( MENAFN - EIN Presswire) Engine Encapsulation Global market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033 The Business Research Company has updated all its market reports with the latest information for the year 2024, projecting trends and forecasts until 2033 LONDON, GREATER LONDON, UNITED KINGDOM, November 4, 2024 /EINPresswire / -- The engine encapsulation market has experienced significant growth in recent years. It is projected to expand from $5.7 billion in 2023 to $6.
07 billion in 2024, reflecting a compound annual growth rate (CAGR) of 6.4%. This growth has been driven by concerns over fuel efficiency, the need to reduce noise, vibration, and harshness (NVH), stricter emission control regulations, and the emphasis on improving aerodynamics in vehicle design.
What Is The Estimated Market Size Of The Global Engine Encapsulation Market And Its Annual Growth Rate? The engine encapsulation market is expected to witness robust growth in the coming years, expanding to $7.91 billion by 2028 at a compound annual growth rate (CAGR) of 6.9%.
This growth will be driven by factors such as stricter emission standards, the increasing electrification of vehicles, the integration of advanced cooling systems, a continued focus on fuel efficiency, and the adoption of lightweight materials in vehicle design. Explore Comprehensive Insights Into The Global Engine Encapsulation Market With A Detailed Sample Report: Growth Driver Of The Engine Encapsulation Market The r.