Automotive Cylinder Liner Market - Growth, Trends, and Forecasts (2020 - 2025)
|出版商||Mordor Intelligence LLP||商品編碼||938124|
|出版日期||內容資訊||英文 90 Pages
|汽車用缸套市場:成長，趨勢，預測(2020年∼2025年) Automotive Cylinder Liner Market - Growth, Trends, and Forecasts (2020 - 2025)|
|出版日期: 2020年05月01日||內容資訊: 英文 90 Pages||
The Automotive Cylinder Liner Market is anticipated to register a CAGR of over 5% during the forecast period.
Electric Vehicle may hinder the growth of the Market:
Electric vehicles are one of the fastest growing mode of transport. The electric vehicle market is maturing at a fast rate, as these vehicles do not cause pollution, thereby, making them ecofriendly. The exhaust emission from the conventional internal combustion engine has become a major contributor to the environmental pollution.
Electric vehicles' sales and production have witnessed a tremendously rapid growth, due to numerous advanced technological developments. The manufacturing companies have undertaken R&D concerning the design, range, and maintenance of these vehicles.
As the demand for electric vehicles is growing around the world, the governments from all the regions are taking initiatives to accelerate the shift of their nation's vehicle fleet from combustion to electric drive. Thus, this has led to rapid growth in the sales of the electric vehicles. For instance;
The increasing environmental concerns from the regulating authorities and their plans to increase the number of ZEVs are posing a threat to the existing internal combustion engines, and consequently, to the cylinder liners during the forecast period.
Commercial Vehicle segment to grow in North America and Asia-Pacific:
Commercial Vehicle sales have increased significantly over the past three years. In 2018 the total commercial vehicles sold across the globe accounted for 26.3 million units, representing a 5.06% growth in sales as compared to 2017. The United States dominated the commercial vehicle market with over 47%, followed by China with 16.5%, and India with 3.8%. The increasing demand for commercial vehicles is primarily driven by the increasing activities in the construction, mining, tourism, and freight and logistics sectors.
Government policies and initiatives are also expected to propel the growth of the market. For instance, the potential demand created by the "One Belt One Road" policy of China will continue to drive the sales for commercial vehicles in the country.
China, India, the Philippines, and Vietnam are turning out to be potential markets for demand and supply of automobiles, owing to many automobiles' manufacturers establishing their manufacturing and assembly plants in these countries. This can be attributed to the availability of labor at low costs, raw material prices, and the growing urban population in the region.
Major manufacturers, such as TATA, Mahindra, Ashok Leyland, Saic Motors are launching new models of commercial vehicles to meet the growing demand of the region. For instance, some of the recently launched commercial vehicles are Tata winger 17-seater, Mahindra Furio, etc.
The automotive cylinder liner market is a fragmented market. Some of the major players dominating the cylinder liner market are Mahle GmBH, Federal-Mogul, GKN China Holding Co., Ltd., Darton International, Inc., ZYNP. Major manufacturers are investing heavily in the research and development of automotive cylinder liner to increase their profits as well as to increase the efficiency of the products.
For instance, in June 2019, Tenneco's Powertrain has presented its all-new Megaband cylinder technology at the 2019 IAA Frankfurt. According to the company, Megaband liners provide superior robustness for high performance and durability on engines with cast aluminum cylinder blocks. The new technology is suitable for light vehicle applications of all types: gasoline, diesel and alternative fuels as well as hybridized versions.