Global Automotive Engine Covers Market to Approach USD 1.9 Billion by 2024

automotive engine covers industry

 

New York, USA, 2018-Apr-30 — /EPR Network/ —According to Goldstein Research, global automotive engine covers market is expected to reach USD 1.9 billion by 2024 from USD 1.2 billion in 2015, growing at a CAGR of 5.9% over the forecast period 2016-2024. The major driving factors in the growth of global automotive engine covers market are the rising demand for lightweight and safe engine covers owing to growing need to reduce vehicle overall weight to provide fuel efficiency.

Global automotive engine covers market segmentation has been carried out on the basis of application and fuel cell types. Engine covers market is expected to grow significantly with automobile manufacturers owing to rising demand of automobiles across the globe. Global automotive engine covers market is majorly driven by Asia-Pacific owing to rising demand of automobiles in the region. Asia-Pacific region is closely followed by the Europe, due to presence of largest automotive industry in Germany and component manufacturers in Europe.

Market Segmentation

On the basis of our in-depth analysis, Global Automotive Engine Covers Market can be segmented as follows:

By Vehicles Type

  • Light Commercial Vehicles (LCV)
  • Heavy Commercial vehicles (HCV)
  • Passenger Cars

By Material Type

  • Composites
  • Metals
  • Thermoplastics
  • Other

By End-User

  • Original Equipment Manufacturers (OEMs)
  • Aftermarket

By Region

  • North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
  • Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

 

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“Global Automotive Engine Covers Market Outlook 2024” contains detailed overview of the global automotive engine covers market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by application, by fuel cell types.

Further, for the in-depth analysis, Global Automotive Engine Covers Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as Magna International Inc., MAHLE GmbH, Toyoda Gosei Co., Ltd., Montaplast GmbH, Polytec Group, The Mondragon Cooperative Corporation (MCC), Rochling Group, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents the global automotive engine covers market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

Browse full Report @ https://www.goldsteinresearch.com/report/automotive-engine-covers-market-outlook-2024-global-opportunity-and-demand-analysis-market-forecast-2016-2024

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Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Our market research reports provide in-depth analysis of global and regional variations along with competitors’ overview. Our analysts working on automotive industry trends reports to help various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.

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