Emphasis on By Material (Cast Iron, Stainless Steel, Aluminum, Titanium); By Fuel Type (Gasoline, Diesel), By Contact (Wet Cylinder Liner, Dry Cylinder Liner), By Type of Vehicle (Passenger Vehicle, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle), and Regions (North America (The US, Canada, Rest of North America), Europe (Germany, The UK, France, Italy, Spain, Rest of the Europe), Asia-pacific (China, Japan, India, Rest of the Asia-pacific), Rest of the World)
The Global Automotive Cylinder Liner Market was valued at USD 5980 million in 2023 and is expected to grow at a strong CAGR of around 6.44% during the forecast period (2024-2032) owing to rising demand for automobiles activities across the globe.
Global Automotive Cylinder Liner market has witnessed a stable growth in the historical years. Automotive cylinder liners provide protection to the cylinders or bores in an engine and protection it from the internal impact of the strokes while constant combustion in the chamber. These cylinders comes in various shapes and material with the focus on the performance and longevity of the engines. With the constant upgrades and focus on high-performance engines the usage of materials as titanium, aluminum, etc., have extensively increased.
The Global Automotive Cylinder Liner market was valued at USD 5980 million in 2023 and is expected to grow at a strong CAGR of around 6.44% during the forecast period (2024-2032). One of the key factors that has increased the demand for Automotive Cylinder Liners is the rising demand for automobiles in the recent years. With the incessant increase in the demand for the passenger as well as the commercial vehicles has constantly supported the rising demand for automotive cylinder liner market. For instance, according to OICA (International Organization of Motor Vehicle Manufacturers), the total sales of automobiles increased from 16 million to 18 million between 2022 and 2023. A similar trend has also been witnessed in North America region where the total sales of automobiles increased from 17.7 million to 19.1 million between 2022 and 2023.
Considering the upsurge in the demand for automobiles of both passenger and commercial category the demand for automotive cylinder liners would also increase in the forthcoming years.
Apart from increasing sales of automotives across the globe the increasing demand for hybrid electric vehicles has also promulgated the demand for automotive cylinder liners. Additionally, the demand for commercial vehicles across the globe has also ascended the demand for automotive component of which engine and cylinder liner.
Considering all the changes the demand for automotive sector is further anticipated to rise further promoting the demand for the Automotive Cylinder Liners during 2024-2032.
This section discusses the key market trends that are influencing the various segments of the Global Automotive Cylinder Liner Market as identified by our team of research experts.
Rise of Hybrid Vehicles
A large number of customers are moving towards hybrid-electric vehicles. Electric vehicles offer low operational cost to the customers which has been paramount with the rising fuel prices. Additionally, these vehicles also provide enhanced range where along with the internal combustion engine the integration of a battery provides additional range to the vehicles and also offering regeneration of power with the brakes applied.
These hybrid vehicles have witnessed a sustained growth in the recent years across the globe. Many of the governments have also offered tax benefits and subsidies to the customers to opt for hybrid vehicles as they provide a bridging gap from conventional vehicles to fully battery electric vehicles.
Additionally, hybrid vehicle also addresses the issues related to recharge of batteries and range in distant location of vehicles due to which a sizable number of customers are moving towards it and further improving the demand for automotive cylinder liners in OEM category.
Asia Pacific is Expected to Hold Major Market Share During Forecast Period
Asia Pacific region has held a significant market share in the global automotive cylinder liner market in 2023. Some of the factors attributing to the growth are higher demand for automobiles in the region. Additionally, the region is also home to some of the leading automotive manufacturers due to which the OEM demand for automotive cylinder liner comes. These countries as China, India, Japan, South Korea, Indonesia, etc., have leading positions in terms of automotive manufacturing. Additionally, the region is also home to some of the largest electric and hybrid vehicle manufacturers and sellers as China, Japan, etc.
Additionally, the region has also witnessed a sustained increase in the demand for automobiles in all categories. According to OICA the total sales of automotives in 2022 was 50 million which rose to 55.1 million in 2023 with a 10% increase.
The Global Automotive Cylinder Liner market is competitive and fragmented, with the presence of several global and international market players. The key players are adopting different growth strategies to enhance their market presence, such as partnerships, agreements, collaborations, new product launches, geographical expansions, and mergers and acquisitions. Some of the major players operating in the market are Mahle GmbH, Tenneco Inc., GKN Zhongyuan Cylinder Liner Company Limited, Meling Cylinder Sleeves, TPR Co. Ltd., Westwood Cylinder Liner Ltd., Laystall Engineering Co. Ltd., India Piston Ltd., and Nippon Piston Ring Co. Ltd.
In 2023, According to the Economic Diplomacy Division India, the Indian automotive component industry has planned to invest USD 6.5 to USD 7 billion in the next five years. The investment is in line with the aim to improve the manufacturing capability in the country as well as focusing on increasing the exports to other countries.
The Global Automotive Cylinder Liner market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs; hence, feel free to connect with us to get a report that completely suits your requirements.
1. Market Introduction
2. Research Methodology Or Assumption
3. Executive Summary
4. Market Dynamics
5. Pricing Analysis
6. Global Automotive Cylinder Liner Market Revenue (USD Mn), 2022-2032f
7. Market Insights By Material
8. Market Insights By Fuel Type
9. Market Insights By Contact
10. Market Insights By Vehicle Type
11. Market Insights By Region
12. Value Chain Analysis
13. Competitive Landscape
14. Company Profiled
15. Acronyms & Assumption
16. Annexure
Analyzing the historical market, estimating the current market, and forecasting the future market of the Global Automotive Cylinder Liner market were the three major steps undertaken to create and analyze the adoption of Global Automotive Cylinder Liner in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted with industry experts across the value chain of the Global Automotive Cylinder Liner market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry. Detailed methodology is explained below:
Step 1: In-Depth Study of Secondary Sources:
A detailed secondary study was conducted to obtain the historical market size of the Global Automotive Cylinder Liner market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the Global Automotive Cylinder Liner market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as by Material, By Fuel Type, By Contact, and By Vehicle Type. Further regional/country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Global Automotive Cylinder Liner market. Further, we conducted factor analysis using dependent and independent variables such as by Material, By Fuel Type, By Contact, and By Vehicle Type in the Global Automotive Cylinder Liner market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the Global Automotive Cylinder Liner market sector across the globe.
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the Global Automotive Cylinder Liner market, and market shares of the segments. All the required percentage shares split and market breakdowns were determined using the above-mentioned secondary approach and verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors, including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques, i.e., the top-down/bottom-up approach, were applied to arrive at the market forecast for 2032 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs), including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the Global Automotive Cylinder Liner market. Data was split into several segments and sub-segments after studying various parameters and trends by Material, By Fuel Type, By Contact, and By Vehicle Type in the Global Automotive Cylinder Liner market.
The current & future market trends of the Global Automotive Cylinder Liner market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
Q1: What is the current market size and growth potential of the Global Automotive Cylinder Liner market?
Q2: What is the driving factor for the growth of the Global Automotive Cylinder Liner market?
Q3: Which segment has the largest share of the Global Automotive Cylinder Liner market by Material?
Q4: Which region will dominate the Global Automotive Cylinder Liner market?
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