Global Automotive Engine and Engine Mounts market growth 2024, Forecast To 2033
24 Jan, 2024
The automotive engine and engine mounts market, having exhibited robust growth, is projected to increase from $87.07 billion in 2023 to $93.91 billion in 2024, with a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period is credited to government regulations, globalization, increased disposable income, and heightened demand for commercial vehicles. Foreseeing substantial expansion, the market is anticipated to reach $126.6 billion in 2028, maintaining a solid CAGR of 7.8%. Drivers for this growth include the adoption of electric vehicles (EVs), the rise in autonomous vehicles, compliance with emission regulations, trade agreements, and overall global market growth. Notable trends in the forecast period encompass advanced combustion technologies, connectivity and IoT, sustainable and renewable fuels, emission reduction technologies, and the integration of 3D printing and additive manufacturing.
Global Automotive Engine and Engine Mounts Market Key Driver
The automotive engine and engine mounts market is set to grow with the rising production of passenger cars. In May 2022, India's passenger vehicle sales soared 185% year-on-year to 251,052 units. Adaptive engine mounts, especially beneficial in longitudinally mounted engines, enhance comfort in passenger cars. As production increases, the demand for engine and engine mounts rises, driving the growth of the automotive engine and engine mounts market.
Get A Free Sample Of The Global Automotive Engine and Engine Mounts Market ReportGlobal Automotive Engine and Engine Mounts Market Segments
The global 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
By Geography: The regions covered in the Automotive Engine and Engine Mounts market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
Europewas 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.
Major Automotive Engine and Engine Mounts Industry Players
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.
Get The Full Global Automotive Engine and Engine Mounts Market Report
Automotive Engine and Engine Mounts Market Overview
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.
Automotive Engine and Engine Mounts Global Market Report 2023 provides data on the global automotive engine and engine mounts market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The automotive engine and engine mounts market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.