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(Transportation-News.com, February 07, 2019 )
Stratview Research announces the addition of a new market research report on Global Automotive Cylinder Head Market by Vehicle Type (Passenger Car, Light Commercial Vehicle, and Medium & Heavy Duty Commercial Vehicle), by Material Type (Cast Iron, Aluminum, and Titanium), by Region (NA, Europe, APAC, RoW), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2017 - 2022
The Global Automotive Cylinder Head Market: Highlights
Stratview Research foresees a good growth of CAGR 2.9% in the automotive cylinder head market over the next five years (2017 – 2022), which offers an opportunity to the automotive industry players to align themselves with the market growth.
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There are a number of factors bolstering the growth of automotive cylinder head market. The author of the report stated that organic growth of the global automotive vehicle production owing to increasing disposable income and growing urbanization are the major growth drivers of the global automotive cylinder head market. Additionally, increasing demand of complex and lightweight cylinder head to either reduce overall vehicle weight or to enhance engine performance for achieving stringent government regulations, such as CAFÉ Standards, is likely to supplement the growth of automotive cylinder head market over the next five years.
Currently, cast iron dominates the global automotive cylinder head market in terms of materials, however, aluminum is likely to experience the fastest growth over the next five years, driven by advantage of lightweight and ability to develop complex parts. Titanium is very expensive but provides the highest weight reduction as compared to the aluminum and cast iron.
Asia-Pacific is expected to remain the largest cylinder head market during the forecast period. The region is also expected to experience the fastest growth in the next five years. Europe is expected to remain the second largest automotive cylinder head market over the next five years. Recovery of European automotive industry is likely to drive the demand of cylinder head over the next five years.
The key automotive cylinder head manufacturers are Nemak, S.A.B. de C.V., Linamar corporation, MAHLE GmbH, KS HUAYU Bearbeitungs GmbH, Cummins Inc., and Toyota Motor Corporation. New product development, Lightweight product and Strategic alliances are the key strategies adopted by the key players to gain competitive edge in the market.
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Source: EmailWire.Com 
Source: EmailWire.com
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