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The automotive active engine mount market share is expected to increase by USD 696.69 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 8.53%.
This automotive active engine mount market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers automotive active engine mount market segmentations by application (sedans and suvs) and geography (Europe, APAC, North America, South America, and MEA). The automotive active engine mount market report also offers information on several market vendors, including BWI Group, Continental AG, Cooper-Standard Holdings Inc., Hutchinson SA, Porsche AG, Sumitomo Riko Co.Ltd., Vibracoustic AG, Yamashita Rubber Co. Ltd., ZF Friedrichshafen AG, and Zhuzhou Times New Material Technology Co. Ltd. among others.
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Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The increasing electrification in vehicles is notably driving the automotive active engine mount market growth, although factors such as increasing adoption of evs may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automotive active engine mount industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Automotive Active Engine Mount Market Driver
The increasing electrification in vehicles are one of the key factors driving the growth of the global automotive active engine mount market. The increasing consumer needs and OEM offerings have widened to include safety, performance, stability, and comfort for gaining competitive sustainability. It resulted in the evolution of the electrification of the conventional mechanical components. The electrification of vehicles has increased the usage of automotive actuators and sensors. Upgradation in automotive electronics and developments in automotive motors have been done with the addition of modern technologies in vehicles. Active engine mount, electric steering, and infotainment systems are the most common features available in most vehicles today. Technological advancements are incorporated in several applications such as infotainment systems, heating, ventilation, and air conditioning (HVAC) systems, and several other electronic system applications. Technological advancement and their increasing adoption by end-users will boost the installation of electronic content in cars and commercial vehicles. Government regulations are forcing the deployment of active safety systems in entry-level cars and hybrid and electric vehicles. This level of penetration on electrification in vehicles would act as one of the major factors in improving the global automotive active engine mount market during the forecast period.
Key Automotive Active Engine Mount Market Trend
The plastic engine mounts for light-weighting of automobiles will fuel the global automotive active engine mount market growth. Plastics are making an increasing presence in automotive applications in the place of aluminum. ZF Friedrichshafen has developed an engine mount made of a combination of plastic and rubber instead of metal and rubber. This new plastic engine mount provides a weight reduction of nearly 25% when compared with the rubber-metal design without compromising the dampening of vibrations. The objective of using plastic in engine mounts is to maximize the lightweight construction potential of the engine mounts and further optimize their functionality and reliability. The material is lightweight, mainly due to the implementation of mount housing using fiberglass-reinforced polyamide instead of a continuous aluminum casting, which was previously used. In addition, the material used is 100% resistant to corrosion and fully recyclable. In order to develop the polyamide design, ZF Friedrichshafen uses its expertise in lightweight construction in addition to innovative calculations and manufacturing processes. This involves the creation of complex CAD models and finding out the ideal solution using simulation tools. This results in the manufacturing of close-to-production components, without the need for prototype trials and, at the same time, reduces the development cycle drastically.
Key Automotive Active Engine Mount Market Challenge
The increasing adoption of EVs is a major challenge for the global automotive active engine mount market growth. Growing emphasis on controlling emissions and reducing air pollution has made automotive manufacturers adopt the concept of electric vehicles (EVs). Although the adoption of EVs was slow initially, improvements in battery technology and charging infrastructure and support from the government through subsidies have increased their adoption. EVs are powered by a battery and a motor, which eliminates the need for an engine and a transmission system. Speed variations in EVs are automatic. The increasing adoption of EVs and consumer shift from the internal combustion engine (ICE) vehicles to EVs has slowed down the growth of automotive actuators manufacturers that manufacture engine actuators and transmission actuators. The other actuators could be common in both ICE vehicles and EVs. However, the increasing adoption of EVs has eliminated the demand for engine and transmission actuators that are used for engine components, including engine mount. This is expected to emerge as a major challenge for the manufacturers of automotive actuators during the forecast period. However, all these factors have the potential to impede the growth of the auto parts and equipment market during the forecast period.
This automotive active engine mount market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Technavio categorizes the global automotive active engine mount market as a part of the global automotive components and accessories market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the automotive active engine mount market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the automotive active engine mount market encompasses successful business strategies deployed by the key vendors. The automotive active engine mount market is concentrated and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The automotive active engine mount market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the automotive active engine mount market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the global automotive components and accessories market includes the following core components:
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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