Automotive Engine Covers Market Report 2024 (Global Edition)

Global Automotive Engine Covers Market Report 2024 Market Size Split by Matrial (Composites, Metals, Thermoplastics, Others), by Vehicle Type (Compact Passenger Cars, Mid-sized Passenger Cars, Luxury ...

Automotive Engine Covers Market Report Description

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Automotive Engine Covers Market Insights Video

Competitive Landscape of the Automotive Engine Covers Market

The competitive landscape of the Automotive Engine Covers Market is characterized by a mix of global and regional players vying for market share. Key players such as Magna International Inc., MAHLE GmbH, and Continental AG dominate the market with their extensive product portfolios and technological expertise. Additionally, strategic collaborations, mergers, and acquisitions are common among market participants to enhance their market presence and competitiveness. The market is highly competitive, with players focusing on innovation and product differentiation to gain a competitive edge.

April 2021: MAN Energy Solutions initiated the AmmoniaMot project in collaboration with the University of Munich Research Institutes, Neptun Ship Design, WTZ, and Woodward L'Orange. Funded by the German Federal Ministry of Economics and Technology (BMWi), its goal is to outline the procedures required to develop a dual-fuel, medium-speed engine capable of operating on both diesel fuel and ammonia. (Source: https://www.offshore-energy.biz/man-energy-kicks-off-ammoniamot-project/ )

Top Companies Market Share in Automotive Engine Covers Industry: (In no particular order of Rank)

• Magna International Inc. (Canada)
• MAHLE GmbH (Germany)
• Montaplast GmbH (Germany)
• Alcoa Corporation (United States)
• Roechling Automotive (Germany)
• Continental AG (Germany)
• Polytec Holding AG (Austria)
• Toyoda Gosei Co.
• Ltd. (Japan)
• Mitsui Chemicals
• Inc. (Japan)
• Gestamp Automoción S.A. (Spain)
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Automotive Engine Covers Market

Which Region Dominates the Automotive Engine Covers Market in 2024?

According to Cognitive Market Research, North America has secured the largest market share in the Automotive Engine Covers market due to several factors. These include a robust automotive industry, stringent emission regulations, and a high demand for lightweight and durable engine covers. Additionally, the region boasts a significant presence of key automotive manufacturers and suppliers, leading to extensive research and development activities and technological advancements in engine cover production. Moreover, growing consumer preference for vehicles with advanced engine technologies further drives market growth in North America.

Which Region is Expanding at the Fastest CAGR?

The Asia Pacific region is experiencing the fastest Compound Annual Growth Rate (CAGR) in the Automotive Engine Covers market due to several factors. These include the rapid expansion of the automotive industry, increasing vehicle production, and rising demand for lightweight and fuel-efficient vehicles. Additionally, the region benefits from government initiatives promoting automotive manufacturing and technological advancements. Moreover, the presence of key automotive manufacturers and suppliers, coupled with a growing consumer base, further propels market growth in the Asia Pacific region.

 

The current report Scope analyzes Automotive Engine Covers Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Automotive Engine Covers

According to Cognitive Market Research, the global Automotive Engine Covers market size was estimated at USD 1458.20 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 583.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 1.8% from 2024 to 2031

• According to Cognitive Market Research, the US had a major share in the Automotive Engine Covers market with a market size of USD 460.21 million in 2024 and is projected to grow at a CAGR of 1.6% during the forecast period. The demand is amplified by the nation's development activities and technological advancements.
• The Canada Automotive Engine Covers market had a market share of USD 69.99 million in 2024 and is projected to grow at a CAGR of 2.6% during the forecast period. This is due to high demand for lightweight and durable engine covers.
• The Mexico Automotive Engine Covers market is projected to witness growth at a CAGR of 2.3% during the forecast period, with a market size of USD 53.08 million in 2024.

Europe Automotive Engine Covers

According to Cognitive Market Research, the global Automotive Engine Covers market size was estimated at USD 1458.20 Million out of which Europe held the market of more than 30% of the global revenue with a market size of USD 437.46 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.1% from 2024 to 2031.

• The United Kingdom Automotive Engine Covers market had a market share of USD 73.49 million in 2024 and is projected to grow at a CAGR of 2.9% during the forecast period. In the UK, Automotive Engine Covers sales witness an upswing due to the region's strong automotive manufacturing.
• The France Automotive Engine Covers market is projected to witness growth at a CAGR of 1.3% during the forecast period, with a market size of USD 40.25 million in 2024.
• According to Cognitive Market Research, the Germany Automotive Engine Covers market size was valued at USD 86.62 million in 2024 and is projected to grow at a CAGR of 2.3% during the forecast period. In Germany, Automotive Engine Covers sales surged due to increasing consumer demand for premium vehicles.
• The Italy Automotive Engine Covers market is projected to witness growth at a CAGR of 1.5% during the forecast period, with a market size of USD 37.62 million in 2024.
• The Russia Automotive Engine Covers market is projected to witness growth at a CAGR of 1.1% during the forecast period, with a market size of USD 67.81 million in 2024.
• The Spain Automotive Engine Covers market is projected to witness growth at a CAGR of 1.2% during the forecast period with a market size of USD 35.87 million in 2024
• The Luxembourg Automotive Engine Covers market is projected to witness growth at a CAGR of 2.2% during the forecast period, with a market size of USD 13.56 million in 2024.
• The Portugal Automotive Engine Covers market is projected to witness growth at a CAGR of 1.9% during the forecast period, with a market size of USD 9.19 million in 2024.
• The Greece Automotive Engine Covers market is projected to witness growth at a CAGR of 2.4% during the forecast period, with a market size of USD 5.25 million in 2024.
• Rest of Europe's Automotive Engine Covers market is projected to witness growth at a CAGR of 0.8% during the forecast period, with a market size of USD 67.81 million in 2024.

Asia Pacific Automotive Engine Covers

According to Cognitive Market Research, the global Automotive Engine Covers market size was estimated at USD 1458.20 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 335.39 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.6% from 2024 to 2031.

• According to Cognitive Market Research, the China Automotive Engine Covers market size was valued at USD 150.92 million in 2024 and is projected to grow at a CAGR of 5.1% during the forecast period. Automotive Engine Covers sales surge in China due to region's focus on technological advancements and cost-effective manufacturing.
• The Japan Automotive Engine Covers market is projected to witness growth at a CAGR of 4.1% during the forecast period, with a market size of USD 46.28 million in 2024.
• The India Automotive Engine Covers market had a market share of USD 40.25 million in 2024 and is projected to grow at a CAGR of 7.4% during the forecast period. This is due to increased vehicle production and demand for engine covers.
• The South Korea Automotive Engine Covers market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 33.54 million in 2024.
• The Australia Automotive Engine Covers market is projected to witness growth at a CAGR of 5.3% during the forecast period, with a market size of USD 17.44 million in 2024.
• The South East Asia Automotive Engine Covers market is projected to witness growth at a CAGR of 6.6% during the forecast period, with a market size of USD 23.14 million in 2024.
• The Rest of Asia Pacific Automotive Engine Covers market is projected to witness growth at a CAGR of 5.4% during the forecast period, with a market size of USD 23.81 million in 2024.

South America Automotive Engine Covers

According to Cognitive Market Research, the global Automotive Engine Covers market size was estimated at USD 1458.20 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 72.91 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.0% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Automotive Engine Covers market size was valued at USD 31.21 million in 2024 and is projected to grow at a CAGR of 3.6% during the forecast period. Automotive Engine Covers sales flourish in Brazil due to region's automotive industry is expanding.
• Argentina Automotive Engine Covers market had a market share of USD 12.25 million in 2024 and is projected to grow at a CAGR of 3.9% during the forecast period. This is due to increase in vehicle production and sales.
• Colombia Automotive Engine Covers market is projected to witness growth at a CAGR of 2.8% during the forecast period with a market size of USD 6.49 million in 2024.
• Peru Automotive Engine Covers market is projected to witness growth at a CAGR of 3.2% during the forecast period with a market size of USD 5.98 million in 2024.
• Chile Automotive Engine Covers market is projected to witness growth at a CAGR of 3.3% during the forecast period with a market size of USD 5.25 million in 2024.
• The Rest of Latin America Automotive Engine Covers market is projected to witness growth at a CAGR of 2.1% during the forecast period, with a market size of USD 11.74 million in 2024.

Middle East and Africa Automotive Engine Covers

According to Cognitive Market Research, the global Automotive Engine Covers market size was estimated at USD 1458.20 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 29.16 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.3% from 2024 to 2031.

• The GCC Countries Automotive Engine Covers market is projected to witness growth at a CAGR of 4.1% during the forecast period with a market size of USD 12.48 million in 2024. Automotive Engine Covers sales flourish due to increasing investments in automotive manufacturing infrastructure.
• The Egypt Automotive Engine Covers market is projected to witness growth at a CAGR of 3.6% during the forecast period, with a market size of USD 3.06 million in 2024.
• The South Africa Automotive Engine Covers market is projected to witness growth at a CAGR of 4.3% during the forecast period, with a market size of USD 4.61 million in 2024. Automotive Engine Covers sales flourish in South Africa due to region's focus on enhancing vehicle performance.
• The Turkey Automotive Engine Covers market is projected to witness growth at a CAGR of 2.8% during the forecast period, with a market size of USD 2.51 million in 2024.
• The Nigeria Automotive Engine Covers market is projected to witness growth at a CAGR of 2.4% during the forecast period, with a market size of USD 3.06 million in 2024.
• The Rest of MEA Automotive Engine Covers market is projected to witness growth at a CAGR of 2.3% during the forecast period, with a market size of USD 3.44 million in 2024.

Automotive Engine Covers Market Analysis

Global Automotive Engine Covers Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Automotive Engine Covers Industry growth. Automotive Engine Covers market has been segmented with the help of its Matrial, Vehicle Type Technology, and others. Automotive Engine Covers market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.

Automotive Engine Covers Market Material Segment Analysis

According to Cognitive Market Research, Composites stands out as the dominating category. Composites material has captured the largest market share in the Automotive Engine Covers Market due to its advantageous properties. Composites offer a unique combination of strength, durability, and lightweight characteristics, making them ideal for engine cover applications. Additionally, composites can be molded into complex shapes, allowing for intricate designs and customization options. Moreover, composites exhibit excellent resistance to corrosion and high temperatures, ensuring long-term performance and reliability in demanding automotive environments, thus driving their widespread adoption in the market.

Metals material is experiencing the highest Compound Annual Growth Rate (CAGR) in the Automotive Engine Covers Market due to several factors. Metals such as aluminum and magnesium offer superior durability, thermal conductivity, and resistance to high temperatures compared to other materials. Additionally, advancements in metal forming and fabrication technologies enable the production of lightweight yet robust engine covers. Moreover, the growing demand for premium and performance vehicles further drives the adoption of metal engine covers, contributing to their rapid growth in the market.

Automotive Engine Covers Market Share (%) by Matrial in 2019-2031

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Automotive Engine Covers Industry. Request a Free Sample PDF!

Automotive Engine Covers Market Vehicle Type Segment Analysis

According to Cognitive Market Research, the dominating category is Compact Passenger Cars. Compact passenger cars vehicle type has captured the largest market share in the Automotive Engine Covers Market due to several factors. These vehicles are widely popular for their affordability, fuel efficiency, and urban maneuverability, leading to high sales volumes globally. Additionally, compact cars often feature smaller engine compartments, making engine covers a critical component for noise reduction, thermal insulation, and overall vehicle aesthetics. As a result, there is a higher demand for engine covers in the compact passenger car segment, driving their market dominance.

Mid-sized passenger cars vehicle type is experiencing the highest Compound Annual Growth Rate (CAGR) in the Automotive Engine Covers Market due to several factors. These vehicles offer a balance between compact cars and larger sedans, appealing to consumers seeking both space and fuel efficiency. Additionally, mid-sized cars often feature advanced engine technologies and amenities, increasing the demand for engine covers to enhance performance, noise reduction, and thermal management.

Automotive Engine Covers Market Share (%) by Vehicle Type in 2019-2031

2019

2023

2031

The above Graph is for representation purposes only. This chart does not depict actual Market share.

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Automotive Engine Covers Technology Segment Analysis

According to Cognitive Market Research, the dominating category is Injection Moulding. Injection molding technology has captured the largest market share in the Automotive Engine Covers Market due to its efficiency, cost-effectiveness, and ability to produce complex shapes with high precision. This technology enables the mass production of engine covers with consistent quality and minimal material waste. Additionally, injection molding allows for the use of a wide range of materials, including plastics and composites, making it versatile for various engine cover applications.

Casting technology is experiencing the highest Compound Annual Growth Rate (CAGR) in the Automotive Engine Covers Market due to its versatility and suitability for producing complex engine cover designs. This method allows for the cost-effective mass production of engine covers with intricate geometries and tight tolerances. Additionally, casting technology enables the use of a wide range of materials, including metals and alloys, offering durability and heat resistance.

• Injection Moulding
• Casting
• Others

Automotive Engine Covers Sales Channel Segment Analysis

According to Cognitive Market Research, the dominating category is OEM. The Original Equipment Manufacturer (OEM) Sales Channel has secured the largest market share in the Automotive Engine Covers Market due to several factors. OEMs directly supply engine covers to vehicle manufacturers for integration into new vehicles during production. This direct relationship ensures high-volume sales and establishes brand loyalty among consumers. Additionally, OEMs often offer a wide range of engine cover options tailored to specific vehicle models, further solidifying their dominance in the market.

The Aftermarket Sales Channel is experiencing the highest Compound Annual Growth Rate (CAGR) in the Automotive Engine Covers Market due to several factors. As vehicles age, there is a growing need for replacement engine covers due to wear and tear or customization purposes. The aftermarket offers a wide range of engine cover options, including upgraded materials and designs, catering to diverse consumer preferences. Additionally, the ease of accessibility and competitive pricing in the aftermarket segment drive its rapid growth.

• OEM
• Aftermarket

Author's Detail

Sneha Mali

Research Analyst at Cognitive Market Research

LinkedIn

Profile

I am a research analyst working in the Transport & Logistics domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.

Bio :

Sneha Mali is a research analyst working in various domains including the Consumer Goods, market research and transport & logistics and her primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. Her knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively.Sneha stay up-to-date with the latest research trends, methodologies, and technologies to ensure that her research is accurate, relevant, and impactful.

In her current role, Sneha is committed to continuous learning and staying abreast of emerging trends in research methodologies. Regular participation in workshops, webinars, and industry conferences ensures that her skills remain sharp and relevant. She have demonstrated ability to transform complex data sets into clear and concise narratives that inform key business strategies. Collaborating with cross-functional teams.Sneha remains an invaluable asset in the dynamic landscape of market research.

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Author's Conclusion

• The global Automotive Engine Covers market will expand significantly by 3.60% CAGR between 2024 to 2031.
• Injection molding technology has secured the largest market share in the Automotive Engine Covers market due to its versatility, efficiency, and ability to produce complex shapes with high precision. This method enables cost-effective mass production of engine covers while maintaining consistent quality.
• The Original Equipment Manufacturer (OEM) Sales Channel has captured the largest market share in the Automotive Engine Covers market due to its direct supply to vehicle manufacturers during production, ensuring high-volume sales and brand loyalty among consumers seeking standardized and compatible engine covers.

Frequently Asked Questions (FAQs)

What is the market size for the Automotive Engine Covers market in 2024?

The global market size for Automotive Engine Covers in 2024 is USD 1458.20 million.

What is the growth rate for the Automotive Engine Covers market over the forecast period?

The global Automotive Engine Covers market is expected to grow with a CAGR of 3.60% over the projected period.

Which is the leading region of the market for Automotive Engine Covers?

North America held a significant global Automotive Engine Covers market revenue share in 2024.

Which region is projected to detect the fastest growth in the Automotive Engine Covers market over the forecast period?

Asia-Pacific will witness the fastest growth of the global Automotive Engine Covers market over the coming years.

Which country is leading in the Automotive Engine Covers market in 2024?

The US had the most significant global Automotive Engine Covers market revenue share in 2024.

What are the key drivers for the growth of the Automotive Engine Covers market?

The main drivers of the growth of the Automotive Engine Covers market are Increasing Vehicle Production, Growing Focus on Engine Efficiency and Rising Stringency of Emission Regulations.

Which is the significant Automotive Engine Covers market segment by Material?

The Composites segment had the largest share in the global Automotive Engine Covers market by Material.