Automotive Engine Cover Market
Automotive Engine Cover Market By Material (Composites, Metals, Thermoplastics), By Vehicle Type (Compact Passenger Cars, Light Commercial Vehicles, Mid-sized Passenger Cars), By Technology, By Sales Channel & By Region - Global Market Insights 2023 to 2033
Analysis of Automotive Engine Cover Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Automotive Engine Cover Market Outlook (2023 to 2033)
Global demand for automotive engine covers accounts for a market valuation of US$ 1.3 billion in 2023 and is extrapolated to secure a revenue of US$ 1.8 billion by the end of 2033. The global automotive engine cover market is projected to exhibit expansion at 3.3% CAGR over the next ten years.
Automotive engine covers are placed over the engine for mostly aesthetic purposes but are also capable of protecting the engine from dust and debris along with reducing the sound of the automotive engine while in operation. Some advanced engine covers are also used to redirect the flow of air.
Implementation of stringent vehicle safety norms around the world by various governments and increasing adoption of new safety systems by car manufacturers are key prospects that could potentially uplift sales of automotive engine covers across the forecast period. Surging demand for lightweight automotive components, growing demand for fuel-efficient vehicles, and rising investments in R&D for lightweight composite automotive components are other factors that could boost market growth in the long run.
Increasing use of acoustic damping engine covers to reduce or eliminate engine noise in luxury passenger cars is expected to create new opportunities for established as well as upcoming automotive engine cover suppliers going forward. Increasing demand for the reduction of noise pollution is also expected to promote sales of acoustic-damping automotive engine covers through 2033.
- In February 2022, municipal authorities of Paris started the installation of sound radars - devices that measure noise and capture license plates of a vehicle exceeding allowed sound limits. These devices are equipped with eight microphones, multidirectional cameras, and sensors to function efficiently. The authorities had plans to fine 135 euros to drivers whose vehicles exceed allowed noise levels.
On the flip side, rising sales of electric vehicles and declining popularity of fossil fuel-powered vehicles are anticipated to obstruct market growth potential to some extent across the forecast period and beyond.
Automotive Engine Cover Market Size (2023)
US$ 1.3 Billion
Projected Market Value (2033F)
US$ 1.8 Billion
Global Market Growth Rate (2023 to 2033)
Composites Segment Market Share (2022)
Key Companies Profiled
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Will the Rise of Electric Vehicles Lead to the Demise of Automotive Engine Covers?
“Auto Engine Cover Suppliers Shifting to Motor Cover Manufacturing”
Depleting reserves of fossil fuels such as gasoline and diesel have resulted in high demand for alternative fuels around the world, which has primarily bolstered demand for electric vehicles. Moreover, the growing focus on sustainability and efforts to reduce the pollution caused by internal combustion engine vehicles have also contributed to growing sales of EVs.
EVs work on battery-powered motors that control the vehicle’s propulsion, which eliminates the purpose of engines and this could pen the story of the death of ICEs (Internal Combustion Engines) and other components associated with them such as engine covers. The switch towards electric vehicles is inevitable in the near future and this is why automotive engine cover manufacturers are shifting their focus toward manufacturing EV motor covers to help sustain their businesses.
However, the complete switch toward an all-electric transportation system is nearly a couple of decades away from being a total reality, which gives automotive engine cover suppliers plenty of time to prepare and make arrangements to save their business. The growing popularity of hydrogen engines (H2 engines) is expected to provide hope for conventional automotive engine cover producers as these engines are very similar to ICEs that are extensively used in the present day.
A comprehensive assessment of trends such as new developments, supply chain management, global demand, local supply, pricing trends, and safety regulations have been mentioned in this newly revised automotive engine cover market research analysis by Fact.MR, a market research and competitive intelligence provider.
Why are Asian Countries Considered Highly Bankable Markets?
“High Automotive Production and Growing Disposable Income”
China, Japan, and Korea are leading Asian countries in terms of automotive production and they are projected to bolster automotive engine cover sales in these countries across the forecast period. Implementation of stringent vehicle safety mandates, supportive government initiatives to promote automotive manufacturing, presence of key automotive engine component suppliers, and growing sales of vehicles are other factors that are slated to boost demand for auto engine covers in the Asia Pacific region through 2033.
- The presence of key car manufacturers such as Hyundai, Toyota, Nissan, and Honda is also predicted to create an opportunistic market scenario for established as well as incoming automotive engine cover companies.
Steadily rising disposable income and changing standards of living are also expected to play a crucial role in determining future automotive engine cover sales.
Why are Automotive Engine Cover Suppliers Directing Their Investments towards Germany?
“Presence of Prominent Automotive Manufacturers and Increasing Number of High Net-worth Individuals”
Germany has a distinguished number of high net-worth individuals aka millionaires and billionaires in the European region who are driving the sales of luxury vehicles in the country. The country is also home to some of the most prominent luxury car manufacturers in the world such as BMW, Audi, Mercedes Benz, etc. The aforementioned factors primarily make Germany an investment-worthy market in the eyes of upcoming as well as prime automotive engine cover suppliers.
Increasing focus on sustainability in Germany is projected to boost sales of electric vehicles and this could hamper shipments of auto engine covers in the long run. The development of innovative materials and their deployment in automotive component manufacturing by German companies is also expected to boost the automotive manufacturing industry in the country through 2033.
- BASF, a German multinational chemical organization developed a flexible polyurethane foam that is perfect for the manufacturing of engine covers for automobiles. Volvo cars were seen sporting automotive engine covers made from BASF’s patented version of Elastofoam.
Which Factors are Shaping Automotive Engine Cover Demand in the United States?
“Rising Sales of Luxury Vehicles and Increasing Automotive Production”
Demand for luxury vehicles in the United States has been increasing steadily in recent years and this is projected to bolster automotive engine cover shipments over the coming years. American car manufacturers are focusing on expanding their production capacity to meet the increasing demand for vehicles in the country and around the world.
Increasing investments in research and development of new materials for automotive manufacturing, the growing popularity of EVs, and rising preference for refined vehicles with minimal engine and ambient noise in the cabin are other factors that could uplift the demand for automotive engine covers in the country over the next ten years. Implementation of stringent road safety and noise pollution regulations by the government of the United States is also expected to aid market development in the long run.
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Which Type of Vehicles Account for the Most Sales of Automotive Engine Covers?
“Soaring Demand for Luxury Passenger Cars to Bolster Market Growth”
Based on vehicle type, the market for automotive engine covers is segmented into compact passenger cars, mid-sized passenger cars, luxury passenger cars, premium passenger cars, light commercial vehicles, and heavy commercial vehicles.
Demand for luxury passenger cars has been increasing rapidly in recent years owing to changing standards of living and rising per capita disposable income of people around the world. A growing number of high net-worth individuals are influentially promulgating the sales of auto engine covers on a global level and are predicted to bolster shipments of automotive engine covers over the coming years as they play a crucial role in enhancing the driving experience and providing a luxurious feel by dampening the engine noise and vibrations.
Which Material is Extensively Used for Automotive Engine Cover Manufacturing?
“Composites Account for Commanding Share in Global Industry”
Based on material, the market for automotive engine covers is segmented into composites, thermoplastics, metals, and others.
Rising demand for lightweight and more efficient vehicles has led to the adoption of composite materials for the manufacturing of several automotive components. The lightweight nature of composites comes with other benefits such as superior heat resistance and a higher weight-to-strength ratio. Composites and thermoplastics are preferred over metals due to their relatively low cost and evolving consumer demand.
Rising investments in the R&D of novel materials are projected to open up new avenues of opportunities for prime automotive engine cover companies in the future. Metals are estimated to account for the least share in the global automotive engine cover marketplace and this share could further shrink by the end of the forecast period.
Leading automotive engine cover manufacturers are focusing on investing in the research and development of novel materials that improve characteristic properties of auto engine covers to effectively absorb noise, vibration, and harshness and improve the driving quality and experience.
- In March 2020, Cannon Afros, an industrial equipment supplier based in Italy announced that it had developed specialized equipment for the manufacturing of engine covers with Polyurethane. The equipment used a One-Shot manufacturing approach by combining injection moulding of a thermoplastic shield with a back-foaming Polyurethane.
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Automotive Engine Cover Industry Research Segmentation
By Material :
By Vehicle Type :
- Compact Passenger Cars
- Mid-sized Passenger Cars
- Luxury Passenger Cars
- Premium Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
By Technology :
- Injection Moulding
By Sales Channel :
By Region :
- North America
- Latin America
- FAQs -
The global automotive engine cover market stands at US$ 1.3 billion.
Sales of automotive engine covers are expected to reach US$ 1.8 billion by 2033-end.
Worldwide automotive engine cover shipments are predicted to rise at 3.3% CAGR through 2033.
Composites, thermoplastics, metals, and other materials are used to make auto engine covers.
Toyoda Gosei Co. Ltd., DSM, Miniature Precision Components Inc., and MAHLE GmbH are leading manufacturers of automotive engine covers.