Automotive Cast Iron Cylinder Head Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports

Automotive Cast Iron Cylinder Head Market Size

The global market for Automotive Cast Iron Cylinder Head was estimated to be worth US$ 5916.4 million in 2023 and is forecast to a readjusted size of US$ 9029.5 million by 2030 with a CAGR of 6.3% during the forecast period 2024-2030.

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Cylinder heads are engineered to meet specific performance goals. The cylinder head is one of the most significant and complicated designs of an engine. It takes a lot of mathematical computations and precise manufacturing to get the required outcomes from an engine. As a result, cylinder heads are designed and manufactured using precise machinery and procedures. The cylinder head is the upper section of the engine, whereas the engine block is the lower part. The combustion chamber is closed off by the iron cast cylinder head that rests on the engine. The head gasket fills the remaining space between the cylinder head and the engine. The cylinder head's other job is to keep the cylinder lubricated at all times. The smooth functioning of the engine is difficult if the cylinders are not well-oiled.

Automotive is a key driver of this industry. According to data from the World Automobile Organization (OICA), global automobile production and sales in 2017 reached their peak in the past 10 years, at 97.3 million and 95.89 million respectively. In 2018, the global economic expansion ended, and the global auto market declined as a whole. In 2022, there will wear units 81.6 million vehicles in the world. At present, more than 90% of the world's automobiles are concentrated in the three continents of Asia, Europe and North America, of which Asia automobile production accounts for 56% of the world, Europe accounts for 20%, and North America accounts for 16%. The world major automobile producing countries include China, the United States, Japan, South Korea, Germany, India, Mexico, and other countries; among them, China is the largest automobile producing country in the world, accounting for about 32%. Japan is the world's largest car exporter, exporting more than 3.5 million vehicles in 2022.

By Type
• Inline Engine Cylinder Head
• V-shaped Engine Cylinder Head
• Flat Engine Cylinder Head

By Application
• Original Equipment Manufacturer
• Maintenance Market

Key Companies
Toyota Industries, Yamaha Motor, Cummins, Sandvik Coromant, Yasunaga, Nemak, Silbitz Group GmbH, Mauss GmbH, Cooper Corp, Teksid

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This release was published on openPR.