Press release
Automotive Cylinder Liners Market Projected to Reach USD 9,884.3 Million by 2034, Growing at a CAGR of 6.7%
Automotive Cylinder Liner Market
Key Growth Drivers:
Increasing Commercial Vehicle Sales: The rise in sales of commercial vehicles is a primary driver for the automotive cylinder liners market, as these vehicles require more robust engine components.
Demand for Heavy Trucks and Construction Equipment: The growing demand for heavy trucks and construction equipment has further intensified the need for automotive cylinder liners, boosting market growth.
Innovations in Materials: Advances in material technology have led to the development of more durable and efficient engine cylinder liners, enhancing performance compared to traditional options.
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Challenges:
Availability of Cheaper Materials: The presence of lower-cost alternatives poses a challenge to the growth of the automotive cylinder liner market, as manufacturers may opt for more economical solutions.
Rising Costs of Liners: Increasing production and material costs for cylinder liners can impact profit margins and overall market growth.
Opportunities:
Advancements in Technology: Continuous innovations and enhancements in engine design and materials present significant opportunities for growth in the automotive cylinder liner market.
Increased Investment in R&D: Growing expenditure on marketing and development efforts allows companies to improve their offerings and capture a larger share of the market.
Key Takeaways from the Market Study
Asia Pacific Excluding Japan's automotive cylinder liner market is an attractive market, expanding at a CAGR of 3.7% by volume over the forecast period.
The global automotive cylinder liner market expanded at a CAGR of 4.42% between 2018 and 2022.
The global automotive cylinder liner market is projected to expand at a CAGR of around 2.8% by volume.
Growing demand for vehicles in the United States is estimated to have a market share of 30.33%.
Japan is one of the key markets in the automobile cylinder liner industry with a market share of 7.99%.
Germany is Europe's dominant automotive industry in terms of production and sales, accounting for the production of about 20% of new registrations and over 30% of passenger cars manufactured in the continent.
Demand for wet cylinder liners is witnessing significant growth with a market share of 77%.
"Shift from traditional alloy to the hybrid liner is one of the crucial factors influencing the market and is considered to be one of the key drivers of the automotive cylinder liner market", - comments a Future Market Insights analyst.
Competition Landscape
The automotive cylinder liner industry consists of a substantial number of market players. Further, efforts are taken on research and development to introduce environment-friendly product lines from the core aspect of these manufacturers. In addition, other expansion strategies, including collaborations, mergers and acquisitions, and seeking regulatory approvals, are also relied upon.
Some of the prominent players in the global market are-
Mahle GmbH
GKN PLC
Nippon Piston Rings Co. Ltd
Federal-Mogul LLC
TPR Co. Ltd.
ZYNP Corporation
Liners India Limited
Daido Kogyo Co. Ltd.
Melling Cylinder Sleeves
Cooper Corp
Darton International, Inc
India Pistons Ltd
Kusalava International Ltd.
Westwood Cylinder Liner Ltd.
Aichi Machine Industry Co. Ltd
Bergmann Automotive GmbH
PT Pakarti Riken Indonesia
Cnflap Engine Parts (GZ) Ltd
Advanced Sleeve
Bryan Automotive
Vital Developments of the Key Players in the Automotive Cylinder Liners Market
In May 2023, Bergmann Automotive General Information offers a Manufacturer of cylinder liners intended for the automotive sector. The company offers development, procurement of raw materials, melting process, and automated and semi-automatic casting of grooved bushings, structured bushings, press-in bushings, hybrid bushings, and wet bushings, enabling its customers to get consistent short-cycle cylinder liners.
In January 2023, PT Pakarti Riken Indonesia strives to be the number one in the business. They worked to meet the high standards of its leading partners in the machinery industry, especially in the automotive / vehicle industry.
In-Depth Market Analysis: A Complete Report
https://www.futuremarketinsights.com/reports/automotive-cylinder-liner-market
Automotive Cylinder Liner Market Key Segments
By Liner Type:
Dry Liner
Wet Liner
By Vehicle Type:
Light Duty
Heavy Duty
By Application:
Diesel Engine
Gasoline Engine
By Material Type:
Cast Iron
Aluminium Alloy
Steel
Titanium Alloy
By Region:
North America
Latin America
Eastern Europe
Western Europe
South Asia & Pacific
East Asia
Middle East & Africa
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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