By Engine Configuration (Inline Engines, V-Type Engines, W-Type Engines, Others (Flat Engines)); By Vehicle Type (Passenger cars, Light commercial vehicles, Heavy Commercial vehicles); By Sales Channel (Original Equipment Manufacturers, Aftermarket) - Global Demand Analysis & Opportunity Outlook 2027
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Our-in depth analysis of the global engine mounting brackets market includes the following segments:
By Engine Configuration
By Vehicle Type
By Sales Channel
By Region
Global engine mounting brackets market is further classified on the basis of region as follows:
The engine mounting brackets market is projected to grow rapidly during the forecasted period with a good CAGR due to the rise in demand for light weight engine mounting brackets, composite materials and grey cast iron. With the increase in industrialization and high economic growth across the globe also expected to contribute in the growth of engine mounting brackets market globally over the forecasted period.In terms of regional platform, Asia Pacific is anticipated to hold the largest market share of engine mounting brackets due to the increasing urbanization and industrialization along with growth in the automotive industry. Rising aftermarket sales of engine mounting brackets in this region promotes the growth of engine mounting brackets market over the forecasted period. China and India are the important contributors to the boom of automobile market due to the presence of principal passenger automobiles and heavy motor vehicle production business. This further increase the engine mounting brackets market in these regions as engine mounting brackets are widely used in automotive industry.
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Furthermore, North America is projected to develop at enormous tempo at some point of the forecasted period. Collaboration of domestic players with leading vehicle manufacturers and rising demand for automotive workshops accelerated the growth of engine mounting brackets market in this region.Europe is expected to show a lucrative growth over the forecasted period as the key players of the automobile industry have enlarged their representation in the European region. This factor led to new advancements in the existing engine models which augment the growth of engine mounting brackets market in the European region over the forecasted period.Latin America and Middle East & Africa region are anticipated to grow at a significant pace due to the increasing sales of automotive vehicles which will further result as the growth of engine mounting brackets market in this region.
Increasing consumer demand for advance technologies in automobile likely to boost the overall automotive engine mounting brackets market over the forecasted period. The use of plastic composites for manufacturing of engine mounting brackets expected to contribute in the growth of engine mounting brackets market over the forecasted period. Polyurethane bushings are broadly used with engine mounting brackets for decreasing vibrations and reducing the power loss also expected to stimulate the growth of engine mounting brackets market globally.
Technological innovations which led to the compact and light weight engine mounting brackets expected to contribute in the growth of engine mounting brackets market globally over the forecasted period. Manufacturers preferred gray cast iron and composite materials to manufacture light weight engine mounting brackets as there is a high demand for light weight engine mounting brackets across the globe.
Innovations in engine design and growing demand for noiseless and highly efficient engines are also expected to spur the growth of engine mounting brackets market during the forecasted period.
The replacement cost of existing engine mounting system with advance engine mounting system is very high. This factor is projected to act as a major restraint to the growth of engine mounting brackets market globally. Engine mounting brackets that are manufactured from steel are heavier which limits their use in few areas.
Some of the examples of market players in the global engine mounting brackets market identified across the value chain include:
Some of the examples of market players in the global engine mounting brackets market identified across the value chain include:
In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.
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