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Global Automotive Engine Encapsulation Market Size, Industry Analysis By Segmentations, Top Key Players, Trends, Future Development & Forecast 2024-2035

  • PUBLISHED ON
  • 10/11/2022
  • NO OF PAGES
  • 262
  • CATEGORY
  • Automotive & Transportation

Market Overview:

The Global Automotive Engine Encapsulation Market size was valued at USD 6.5 billion in 2021 and is projected to grow at a CAGR of 6.4% during the forecast period. The Global Automotive Engine Encapsulation Market refers to the market for engine encapsulation systems used in vehicles. Engine encapsulation involves the use of insulating materials to surround the engine and reduce the amount of noise, vibration, and heat that escapes from the engine compartment into the vehicle cabin. Engine encapsulation can also help improve fuel efficiency by reducing aerodynamic drag and keeping the engine at a consistent temperature.

The market for automotive engine encapsulation includes the manufacturers of encapsulation materials, as well as automotive original equipment manufacturers (OEMs) who install these systems in their vehicles. The market is driven by factors such as increasing demand for fuel-efficient and environmentally-friendly vehicles, growing focus on noise reduction, and government regulations aimed at reducing vehicle emissions.

Covid-19 Impact:

The COVID-19 pandemic has had a significant impact on the global automotive engine encapsulation market. In the early stages of the pandemic, many automakers and their suppliers were forced to shut down production facilities and reduce operations due to restrictions on movement and social distancing measures. This led to a significant decline in demand for engine encapsulation systems, as well as other automotive components.

However, as the pandemic progressed, the market began to recover, driven by increasing demand for personal transportation and the gradual reopening of economies around the world. In addition, the pandemic has highlighted the importance of reducing noise pollution and improving vehicle efficiency, which has led to increased interest in engine encapsulation systems as a means of achieving these goals.

Overall, the pandemic has had a mixed impact on the global automotive engine encapsulation market, with short-term disruptions to supply chains and production facilities being offset by long-term trends towards greater focus on environmental sustainability and noise reduction.

Market Dynamics:

Drivers:

Fuel efficiency: Engine encapsulation systems can help improve the fuel efficiency of vehicles by reducing aerodynamic drag, which can result in lower emissions and cost savings for consumers.

Noise reduction: Engine encapsulation systems can help reduce engine noise and vibration, providing a quieter and more comfortable driving experience for consumers.

Emissions regulations: Engine encapsulation systems can help automakers meet strict emissions regulations, which are becoming increasingly important in many regions around the world.

Vehicle performance: Engine encapsulation systems can improve the overall performance of vehicles by reducing weight, improving aerodynamics, and reducing engine heat soak, which can result in better acceleration and handling.

Consumer demand: Consumers are becoming more aware of the benefits of engine encapsulation systems and are demanding more fuel-efficient, quieter, and environmentally friendly vehicles, which are driving automakers to adopt these systems.

Restraints:

Cost: Engine encapsulation systems can be expensive, and the additional cost may make them less appealing to cost-conscious consumers or automakers.

Maintenance: Engine encapsulation systems require regular maintenance and inspections to ensure they are functioning properly. This can be time-consuming and costly for consumers and automakers.

Compatibility: Engine encapsulation systems may not be compatible with all types of vehicles, which can limit their adoption in the market.

Regional Analysis:

North America: The North American market is expected to experience significant growth in the automotive engine encapsulation market due to the growing demand for fuel-efficient vehicles and increasing government regulations regarding emissions.

Europe: The European market is expected to have a substantial share in the global automotive engine encapsulation market due to the stringent regulations regarding vehicle emissions and the presence of major automakers in the region.

Asia-Pacific: The Asia-Pacific region is expected to experience high growth in the automotive engine encapsulation market due to the increasing demand for automobiles and the growing awareness among consumers about fuel-efficient and environmentally friendly vehicles.

Latin America: The Latin American market is expected to have a moderate growth rate due to the growing demand for passenger cars in the region.

Middle East and Africa: The Middle East and Africa market is expected to experience steady growth in the automotive engine encapsulation market due to the increasing demand for passenger cars and commercial vehicles in the region.

Market Segmentation:

By material type: Engine encapsulation systems can be made of various materials, such as thermoplastics, composites, and metals.

By vehicle type: The market can be segmented by vehicle type, such as passenger cars, commercial vehicles, and electric vehicles.

By fuel type: The market can also be segmented based on the type of fuel used by the vehicle, such as gasoline, diesel, and electric.

By sales channel: The market can be segmented by sales channel, such as OEMs (original equipment manufacturers) and aftermarket.

By application: The market can be segmented based on the application of engine encapsulation systems, such as noise reduction, fuel efficiency improvement, and emission reduction.

By region: The market can be segmented by geographical regions, such as North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.

Competitive Landscape:

The global automotive engine encapsulation market is highly competitive, with several major players dominating the market.

Some of the key players in the market include:

Autoneum

Continental AG

Dana Incorporated

ElringKlinger AG

Greiner Holding AG

Lydall Inc

Rochling Group

SA Automotive

These companies compete on the basis of product innovation, quality, price, and customer service, and they invest significantly in research and development to maintain their market position and stay ahead of their competitors.


Global Automotive Engine Encapsulation Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Automotive Engine Encapsulation market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

Global Automotive Engine Encapsulation Market: Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the size of the market and to estimate the size of various other dependent sub-markets of various marketspaces. The key players in the markets are identified through secondary research, and their market contributions in different applications across regions and globally were determined through primary and secondary research. This entire process included the study of the annual and financial reports of the top market players and extensive interviews for key insights with industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analysed to arrive at the final quantitative and qualitative data. This data has been consolidated, and detailed inputs and analysis from Analytics Market Research added before being presented in this report.

Frequently Asked Questions
• What is the market size and growth projections?
• What is the market size and growth projection for each of the market segments and sub-segments across Countries & Regions?
• What are the top performing segments, and countries / regions of each of the markets?
• What is the market size and growth rate across key countries / regions?
• How big is the global & regional market in terms of revenue and volume?
• How far market will grow in forecast period in terms of revenue and volume?
• What factors will influence demand and supply trends across each markets during the forecast period?
• What are the technology trends shaping various markets?
• Which country / region has more opportunities?
• What is the COVID-19 impact on the market and how long will it take to recover?
• Who are the key competitors of market Players?
• What are the market share (%) of Key Players?
• What are the Merger & Acquisition, New Product Launch, Recent Development within each of the Markets?
• What are PEST analysis, Ecosystem Analysis, Porter's Five Forecast Analysis, Ansoff Matrix, and SWOT Analysis among other analyses for diverse markets?
Base Year: 2023
Historic Year: 2016-2022
Forecast: 2024-2035


1 Automotive Engine Encapsulation Market Definition and Overview
1.1 Objectives of the Study
1.2 Overview of Automotive Engine Encapsulation
1.3 Automotive Engine Encapsulation Market Scope and Market Size Estimation
1.4 Market Segmentation
1.4.1 Types of Automotive Engine Encapsulation
1.4.2 Applications of Automotive Engine Encapsulation
1.5 Market Exchange Rate

2 Research Method and Logic
2.1 Methodology
2.2 Research Data Source

3 Market Competition Analysis
3.1 Ugn Market Performance Analysis
3.1.1 Ugn Basic Information
3.1.2 Product and Service Analysis
3.1.3 Strategies for Company to Deal with the Impact of COVID-19
3.1.4 Ugn Sales, Value, Price, Gross Margin 2016-2021
3.2 Roechling Market Performance Analysis
3.2.1 Roechling Basic Information
3.2.2 Product and Service Analysis
3.2.3 Strategies for Company to Deal with the Impact of COVID-19
3.2.4 Roechling Sales, Value, Price, Gross Margin 2016-2021
3.3 Hennecke Market Performance Analysis
3.3.1 Hennecke Basic Information
3.3.2 Product and Service Analysis
3.3.3 Strategies for Company to Deal with the Impact of COVID-19
3.3.4 Hennecke Sales, Value, Price, Gross Margin 2016-2021
3.4 Polytec Holding Market Performance Analysis
3.4.1 Polytec Holding Basic Information
3.4.2 Product and Service Analysis
3.4.3 Strategies for Company to Deal with the Impact of COVID-19
3.4.4 Polytec Holding Sales, Value, Price, Gross Margin 2016-2021
3.5 Continental Market Performance Analysis
3.5.1 Continental Basic Information
3.5.2 Product and Service Analysis
3.5.3 Strategies for Company to Deal with the Impact of COVID-19
3.5.4 Continental Sales, Value, Price, Gross Margin 2016-2021
3.6 Elringklinger Market Performance Analysis
3.6.1 Elringklinger Basic Information
3.6.2 Product and Service Analysis
3.6.3 Strategies for Company to Deal with the Impact of COVID-19
3.6.4 Elringklinger Sales, Value, Price, Gross Margin 2016-2021
3.7 Uniproducts (India) Market Performance Analysis
3.7.1 Uniproducts (India) Basic Information
3.7.2 Product and Service Analysis
3.7.3 Strategies for Company to Deal with the Impact of COVID-19
3.7.4 Uniproducts (India) Sales, Value, Price, Gross Margin 2016-2021
3.8 Furukawa Electric Market Performance Analysis
3.8.1 Furukawa Electric Basic Information
3.8.2 Product and Service Analysis
3.8.3 Strategies for Company to Deal with the Impact of COVID-19
3.8.4 Furukawa Electric Sales, Value, Price, Gross Margin 2016-2021
3.9 Saint-Gobain Isover Market Performance Analysis
3.9.1 Saint-Gobain Isover Basic Information
3.9.2 Product and Service Analysis
3.9.3 Strategies for Company to Deal with the Impact of COVID-19
3.9.4 Saint-Gobain Isover Sales, Value, Price, Gross Margin 2016-2021
3.10 Woco Industrietechnik Market Performance Analysis
3.10.1 Woco Industrietechnik Basic Information
3.10.2 Product and Service Analysis
3.10.3 Strategies for Company to Deal with the Impact of COVID-19
3.10.4 Woco Industrietechnik Sales, Value, Price, Gross Margin 2016-2021
3.11 Adler Pelzer Market Performance Analysis
3.11.1 Adler Pelzer Basic Information
3.11.2 Product and Service Analysis
3.11.3 Strategies for Company to Deal with the Impact of COVID-19
3.11.4 Adler Pelzer Sales, Value, Price, Gross Margin 2016-2021
3.12 Autoneum Market Performance Analysis
3.12.1 Autoneum Basic Information
3.12.2 Product and Service Analysis
3.12.3 Strategies for Company to Deal with the Impact of COVID-19
3.12.4 Autoneum Sales, Value, Price, Gross Margin 2016-2021
3.13 3m Deutschland Market Performance Analysis
3.13.1 3m Deutschland Basic Information
3.13.2 Product and Service Analysis
3.13.3 Strategies for Company to Deal with the Impact of COVID-19
3.13.4 3m Deutschland Sales, Value, Price, Gross Margin 2016-2021
3.14 Greiner Group Market Performance Analysis
3.14.1 Greiner Group Basic Information
3.14.2 Product and Service Analysis
3.14.3 Strategies for Company to Deal with the Impact of COVID-19
3.14.4 Greiner Group Sales, Value, Price, Gross Margin 2016-2021
3.15 Carcoustics Shared Services Market Performance Analysis
3.15.1 Carcoustics Shared Services Basic Information
3.15.2 Product and Service Analysis
3.15.3 Strategies for Company to Deal with the Impact of COVID-19
3.15.4 Carcoustics Shared Services Sales, Value, Price, Gross Margin 2016-2021
3.16 Sa Automotive Market Performance Analysis
3.16.1 Sa Automotive Basic Information
3.16.2 Product and Service Analysis
3.16.3 Strategies for Company to Deal with the Impact of COVID-19
3.16.4 Sa Automotive Sales, Value, Price, Gross Margin 2016-2021

4 Market Segment by Type, Historical Data and Market Forecasts
4.1 Global Automotive Engine Encapsulation Production and Value by Type
4.1.1 Global Automotive Engine Encapsulation Production by Type 2016-2021
4.1.2 Global Automotive Engine Encapsulation Market Value by Type 2016-2021
4.2 Global Automotive Engine Encapsulation Market Production, Value and Growth Rate by Type 2016-2021
4.2.1 Engine-mounted Market Production, Value and Growth Rate
4.2.2 Body-mounted Market Production, Value and Growth Rate
4.3 Global Automotive Engine Encapsulation Production and Value Forecast by Type
4.3.1 Global Automotive Engine Encapsulation Production Forecast by Type 2022-2030
4.3.2 Global Automotive Engine Encapsulation Market Value Forecast by Type 2022-2030
4.4 Global Automotive Engine Encapsulation Market Production, Value and Growth Rate by Type Forecast 2022-2030
4.4.1 Engine-mounted Market Production, Value and Growth Rate Forecast
4.4.2 Body-mounted Market Production, Value and Growth Rate Forecast

5 Market Segment by Application, Historical Data and Market Forecasts
5.1 Global Automotive Engine Encapsulation Consumption and Value by Application
5.1.1 Global Automotive Engine Encapsulation Consumption by Application 2016-2021
5.1.2 Global Automotive Engine Encapsulation Market Value by Application 2016-2021
5.2 Global Automotive Engine Encapsulation Market Consumption, Value and Growth Rate by Application 2016-2021
5.2.1 Passenger Vehicle (PV) Market Consumption, Value and Growth Rate
5.2.2 Light Commercial Vehicle (LCV) Market Consumption, Value and Growth Rate
5.2.3 Heavy Commercial Vehicle (HCV) Market Consumption, Value and Growth Rate
5.2.4 Electric Vehicle (EV) Market Consumption, Value and Growth Rate
5.3 Global Automotive Engine Encapsulation Consumption and Value Forecast by Application
5.3.1 Global Automotive Engine Encapsulation Consumption Forecast by Application 2022-2030
5.3.2 Global Automotive Engine Encapsulation Market Value Forecast by Application 2022-2030
5.4 Global Automotive Engine Encapsulation Market Consumption, Value and Growth Rate by Application Forecast 2022-2030
5.4.1 Passenger Vehicle (PV) Market Consumption, Value and Growth Rate Forecast
5.4.2 Light Commercial Vehicle (LCV) Market Consumption, Value and Growth Rate Forecast
5.4.3 Heavy Commercial Vehicle (HCV) Market Consumption, Value and Growth Rate Forecast
5.4.4 Electric Vehicle (EV) Market Consumption, Value and Growth Rate Forecast

6 Global Automotive Engine Encapsulation by Region, Historical Data and Market Forecasts
6.1 Global Automotive Engine Encapsulation Sales by Region 2016-2021
6.2 Global Automotive Engine Encapsulation Market Value by Region 2016-2021
6.3 Global Automotive Engine Encapsulation Market Sales, Value and Growth Rate by Region 2016-2021
6.3.1 North America
6.3.2 Europe
6.3.3 Asia Pacific
6.3.4 South America
6.3.5 Middle East and Africa
6.4 Global Automotive Engine Encapsulation Sales Forecast by Region 2022-2030
6.5 Global Automotive Engine Encapsulation Market Value Forecast by Region 2022-2030
6.6 Global Automotive Engine Encapsulation Market Sales, Value and Growth Rate Forecast by Region 2022-2030
6.6.1 North America
6.6.2 Europe
6.6.3 Asia Pacific
6.6.4 South America
6.6.5 Middle East and Africa

7 United State Market Size Analysis 2016-2030
7.1 United State Automotive Engine Encapsulation Value and Market Growth 2016-2021
7.2 United State Automotive Engine Encapsulation Sales and Market Growth 2016-2021
7.3 United State Automotive Engine Encapsulation Market Value Forecast 2022-2030

8 Canada Market Size Analysis 2016-2030
8.1 Canada Automotive Engine Encapsulation Value and Market Growth 2016-2021
8.2 Canada Automotive Engine Encapsulation Sales and Market Growth 2016-2021
8.3 Canada Automotive Engine Encapsulation Market Value Forecast 2022-2030

9 Germany Market Size Analysis 2016-2030
9.1 Germany Automotive Engine Encapsulation Value and Market Growth 2016-2021
9.2 Germany Automotive Engine Encapsulation Sales and Market Growth 2016-2021
9.3 Germany Automotive Engine Encapsulation Market Value Forecast 2022-2030

10 UK Market Size Analysis 2016-2030
10.1 UK Automotive Engine Encapsulation Value and Market Growth 2016-2021
10.2 UK Automotive Engine Encapsulation Sales and Market Growth 2016-2021
10.3 UK Automotive Engine Encapsulation Market Value Forecast 2022-2030

11 France Market Size Analysis 2016-2030
11.1 France Automotive Engine Encapsulation Value and Market Growth 2016-2021
11.2 France Automotive Engine Encapsulation Sales and Market Growth 2016-2021
11.3 France Automotive Engine Encapsulation Market Value Forecast 2022-2030

12 Italy Market Size Analysis 2016-2030
12.1 Italy Automotive Engine Encapsulation Value and Market Growth 2016-2021
12.2 Italy Automotive Engine Encapsulation Sales and Market Growth 2016-2021
12.3 Italy Automotive Engine Encapsulation Market Value Forecast 2022-2030

13 Spain Market Size Analysis 2016-2030
13.1 Spain Automotive Engine Encapsulation Value and Market Growth 2016-2021
13.2 Spain Automotive Engine Encapsulation Sales and Market Growth 2016-2021
13.3 Spain Automotive Engine Encapsulation Market Value Forecast 2022-2030

14 Russia Market Size Analysis 2016-2030
14.1 Russia Automotive Engine Encapsulation Value and Market Growth 2016-2021
14.2 Russia Automotive Engine Encapsulation Sales and Market Growth 2016-2021
14.3 Russia Automotive Engine Encapsulation Market Value Forecast 2022-2030

15 China Market Size Analysis 2016-2030
15.1 China Automotive Engine Encapsulation Value and Market Growth 2016-2021
15.2 China Automotive Engine Encapsulation Sales and Market Growth 2016-2021
15.3 China Automotive Engine Encapsulation Market Value Forecast 2022-2030

16 Japan Market Size Analysis 2016-2030
16.1 Japan Automotive Engine Encapsulation Value and Market Growth 2016-2021
16.2 Japan Automotive Engine Encapsulation Sales and Market Growth 2016-2021
16.3 Japan Automotive Engine Encapsulation Market Value Forecast 2022-2030

17 South Korea Market Size Analysis 2016-2030
17.1 South Korea Automotive Engine Encapsulation Value and Market Growth 2016-2021
17.2 South Korea Automotive Engine Encapsulation Sales and Market Growth 2016-2021
17.3 South Korea Automotive Engine Encapsulation Market Value Forecast 2022-2030

18 Australia Market Size Analysis 2016-2030
18.1 Australia Automotive Engine Encapsulation Value and Market Growth 2016-2021
18.2 Australia Automotive Engine Encapsulation Sales and Market Growth 2016-2021
18.3 Australia Automotive Engine Encapsulation Market Value Forecast 2022-2030

19 Thailand Market Size Analysis 2016-2030
19.1 Thailand Automotive Engine Encapsulation Value and Market Growth 2016-2021
19.2 Thailand Automotive Engine Encapsulation Sales and Market Growth 2016-2021
19.3 Thailand Automotive Engine Encapsulation Market Value Forecast 2022-2030

20 Brazil Market Size Analysis 2016-2030
20.1 Brazil Automotive Engine Encapsulation Value and Market Growth 2016-2021
20.2 Brazil Automotive Engine Encapsulation Sales and Market Growth 2016-2021
20.3 Brazil Automotive Engine Encapsulation Market Value Forecast 2022-2030

21 Argentina Market Size Analysis 2016-2030
21.1 Argentina Automotive Engine Encapsulation Value and Market Growth 2016-2021
21.2 Argentina Automotive Engine Encapsulation Sales and Market Growth 2016-2021
21.3 Argentina Automotive Engine Encapsulation Market Value Forecast 2022-2030

22 Chile Market Size Analysis 2016-2030
22.1 Chile Automotive Engine Encapsulation Value and Market Growth 2016-2021
22.2 Chile Automotive Engine Encapsulation Sales and Market Growth 2016-2021
22.3 Chile Automotive Engine Encapsulation Market Value Forecast 2022-2030

23 South Africa Market Size Analysis 2016-2030
23.1 South Africa Automotive Engine Encapsulation Value and Market Growth 2016-2021
23.2 South Africa Automotive Engine Encapsulation Sales and Market Growth 2016-2021
23.3 South Africa Automotive Engine Encapsulation Market Value Forecast 2022-2030

24 Egypt Market Size Analysis 2016-2030
24.1 Egypt Automotive Engine Encapsulation Value and Market Growth 2016-2021
24.2 Egypt Automotive Engine Encapsulation Sales and Market Growth 2016-2021
24.3 Egypt Automotive Engine Encapsulation Market Value Forecast 2022-2030

25 UAE Market Size Analysis 2016-2030
25.1 UAE Automotive Engine Encapsulation Value and Market Growth 2016-2021
25.2 UAE Automotive Engine Encapsulation Sales and Market Growth 2016-2021
25.3 UAE Automotive Engine Encapsulation Market Value Forecast 2022-2030

26 Saudi Arabia Market Size Analysis 2016-2030
26.1 Saudi Arabia Automotive Engine Encapsulation Value and Market Growth 2016-2021
26.2 Saudi Arabia Automotive Engine Encapsulation Sales and Market Growth 2016-2021
26.3 Saudi Arabia Automotive Engine Encapsulation Market Value Forecast 2022-2030

27 Market Dynamic Analysis and Development Suggestions
27.1 Market Drivers
27.2 Market Development Constraints
27.3 PEST Analysis
27.3.1 Political Factors
27.3.2 Economic Factors
27.3.3 Social Factors
27.3.4 Technological Factors
27.4 Industry Trends Under COVID-19
27.4.1 Risk Assessment on COVID-19
27.4.2 Assessment of the Overall Impact of COVID-19 on the Industry
27.4.3 Pre COVID-19 and Post COVID-19 Market Scenario
27.5 Market Entry Strategy Analysis
27.5.1 Market Definition
27.5.2 Client
27.5.3 Distribution Model
27.5.4 Product Messaging and Positioning
27.5.5 Price
27.6 Advice on Entering the Market

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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached Straits Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2028.


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