Automotive Engine and Engine Mounts Market

Global Automotive Engine and Engine Mounts Market Size (2024 to 2032)

The global automotive engine and engine mounts market was valued at USD 97.65 billion in 2023 and is anticipated to reach a valuation of USD 103.56 billion in 2024 from USD 165.68 billion by 2032, growing at a CAGR of 6.05% from 2024 to 2032.

The engine mount is the part of the car that the engine lies on. Its main purpose is to connect the car engine to the car chassis. In general, a car can have two or three motor mounts, which vary from manufacturer to manufacturer. Automobile engines are fuel-consuming machines widely used in buses, aeroplanes, motorcycles, and other vehicles. They improve the efficiency of the vehicle. L4, L6, V6, and V8 are some of the common engine types. The increasing use of these automotive engines and engine mounts among high-end users is the main driver of growth in this market.

The growing demand for small, fuel-efficient engines is the main driver of growth in these markets. Engine mounts generally have a long life and require little maintenance and upkeep, but once they break, they must be replaced quickly as engine noise and car vibrations increase significantly. The market is expected to witness the introduction of new and advanced products with improved damping characteristics. The cost of replacing car shock absorber mounts is likely to vary widely as it depends on the make and model of the vehicle.

Market Drivers

Increasing passenger vehicle and utility vehicle production volumes are supposed to drive the global automotive engine and engine mounts market over the outlook period. Rapid improvements by automakers to develop materials with better damping effects are likely to drive the automotive engine mounts market in the coming years. Increased consumer awareness of improving vehicle fuel efficiency by reducing vehicle emissions is estimated to further boost the automotive engine mounts market over the conjecture period. The increasing investments made by leading sports car manufacturers to provide advanced engine mounts capable of providing maximum vibration damping is essential in the case of high-performance vehicles such as motor vehicles. Sports cars are foreseen to further stimulate the global automotive engine and engine mount market in the near future.

Market Restraints

Increasing efforts by OEMs and governments in various countries around the world are expected to spur the development and use of electric vehicles, which do not require the motor and motor mount for their operation, limiting the automotive engine and engine mount market during the estimated period.

Impact Of COVID-19 on The Automotive Engine and Engine Mounts Market

The coronavirus pandemic has had a quick and serious effect on the universally incorporated car industry. Indications remember a disturbance for Chinese parts sent out, huge scope fabricating interferences across Europe and the conclusion of assembling plants in the United States. This is setting serious weight on an industry previously adapting to a downshift in worldwide interest, and likely prompting expanded mergers and securing action.

Mechanical Equipment organizations are wrestling with the quick effect of COVID-19 as both their assembling and supply chain tasks are being disturbed, and their clients' activities face comparative difficulties. This is having an exponential impact on the entire provider organization, hitting Industrial Equipment organizations with a slack, yet at full power in any case.  

REPORT COVERAGE

SEGMENT ANALYSIS

Global Automotive Engine and Engine Mounts Market Analysis By Product Type

The elastomeric mounts segment is expected to dominate the automotive engine and engine mounts market during the outlook period due to the advantages offered by elastomeric mounts, such as low noise and vibration, improved engine life, improved engine flexibility, and high engine performance compared to other types of engine mounts.

Global Automotive Engine and Engine Mounts Market Analysis By Vehicle Type

The passenger cars segment is foreseen to experience considerable growth during the conjecture period due to higher passenger vehicle production volumes in recent years.

Global Automotive Engine and Engine Mounts Market Analysis By Sales Channel

The aftermarket segment is estimated to develop at a significant growth rate during the forecast period due to the need to replace a vehicle's engine mount when it breaks down, due to excessive engine vibration after use that is dragged on.

REGIONAL ANALYSIS

The United States is anticipated to account for a significant portion of the demand in the North American automotive engine and engine mounts market in the coming years. Europe is expected to be the next major market for automotive engine mounts, in terms of volume and value demand over the foreseen period. The region's market is estimated to remain a dynamic access point for research and development during the outlook period, as the region is a base for key technology leaders in the automotive business. With the surge in the manufacturing of passenger cars and commercial vehicles, the Asia-Pacific is estimated to develop with a significant growth rate in automobile engine mounts business over the conjecture period. China, India, ASEAN, and South Africa are expected to be the main contributors to market growth. Japan is predicted to experience moderate and steady growth during the envisioned period.

KEY MARKET PLAYERS

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, Yamashita Rubber, Sumitomo Riko Company Limited, ZF Friedrichshafen AG, BOGE Rubber & Plastics, BWI Group. These are the market players that are dominating the global automotive engine and engine mounts market.

RECENT HAPPENINGS IN THE GLOBAL AUTOMOTIVE ENGINE AND ENGINE MOUNTS MARKET

• Large Italian American automaker Fiat Chrysler Automobiles (FCA) filed a commercial lawsuit aimed at preventing Mahindra & Mahindra (M&M) from selling a recently launched all-terrain vehicle in the United States, alleging that the Indian vehicle had been scammed designs of his iconic Jeep.
• Hyundai Motor India Ltd, the country's second-largest automaker, is betting on diesel vehicles to narrow the sales gap with market leader Maruti Suzuki India Ltd, which will stop offering diesel vehicles from April 1, in accordance with the implementation of the strict Bharat Stage VI Emissions Standards (BS VI).

DETAILED SEGMENTATION OF THE GLOBAL AUTOMOTIVE ENGINE AND ENGINE MOUNTS MARKET

This research report on the global automotive engine and engine mounts market is segmented and sub-segmented into the following categories.

By Product Type

• Elastomeric Mounts
• Passive Hydraulic Mounts
• Active Hydraulic Mounts
• Electromagnetic Mounts

By Vehicle Type

• Passenger Cars
• Light Commercial Vehicles
• Heavy Commercial Vehicles

By Sales Channel

• OEM
• Aftermarket

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa