Report : Middle East and Africa 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) Â Â Â Â Â Â
Light Commercial Vehicles Segment to Dominate MEA Automotive Cast Iron Cylinder Head Market during 2020–2028
According to a new market research study on “MEA 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$ 305.62 million by 2028 from 310.35 US$ million in 2021. The market is estimated to grow at a CAGR of 1.6% from 2021 to 2028. The report provides trends prevailing in the MEA automotive cast iron cylinder head market along with the drivers and restraints pertaining to the market growth. Rising technological integration to incorporate advanced features in vehicles is the major factor driving the growth of the MEA automotive cast iron cylinder head market. However, issues associated with overheating of cast iron cylinder head hinders the growth of MEA automotive cast iron cylinder head market.
The MEA 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 MEA 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 Saudi Arabia, South Africa, UAE, and rest of MEA.
Cooper Corp.; Cummins Inc.; Nemak; Sandvik Coromant; Toyota Industries Corporation; and Yamaha Motor Co., Ltd. are among the leading companies in the MEA 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.
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