Engine Mounts and Engine Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented 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 2023
Published Date: April - 2025 | Publisher: MIR | No of Pages: 320 | Industry: Automotive | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request Customization| Forecast Period | 2024-2028 |
| Market Size (2022) | USD 87 Billion |
| CAGR (2023-2028) | 6.1% |
| Fastest Growing Segment | Passenger Car |
| Largest Market | Asia-Pacific |
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Market Overview
Global Engine Mounts and Engine Market has been valued at USD 87 billion in 2022 and is expected to forecast strong growth in the forecast period with a CAGR of 6.1%.
The international market for engine mounts and engines is growing at an alarming rate, driven by the continuous development of automotive technology and the increasing need for automobiles across the globe. These developments have opened doors to the manufacture of more efficient engines and mounts, thus increasing their lifespan as well as fuel efficiency, a factor that largely attracts automotive makers to maximize their products.
In the Asia-Pacific market, specifically, the market is seeing strong growth thanks to the high-performing automotive industry of the region. As emerging economies grew and consumer purchasing power increased, demand for automobiles skyrocketed, necessitating high-quality engine mounts and engines capable of withstanding the expectations of today's motorists.
But the market is not free of problems. The increasing focus on environmental sustainability and the imposition of more stringent emission regulations are forcing the sector to look for more sustainable and efficient solutions. The transition towards environmentally friendly technologies could hinder growth in some of these regions short-term while producers adjust to the new conditions. Still, the overall market picture is favorable, buoyed by the unrelenting pursuit of innovation and the continually expanding need for vehicles worldwide.
Key Market Drivers
Automotive Industry Expansion
The key driver for the engine mounts and engine market is the strong expansion of the automotive industry itself. With growing vehicle demand, particularly in developing economies where transportation demands are escalating, there is a direct and proportional rise in the demand for engine mounts and engines. With an increasing number of individuals wanting to own vehicles and other means of transportation, the demand for efficient and dependable engine parts rises. This presents a conducive market condition for engine mount producers and engine suppliers to address the increasing needs of the automotive sector.
Technological Advancements
Technological advancements persist in transforming the engine mounts and engine industry. As consumers demand smoother and quieter rides, manufacturers are emphasizing research and development into advanced engine mounts that efficiently cancel out noise and vibration while at the same time improving overall car performance and ride comfort. The trend not only plays a great role in increasing market growth but also provides an enhanced driving experience for customers.
Emission Regulations
Stricter emission regulations are being implemented worldwide as part of comprehensive efforts to combat environmental pollution. These regulations aim to not only prioritize efficient engine operation but also emphasize the crucial role of high-quality engine mounts in achieving emission reduction goals. Engine mounts, by ensuring proper engine stability and minimizing vibrations, contribute significantly to reducing harmful emissions and promoting a greener future for our planet. With their sophisticated design and cutting-edge technology, these engine mounts offer a dependable solution that promotes sustainable transportation and contributes to a cleaner and healthier world for future generations.
Electric Vehicles Market
The strong growth of the electric vehicle (EV) market is driven not only by rising demand for individual engine mounts suited to electric engines but also by growing numbers of people and companies willing to accept EV uptake. With the world shifting towards eco-friendly transport, demand for competent and efficient engine mounts specific to electric vehicles becomes ever more imperative. This trend should have a great and beneficial influence on the market, pushing electric vehicle technology in the direction of more innovation and developments. It is likely to lead to higher spending by producers on research and development, yielding better battery performance, longer ranges, and even quicker charging speeds. Moreover, advances in engine mounts will allow for better comfort in riding as well as minimized vibrations, rendering electric vehicles still more attractive for buyers. As a whole, the expansion of the electric car market and demand for specialized engine mounts reflect a promising future for environmentally friendly transport and cleaner, greener transportation solutions.
Replacement Market
The market for engine mounts replacement is not just propelled by time-related wear and tear but also by the requirement for maintaining peak performance and safety of vehicles. With time, engine mounts become weaker and may result in heightened vibrations, increased noise, and even loss of stability. Thus, replacement of engine mounts from time to time is important to achieve a smooth and comfortable ride as well as address the need for efficient and safe vehicle operation.
Luxury and Sport Cars Market
The fast-growing luxury and sport cars market, with their demands for high-performing and exceedingly smooth-running motors, is behind the demand for high-performance engine mounts. Specifically designed to produce maximum stability and vibration isolation for a superior car ride, they are the engine mounts of choice for discerning car owners who demand the ultimate driving experience. As the automobile market continues to challenge the limits of performance and comfort, the significance of sophisticated engine mounts grows stronger, further establishing their place as a key component in the quest for automobile greatness.
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Economic Development
The expansion of the economy within various regions invokes a rise in disposable income, and consequently the demand for vehicles increases. Therefore, the rise in economic advancement indirectly boosts the engine mounts and engine market by encouraging people to meet their mode of transport wants and desires. Consequently, there is an influx of demand in the engine mounts and engine products, resulting in business opportunities and expansion in the automotive sector.
Automotive Aftermarket Industry
Finally, the rapidly growing automotive aftermarket market is a major contributor to the market growth of engine mounts. With car owners working hard to not only keep their cars running but also improve their performance and longevity, there is an increasing demand for quality engine mounts in the aftermarket market. These engine mounts, which are built to survive the stresses of normal use and deliver enhanced vibration isolation, are an integral part of ensuring smooth and efficient running of the engine of a vehicle. As technology advances and there is greater emphasis on vehicle personalization, the world of the aftermarket sees progress in terms of types and quality of engine mounts available for sale.
Key Market Challenges
Technological Improvements
New technologies and accelerated innovation can be a major challenge to manufacturers in this industry. The constantly changing environment demands that manufacturers quickly adapt, not just to remain competitive but also to address the evolving needs and requirements of customers. Adjusting to new technologies often requires heavy capital outlays and technical know-how, which can stretch resources and demand meticulous planning and resource allocation. But embracing such new technologies also offers manufacturers possibilities for growth and efficiency, leading ultimately to their long-term success in a growing more dynamic market.
Regulatory Compliance
With nations globally increasing environmental standards, manufacturers are compelled by the imperative to see their products fully compliant. This most often requires needing to go through massive re-engineering of product or needing to make extensive manufacturing process changes. These changes can be time-consuming and expensive, needing careful planning and implementation. Nevertheless, the long-term advantages of adopting green practices and complying with environmental standards far outweigh the short-term difficulties since it not only provides regulatory compliance but also serves to preserve the planet for future generations.
Supply Chain Disruptions
With parts sourced worldwide, supply chain disruptions can have drastically negative effects on production. Either through political instability, natural disasters, or trade disputes, these interruptions can be unexpected and hard to control. For instance, political instability in a nation can cause delays in receiving essential raw materials, while a natural disaster in another area can cause transportation problems. Moreover, trade disputes among nations can impose tariffs and limitations, making the supply chain even more challenging. Hence, it is important for companies to actively evaluate and manage these risks to have a smooth and unbroken movement of materials and products.
Competitive Landscape
The world engines and engine mounts market is marked with heavy competition among producers. Manufacturers need to not only supply high-quality products consistently, but also at competitive prices in order to hold on to their share in the market. But this intense competition can put heavy pressure on profitability, and thus manufacturers need to strategize well and innovate to lead the market.
Customer Preferences
Shifting consumer tastes can also constitute a substantial challenge for manufacturers. With the changing market of today, where customers are increasingly realizing the value of fuel efficiency and eco-friendly choices, manufacturers need to change not only their product lines but also invest in research and development in order to remain competitive. By recognizing and addressing these shifting requirements, producers can ensure that they keep abreast of the needs and requirements of their customers while advancing on the fronts of sustainability and innovation.
Economic Uncertainty
The volatility of the world economy can heavily influence the demand for these items. During recession periods, when there is poor consumer confidence, the demand lowers as buyers delay making major purchases, turning instead to less expensive substitutes or delaying purchases altogether. This volatility presents manufacturers with challenges in managing their production and inventory planning initiatives because they have to ride out unstable market situations and adjust accordingly.
Skilled Labor Shortage
Aside from the above issues, securing skilled labor to man sophisticated machinery and technology can be a challenging feat. The lack of qualified workers not only results in possible delays in production and higher labor costs, but also in the overall efficiency and effectiveness of operations. It becomes a necessity for businesses to invest in training programs and talent development campaigns to fill the gap and bring on board the right kind of workforce that will be able to utilize the total potential of top-of-the-range equipment and machinery.
Intellectual Property Protection
Intellectual property protection in the increasingly globalizing market can turn out to be a complicated affair. With the quick pace of technological growth and ease of information dissemination, manufacturers are always at risk of unauthorized use or patent infringement of their designs and patents. In this fast-changing environment, it becomes imperative for manufacturers to actively take strong measures and strategies to protect their intellectual property rights. This can include securing not just patents but also adopting efficient enforcement procedures that can cope with possible issues of infringement on a cross-border basis. With this, companies can be confident that their groundbreaking inventions are being protected, helping to create an environment that stimulates further innovation and development.
Key Market Trends
Lightweight Materials Revolutionizing Engine Mounts
The application of state-of-the-art lightweight materials, including aluminum, carbon fiber, and high-strength steel, is transforming engine mounts in the automotive sector. The new materials provide an ideal blend of strength and lightweight engineering, which enables engine mount producers to produce engine mounts that are not only strong but also much lighter. This transition to lightweight engine mounts has many advantages, including better fuel economy and less emissions. By minimizing the vehicle's weight, these new mounts help the automobile sector achieve its goal of sustainability, paving the way for a greener and more environmentally friendly future.
Active Engine Mounts for Improved Comfort
Active engine mounts, which are fitted with sophisticated sensors and actuators, are becoming increasingly prominent in the market. With their capacity to actively modify the stiffness and damping properties in real-time, these mounts efficiently control engine vibrations and noise levels, providing a very smooth and quiet ride for vehicle occupants. As the automotive sector focuses more on passenger comfort, the demand for these revolutionary active engine mounts keeps growing. Their capacity to accurately respond to changing driving conditions guarantees maximum performance, reducing vibrations and maximizing comfort for an exceptional driving experience.
Electric Vehicle (EV) Integration Driving Specialized Mounts
The explosive increase in electric vehicles is transforming the engine mounts business. Electric motors, being naturally quieter and with fewer vibrations than internal combustion engines (ICEs), need dedicated engine mounts able to properly fit the distinctive behavior of electric powertrains. These dedicated mounts are engineered to deliver maximum support, stability, and vibration isolation, allowing the electric vehicle to run smoothly and efficiently. With the ongoing growth of the EV market and wide adoption of electric powertrains, demand for these dedicated engine mounts is likely to shoot up, prompting innovation and improvements in this industry. As the electric vehicle market continues to evolve, so too does the demand for trustworthy and high-performance engine mounts that will address the requirements of this fast-expanding market.
Strict Emissions Controls Affecting Engine Design
Strict emissions controls throughout the world are forcing motor vehicle manufacturers to create cleaner and more fuel-efficient engines. This emphasis on minimized emissions directly affects engine design, creating cleaner and more efficient powerplants. Therefore, engine mounts have to be modified to fit these new engine designs, such as downsized turbocharged engines, hybrid powertrains, and electric motors. These modifications consist of the optimization of the mounting system to offer improved stability and vibration isolation to allow the smooth running of these sophisticated powerplants. In addition, the greater use of high-level engine technologies, including exhaust gas recirculation and selective catalytic reduction, also requires more finetuning of engine mounting solutions to house the added pieces and their related weight and vibrations. By working through these mounting issues, automotive makers can remain in compliance with, and even surpass, emissions standards and provide better performance and driving experiences to customers.
Safety Standards Requiring Durable Engine Mounts
Globalization of Supply Chains for Efficiency and Risk Mitigation
The engine mounts and engine industry is very globalized, with the manufacturers importing components and materials from around the world. Although the globalization provides cheap production and access to different materials, it also makes the industry susceptible to supply chain risks, as seen during the COVID-19 pandemic. In order to counter these risks, companies are diversifying their supply chains more and seeking local sources.
Market Consolidation and Competitive Pressure
The market is witnessing a process of market consolidation, where small companies are being acquired by big players to build their product basket and geographical reach. This market consolidation is propelled by the search for economies of scale and improved competitiveness. Market players are finding themselves under increased pressure to innovate and differentiate themselves to stay in the game within this changing market.
Segmental Insights
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Fuel Type Insights
Under the 'Fuel Type' category, the Global Engine Mounts and Engine Market can be segmented into gasoline, diesel, and others. Despite the gradual push towards electric and hybrid vehicles, gasoline and diesel remain the top fuel types powering vehicles across the globe. Gasoline engines, thanks to their cost-effectiveness and lightness, continue to dominate passenger car sectors, particularly in emerging economies. On the other hand, diesel engines, known for their durability and fuel efficiency, hold a significant share in the commercial vehicle segment. The 'others' segment, which includes alternative fuels like natural gas and biofuels, is gaining traction but remains minor in comparison. However, rapid technological advancements and increasing environmental awareness present potential growth for this segment in the future.
Vehicle Type Insights
The global engine mounts and engine market is segmented into various vehicle types, including passenger cars, light commercial vehicles, and heavy commercial vehicles. Passenger cars currently hold the largest market share, driven by the exponential growth in automobile sales globally. The rise in disposable income and an improved standard of living have contributed to the increased demand for passenger vehicles. Light commercial vehicles follow closely with a significant market share, thanks to their versatility in terms of utility and adaptability for various business needs. Heavy commercial vehicles, although they have a smaller market share, are vital in the freight and logistics industry, and market growth is expected in this segment as global trade expands. It's important to note that all segments are also influenced by technological advancements in engine design and mounting solutions.
Regional Insights
The global engine mounts and engine market is characterized by diverse trends across different regions. In North America, the market is propelled by technological advancements and the presence of several key automotive players. Europe harbors a robust automotive sector, with a keen focus on enhancing engine performance and reducing environmental impact, driving the market significantly. Asia-Pacific, led by China, India, and Japan, is witnessing a boom due to rapid industrialization and increased vehicle production. Meanwhile, emerging economies in Latin America and Africa offer potential growth opportunities, capitalizing on increasing automobile demand and strengthening infrastructure.
Recent Developments
- In October 2021, Continental announcedsupply contracts for engine mounts for several vehicle manufacturers in Europe,the US, and China and showcased its capability to supply tailor-made solutionsvia collaborations with OEMs.
- In February 2021, BASF announced that itis expanding its product portfolio of polyamides for the high-temperature rangeby developing new heat-stabilized Ultramid® B3PG6 BK23238 for thehigh-temperature range.
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
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By Engine Type |
By Fuel Type |
By Engine Mounts |
By Vehicle Type |
By Region |
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