The global Automotive Cast Iron Cylinder market was valued at around US$ 5.9 Billion in 2021. With a projected CAGR of 5.6% for the next ten years, the market is likely to reach a valuation of nearly US$ 10.6 Billion by the end of 2032. The Global Absolute dollar opportunity growth for the Automotive Cast Iron Cylinder Market is US$ 4.5 Billion from 2022 to 2032.
| Attributes | Details |
|---|---|
| Automotive Cast Iron Cylinder Market Size (2022E) | US$ 6.1 Billion |
| Projected Market Value (2032) | US$ 10.6 Billion |
| Global Market Growth Rate (2022 to 2032) | 5.6% CAGR |
| Share of Top 5 Countries | More than 53% |
| North America Market Revenue (2032) | ~US$ 4.3 Billion |
| United States Growth Rate (2022 to 2032) | ~4.9% CAGR |
| Key Countries Profiled |
|
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Future Market Insights’ analysis reveals that straight or inline engine types accounted for the highest share with 4.2% CAGR between 2017 and 2021. The straight or inline engine type is expected to grow at a CAGR of 5.4% from 2022 to 2032. Based on vehicle type, two-wheelers dominated the market for automotive cast iron cylinder heads. Revenue through two-wheelers in the market grew at 4.1% CAGR from 2017 to 2021 and the anticipated growth rate is 5.2% from 2022 to 2032.
According to RHP, Crisil Research, and ICICI direct research, cylinder heads are used in 34% of commercial vehicles, 22% of tractors, and 40% of SUVs.
The cylinder head lies on the top of the engine block of an automobile whose primary task is to close the combustion chamber of the engine. It also serves as a coolant to the engine block, thereby preventing engine components from getting overheated. Another key task of the automotive cylinder head is to constantly ensure the oiling of the cylinder. Without proper lubrication, the operation of the engine is difficult, therefore cylinder head makes a vital component of an engine.
Most Original Equipment Manufacturers (OEM) prefer cylinder heads to be made out of cast iron due to its property of meeting key requirements, such as low price, good machinability, good corrosion resistance, adequate rigidity, strength, and hardness, low thermal expansion, and good casting ability.
However, manufacturers prefer aluminum cylinder head because it is lighter and possesses high thermal conductivity whereas cast iron is heavy. Most of the production gasoline engines nowadays are switching to aluminum heads. Race cars and performance cars are generally equipped with aluminum cylinder heads, whereas cast iron is preferably used for diesel cars and daily drivers due to its high strength whereas aluminum heads need to be repaired quite often than iron heads.
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Recently, reducing emission standards and minimizing environmental impacts have been key areas for manufacturers to focus on. Governments throughout the world, are largely focussing on imposing stringent standards to reduce carbon which will compel OEMs and engine manufacturers to innovate and invest in the automotive cylinder head.
Also, emerging techniques such as injection molding have made companies manufacture complex designs of cylinder head covers. This drift is likely to further shape the market for automotive cast iron cylinders.
Achates Power’s new opposed-piston engine uses new technology and is found to be cleaner and more efficient than conventional automotive cast iron cylinder heads. The key feature is that it does not use a cylinder head, instead, it utilizes the number of pistons to create compression and ignition. It further eliminates the need for severe complexity of cylinder heads, heavyweight, and excessive heat associated with cylinder heads. Therefore, the rise in alternative materials can pose a threat to the manufacturers and also as a lucrative opportunity and aim at innovating for the growth of the automotive cast iron cylinder market.
With the surge in carbon emission globally and stringent norms to minimize the emission standards, manufacturers are switching to electric vehicles. Electric vehicles do not have a conventional engine, therefore it will not require a cast iron cylinder head to mount upon. It rather uses electric motors and gets its power from rechargeable batteries.
According to BNEF, global sales of internal combustion engine vehicles skyrocketed in 2017 and are continuously declining due to growing consumer interest in EVs. The worldwide fleet of combustion vehicles will start shrinking by 2024 and in the subsequent year demand will be dropped by roughly 19%.
BNEF further states that Germany, UK, France, and China have almost phased out the use of combustion vehicles and are close to being discontinued by 2038. United States of America, Japan, and Australia is still far from catching up while Southeast Asia and India are lagging behind the rest of the world.
The need to cut crude oil consumption is making the OEMs shift to EVs. The government of India aims to penetrate EV sales through 30% of private cars, 70% of commercial vehicles, 40% of buses, and 80% of two and three-wheelers by 2032. Such programs are likely to hamper the market for automotive cast iron cylinders.
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Automotive Cast Iron Cylinder industry suffered significantly due to Covid-19. Most of the automotive parts manufacturing are cyclical in nature. Therefore with the advent of pandemic, most of the companies had sharp downturn in fortunes post pandemic.
For instance, Crafts Automation stated that due to demand and supply disruptions, slow economic activity, harsh credit scenario and increased costs as a consequence of new regulations under BS-VI worsened the overall market situation.
Post-pandemic, key players reported double-digit volume growth in trucks and the scope for the automotive cast iron cylinder head market looked positive due to an increase in infrastructural activities and significant thrust by the government on policies such as public bus procurement. For instance, more than 20,000 public buses were deputed by the Indian government to raise the share for transportation in urban areas.
The automotive cast iron cylinder in China is valued at US$ 712.3 Million by 2032. Revenue through the market grew at 3.6% from 2017 to 2021. The anticipated growth rate in automotive cast iron cylinders is 4.6% from 2021 to 2032. Several international manufacturers have set up their engine plants to manufacture cylinder heads and other automobile components in China. BMW and Mercedes manufacture engines in China due to rising vehicle production and to reduce import duties. Chinese engine plant sources heads and blocks from BMW in Europe due to unmet demand from existing production facilities. The absolute dollar opportunity growth in the automotive cast iron cylinder head market in China is estimated at US$ 259.2 Million by 2032.
Straight or inline engine types dominated the market of automotive cast iron cylinders. Revenue through the inline engine grew at 4.2% CAGR from 2017 to 2021 and is expected to garner a growth rate of 5.4% during the forecast period. Inline engines are longer than V-type engines and are much smoother and possess less complexity in their design. Straight engines are usually built in 3, 4, 5, and 6-cylinder variations. For instance, BMW is well known for its high performance due to its inline 6-cylinder engines. Therefore, manufacturers prefer inline engine types when they are concerned about retaining efficiency and affordability. Moreover, inline engines are cheaper and bring higher efficiency rates.
Two-wheelers accounted for the highest share in the vehicle type segment for the automotive cast iron cylinder head market. It attained a growth rate of 4.1% between 2017 and 2021. Anticipated revenue through two-wheelers in the automotive cast iron cylinder market is expected to grow at a 5.2% CAGR during the forecast period. European motorcycles such as BMW S1000RR and MV Augusta F4 are identifiable by their cylinder head and have created a suitable position for themselves in high-performance inline engines.
Automotive Cast Iron Cylinder Head Market revenue in Europe expanded to 2.6 Billion in 2032. The market for automotive cast iron cylinders in the United Kingdom is valued at US$ 425.7 Million by 2032 and achieved a growth rate of 3.0% during 2017 to 2021. Growth in the automotive cast iron cylinder market is attributed to a large number of OEM manufacturers and few external suppliers. For instance, BMW Sources its engines from European sites. In one of its German sites, most of the cylinder heads and blocks are for engine machining. At the Munich plant, one of the manufacturing sites produces large six-cylinder diesel units. Whereas the Mercedes Untertürkheim site in Germany produces a huge number of blocks and cylinder heads for the Mercedes car.
At present, automotive cast iron cylinder head manufacturers are largely aiming at setting up manufacturing facilities, winning orders, and innovating in Research and Development. The key companies operating in the automotive cast iron cylinder head market include Toyota Industries Corporation, Yamaha Motor Co., Ltd., Cummins Inc., Sandvik Coromant, YASUNAGA CORPORATION, NEMAK, Silbitz Group GmbH, Mauss GmbH, TEKSID SPA, Cooper Corp, Brodix Inc., Craftsman Automation, and Linamar Corporation. Some of the recent developments by key providers of automotive cast iron cylinder heads are as follows:
Similarly, recent developments related to companies manufacturing automotive cast iron cylinder heads have been tracked by the team at Future Market Insights, which is available in the full report.
The global automotive cast iron cylinder head market was valued at US$ 5.9 Billion in 2021 and is expected to grow to US$ 6.1 Billion in 2022.
The automotive cast iron cylinder industry is set to witness a high growth rate of 5.6% over the forecast period and be valued at US$ 10.6 Billion by 2032.
Toyota Industries Corporation, Yamaha Motor Co., Ltd., Cummins Inc., Sandvik Coromant, YASUNAGA CORPORATION, NEMAK, Silbitz Group GmbH, Mauss GmbH, TEKSID SPA, Cooper Corp, Brodix Inc., Craftsman Automation, and Linamar Corporation are the key suppliers of flexible screens.
Two-wheelers have been driving the demand, accounting for over 4.1% CAGR from 2017 to 2021. Revenue through two-wheelers is expected to see a growth in the automotive cast iron cylinder head market by 5.2% CAGR over the forecasted period.
Straight or Inline Engines dominated the market with a 4.2% CAGR from 2017 to 2021. The straight or inline engine type is expected to account for 5.4% CAGR from 2022 to 2032.
United States of America, United Kingdom, China, Japan, and South Korea are expected to drive the most sales growth of the Automotive Cast Iron Cylinder Head Market.
The market in China is valued at US$ 712.3 Million by 2032. Revenue through the Automotive Cast Iron Cylinder Head market grew at 3.6% CAGR from 2017 to 2021 and is expected to achieve a growth rate of 4.6% during the forecasted period.
1. Executive Summary | Automotive Cast Iron Cylinder Head Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Global Analysis 2017 to 2021 and Forecast, 2022 to 2032
4.1. Historical Market Size Value (US$ Billion) Analysis, 2017 to 2021
4.2. Current and Future Market Size Value (US$ Billion) Projections, 2022 to 2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Analysis 2017 to 2021 and Forecast 2022 to 2032, By Engine Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Billion) Analysis By Engine Type, 2017 to 2021
5.3. Current and Future Market Size Value (US$ Billion) Analysis and Forecast By Engine Type, 2022 to 2032
5.3.1. Straight or Inline Engines
5.3.2. V-Type Engines
5.3.3. Flat Engines
5.4. Y-o-Y Growth Trend Analysis By Engine Type, 2017 to 2021
5.5. Absolute $ Opportunity Analysis By Engine Type, 2022 to 2032
6. Global Analysis 2017 to 2021 and Forecast 2022 to 2032, By Vehicle Type
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Billion) Analysis By Vehicle Type, 2017 to 2021
6.3. Current and Future Market Size Value (US$ Billion) Analysis and Forecast By Vehicle Type, 2022 to 2032
6.3.1. Two Wheelers
6.3.2. Passenger Cars
6.3.3. Light Commercial Vehicles
6.3.4. Heavy Commercial Vehicles
6.4. Y-o-Y Growth Trend Analysis By Vehicle Type, 2017 to 2021
6.5. Absolute $ Opportunity Analysis By Vehicle Type, 2022 to 2032
7. Global Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ Billion) Analysis By Region, 2017 to 2021
7.3. Current Market Size Value (US$ Billion) Analysis and Forecast By Region, 2022 to 2032
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa
7.4. Market Attractiveness Analysis By Region
8. North America Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
8.1. Historical Market Size Value (US$ Billion) Trend Analysis By Market Taxonomy, 2017 to 2021
8.2. Market Size Value (US$ Billion) Forecast By Market Taxonomy, 2022 to 2032
8.2.1. By Country
8.2.1.1. United Kingdom.
8.2.1.2. Canada
8.2.2. By Engine Type
8.2.3. By Vehicle Type
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Engine Type
8.3.3. By Vehicle Type
8.4. Key Takeaways
9. Latin America Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
9.1. Historical Market Size Value (US$ Billion) Trend Analysis By Market Taxonomy, 2017 to 2021
9.2. Market Size Value (US$ Billion) Forecast By Market Taxonomy, 2022 to 2032
9.2.1. By Country
9.2.1.1. Brazil
9.2.1.2. Mexico
9.2.1.3. Rest of Latin America
9.2.2. By Engine Type
9.2.3. By Vehicle Type
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Engine Type
9.3.3. By Vehicle Type
9.4. Key Takeaways
10. Europe Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
10.1. Historical Market Size Value (US$ Billion) Trend Analysis By Market Taxonomy, 2017 to 2021
10.2. Market Size Value (US$ Billion) Forecast By Market Taxonomy, 2022 to 2032
10.2.1. By Country
10.2.1.1. Germany
10.2.1.2. United Kingdom.
10.2.1.3. France
10.2.1.4. Spain
10.2.1.5. Italy
10.2.1.6. Rest of Europe
10.2.2. By Engine Type
10.2.3. By Vehicle Type
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Engine Type
10.3.3. By Vehicle Type
10.4. Key Takeaways
11. Asia Pacific Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
11.1. Historical Market Size Value (US$ Billion) Trend Analysis By Market Taxonomy, 2017 to 2021
11.2. Market Size Value (US$ Billion) Forecast By Market Taxonomy, 2022 to 2032
11.2.1. By Country
11.2.1.1. China
11.2.1.2. Japan
11.2.1.3. South Korea
11.2.1.4. Malaysia
11.2.1.5. Singapore
11.2.1.6. Australia
11.2.1.7. Rest of Asia Pacific
11.2.2. By Engine Type
11.2.3. By Vehicle Type
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Engine Type
11.3.3. By Vehicle Type
11.4. Key Takeaways
12. Middle East and Africa Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
12.1. Historical Market Size Value (US$ Billion) Trend Analysis By Market Taxonomy, 2017 to 2021
12.2. Market Size Value (US$ Billion) Forecast By Market Taxonomy, 2022 to 2032
12.2.1. By Country
12.2.1.1. GCC Countries
12.2.1.2. South Africa
12.2.1.3. Israel
12.2.1.4. Rest of Middle East and Africa
12.2.2. By Engine Type
12.2.3. By Vehicle Type
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Engine Type
12.3.3. By Vehicle Type
12.4. Key Takeaways
13. Key Countries Analysis
13.1. United Kingdom.
13.1.1. Pricing Analysis
13.1.2. Market Share Analysis, 2021
13.1.2.1. By Engine Type
13.1.2.2. By Vehicle Type
13.2. Canada
13.2.1. Pricing Analysis
13.2.2. Market Share Analysis, 2021
13.2.2.1. By Engine Type
13.2.2.2. By Vehicle Type
13.3. Brazil
13.3.1. Pricing Analysis
13.3.2. Market Share Analysis, 2021
13.3.2.1. By Engine Type
13.3.2.2. By Vehicle Type
13.4. Mexico
13.4.1. Pricing Analysis
13.4.2. Market Share Analysis, 2021
13.4.2.1. By Engine Type
13.4.2.2. By Vehicle Type
13.5. Rest of Latin America
13.5.1. Pricing Analysis
13.5.2. Market Share Analysis, 2021
13.5.2.1. By Engine Type
13.5.2.2. By Vehicle Type
13.6. Germany
13.6.1. Pricing Analysis
13.6.2. Market Share Analysis, 2021
13.6.2.1. By Engine Type
13.6.2.2. By Vehicle Type
13.7. United Kingdom.
13.7.1. Pricing Analysis
13.7.2. Market Share Analysis, 2021
13.7.2.1. By Engine Type
13.7.2.2. By Vehicle Type
13.8. France
13.8.1. Pricing Analysis
13.8.2. Market Share Analysis, 2021
13.8.2.1. By Engine Type
13.8.2.2. By Vehicle Type
13.9. Spain
13.9.1. Pricing Analysis
13.9.2. Market Share Analysis, 2021
13.9.2.1. By Engine Type
13.9.2.2. By Vehicle Type
13.10. Italy
13.10.1. Pricing Analysis
13.10.2. Market Share Analysis, 2021
13.10.2.1. By Engine Type
13.10.2.2. By Vehicle Type
13.11. Rest of Europe
13.11.1. Pricing Analysis
13.11.2. Market Share Analysis, 2021
13.11.2.1. By Engine Type
13.11.2.2. By Vehicle Type
13.12. China
13.12.1. Pricing Analysis
13.12.2. Market Share Analysis, 2021
13.12.2.1. By Engine Type
13.12.2.2. By Vehicle Type
13.13. Japan
13.13.1. Pricing Analysis
13.13.2. Market Share Analysis, 2021
13.13.2.1. By Engine Type
13.13.2.2. By Vehicle Type
13.14. South Korea
13.14.1. Pricing Analysis
13.14.2. Market Share Analysis, 2021
13.14.2.1. By Engine Type
13.14.2.2. By Vehicle Type
13.15. Malaysia
13.15.1. Pricing Analysis
13.15.2. Market Share Analysis, 2021
13.15.2.1. By Engine Type
13.15.2.2. By Vehicle Type
13.16. Singapore
13.16.1. Pricing Analysis
13.16.2. Market Share Analysis, 2021
13.16.2.1. By Engine Type
13.16.2.2. By Vehicle Type
13.17. Australia
13.17.1. Pricing Analysis
13.17.2. Market Share Analysis, 2021
13.17.2.1. By Engine Type
13.17.2.2. By Vehicle Type
13.18. Rest of Asia Pacific
13.18.1. Pricing Analysis
13.18.2. Market Share Analysis, 2021
13.18.2.1. By Engine Type
13.18.2.2. By Vehicle Type
13.19. GCC Countries
13.19.1. Pricing Analysis
13.19.2. Market Share Analysis, 2021
13.19.2.1. By Engine Type
13.19.2.2. By Vehicle Type
13.20. South Africa
13.20.1. Pricing Analysis
13.20.2. Market Share Analysis, 2021
13.20.2.1. By Engine Type
13.20.2.2. By Vehicle Type
13.21. Israel
13.21.1. Pricing Analysis
13.21.2. Market Share Analysis, 2021
13.21.2.1. By Engine Type
13.21.2.2. By Vehicle Type
13.22. Rest of Middle East and Africa
13.22.1. Pricing Analysis
13.22.2. Market Share Analysis, 2021
13.22.2.1. By Engine Type
13.22.2.2. By Vehicle Type
14. Market Structure Analysis
14.1. Competition Dashboard
14.2. Competition Benchmarking
14.3. Market Share Analysis of Top Players
14.3.1. By Regional
14.3.2. By Engine Type
14.3.3. By Vehicle Type
15. Competition Analysis
15.1. Competition Deep Dive
15.1.1. Toyota Industries Corporation
15.1.1.1. Overview
15.1.1.2. Product Portfolio
15.1.1.3. Profitability by Market Segments
15.1.1.4. Sales Footprint
15.1.1.5. Strategy Overview
15.1.1.5.1. Marketing Strategy
15.1.2. Yamaha Motor Co., Ltd.
15.1.2.1. Overview
15.1.2.2. Product Portfolio
15.1.2.3. Profitability by Market Segments
15.1.2.4. Sales Footprint
15.1.2.5. Strategy Overview
15.1.2.5.1. Marketing Strategy
15.1.3. Cummins Inc.
15.1.3.1. Overview
15.1.3.2. Product Portfolio
15.1.3.3. Profitability by Market Segments
15.1.3.4. Sales Footprint
15.1.3.5. Strategy Overview
15.1.3.5.1. Marketing Strategy
15.1.4. Sandvik Coromant
15.1.4.1. Overview
15.1.4.2. Product Portfolio
15.1.4.3. Profitability by Market Segments
15.1.4.4. Sales Footprint
15.1.4.5. Strategy Overview
15.1.4.5.1. Marketing Strategy
15.1.5. YASUNAGA CORPORATION
15.1.5.1. Overview
15.1.5.2. Product Portfolio
15.1.5.3. Profitability by Market Segments
15.1.5.4. Sales Footprint
15.1.5.5. Strategy Overview
15.1.5.5.1. Marketing Strategy
15.1.6. Nemak
15.1.6.1. Overview
15.1.6.2. Product Portfolio
15.1.6.3. Profitability by Market Segments
15.1.6.4. Sales Footprint
15.1.6.5. Strategy Overview
15.1.6.5.1. Marketing Strategy
15.1.7. Silbitz Group GmbH
15.1.7.1. Overview
15.1.7.2. Product Portfolio
15.1.7.3. Profitability by Market Segments
15.1.7.4. Sales Footprint
15.1.7.5. Strategy Overview
15.1.7.5.1. Marketing Strategy
15.1.8. Mauss GmbH
15.1.8.1. Overview
15.1.8.2. Product Portfolio
15.1.8.3. Profitability by Market Segments
15.1.8.4. Sales Footprint
15.1.8.5. Strategy Overview
15.1.8.5.1. Marketing Strategy
15.1.9. Cooper Corp.
15.1.9.1. Overview
15.1.9.2. Product Portfolio
15.1.9.3. Profitability by Market Segments
15.1.9.4. Sales Footprint
15.1.9.5. Strategy Overview
15.1.9.5.1. Marketing Strategy
15.1.10. TEKSID S.P.A
15.1.10.1. Overview
15.1.10.2. Product Portfolio
15.1.10.3. Profitability by Market Segments
15.1.10.4. Sales Footprint
15.1.10.5. Strategy Overview
15.1.10.5.1. Marketing Strategy
16. Assumptions & Acronyms Used
17. Research Methodology
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Automotive Cast Iron Cylinder Head Market
