Industry Background:
The global Cylinder Sleeves market is expected to witness the massive growth in the forecasted period due to growing demand from the automobile industry both developed and developing countries. The primary reason for sleeving an engine to either repair a cylinder bore or protect it from damage in the first place. Sleeves can also be used to restore a particular bore size if a cylinder has to be “bored out” to repair a cracked or otherwise damaged engine. the technological advancement in the automotive parts and growing demand from emerging countries will help to trigger the global Cylinder Sleeves market.This growth is primarily driven by Increasing Automotive Traffic across the Globe
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | Million Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Auto Parts & Equipment sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Federal-Mogul Corporation (United States), Cummins (United States), MAHLE GmbH (Germany), GKN plc (United Kingdom), Rheinmetall Automotive (Germany), Melling (United States), TPR Co. Ltd (Japan), Westwood Cylinder Liners Ltd (United Kingdom), NPR of Europe GmbH (NE) (Germany) and Darton Sleeves Incorporated (United Kingdom), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On August 1, 2023, MAHLE Engine Systems North America announced a partnership with CNHI Industrial Canada, a provider of industrial engines and powertrain solutions, to develop and manufacture cylinder sleeves for CNHI's industrial engines. The partnership will leverage MAHLE's expertise in cylinder sleeve technology with CNHI's manufacturing capabilities to produce high-quality cylinder sleeves for the North American market.
On October 4, 2023, Nippon Piston K.K. (NPK), a leading manufacturer of engine components, launched a new line of cylinder sleeves called NPK CeraCote. The new line of cylinder sleeves is designed to improve engine performance and reduce fuel consumption by using a proprietary ceramic coating.The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Influencing Trend:
Technological Enhancements in Developing High-End Automotive Components and Rising Adoption of Wet Cylinder Sleeves to Minimize Engine Heating Issues
Market Growth Drivers:
Increasing Automotive Traffic across the Globe and Need for Cylinder Sleeves which Protects the Automotive Cylinders
Challenges:
Upsurging Market Competition with the Emergence of Local Players
Restraints:
Increasing DIstribution Overheads and Raw Material Prices across the Globe
Opportunities:
Upsurging Automobile Traffic across the Developing Economies and Growing Need to Enhance the Durability and Efficiency of the Cylinders
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Cylinder Sleeves Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Cylinder Sleeves Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Cylinder Sleeves players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Cylinder Sleeves Study Sheds Light on
The Cylinder Sleeves Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Cylinder Sleeves industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Cylinder Sleeves industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.