Industry Background:
Automobile engine Cylinder block is an essential component of an automotive engine system as it supports major components of the internal combustion. The cylinder block is one of the engine’s central component which may be made from grey cast iron or cast aluminium or die cast aluminium alloy. It consists of a number of oil galleries, which transfer oil to the engine and provides lubrication to the critical parts. It also contains water galleries which provide cooling to the engine and thereby control the temperature. The growing automotive industry is expected to accelerate the demand for automotive cylinder block market.This growth is primarily driven by Growing Demand for Passenger Cars in Emerging Countries
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | K 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 Automobiles 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 Cooper Corp (India), Cummins (United States), General Motors (United States), Volkswagen Group (Germany), Martinrea International Inc. (Canada), Fiat Chrysler Automobiles (United Kingdom), Honda (Japan), Perkins Engines (United Kingdom), Doosan (South Korea), Brodix (United States), Mahle (Germany) and Jaya Hind Industries Ltd. (India), 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:
In February 2022, Cummins Inc. acquired Jacobs Vehicle Systems (JVS), a subsidiary of Altra Industrial Motion Corp., and a supplier of engine braking, cylinder deactivation, start-and-stop, and thermal management technologies. The agreement adds new technologies to provide growth opportunities for Cummins' current and future advanced diesel engine platforms. The acquisition of JVS also secures critical USMCA-certified engine components for current and aftermarket products and extends Cummins Turbo Technologies' success with customers worldwide.
In January 2023, GM Isn’t Done With Gasoline Engines Yet, Announced New Small-Block V8. General Motors is one of few automakers that’s said it will stop making internal combustion engines entirely by 2035 to focus on electric powertrains. But a lot can happen in 12 years, and more importantly, gasoline-powered trucks, SUVs and sports cars remain in high demand. So if you like the sound of eight cylinders of fury—and really, who doesn’t?—here’s some good news about the future of the V8 engine.The market for automotive engine cylinder block is fragmented and with the presence of several companies including Martinrea International and Volkswagen the competitive environment is quite intense. Factors such as the prominent automotive OEMs preferring engine downsizing and the development of the turbocharged rotary engine is expected to provide an opportunity for automotive engine cylinder block manufactures.
Influencing Trend:
Development of Turbo Charged Rotary Engine and Trend of Engine Downsizing Became Prominent Due To Stringent Regulations Incorporated To Curb Emission
Market Growth Drivers:
Growing Demand for Passenger Cars in Emerging Countries and Increasing Industrial Operations and Infrastructure Activities Owing To Increasing Demand for Light and Heavy Commercial Vehicles
Challenges:
High Amount of Capital Investment and Existing Competition
Restraints:
Stringent Government Rules and Regulation
Opportunities:
Rising Sales of Electric and Hybrid Vehicles and Rapid Urbanization and Industrialization in Developing Countries
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 Automobile Engine Cylinder Block 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 Automobile Engine Cylinder Block 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 Automobile Engine Cylinder Block 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, Automobile Engine Cylinder Block Study Sheds Light on
The Automobile Engine Cylinder Block Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Automobile Engine Cylinder Block industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Automobile Engine Cylinder Block 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.