What is Engine Blocks?
The engine blocks are the large casings, which contain the cylinder and its internal components, coolant passages, intake and exhaust passages, crankcases, and other internal components. They are the core structural component of an engine. It supports and assists maintain alignment of external and internal components. The engine block consists of a crankcase and cylinder block. Based on the type, the market has been segmented into aluminium, magnesium, and cast iron.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Weber Automotive Gmbh (Germany), Honda (Japan), DCM Engineering (India), Karan Exports (India), CEMEX (Mexico), Yamuna Automotive (India), Tracko International (India), Italpresse Gauss (Italy), Weichai America (United States) and Dynacast (United Kingdom) |
The study covers a detailed analysis segmented by key business segments i.e. by type (Aluminium, Magnesium and Cast Iron) , by application (Passenger Vehicle and Commercial Vehicle) and major geographies. Research Analyst at AMA predicts that United States, Indian Vendors will contribute to the maximum growth of Global Engine Blocks market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Engine Blocks market report suggests strategies that Vendors can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Vendors, some of them are Weber Automotive Gmbh (Germany), Honda (Japan), DCM Engineering (India), Karan Exports (India), CEMEX (Mexico), Yamuna Automotive (India), Tracko International (India), Italpresse Gauss (Italy), Weichai America (United States) and Dynacast (United Kingdom).
Market Overview:
In October 2019, Hitachi Ltd 6501.T merged its vehicle components unit with Honda's 7267.T three suppliers in a bid to cut development costs and better respond to a rapid industry shift to electric vehicles (EV) and self-driving.
Engine Blocks is a fragmented market due to the presence of a large number of established competitors. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are also planning strategic activities like partnerships, collaboration, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Influencing Trend:
Increasing Complexity and Technology Shift from Conventional Fossil Fuel Vehicles to Hybrid Vehicles
Market Growth Drivers:
The Rise in Vehicle Production Worldwide and Demand for Light Weighting Of The Vehicle In Order To Comply With Stringent Emission Norms
Challenges:
Machining of Surfaces and Bores that are Very Difficult to Access
Restraints:
High Costs of Casting Materials, Such as Aluminum and Magnesium
Opportunities:
The Growing Automotive Industry in Asia Pacific Regions and Rising Sales of Electric and Hybrid Vehicles
Key highlights of the Global Engine Blocks market Study:
CAGR of the market during the forecast period 2022-2028
In-depth information on growth factors that will accelerate the Engine Blocks market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Engine Blocks market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Vendors
Comprehensive information about factors that will challenge the growth of Engine Blocks Vendors
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Engine Blocks market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Engine Blocks market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Key Stakeholders, Engine Blocks Manufacturers, Engine Blocks Distributors/Traders/Wholesalers, Engine Blocks Subcomponent Manufacturers, Industry Association and Downstream Vendors.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.