Report : Europe Automotive Cast Iron Cylinder Head Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Engine Type (Straight or Inline Engine, V-Type Engine, and Flat Engine) and Vehicle Type (Two Wheelers, Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles)
Straight or Inline Engine Segment to Dominate Europe Automotive Cast Iron Cylinder Head Market during 2020–2028
According to a new market research study on “Europe Automotive Cast Iron Cylinder Head Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Engine Type and Vehicle Type” is expected to reach US$ 1,502.71 million by 2028 from 2,051.10 US$ million in 2021. The market is estimated to grow at a CAGR of 4.5% from 2021 to 2028. The report provides trends prevailing in the Europe automotive cast iron cylinder head market along with the drivers and restraints pertaining to the market growth. Multiple characteristics of cast iron cylinder head is the major factor driving the growth of the Europe automotive cast iron cylinder head market. However, issues associated with overheating of cast iron cylinder head hinders the growth of Europe automotive cast iron cylinder head market.
The Europe automotive cast iron cylinder head market is segmented on the basis of engine type, vehicle type, and country. Based on engine type, the market is segmented into straight or inline engine, v-type engines, and flat engines. The straight or inline engine segment held the largest market share in 2020. Based on vehicle type, the Europe automotive cast iron cylinder head market is segmented into two wheelers, passenger cars, light commercial vehicles, and heavy commercial vehicles. The heavy commercial vehicles segment held the largest market share in 2020. Based on country, the market is segmented into France, Germany, Italy, UK, Russia, and rest of Europe. Germany held the largest market share in 2020.
Cooper Corp.; Cummins Inc.; Nemak; Sandvik Coromant; Toyota Industries Corporation; Yamaha Motor Co., Ltd.; and Yasunaga Corporation are among the leading companies in the Europe automotive cast iron cylinder head market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, Toyota Industries Corporation and Siemens are collaborating on digital die casting transition. The project is one of the first to employ defect prediction AI for die casting. It boasts quality and productivity by utilizing the AI application in Siemens’ edge computing platform for Industrial Edge. Toyota Industries Corporation intends to leverage the project to expand their technology further and implement it into their production plants in Japan and globally. This adoption of technologies is also helpful in manufacturing cast iron products.
Contact Person: Sameer Joshi
Email Id: email@example.com