Market Overview:
The global thermoplastic engine cover market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for passenger cars and commercial vehicles, and the growing trend of lightweighting in automobiles. In terms of type, the injection molding segment is expected to hold a major share of the global thermoplastic engine cover market during the forecast period. This can be attributed to its ability to provide high-quality products with low manufacturing costs as compared to other manufacturing processes such as casting. In terms of application, the passenger car segment is expected to hold a major share of the global thermoplastic engine cover market during the forecast period.
Product Definition:
Thermoplastic engine cover is a covering that helps to protect the engine from heat and debris. It is made of thermoplastic materials, which means it can be heated and molded into different shapes. This makes it an ideal material for engine covers, as it can easily be customized to fit the specific needs of each vehicle. Thermoplastic engine covers are typically less expensive than other types of covers, and they are also lightweight and easy to install.
Injection Molding:
Injection molding is a process of converting an injection molded part into a finished component. This process involves the use of high pressure and high temperature in machines to convert liquid plastic into desired components. The most commonly used plastics for this purpose are Polyethylene (PE), Polypropylene (PP), Polystyrene (PS), Acrylonitrile Butadiene Styrene (ABS) and nylon among others.
Casting:
Casting is the process of making a mold or pattern to create an object. It is also used for removing the object from the mold and creating a series of identical objects, known as castings. Thermoplastic engine covers are made by casting polymer resin sheets onto molds created by die-cutting techniques.
Application Insights:
Passenger car application dominated the global thermoplastic engine cover market, accounting for over 60% of the overall revenue share in 2017. Rising disposable income and standard of living is expected to drive demand for passenger cars across developing countries including China, India and Brazil. In addition, increasing production capacities in these economies is projected to fuel further growth over the forecast period.
Commercial vehicle application segment was valued at USD 281.3 million in 2017 owing to high product demand from various commercial vehicles including trucks, busses and coaches among others which are used on a daily basis by consumers globally due to their durability and superior properties such as resistance towards UV light & heat which makes them suitable for outdoor exposure during transportation or storage without getting damaged or altered in any manner whatsoever.
Regional Analysis:
Asia Pacific is estimated to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to increasing vehicle production in countries, such as India, Indonesia and China. In addition, growing automotive industry in these countries will drive the demand for engine covers over the forecast period. Furthermore, presence of key automotive players such as Suzuki Motor Corporation; Tata Motors; Honda Motor Co., Ltd.; and Toyota Industries Corporation will further boost product sales over the next eight years.
Europe is expected to witness significant growth due to stringent emission norms implemented by various regulatory bodies like European Environment Agency (EEA), European Commission and International Energy Agency (IEA). These norms are anticipated to force automakers across Europe eitherto develop new technologies or alter existing ones so that they comply with environmental regulations without affecting engine performance characteristics or efficiency levels.
Growth Factors:
- Increasing demand for lightweight and fuel-efficient vehicles
- Rising popularity of thermoplastic engine covers in the automotive industry
- Growing awareness about the benefits of using thermoplastic engine covers
- Technological advancements in the production of thermoplastic engine covers
- Rising demand from emerging markets
Scope Of The Report
Report Attributes
Report Details
Report Title
Thermoplastic Engine Cover Market Research Report
By Type
Injection Molding, Casting
By Application
Passenger Car, Commercial Vehicle
By Companies
Magna International, MAHLE, Toyoda Gosei, Montaplast GmbH, Polytec Group, The Mondragon Cooperative Corporation (MCC), Rochling Group, Miniature Precision Components
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
152
Number of Tables & Figures
107
Customization Available
Yes, the report can be customized as per your need.
Global Thermoplastic Engine Cover Market Report Segments:
The global Thermoplastic Engine Cover market is segmented on the basis of:
Types
Injection Molding, Casting
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Car, Commercial Vehicle
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Magna International
- MAHLE
- Toyoda Gosei
- Montaplast GmbH
- Polytec Group
- The Mondragon Cooperative Corporation (MCC)
- Rochling Group
- Miniature Precision Components
Highlights of The Thermoplastic Engine Cover Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Injection Molding
- Casting
- By Application:
- Passenger Car
- Commercial Vehicle
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Thermoplastic Engine Cover Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Thermoplastic engine cover is a type of automotive body panel that is made from thermoplastic material. It is used to cover the engine compartment of a car or truck. This type of cover can be either fixed or removable, and it can be customized to fit the specific vehicle.
Some of the major companies in the thermoplastic engine cover market are Magna International, MAHLE, Toyoda Gosei, Montaplast GmbH, Polytec Group, The Mondragon Cooperative Corporation (MCC), Rochling Group, Miniature Precision Components.
The thermoplastic engine cover market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Thermoplastic Engine Cover Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Thermoplastic Engine Cover Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Thermoplastic Engine Cover Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Thermoplastic Engine Cover Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Thermoplastic Engine Cover Market Size & Forecast, 2018-2028
4.5.1 Thermoplastic Engine Cover Market Size and Y-o-Y Growth
4.5.2 Thermoplastic Engine Cover Market Absolute $ Opportunity
Chapter 5 Global Thermoplastic Engine Cover Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Thermoplastic Engine Cover Market Size Forecast by Type
5.2.1 Injection Molding
5.2.2 Casting
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Thermoplastic Engine Cover Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Thermoplastic Engine Cover Market Size Forecast by Applications
6.2.1 Passenger Car
6.2.2 Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Thermoplastic Engine Cover Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Thermoplastic Engine Cover Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Thermoplastic Engine Cover Analysis and Forecast
9.1 Introduction
9.2 North America Thermoplastic Engine Cover Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Thermoplastic Engine Cover Market Size Forecast by Type
9.6.1 Injection Molding
9.6.2 Casting
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Thermoplastic Engine Cover Market Size Forecast by Applications
9.10.1 Passenger Car
9.10.2 Commercial Vehicle
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Thermoplastic Engine Cover Analysis and Forecast
10.1 Introduction
10.2 Europe Thermoplastic Engine Cover Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Thermoplastic Engine Cover Market Size Forecast by Type
10.6.1 Injection Molding
10.6.2 Casting
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Thermoplastic Engine Cover Market Size Forecast by Applications
10.10.1 Passenger Car
10.10.2 Commercial Vehicle
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Thermoplastic Engine Cover Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Thermoplastic Engine Cover Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Thermoplastic Engine Cover Market Size Forecast by Type
11.6.1 Injection Molding
11.6.2 Casting
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Thermoplastic Engine Cover Market Size Forecast by Applications
11.10.1 Passenger Car
11.10.2 Commercial Vehicle
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Thermoplastic Engine Cover Analysis and Forecast
12.1 Introduction
12.2 Latin America Thermoplastic Engine Cover Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Thermoplastic Engine Cover Market Size Forecast by Type
12.6.1 Injection Molding
12.6.2 Casting
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Thermoplastic Engine Cover Market Size Forecast by Applications
12.10.1 Passenger Car
12.10.2 Commercial Vehicle
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Thermoplastic Engine Cover Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Thermoplastic Engine Cover Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Thermoplastic Engine Cover Market Size Forecast by Type
13.6.1 Injection Molding
13.6.2 Casting
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Thermoplastic Engine Cover Market Size Forecast by Applications
13.10.1 Passenger Car
13.10.2 Commercial Vehicle
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Thermoplastic Engine Cover Market: Competitive Dashboard
14.2 Global Thermoplastic Engine Cover Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Magna International
14.3.2 MAHLE
14.3.3 Toyoda Gosei
14.3.4 Montaplast GmbH
14.3.5 Polytec Group
14.3.6 The Mondragon Cooperative Corporation (MCC)
14.3.7 Rochling Group
14.3.8 Miniature Precision Components
