In the world economic growth, the Engine Mounts Industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Engine Mounts market size to maintain the average annual growth rate of XXX from XXX million $ in 2014 to XXX million $ in 2019, SMI analysts believe that in the next few years, Engine Mounts market size will be further expanded, we expect that by 2024, The market size of the Engine Mounts will reach XXX million $.
An engine mount is a part that holds the engine in the vehicle. It mounts the engine to the vehicle's chassis and dampens vibrations from the operation of the engine. Increasing the production of passenger cars is expected to propel the growth of the global engine mounts market over the forecast period. For instance, according to The European Automobile Manufacturers Association, 16.5 million passenger cars were made in the European Union in 2018 compared to 16.1 million in 2015.
Increasing the production of commercial vehicles is expected to boost the growth of the global engine mounts market. For instance, according to The European Automobile Manufacturers Association, over 2.6 million commercial vehicles were produced in the European Union in 2018. Moreover, investment in R&D of products and materials is also expected to aid in the growth of the market. For instance, in July 2019, Vibracoustic started a new Material Development Center in its location in Weinheim, Germany.
However, the high cost of raw material and technology is expected to limit the growth of the market. Increasing production and demand for electric vehicles is also expected to limit the growth of the market. For instance, in July 2019, Hyundai launched its first long-range electric sport utility vehicle, Kona SUV, in India.
The market is witnessing halts in the production of automobiles due to the COVID-19 pandemic, which is expected to adversely impact market growth. For instance, in March 2020, General Motors, Fiat Chrysler, and other manufacturers temporarily shut down production due to the coronavirus outbreak. Moreover, the market is also witnessing the adoption of a combination of solid and rubber engine mounts for reduced vibration. For instance, Kawasaki’s 2020 KAWASAKI NINJA1000SX comes with a combination of solid and rubber engine mounts.
Major players in the market are focused on adopting collaboration and partnership strategies to expand their product portfolio. For instance, in April 2019, Vibracoustic partnered with BENTELER and for the development of noise- and vibration-optimized chassis solutions for electric vehicles.
Key Takeaways:
- Increasing the production of passenger cars is expected to propel the growth of the global engine mounts market over the forecast period
- The high cost of raw material and technology is expected to limit the growth of the market
- Major players operating in the global engine mounts market include TrelleborgVibracoustic, ContiTech AG, Hutchinson SA, Sumitomo Riko, Bridgestone, BOGE Rubber & Plastics, Toyo-Rubber, Cooper Standard, Nissin, Yamashita Rubber, Tuopu, Luoshi, Faw Foundry, PGI Far East, Hetian Automotive, and SKF
This Report covers the manufacturers' data, including: shipment, price, revenue, gross profit, interview record, business distribution, etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows a regional development status, including market size, volume, and value, as well as price data.
Besides, the report also covers segment data, including: type segment, industry segment, channel segment, etc. cover different segment market sizes, both volume, and value. It also covers different industry's clients information, which is very important for the manufacturers. If you need more information, please contact SMI
Section 1: Definition
Section (2 3): Manufacturer Detail
- TrelleborgVibracoustic
- ContiTech
- Hutchinson
- Sumitomo Riko
- Bridgestone
- BOGE Rubber & Plastics
- Toyo-Rubber
- Cooper Standard
- Nissin
- Yamashita Rubber
- Tuopu
- Luoshi
- Faw Foundry
- PGI Far East
- Hetian Automotive
- SKF
Section 4: Region Segmentation
- North America Country (United States, Canada)
- South America
- Asia Country (China, Japan, India, Korea)
- Europe Country (Germany, UK, France, Italy)
- Other Country (Middle East, Africa, GCC)
Section (5 6 7): Segmentation
Product Type Segmentation:
- Conventional Engine Mount
- Hydraulic Engine Mount
Industry Segmentation:
- Passenger Car
- Commercial Vehicle
Channel (Direct Sales, Distributor) Segmentation
Section 8: Trend (2019-2024)
Section 9: Product Type Detail
Section 10: Downstream Consumer
Section 11: Cost Structure
Section 12: Conclusion
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