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(I-AutoNewsWire.com, December 25, 2018 ) Stratview Research has published a new research report on Automotive Engine Cover Market. This extensive 260-page report by Stratview Research analyses the growth of Automotive Engine Cover Market over the trend period of 2011 to 2016 and forecast period of 2017 to 2022 under the following segments - • By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium- and Heavy-Duty Commercial Vehicle) • By Material Type (Metals, Composites, Thermoplastics, Others) • By Manufacturing Process Type (Injection Molding, Casting, Others) • By Region (North America, Europe, Asia-Pacific, Rest of the World)
Go through the detailed scope:https://www.stratviewresearch.com/toc/275/automotive-engine-cover-market.html Or Get a free sample of the report:https://www.stratviewresearch.com/Request-Sample/275/automotive-engine-cover-market.html
Increasing demand for lightweight engine covers is the major driver of the market The global automotive engine cover market was valued at US$ 1,077.7 million in 2016 and is likely to grow at a 3.2% CAGR over the next five years to reach US$ 1,292.5 million in 2022. The key factors driving the market are organic growth in the automobile production owing to increasing disposable income and growing urbanization; an advancement in the engine cover technology; and increasing demand for lightweight engine covers driven by the stringent government regulations, such as CAFÉ Standards.
Passenger car is expected to remain the largest and fastest-growing segment The global automotive engine cover market is segmented based on vehicle type as the passenger car, light commercial vehicle, and medium & heavy-duty commercial vehicle. The passenger car is expected to remain the largest and fastest-growing segment of the automotive engine cover market during the forecast period of 2017 to 2022. The higher production of passenger cars and rising demand for lightweight engine covers are driving the growth of the segment over the next five years.
Key players The supply chain of this market comprises raw material suppliers, thermoplastic composite compounders, engine cover manufacturers, distributors, automotive OEMs, and dealers. The key automotive engine cover manufacturers are Magna International, Inc., MAHLE GmbH, Polytec Group, Miniature Precision Components, Inc., The Mondragón Cooperative Corporation (MCC), Montaplast GmbH, Rochling Group, and Toyoda Gosei Co., Ltd. Developing lightweight composite engine cover and forming long-term contracts with OEMs are the key strategies adopted by the major players to gain a competitive edge in the market.
About Stratview Research Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making.
Stratview Research
Ritesh Gandecha
+1-313-307-4176
sales@stratviewresearch.com
Source: EmailWire.Com
Source: EmailWire.com
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