Rockville, Md. The global automotive engine cover market is set to exceed US$ 1.25 Bn by 2022 on steady growth, according to Fact.MR, as rising vehicle purchases meet government rules pushing for lighter components. Urbanization and steady innovation in cover materials and designs add further support.
Europe leads by region, injection molding dominates production, and compact passenger cars carry the larger vehicle share. Thermoplastics and Asia Pacific excluding Japan are the fastest-growing pockets.
Materials, Processes and Vehicles
A leading material segment holds about 32.3% of revenue and grows steadily, while thermoplastics expand fastest and composites rank second at a slower pace. By process, injection molding leads on both share and growth at a 2.9% CAGR, ahead of casting. On vehicles, luxury passenger cars grow fastest at a 3.5% CAGR, while compact passenger cars hold the larger revenue share. By channel, OEM grows quickest at a 3.4% CAGR, though the aftermarket keeps the larger share.
Europe stays the most attractive region and aims to hold its lead, while Asia Pacific excluding Japan grows at a 3.6% CAGR and could close the gap on revenue share by 2022.
Lightweighting Drives Demand
The market's direction is set by weight and regulation. As carmakers work to cut vehicle weight and meet efficiency rules, demand shifts toward lighter thermoplastic covers produced by injection molding, and rising vehicle output keeps the base demand growing through the forecast period.
Suppliers and Their Playbook
The field brings together material and component specialists.
- DSM, E. I. du Pont de Nemours and Co., Toyoda Gosei Co., Ltd, Rochling Group, Montaplast GmbH, The Mondragón Cooperative Corporation (MCC), Miniature Precision Components Inc., POLYTEC Holding AG, and MAHLE GmbH are among the key players in the report.
Reading the Market for Decisions
For suppliers, growth favours thermoplastic covers and injection-molding capability tied closely to OEM programs. Investors get a market with steady, regulation-led demand. Procurement teams can plan around OEM channels leading growth, compact cars carrying volume, and Europe offering the largest opportunity while Asia Pacific grows fastest through 2022.
About the Report
Fact.MR's study covers the global automotive engine cover market for the 2017 to 2022 forecast period, with segmentation by material type, technology, vehicle type, sales channel and region. It sizes each segment, maps the competitive field, and weighs the regulatory and demand forces shaping the market. Further detail is available in the automotive engine cover market report.
About Fact.MR
Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. The firm is known for its syndicated research, custom research and consulting solutions, helping clients make decisions on demand, competition, investment, procurement and future growth.