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Segmentation & Regional Insights
The automotive engine and engine mounts market covered in this report is segmented –
1) By Product Type: Elastomer Mounts, Active Hydraulic Mounts, Passive Hydraulic Mounts, Electrohydraulic Mounts
2) By Fuel Type: Gasoline, Diesel, Hybrid, Natural Gas
3) By Sales Channel: OEM, Aftermarket
4) By End User: SUV, Sedan
Europe was the largest region in the automotive engine and engine mounts market in 2023. The regions covered in the automotive engine and engine mounts market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The rising production of passenger cars is expected to propel the growth of automotive engine and engine mounts going forward. A passenger car refers to a road motor vehicle, other than a motor cycle, intended for the carriage of passengers and designed to seat no more than nine persons. Adaptive engine mounts are a further development of hydro mounts and are primarily used to increase comfort in longitudinally mounted engines with high excitation potential in passenger cars. For instance, in May 2022, according to Business Today, an India-based business magazine data, total passenger vehicle (PVs) sales in May 2022 rose 185% year-on-year (YoY) to 251,052 units. In May 2021, 88.04k passenger vehicle units have been sold. Therefore, the rising production of passenger cars is driving the growth of the automotive engine and engine mounts market.
Key Industry Players
Major companies operating in the automotive engine and engine mounts market include Mitsubishi Heavy Industries Ltd., Cummins Inc., Continental AG, Y-Tec India Pvt Ltd, Trinity Auto Engineering Pvt Ltd, Scania AB, Hutchinson SA, Cooper Standard Automotive Inc, Trelleborg AB, Toyo Tire U.S.A. Corp, BWI Group, S M International, Sumitomo Riko Company Limited, Yamashita Rubber Co Ltd, WanLi Topshine, Hyundai Motor Company, Fiat Chrysler Automobiles, Roechling Group, Autoneum Holding AG, Trocellen Group, BASF SE, Johnson Matthey, Klarius Products Ltd., Umicore, Tenneco Inc., DCL International Inc., Ecocat India Pvt Ltd, N.E. CHEMCAT CORPORATION, Vibracoustic GmbH, Federal-Mogul LLC, Dana Holding Corporation, Mahle GmbH, BorgWarner Inc.
The automotive engine and engine mounts market report table of contents includes:
1. Executive Summary
2. Automotive Engine and Engine Mounts Market Characteristics
3. Automotive Engine and Engine Mounts Market Trends And Strategies
4. Automotive Engine and Engine Mounts Market – Macro Economic Scenario
5. Global Automotive Engine and Engine Mounts Market Size and Growth
……
31. Global Automotive Engine and Engine Mounts Market Competitive Benchmarking
32. Global Automotive Engine and Engine Mounts Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Automotive Engine and Engine Mounts Market
34. Automotive Engine and Engine Mounts Market Future Outlook and Potential Analysis
35. Appendix
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