Automotive Cylinder Block Market Sustains Competitiveness by Adoption of Technological Innovations by 2017 – 2027
A cylinder block is an essential part of the automotive engine system as it supports the major components of the internal combustion engine. A cylinder block consists of a number of oil galleries, which transfer oil to the engine and hence, provide lubrication to critical parts. It also contains water galleries, which provide cooling and thereby control the temperature of the engine. Therefore cylinder block plays an important role in the lubrication, temperature control, and stability of the engine.
A cylinder block is generally made of cast iron, but nowadays number of companies are developing and producing aluminum cylinder blocks. The aluminum cylinder blocks are lighter and have better heat transfer than the cast iron cylinder blocks.
Automotive Cylinder Block Market: Dynamics
The growing global automotive industry is expected to accelerate growth of the automotive cylinder block market. The major factor driving the automotive cylinder block market is the growing vehicle production across the globe. As per the OICA statistics, the global vehicle production increased by 4.5% from 2015 to 2016. The prominent countries contributing in the growth of vehicle production are China, U.S., India, Japan, Germany, Mexico, Spain, UK, and South Korea among others. Along with this, the rising preference for lightweight and fuel efficient vehicles is further projected to enhance the demand for aluminum alloy cylinder blocks.
At present the rise in the demand for electric vehicles in North America and Europe regions is estimated to have limited affect in the automotive cylinder blocks market, due to low penetration of electric vehicles. But it is estimated that in the coming decade the market for electric vehicles will increase and this will restrict the automotive cylinder block market.
Automotive Cylinder Block Market: Segmentation
The automotive cylinder block market can be segmented on the basis of product type as:
The automotive cylinder block market can be segmented on the basis of material type as:
The automotive cylinder block market can be segmented on the basis of vehicle type as:
Light Commercial Vehicle (LCV)
Heavy Commercial Vehicle (HCV)
Automotive Cylinder Block Market: Regional Outlook
Asia Pacific region is estimated to be the prominent market for automotive cylinder block due to the significant production of vehicles in key production hubs such as China, India, South Korea, and Japan. The increase in the vehicle production in Asia Pacific region is due to the growing demand for passenger cars from the rising middle class population in India and China. Along with this, due to increasing industrial operations and infrastructure activities in Asia Pacific region is accelerating the demand for light and heavy commercial vehicles. North America and Europe are expected to witness steady growth in the automotive cylinder block market, owing to the stable growth of vehicle production in the region. The automotive cylinder block market in Western Europe will be propelled by the growing vehicle production in Germany, France, Spain, UK, and Italy.
The market in the Middle East & Africa region is expected to grow considerably due to the rising vehicle production in countries such as Turkey and Iran. Latin America is expected to witness slow growth in comparison to other regions, owing to decline in the vehicle production in Brazil from past couple of years.
Download Sample Copy atÃÂ https://www.futuremarketinsights.com/reports/sample/REP-GB-4834?source=atm
Automotive Cylinder Block Market: Market Participants
Examples of some of the market participants in the automotive cylinder block market are:
Perkins Engine Company
Jaya Hind Industries Ltd.
SEACO Pvt. Ltd.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report covers exhaust analysis on:
Supply & Demand
Competition & Companies involved
Download Table of Contents atÃÂ https://www.futuremarketinsights.com/toc/REP-GB-4834?source=atm
Regional analysis includes:
North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint.
NOTE – All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Future Market Insights.
Request Customization for this report atÃÂ https://www.futuremarketinsights.com/customization-available/REP-GB-4834?source=atm