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In 2022, the global hybrid integration platform market had a market value of US$ 23,964.3 Million, and by 2032, it is anticipated to grow at a CAGR of 12.3% to reach a market value of US$ 76,227 Million. The market for hybrid integration platforms is expanding as a result of rising levels of digitization and the requirement for data security on cloud platforms. Between 2016 and 2021, the market for hybrid integration platforms experienced a CAGR of 11%.

In the new mobile and cloud world, business decisions are driven by the convergence of social interaction, mobility, cloud, and information. Therefore, in order to increase business value, IT needs to connect cloud-based, mobile, and on-premises resources.

Hybrid integration Platform connects the network that is divided between enterprise and customers & suppliers, BYOD (enterprise mobile), and big data in order to allow the on-premises application to integrate with cloud-based application and ultimately due to this, the adoption of Hybrid Integration Platform is increasing. Also, the increasing demand of hosting apps, data, and services on the cloud is also one of the major factors due to which the demand for Hybrid integration platform is increasing.

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Hybrid Integration Platform is an evolutionary step in leveraging the cloud to its full potential. The hybrid integration platform is a combination of on-premise and cloud based systems which are securely connected using a transport layer security. Hybrid integration platform integrates data from on-premise systems with cloud data in order to provide balance between enterprises.

The benefits of Hybrid Integration Platform such as reduced cost, rapid development and deployment, build-in scalability are playing an important role in supporting the rapid adoption of Hybrid Integration Platform and which ultimately helps in fueling the growth of Hybrid Integration Platform market.

Global Hybrid Integration Platform Market: Drivers and Challenges 

Drivers

The growing need for integrating on-premise and cloud applications with existing systems in order to drive digital business transformation is the primary growth driver of Hybrid Integration platform. Moreover, the advancement in the cloud computing technology is playing an important role in driving the growth of Hybrid Integration Platform market. Also, the digital era has greatly accelerated the change and evolution for new products, services and business models.

Apart from this, the increase in the number of Hybrid Integration Platform provider and the paradigm shift in the way of developing applications are some of the factors which are fueling the growth of Hybrid Integration Platform market.

Restraints

The lack of standardization and uniform integration type for hybrid integration platform are some of the factors which may hinder the growth Hybrid Integration Platform market in near future. Also, high cost and security issues are the factors which may restraint the growth of Hybrid Integration Platform market.

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Key Players

The prominent players in Global Hybrid Integration Platform market are: Microsoft Corporation, IBM Corporation, Oracle Corporation, Software AG, Dell Boomi, MuleSoft, TIBCO Software, SnapLogic, Liaison technologies, Infomatica, Axway, and others.

Global Hybrid Integration Platform Market: Regional Overview 

On Geographic basis, North America is anticipated to capture largest market share regarding revenue, owing to increasing need to integrate data and processes between the public cloud and on-premise applications and presence of various key players in the region. APAC is anticipated to be the second largest market in terms of revenue in the Hybrid Integration Platform Market over the next coming years due to high digitalization and the increasing spending of enterprises to improve infrastructure.

The Hybrid Integration Platform market in Europe and Latin America are expected to witness high growth rates in the coming period due to the emergence of advanced and secured cloud-based solutions.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report covers exhaust analysis on 

• Market Segments
• Market Dynamics
• Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain

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Key Segments Profiled in the Hybrid Integration Platform Industry Survey

Type:

• Application Integration
• Data integration
• Business-to-business integration
• Cloud integration

Application:

• BFSI
• Retail
• Government & public sector
• Manufacturing
• IT and Telecommunication, and others

Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• APEJ
• Japan
• Middle East & Africa

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The global electric vehicle battery market is anticipated to reach a valuation of US$ 18.09 Bn in 2032, with the market growing at a positive CAGR of 8.5% over the forecast period of 2022 to 2032. Scaling up from an estimated US$ 8.68 Bn in 2022, the electric vehicle market is driven by technological advancements, the growing usage of lithium-ion batteries, and increasing fuel prices. A surge in the sales of hybrid/ electric vehicles also augment the market growth of electric vehicle batteries during this period.

The rising adoption of new and advanced battery management systems and improved batteries coupled with the increasing preference for EVs due to high fuel prices are propelling the market growth of electric vehicle batteries. The heightened adoption of EVs has resulted in more and more innovations in the industry. Many manufacturers are upgrading EV components like batteries, motors, and others. This, too, contributes to the growth of the target market.

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The cost of running is much lower in EVs, compared to petrol and diesel vehicles, as these vehicles use electric fuel. Electric vehicles are battery and motor-dependent. These vehicles do not rely on fossil fuels. Charging an EV battery is far more cost-effective than filling petrol or diesel and it also makes use of renewable and regenerative energy. EV batteries can be charged through renewable energy sources like solar panels. Hence making the market sustainable and environmental-friendly. All these factors promote market growth for electric vehicle batteries during this period of observation.

Low running and maintenance costs, low pollution, and environmental friendliness foster an environment of growth for the target market. With no tailpipe emission, EVs have a massively positive impact on carbon footprints. Further, EVs do not consume fuels which makes them a sustainable vehicular option. Governments across the world, too, are providing various tax and financial benefits to popularize the adoption of electric vehicles. All of these factors work together to facilitate an environment of growth for the electric vehicle batteries market during the forecast period.

“Low running and maintenance costs, incorporation of technological enhancements and environment-friendly properties of the product will likely propel the market growth of electric vehicle battery over the forecast period,” says an FMI analyst.  

Key Takeaways:

• Supply chain disruptions may hinder the market growth.
• The passenger car segment will exhibit a robust CAGR of 9% over the forecast period.
• Hybrid electric vehicles (HEV) will dominate the market over the assessment period.
• Asia Pacific is expected to hold a major portion of the market share.

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Competitive Landscape 

Automotive Energy Supply Corporation, Panasonic Corporation, BYD Company Limited, GS Yuasa Corporation, LG Chem Ltd., Samsung SDI Co., Ltd, Tesla Motors, Inc., Hitachi Chemical Company, Ltd., Narada Power Source Co. Ltd., Johnson Controls International Plc., Tianneng Power International Co., Ltd., Crown Battery Corporation, Furukawa Electric Co., Ltd., EnerSys, Wanxiang Group Corporation, East Penn Manufacturing Co., Toshiba Corporation, Leoch International Technology Ltd., and others are some of the major players in the electric vehicle battery market that are profiled in the full version of the report.

Major market players are keen on product development and expanding their operations. These organizations are engaging in partnerships and collaborations to enhance the technology they are using and gain a competitive advantage.

More Insights into Electric Vehicle Battery Market Report

In its latest report, FMI offers an unbiased analysis of the global electric vehicle battery market, providing historical data from 2016 to 2021 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and range, the market is segmented on the basis of battery capacity (less than 20 kWh, 21-40 kWh, more than 41 kWh), vehicle technology (HEV, PHEV, BEV), vehicle type (passenger cars, light commercial vehicles, heavy commercial vehicles, others), battery type (lithium-ion, lead acid, nickel hydride, others), and region.

Key Segments

By Battery Capacity:

• Less than 20 kWh
• 21-40 kWh
• More than 41 kWh

By Vehicle Technology:

• HEV
• PHEV
• BEV

By Vehicle Type:

• Passenger Cars
• Light Commercial Vehicles
• Heavy Commercial Vehicles
• Others

By Battery Type:

• Lithium Ion
• Lead Acid
• Nickel Hydride
• Others

By Region:

• North America
• Latin America
• Asia Pacific
• MEA
• Europe

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According to the latest FMI reports, based on region, the Asia Pacific is expected to account for a major portion of the global electric vehicle battery market. High adoption of electric mobility and the strong presence of big and small players in India are propelling the regional market growth during the forecast period. Apart from Asia Pacific, Europe is predicted to register the fastest regional market growth.

Based on segmentation, the passenger car segment is expected to lead market growth in terms of the most preferred vehicle type while hybrid electric vehicle (HEV) segment will also contribute to the overall market growth.

About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

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Future Market Insights’ new market research study on the automotive garage equipment market contains global industry analysis 2017 – 2021 and opportunity assessment 2022 – 2029. The report investigates the automotive garage equipment market and provides critical insights for the forecast period of 2022 – 2029. As per the key findings of the report, the global automotive garage equipment market is anticipated to experience substantial growth over the forecast period due to increase in the demand for replacement and maintenance of automotive components.

The global automotive garage equipment market is estimated to be valued at ~US$ 24.4 Bn in 2022, increasing at a CAGR of ~ 4.3% during the projected period of 2022 and 2029. This growth is significantly driven by stringent emission and other regulations of vehicle diagnostics equipment in the automotive industry

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FMI’s study opines that growing popularity of independent garages among consumers is one of the key trends that is shaping the global automotive garage equipment market. However, the onset of innovative technologies and R&F activities is expected to enhance the functionalities and capabilities of modern automotive garage equipment.

Significant Growth Opportunities in the APEJ Automotive Garage Equipment Market

Asia Pacific Excluding Japan is projected to show heavy upsurge in the automotive garage equipment market owing to increasing penetration of new franchises and up gradation in independent repair shops and garages particularly in India and china. The region accounts for largest two wheeler fleet and higher density of light and heavy vehicles. China is projected to witness heavy growth owing to increase in number of light and two wheelers and India is projected to hold significant share in the automotive garage equipment market owing to growth in independent garages and repair shops. Propensity of these countries towards technological advancements in the garage equipment’s is creating an opportunity for the market during the forecast period.

High Demand for Garage Equipment from Independent Garages Propelling the Market Growth.

The global automotive garage equipment market has been segmented based on vehicle type, equipment type, garage type and regions, such as North America, Latin America, Western Europe, Eastern Europe, APEJ, Middle East & Africa, and Japan.

• Shifting consumer preference towards independent garages in comparison to franchise garage is one the major factors driving the growth of garage equipment’s in the market. Independent garages offer similar services and capabilities as franchise garages along with economical price bands as OEMs. According to primary surveys about ~80% of the consumers in Asia prefer independent garages over OEM dealerships due to the maneuverability, ease, and flexibility offered by them at a reduced cost and time. As a result, the growing demand for independent repair shops is in turn expected to drive the need for garage equipment
• Majority of OEMs are planning strategic initiatives to expand dealerships and after sales service capabilities in rural areas. The strategy lies in establishing repair & maintenance dealerships and for franchised garage operators to expand their service presence and portfolio. Vehicle manufacturers have now shifted their focus towards the rural market as it seems to be significantly more opportunistic. This in turn, will drive automotive garage equipment during the forecast period.
• Light vehicles garages are projected to emerge as the major contributor to the demand for garage equipment, reason being demand for new and advanced garage equipment products. This will in turn create significant demand for advanced garage equipment, such as vehicle diagnostics & testing equipment, wheel & tire alignment equipment, etc.

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Automotive Garage Equipment Market by Category

By Vehicle:

• 2 Wheelers
• Light Vehicles
• Heavy Vehicles

By Equipment:

• Lifting Equipment
• Body Shop Equipment
• Wheel & Tire Alignment
• Vehicle Diagnostics & Testing
• Washing Equipment
• Other Tools

By Garage:

• OEM
• Franchisee Garages
• Independent Garages

By Region

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East & Africa

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Automotive Garage Equipment Market: Vendor Insights

The report highlights some of the prominent market players, who have established themselves as leaders in the global automotive garage equipment market. Few examples of key players in the market are Symach Srl, Nussbaum Automotive Solutions, SAMVIT GARAGE EQUIPMENTS, MAHA Maschinenbau Haldenwang Gmbh & Co. KG, Snap-on Incorporated, Robert Bosch GmbH, Continental AG, and Forward Lift Company (Dover Corporation), and Standard Tools and Equipment Co., among others. The global automotive garage equipment market is significantly dominated by some players holding prominent shares of the market. Tier-1 players are focused on mergers, acquisitions and joint ventures with local market players and launch of technically advanced garage equipment’s in order to achieve the ongoing trend thereby gaining a competitive edge over its peers.

About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Global automotive repair & maintenance services market is forecast to reach a US$ 544.5 Bn in 2021, with a stable long-term projection, as per the latest insights from Future Market Insights (FMI), an ESOMAR-certified research and consulting firm.

The demand for automotive repair & maintenance services declined in 2020 due to the COVID-19 outbreak. However, sales are recovering since the automotive industry is in recovery mode. Considering the possibility of the market regaining momentum in many countries, the long-term outlook on the market remains positive.

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The demand for automotive repair & maintenance services increases with the increasing vehicle age and poor quality of roads. The repair & maintenance market is driven by increase in demand for various services and parts such as tire replacement services, collision body repairs, and others.

The number of registrations for passenger cars is increasing with the growing number of manufacturers in the world. Especially in middle-income countries, car owners perceive it as a major investment hence there is high focus on maintenance and repair of passenger vehicles. As per FMI, passenger vehicles are expected to account for over 70% sales in the market.

Key Takeaways

• Automotive Repair & Maintenance Service is driven with the increase in demand of second hand (Used) vehicles by consumers. The market will exhibit 5.7% CAGR between 2021 and 2031
• The U.S. holds the highest share in the global repair & maintenance services market. In North America it accounts for over 85% of sales.
• The U.K. will remain a chief market within Europe, exhibiting above 3.5% y-o-y growth in 2021
• Germany will account for maximum sales in Europe, France will exhibit rising demand
• Increasing production of passenger vehicles and vehicles parts will push sales in China

“Demand for repair and maintenance services is increasing due to increase in awareness regarding vehicle safety among users. Increase in availability of independent auto service and maintenance providers is likely to boost the automotive repair & maintenance services market” says FMI analyst.

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Competitive Landscape

The market is highly consolidated, with key players accounting for significant market share. Some of the key players in the repair and servicing market are Goodyear Tire & Rubber Company, Driven Brands Inc., and Jiffy Lube International Inc. Many companies are investing in various technological innovation in automotive repair & maintenance services which are the major drivers for the market.

Automotive Repair & Maintenance Market

By Services & Parts

• Engine Oil
• Gear Oil
• Brake Oil
• Grease
• Tires
• Batteries
• Wear & Tear Parts
• Air Filter
• Cabin Filter
• Oil Filter
• Wiper Blades
• Collision Body
• Starters & Alternators
• Lighting
• Exhaust Components
• Spark Plugs

By Service Providers

• Automobile Dealerships
• Franchise General Repairs
• Specialty Shops
• Locally Owned Repair Shops/Body Shops
• Tire Shops
• Others

By Vehicle Type

• Passenger Cars
• LCV
• HCV

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Scope of the Report

Attribute	Details
Forecast Period	2021-2031
Historical Data Available for	2016-2020
Market Analysis	USD Million for value and Units for Volume
Key Regions Covered	North America, Latin America, Europe, East Asia, South Asia & Pacific, Middle East & Africa
Key Countries Covered	US, Canada, Brazil, Mexico, Germany, U.K., France, Italy, Spain, Russia, China, Japan, South Korea, India, ASEAN, Oceania, Turkey, Northern Africa, South Africa
Key Segments Covered	Parts, Service Providers, Vehicle Type and Region.
Key Companies Profiled	Arnold Clark Automobile Ltd. Asbury Automotive Group Inc. Ashland Automotive Group Inc. Belron International Ltd Driven Brands Inc. Carmax Autocare Center Firestone Complete Autocare Goodyear Tire & Rubber Company Halfords Group PLC Monro Inc.
Report Coverage	Market Forecast, brand share analysis, competition intelligence, DROT analysis, Market Dynamics and Challenges, Strategic Growth Initiatives
Customization & Pricing	Available upon Request

About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse All Reports: https://www.futuremarketinsights.com/reports
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According to Future Market Insights (FMI), sales in the automotive wires are projected to rise at a 5.9% CAGR over the assessment period, reaching a valuation of US$ 9.8 Bn in 2021. Increasing sales of electric vehicles, along with growing adoption of digital modules in commercial vehicles are expected to propel sales of automotive wires at 5.1% CAGR in terms of volume.

To curb greenhouse emissions, governments in various countries have imposed stringent regulations. In response to this, consumers are preferring fuel-efficient and lightweight vehicles. This has resulted in high demand for aluminum-based automotive wires.

Aluminum automotive wires have low surface gravity and are cost-effective. Owing to these benefits, sales of aluminum and aluminum alloy-based automotive wires are projected to remain high in the forthcoming years.

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Besides this, growing popularity of autonomous and electric vehicles is expected to provide impetus to growth of the automotive wires market. These vehicles comprise complex interconnected systems, comprising sensors, digital displays, cameras, and internet connectivity, which require efficient automotive wires.

Improvements in connective technology used in autonomous vehicles will continue fueling sales of automotive wires. In addition to this, efforts to reduce weight on the engine body will also boost sales of aluminum automotive wires, further augmenting growth of the market.

“Rising adoption of advanced driver assistance systems (ADAS) in passenger and commercial vehicles is expected to propel sales of automotive wires. Along with this, product developments supporting application of new materials such as alloys for automotive wires manufacturing will complement growth of the market over the forecast period,” says an FMI analyst.

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Key Takeaways:

• Based on material type, demand for copper automotive wires is expected to surge at a steady pace through 2031.
• In terms of vehicle type, sales of automotive wires in the electric vehicles segment are projected to remain high.
• Applications of automotive wires in the chassis and safety segment are expected to gain momentum over the assessment period.
• The U.S. is expected to dominate the North America automotive wires market, with sales growing at a 4.0% CAGR across the region.
• Germany will emerge as a lucrative pocket. Demand for automotive wires in Europe is projected to soar at a 5.0% CAGR through 2031.
• China will account for a dominant share of the East Asia automotive wires market, due to easy availability of raw materials.
• South Korea and Japan will collectively account for 5.2% of the total automotive wires market share in 2021.

Key Segments Covered in Automotive Wires Market Report

On the basis of material type, the Automotive Wires market can be segmented into:

• Copper
  • Oxygenic Copper
  • Pure Copper (Oxygen Free)
  • Copper Silver (CuAg)
  • Copper Magnesium (CuMg)
  • Copper Tin (CuSn)
• Aluminum
• Others (Nickel, etc.)

On the Basis of vehicle type, the Automotive Wires market can be segmented into:

• Conventional Fuel Vehicles
  • Passenger Vehicle
  • Commercial Vehicle
• Electric Vehicles
• Hybrid Vehicles

On the Basis of application, the Automotive Wires market can be segmented into:

• Chassis and Safety
  • Conventional Chassis
  • Semi-forward Chassis
  • Full-forward Chassis
• Body
  • Facia
  • Roof
  • Door & Window
  • Seat
  • Interior
• Heating Ventilation & Air-Conditioning (HVAC)
• Engine
• Sensors

On the Basis of Region, the Automotive Wires market can be segmented into:

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific Excluding Japan (APEJ)
• Japan
• Middle East & Africa (MEA)

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Competitive Landscape

LEONI AG, Sumitomo Electric Industries, Ltd., Fujikura Ltd., Delphi Automotive Plc., PKC Group, Furukawa Electric Co., Ltd, Yazaki Corporation, General Cable, Lear Corporation, Draka (Subsidiary of Prysmian Group, Samvardhana Motherson Group, Allied Wire & Cable, Inc., Coroplast Fritz Müller GmbH & Co. KG., Kromberg & Schubert, Acome, Yura Corporation, and Kyungshin Corporation are among the leading manufacturers of automotive wires.

As per FMI’s analysis, top 5 automotive wires players comprising Yazaki Corporation, Sumitomo Electric, Aptiv plc, Leoni, and Lear Corp. are projected to account for 75% of the total automotive wires market share.

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About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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Future Market Insights has recently published a new market research study on the automotive cylinder liner market that Contains global industry analysis 2017–2021 and opportunity assessment 2022–2027. The report investigates the automotive cylinder liner market and provides critical insights for the forecast period of 2022-2027. As per the key findings of the report, the global automotive cylinder liner market is expected to witness considerable growth in upcoming years due to the increasing implementation of emission norms, coupled with downsizing of engines, resulting in the increase in demand for light weight automotive cylinder liners.

The global automotive cylinder liner market is estimated to reach ~US$ 4,741.1 Mn in 2022, and increase at a CAGR of ~3.5% during the projected period of 2022-2027. This growth is expected to be mainly driven by the increasing demand for passenger and commercial vehicles across the globe.

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Emergence of High-Quality Automotive Cylinder Liners Expected to Drive the Market in APAC

Sales of automotive cylinder liners are directly related to the production of automobiles. China, being one of the prominent manufacturers in the automotive industry, is expected to account for a prominent share in the global automotive cylinder liner market. The emergence of innovative, high-quality, and cost-effective products is expected to drive the market growth in the region. To enhance the durability and efficiency of engine, new materials have been developed, which are more efficient than the traditionally used in cylinder liners. In addition to rising number of regional players in Asian Pacific countries including China and India, key players are targeting the region for improved customer base and increased geographical footprint. Furthermore, in India, the government provides an extensive support to farmers to purchase agricultural equipment and work more efficiently. The Indian government offers crop loans, credit schemes, and subsidized interest rates, which boost the demand for agricultural vehicles, in turn, increasing the demand for automotive cylinder liners.

Growing Electric Mobility to Impede the Market Growth  

The dependency of consumers on conventional cylinder liners is now shifting. Consumers’ preference is expected to shift from conventional vehicles to electric vehicles, which is expected to create a hindrance in the growth of the automotive cylinder liner market across the globe. A large production of electric vehicles in the Asia Pacific region is supporting the penetration of electric vehicles in the fuel-driven conventional automobile market. Increasing preference for electric vehicles, which are environment friendly, safe, and easy to handle, is likely to hamper the growth of the automotive cylinder liner market in the Asia Pacific region

Automotive cylinder Liner Market: Taxonomy

Vehicle Type

• Light Duty
• Heavy duty

Liner Type

• Dry Liner
• Wet Liner

Material Type

• Cast Iron
• Aluminium Alloys
• Steel
• Titanium

Application

• Diesel Engine
• Gasoline Engine

Region

• North America
• Latin America
• Western Europe
• Eastern Europe
• APEJ
• MEA
• Japan

Automotive Cylinder Liner Market: Vendor Insights

The report highlights some of the prominent market players, who have established themselves as leaders in the global automotive cylinder liner market. Few examples of key players in the market are Federal-Mogul LLC, Mahle GmbH, Nippon Piston Rings Co. Ltd., ZYNP Corporation, India Pistons Ltd., TPR CO., LTD., Bergmann Automotive GmbH, Westwood Cylinder Liner Ltd., Aichi Machine Industry Co., Ltd. among others.The global automotive cylinder liner market is considered to be significantly fragmented one. Global players falling under Tier-1 category accounts for ~20% of the overall market share, whereas medium-sized and small-sized players are expected to be prominent in the global market. Tier-1 players are focusing on investing in new technology that would contribute to reduce the weight of the engine.

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Automotive Cylinder Liner Market – Key Research Findings

1. The global automotive cylinder liner market size in 2022 is ~US$ 4,741.1 Mn.
2. The automotive cylinder liner market is estimated to grow at a CAGR of ~3.5 % over the forecast period of 2022-2027.
3. Use of automotive cylinder liner in light duty vehicles is likely to result in increased market share during the forecast period.
4. In countries, such as India, China, France, U.K., and Spain, the growing production of passenger cars is resulting in significant growth of the automotive cylinder liner market. The APEJ region generates high demand for agriculture equipment as well as construction equipment, which is expected to scale up the automotive cylinder liner market.
5. Increasing use of LCVs is likely to help the global automotive cylinder liner market witness high growth during the forecast period.
6. Cast iron is the most preferred material for automotive cylinder liner, mainly because of its low cost and reduced weight. Additionally, hybrid liner technology serves better functionality and is being majorly adopted by manufacturers.
7. Prominent value and volume share of the automotive cylinder liner market is predicted to be hold by Asia Pacific excluding Japan.
8. Middle East & Africa (MEA) is projected to show high growth in terms of value in the global market.
9. Key market players as well as OEMs are expanding their product offerings by investing in research and development. To counter various situations, manufacturers are focussing on improving the durability by using hybrid materials. Through acquisitions and collaborations, big companies are entering into local markets to further improve the business.

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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