Global Engine Mounts and Engine Market to Grow with a CAGR of 6.1% through 2028

The Global Engine Mounts and Engine Market are primarily driven by the continued growth in vehicle production and sales, with increasing demand for engines and engine mounts. Additionally, stringent emissions and fuel efficiency regulations are compelling automotive manufacturers to invest in advanced engine technologies and lightweight materials, necessitating upgrades and replacements of both engines and engine mounts to meet regulatory standards and consumer demands for cleaner and more fuel-efficient vehicles.

According to TechSci Research report, “Global Engine Mounts and Engine Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Engine Mounts and Engine Market stood at USD 87 Billion in 2022 and is anticipated to grow with a CAGR of 6.1% in the forecast period, 2024-2028. The major drivers for the Global Engine Mounts and Engine Market include continuous technological advancements in engine components, such as the development of advanced fuel injection systems and efficient turbochargers. These advancements not only enhance the performance of engines but also contribute to improved fuel efficiency and reduced emissions.

Furthermore, the increasing demand for high-performance engines is driven by the growing need for more powerful and reliable vehicles in various sectors, including automotive, transportation, and industrial applications. Stringent emission norms and regulations imposed by governments and environmental agencies worldwide have also played a significant role in driving the market, as manufacturers strive to develop engines that comply with these standards.

Moreover, the growth of the automotive industry across the globe has created a favorable market environment for engine mounts and engines. The rise in disposable income among consumers has led to an increased preference for luxury vehicles, which often require high-performance engines and advanced engine mounting systems for superior driving experience and comfort.

Additionally, the expanding commercial and passenger vehicle sector, fueled by urbanization and infrastructure development, further contributes to market growth. As more people rely on automobiles for transportation, the demand for engines and engine mounts continues to rise.

In conclusion, the Global Engine Mounts and Engine Market is driven by a combination of factors including technological advancements, increasing demand for high-performance engines, stringent emission norms, the growth of the automotive industry, rising disposable income, and the expanding commercial and passenger vehicle sector. These factors collectively create a promising growth trajectory for the market in the coming years.

 

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The global engine mounts and engine market is a critical component of the automotive and manufacturing sectors, underpinning the performance, efficiency, and safety of vehicles worldwide. Engine mounts, also known as motor mounts or engine supports, are integral components responsible for securing the engine to the vehicle's frame while dampening vibrations and reducing noise. Engines, as the primary power sources of vehicles, are undergoing continuous evolution to meet changing consumer demands and stringent environmental regulations. Here, we provide an overview of the key aspects of the global engine mounts and engine market.

The global engine mounts and engine market has been steadily growing over the years, driven by factors such as increasing vehicle production, technological advancements, and the global automotive industry's expansion. As more countries industrialize and urbanize, the demand for automobiles, both for personal and commercial use, continues to rise. This trend has a direct impact on the engine mounts and engine market, as every vehicle requires these essential components.

Moreover, the industry is witnessing a growing need for engine mounts tailored to electric and hybrid vehicles, aligning with the global shift towards cleaner and more sustainable transportation solutions. The introduction of stringent emissions regulations has spurred innovation in engine design, translating into opportunities for manufacturers of specialized engine mounts. Consequently, the market's growth trajectory remains positive, underpinned by both traditional internal combustion engine (ICE) vehicles and the burgeoning electric vehicle (EV) segment.

The global engine mounts and engine market is highly competitive, featuring a mix of established players and newer entrants. Prominent companies in this market include Hutchinson SA, Vibracoustic GmbH, ContiTech AG, Mahle GmbH, and Cummins Inc., among others. These industry leaders are known for their expertise in producing high-quality engine mounts and engines, catering to the diverse needs of the automotive industry.

However, the competitive landscape is evolving, driven by factors such as market consolidation and the entry of niche players specializing in electric and hybrid vehicle components. Market consolidation, where larger companies acquire smaller ones, is a notable trend, as it allows for portfolio expansion and broader market reach. Smaller, innovative firms also play a significant role in driving advancements, particularly in the EV space, where specialized engine mounts are in high demand.

Technological advancements are at the forefront of the global engine mounts and engine market. Lightweight materials such as aluminum, carbon fiber, and high-strength steel are increasingly used to create engine mounts that are not only robust but also lightweight. These advanced materials contribute to improved fuel efficiency, reduced emissions, and overall sustainability, aligning with the automotive industry's efforts to address environmental concerns.

Moreover, active engine mounts equipped with sensors and actuators have gained traction, enabling real-time adjustment of stiffness and damping characteristics to manage engine vibrations and noise levels. This innovation enhances passenger comfort, a critical consideration for modern vehicle buyers.

The global engine mounts and engine market is significantly influenced by regulatory changes, particularly in emissions standards and safety requirements. Stringent emissions regulations have pushed automotive manufacturers to develop cleaner, more fuel-efficient engines, which in turn impact engine mount design. The need for specialized mounts for electric powertrains and hybrid systems is a direct result of these regulations, further shaping the market's landscape.

Additionally, safety standards continue to evolve, emphasizing the importance of engine mounts in ensuring passenger safety during collisions. Compliance with these standards necessitates the development of robust and energy-absorbing engine mount designs, placing additional demands on manufacturers.

Consumer preferences are increasingly focused on fuel efficiency, environmental considerations, and the driving experience. Modern consumers are highly conscious of the environmental impact of their vehicles, driving the demand for cleaner, more efficient engines. As a result, engine mounts play a crucial role in supporting the latest engine technologies designed to enhance fuel efficiency and reduce emissions.

The shift towards electric and hybrid vehicles has further influenced consumer preferences. Electric vehicles, known for their quiet operation and minimal vibrations, necessitate advanced engine mounts capable of effectively dampening noise and vibrations, thereby enhancing the driving experience.

In conclusion, the global engine mounts and engine market is a dynamic and competitive sector that is evolving in response to technological advancements, regulatory changes, and shifting consumer preferences. With a strong emphasis on sustainability, safety, and innovation, this market is poised for continued growth as the automotive industry continues its transformation towards cleaner and more efficient transportation solutions.  

 

Major companies operating in Global Engine Mounts and Engine Market are:  

• Cummins Inc
• Hyundai Motor Company
• MITSUBISHI HEAVY INDUSTRIES, LTD.
• MAHLE GmbH
• Scania
• Fiat Chrysler Automobiles
• HUTCHINSON
• Cooper Standard
• Trelleborg AB
• TOYO TIRE U.S.A. CORP

 

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 “The major drivers for the Global Engine Mounts and Engine Market include technological advancements in engine components, increasing demand for high-performance engines, stringent emission norms, and the growth of the automotive industry worldwide. Additionally, the rise in disposable income, leading to an increased preference for luxury vehicles, is also propelling this market. Moreover, the expanding commercial and passenger vehicle sector further contributes to market growth.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.    By Vehicle Type (Passenger Car, Two Wheelers, and Commercial Vehicle), By Engine Type (L4, L6, V6 and V8 Engine), By Fuel Type (Gasoline, Diesel, Natural Gas and Hybrid), By Engine Mounts (Elastomer, Hydraulic and Electro-hydraulic), By Regional, By Competition, Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of Global Engine Mounts and Engine Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Engine Mounts and Engine Market.                  

 

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