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)
No. of Pages:107
Report Code:
TIPRE00029234
Category:
Automotive and Transportation
Asia Pacific Automotive Cast Iron Cylinder Head Market
The automotive cast iron cylinder head market in APAC is expected to grow from US$ 2,675.62 million in 2021 to US$ 3,728.27 million by 2028; it is estimated to grow at a CAGR of 4.9% from 2021 to 2028.
The automobile iron cast cylinder head market deals with various issues such as energy, pollution, safety, and cost. One of the most important techniques for addressing these issues is to lighten the load on the engine. A systems-engineering design optimization and iteration process that integrates material characteristics and manufacturing methods to satisfy product requirements at the lowest mass and cost is required to maximize weight reduction of the cylinder head. Advanced high-strength steels, aluminum and magnesium alloys, and carbon–fiber-reinforced plastics have risen as essential light-weight materials for automobiles. The replacement of cast iron and conventional steel components with lightweight materials, such as high-strength steel, magnesium (Mg) alloys, aluminum (Al) alloys, carbon fiber, and polymer composites, can reduce a vehicle's body and chassis up to 50%. A 10% reduction in vehicle weight might result in a 6% to 8% increase in fuel economy. Recently introduced automobile regulations demand lower CO2 emissions and higher fuel efficiency, which encourage companies to invest in the automotive cast iron cylinder head. Therefore, advancements in manufacturing processes and rise in alternative materials use would provide lucrative opportunities for the automotive cast iron cylinder head market during the forecast period.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the growth of the APAC automotive cast iron cylinder head market during the forecast period.
APAC Automotive Cast Iron Cylinder HeadMarket Revenue and Forecast to 2028 (US$ Million)
APAC Automotive Cast Iron Cylinder Head Market Segmentation
The APAC 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 APAC 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 Australia, China, India, Japan, South Korea, and the rest of APAC. Cooper Corp.; Cummins Inc.; Nemak; Sandvik Coromant; Toyota Industries Corporation; Yamaha Motor Co., Ltd.; and Yasunaga Corporation are among the leading companies in the APAC automotive cast iron cylinder head market.
Asia Pacific Automotive Cast Iron Cylinder Head Market Strategic Insights
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Asia Pacific Automotive Cast Iron Cylinder Head Market Segmentation Analysis
Asia Pacific Automotive Cast Iron Cylinder Head Market Report Highlights
Asia Pacific Automotive Cast Iron Cylinder Head Report Scope
Report Attribute
Details
Market size in 2021
US$ 2,675.62 Million
Market Size by 2028
US$ 3,728.27 Million
CAGR (2021 - 2028)
4.9%
Historical Data
2019-2020
Forecast period
2022-2028
Segments Covered
By Engine Type
Straight or Inline Engine
V-Type Engine
Flat Engine
By Vehicle Type
Two Wheelers
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
Regions and Countries Covered
Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
Market leaders and key company profiles
Cooper Corp.
Cummins Inc.
Mauss GmbH
Nemak
Sandvik Coromant
Toyota Industries Corporation
Yamaha Motor Co., Ltd.
Yasunaga Corporation
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Asia Pacific Automotive Cast Iron Cylinder Head Market Country and Regional Insights
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Identical Market Reports with other Region/Countries
The List of Companies - Asia Pacific Automotive Cast Iron Cylinder Head Market
Cooper Corp.
Cummins Inc.
Mauss GmbH
Nemak
Sandvik Coromant
Toyota Industries Corporation
Yamaha Motor Co., Ltd.
Yasunaga Corporation
Frequently Asked Questions
How big is the Asia Pacific Automotive Cast Iron Cylinder Head Market?
The Asia Pacific Automotive Cast Iron Cylinder Head Market is valued at US$ 2,675.62 Million in 2021, it is projected to reach US$ 3,728.27 Million by 2028.
What is the CAGR for Asia Pacific Automotive Cast Iron Cylinder Head Market by (2021 - 2028)?
As per our report Asia Pacific Automotive Cast Iron Cylinder Head Market, the market size is valued at US$ 2,675.62 Million in 2021, projecting it to reach US$ 3,728.27 Million by 2028. This translates to a CAGR of approximately 4.9% during the forecast period.
What segments are covered in this report?
The Asia Pacific Automotive Cast Iron Cylinder Head Market report typically cover these key segments-
Engine Type (Straight or Inline Engine, V-Type Engine, Flat Engine)
Vehicle Type (Two Wheelers, Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles)
What is the historic period, base year, and forecast period taken for Asia Pacific Automotive Cast Iron Cylinder Head Market?
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Automotive Cast Iron Cylinder Head Market report:
Historic Period : 2019-2020
Base Year : 2021
Forecast Period : 2022-2028
Who are the major players in Asia Pacific Automotive Cast Iron Cylinder Head Market?
The Asia Pacific Automotive Cast Iron Cylinder Head Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
Cooper Corp.
Cummins Inc.
Mauss GmbH
Nemak
Sandvik Coromant
Toyota Industries Corporation
Yamaha Motor Co., Ltd.
Yasunaga Corporation
Who should buy this report?
The Asia Pacific Automotive Cast Iron Cylinder Head Market report is valuable for diverse stakeholders, including:
Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.
Essentially, anyone involved in or considering involvement in the Asia Pacific Automotive Cast Iron Cylinder Head Market value chain can benefit from the information contained in a comprehensive market report.
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