Cylinder Head Market in the automotive industry is Likely to Reach US$ 10,380 million in 2022

Launching announcement of a new research report on Automotive Cylinder Head Market which is projected to reach US$ 10,380 million by 2022 - forecasted by Stratview Research. The study provides an in-depth by Vehicle Type (Passenger Car, LCV and M&HCV), by Material Type (Aluminum and Iron), by Source Type (In-house Manufacturing and Independent Manufacturing), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2017-2022.

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Automotive Cylinder Head Market: Highlights
The global automotive cylinder head market was valued at US$ 8,737 million in 2016 and is likely to grow at a CAGR of 2.9% over the next five years to reach US$ 10,380 million in 2022. Organic growth in the automobile production, owing to increasing disposable income and growing urbanization and increasing demand for the lightweight cylinder head to reduce the overall vehicle weight for achieving stringent government regulations, such as CAFÉ Standards, are the major growth drivers of the global automotive cylinder head market.

The global automotive cylinder head market is firstly segmented based on vehicle type as Passenger Car, LCV, and M&HCV. The passenger car is expected to remain the dominant segment of the global automotive cylinder head market during the forecast period of 2017 to 2022, driven by higher production of passenger cars than LCVs and MHCVs. The vehicle type is also likely to witness the highest growth during the same period.

Based on the material type, the global automotive cylinder head market is segmented as Aluminum Cylinder Head and Iron Cylinder Head. Aluminum is projected to remain the most dominant material type in the global automotive cylinder head market over the next five years. There would be a continuous shift from iron to aluminum cylinder heads because of several factors including lightweight. Stringent regulations imposed by governments of many countries are putting pressure on the automakers to curb the overall vehicle weight to increase fuel efficiency or reduce emissions. Cylinder head could not escape itself from such regulations and experienced a significant change in the selection of materials over the period. The auto industry is rapidly moving towards lightweight materials in most of its components including cylinder head to make the final component light in weight without sacrificing overall performance.

Based on the source type, the global automotive cylinder head market is segmented as In-house Manufacturing and Independent Manufacturing. In-house manufacturing is expected to remain the largest segment of cylinder head market in the global automotive industry over the next five years, whereas Independent manufacturing is likely to remain the fastest-growing segment during the same period. All the leading auto OEMs, such as General Motors Company, Ford Motor Company, Toyota Motor Corporation, and Volkswagen AG, are manufacturing cylinder heads in-house for most of their engine models.

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Based on the regions, Asia-Pacific is expected to remain the largest cylinder head market during the forecast period. The region is also expected to experience the highest growth during the same period. Increasing automobile production, especially passenger car is driving the demand for cylinder head in the region. Europe is expected to remain the second largest automotive cylinder head market during the same period.

The supply chain of this market comprises raw materials suppliers, cylinder head manufacturers, distributors, automotive OEMs, and dealers. The key automotive cylinder head manufacturers are Ford Motor Company, Toyota Motor Corporation, General Motors Company, Nemak, S.A.B. de C.V., Linamar Corporation, Weber Automotive GmbH, and Teksid S.p.A. Developing lightweight aluminum cylinder head, executing mergers & acquisitions, and forming long-term contracts with OEMs are the key strategies adopted by the major players to gain a competitive edge in the market.

Report Features
The report provides diverse market intelligence with maximum business value. It gives a condemnatory understanding of the market dynamics and enables strategic decision making for the existing market players as well as those willing to enter the market. The key features include the
->industry life cycle and the supply chain analysis of the market structure.
->SWOT analysis, Porter's five forces analysis and Growth Drivers and constraints.
->Market trend and the forecast analysis.
->Forecast of the market segment trend.
->Competitive landscape and dynamics of Market share, product portfolio, product launches, etc.
->Emerging trends of attractive market segments and associated growth opportunities
->Strategic growth opportunities for the existing and new players.

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This release was published on openPR.