The COVID-19 epidemic caused uncertainty in all aspects due to supply and manufacturing disruptions in the automotive sector. Changes in customer behavior in terms of setting up a mobile environment during this crisis are changing the automotive landscape.
This epidemic situation has stopped many production lines due to trade restrictions and closed boundaries, lack of necessary parts and limited supply distribution. The growth rate of the automotive industry has been slowed by a variety of enforcement actions, including closure of workplaces and layoffs of short-term workers.
It is estimated that overall sales and revenues have declined as fears of a recession have increased. Due to limited supply of parts combined with reduced manpower, major OEMs had to stop production. The sharp decline in demand has limited cash inflow, which is very important for paying employees. As the uncertainty about the COVID-19 epidemic increases, industry leaders are taking action accordingly.
Global car engine mount market: introduction
The engine mount is a structural vehicle component with basic functions that protects the engine from road shocks and vibrations and prevents such vibrations from reaching the passenger area. The car engine mount secures the engine to the body or subframe of the car. The engine mount is simple in structure and functions by avoiding metal-to-metal contact, that is, avoiding the engine and the body. To do so, the engine mount is filled with rubber to avoid direct metal-to-metal contact between the engine and the body.
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You can also fill the engine mount with liquid and vacuum depending on the damping requirements. Some automotive OEMs have introduced electromagnetic mounts to more effectively reduce the transmission of engine vibrations to the body. In general, a car may have two or three engine mounts, which vary from manufacturer to manufacturer. Engine mounts generally have a long working life and require little maintenance and service, but once they fail, they need quick replacement as the noise and vibration inside the engine increases significantly. The engine mount market is expected to show healthy growth from moderate growth over the forecast period. The market is expected to witness the introduction of new high-tech products with improved damping properties.
Global car engine mount market: dynamics
Automakers’ focus on lightening and miniaturizing bonnet components is expected to create research and development opportunities for the development of new products or damping materials in automotive engine mounts. The favorable macroeconomic environment of developing countries and developing countries is expected to accelerate market growth as demand for automotive engine mounts increases due to increased production of automobiles. In Asia-Pacific and Africa, where vehicles have a high average operating life, it is expected that there will be significant replacement demand during the forecast period. On the other hand, existing price pressures on manufacturers are expected to affect market growth.
Global car engine mount market: segmentation
The global automotive engine mount market can be categorized by product type, vehicle type and sales channel.
The global automotive engine mount market by product type is classified as follows.
- Elastomer mount
- Passive hydraulic mount
- Active hydraulic mount
- Electromagnetic mount
The global automotive engine mount market is generally categorized by vehicle type as follows:
- Light commercial vehicle
- Large commercial vehicle
The global automotive engine mount market is generally categorized as follows by sales channel:
Global Automotive Engine Market: Regional Outlook
The growth prospects of car engine mounts are expected to remain positive during the forecast period in renowned automotive hubs in Asia Pacific, Western Europe and North America. Due to the relatively high production of passenger cars, LCV and HCV, Asia Pacific is expected to dominate demand for automotive engine mounts during the forecast period. China, India, ASEAN and South Africa are expected to be major contributors to market growth. Japan is expected to witness slow and steady growth during the forecast period. Europe is expected to be the next major market for automotive engine mounts in terms of volume and value demand over the forecast period. The market in this region is expected to remain a dynamic hotspot for research and development during the forecast period. Because this region is the basis for the key technology leaders in the automotive market. The United States is expected to account for most of the demand in the North American car mount market in the past few years.
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Global car engine mount market: market participants
Some examples of market participants identified in the global automotive engine mount market are:
- Federal -Mogul Motorparts Corporation
- LORD Corporation
- GMT Rubber Metal Technology Company
- Dea Products Inc.
- Anchor industry, corporation
- Bushing Inc.
- Tech products company
- Hangzhou EKKO Automobile Rubber Parts Co., Ltd.
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- Changes in industry dynamics
- Deep market segmentation
- Past, present and projected industry size Recent industry trends
- Main competition landscape
- Major companies and product delivery strategies
- Potential and niche markets / regions with promising growth
- Neutral view of market performance
Automotive production is mainly in the hands of a handful of large companies and small independent manufacturers, and the trend of consolidation in the automotive sector is increasing.
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