The global automotive cylinder liners market in 2022 was US$ 4021.4 million and is estimated to be US$ 4,888.7 million in 2023. According to FMI estimation, the automotive cylinder liner market is projected to expand at a CAGR of 5.46% between 2023 and 2033, totaling around US$ 8,322.1 million by 2033.
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.
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Boost in the sales of commercial vehicles acts as a key factor in pushing the automotive cylinder liner market in an upward direction. Further, the rise in demand for heavy trucks and construction equipment has henceforth resulted in a raised demand for automotive cylinder liners.
New materials are developed for the enhancement of the durability and efficiency of the engine, which is considered to be efficient compared to conventional ones used in cylinder liners.
The availability of cheap materials as well as the rise in the cost of liners act as market restraints hampering the growth of the automotive cylinder liner market. Moreover, continuous improvement thus coupled with the increase in expenditure on marketing and development might bring forth various opportunities for the growth of the automotive cylinder liner market.
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
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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.
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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
Author
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
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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