Global Engine Mounts Market Overview:
Engine Mount is the part of an engine which used to hold the engine. It secures the engine as well as transmission to the frame of the car. Additionally, it is used to absorb the road shocks and engine vibrations so that the driver does not feel any engine movement. There are two types of engine mount conventional engine mount and hydraulic engine mount. Some of the players profiled in the study are TrelleborgVibracoustic (Freudenberg Group) (Germany), ContiTech (Continental AG) (Germany), Hutchinson (France), Sumitomo Riko (Japan), Bridgestone (Japan), BOGE Rubber & Plastics (Japan), Toyo-Rubber (Japan), Cooper Standard (United States), Nissin (Japan) and SKF (Sweden). According to Market Analyst at AMA, the Global Engine Mounts market may see a growth rate of 6.62%
On the basis of geography, the market of Engine Mounts has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Europe region held largest market share in the year 2019. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Engine Type, the sub-segment i.e. L4 Engine will boost the Engine Mounts market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Engine Mounts market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Fuel Type, the sub-segment i.e. Gasoline will boost the Engine Mounts market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Rising Adoption of High Power Engines for High-End Cars
- Favorable Macro-Economic Environment in Developed As Well As Developing Nations
- Up Surging Vehicle Production
- Growing Demand for High Load Carrying Capacity Engines
- Increasing Popularity of L4 Engine Type
- High Cost of Electric Vehicles
- Higher Aftermarket Cost
- Stringent Emission Norms to Reduce Carbon Footprints
Key Market Developments:
On 3rd July 2018, Cooper Standard has acquired Lauren Manufacturing and Lauren Plastics, subject to regulatory approvals and related parties' consent.
On 6th July 2018, Mitsubishi Corp. and Toyo Tire & Rubber Co. Ltd. are partnered to improve Toyo's global distribution assets.
Engine Mounts and Engine manufacturers, Traders, Distributors, and Suppliers, Industry associations and experts, Government Regularity Bodies, Private Research Organization, Government Research Organization and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Engine Mounts market on the basis of product [Conventional Engine Mount and Hydraulic Engine Mount] , application [Passenger Car, Commercial Vehicle and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Engine Mounts market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Engine Mounts industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Manufacturers which are also part of the research are Tuopu (China), Faw Foundry (China), PGI Far East (China), Hetian Automotive (China) and Yamashita Rubber (Japan).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Engine Mounts market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.