Automotive Cylinder Head Market set to reach US$ 10,380 million by 2022
February 21, 2020
Automotive Cylinder Head Market Overview:
The global automotive cylinder head market was valued at US$ 8,737 million in 2016 and is likely to grow at a CAGR of 2.9% over the next five years to reach US$ 10,380 million in 2022. Organic growth in the automobile production, owing to increasing disposable income and growing urbanization and increasing demand for the lightweight cylinder head to reduce the overall vehicle weight for achieving stringent government regulations, such as CAFÉ Standards, are the major growth drivers of the global automotive cylinder head market.
The Diverse Stand Points:
The true picture of the market shall not emerge till the time the market is analysed from various point of views. Each vantage point give better understanding of the market. The market of Automotive Cylinder head has been view from various perspectives such as:
- By Vehicle Type (Passenger Car, LCV, M&HCV)
- By Material Type (Aluminum Cylinder Head, Iron Cylinder Head)
- By Source Type (In-house Manufacturing, Independent Manufacturing)
- By Region (North America, Europe, Asia-Pacific, and RoW)
Each view helps us answer a prominent question, and we bring out the best market intelligence which is of interest to each and every player in the market, no matter where he lies in the value chain.
The answers to the prominent questions which are evinced out of above slicing of the market are:
- Which are the best performing segments of the market?
- Which is the most dominant region?
- Who are the movers and shakers of the market?
- What are the regional growth hotspots?
- What are the segmental growth forecasts?
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Automotive Cylinder Head Market Segment Insights:
Passenger Car: The growth engine
The global automotive cylinder head market is firstly segmented based on vehicle type as Passenger Car, LCV, and M&HCV. The passenger car is expected to remain the dominant segment of the global automotive cylinder head market during the forecast period of 2017 to 2022, driven by higher production of passenger cars than LCVs and MHCVs. The vehicle type is also likely to witness the highest growth during the same period.
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Dominance of: Aluminum
Based on the material type, the global automotive cylinder head market is segmented as Aluminum Cylinder Head and Iron Cylinder Head. Aluminum is projected to remain the most dominant material type in the global automotive cylinder head market over the next five years. There would be a continuous shift from iron to aluminum cylinder heads because of several factors including lightweight. Stringent regulations imposed by governments of many countries are putting pressure on the automakers to curb the overall vehicle weight to increase fuel efficiency or reduce emissions. Cylinder head could not escape itself from such regulations and experienced a significant change in the selection of materials over the period. The auto industry is rapidly moving towards lightweight materials in most of its components including cylinder head to make the final component light in weight without sacrificing overall performance.
A highly/moderately/fragment consolidated Market
The supply chain of this market comprises raw materials suppliers, cylinder head manufacturers, distributors, automotive OEMs, and dealers. The key automotive cylinder head manufacturers are Ford Motor Company, Toyota Motor Corporation, General Motors Company, Nemak, S.A.B. de C.V., Linamar Corporation, Weber Automotive GmbH, and Teksid S.p.A. Developing lightweight aluminum cylinder head, executing mergers & acquisitions, and forming long-term contracts with OEMs are the key strategies adopted by the major players to gain a competitive edge in the market.
Regional Hegemony of Asia-Pacific
Asia-Pacific is expected to remain the largest cylinder head market during the forecast period. The region is also expected to experience the highest growth during the same period. Increasing automobile production, especially passenger car is driving the demand for cylinder head in the region. Europe is expected to remain the second largest automotive cylinder head market during the same period.
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Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
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