Automotive Engine Cylinder Block Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 4.50 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Automotive Engine Cylinder Block Market Analysis
The Automotive Engine Cylinder Block Market was valued at USD 11.27 billion in 2021 and is expected to reach USD 15.13 billion by 2027 registering a CAGR of around 4.5% during the forecast period.
The COVID-19 pandemic had a negative impact on the market during 2020 due to a halt in manufacturing activities and supply chain disruptions due to restrictions imposed by governments worldwide. However, post-pandemic as economic activities restored the demand started gaining momentum owing to notable growth in production and sales of vehicles across major countries like the United States, China, India, and others.
Over the medium term, rising vehicle production and rising demand for technologically sophisticated powered engines for improved vehicle performance are expected to drive demand in the market over the forecast period. In addition, Furthermore, expansion of the automotive engine industry coupled with the growing inclination of customers toward high-end automobiles is likely to offer lucrative opportunities for players operating in the market. For instance, Audi has created a TFSI 4-cylinder engine, the most efficient 2-liter gasoline engine on the market. Such technical advancements will undoubtedly enhance market growth, elevate the need of efficient engine cyclinder blocks as it forms crucial integral part in the automotive engines.
Apart from these factors, demand for improved engine performance and higher fuel efficiency to comply with government regulations to reduce vehicle emissions has led to the development of engines producing lesser carbon emissions. These developments are further impacting the market growth positively. However, growing adoption of electric vehicles and key players initiatives in this regard to comply implementation of stringent laws like ban on diesel, petrol engines across key European countries to slowdown demand in the market.
Furthermore, Significant investments in research and development and commitment with focus on developing an latest technologies such as such as engine control unit replacement, on increasing the average vehicle's lifespan and engine's lifecycle anticipated to offer lucrative opportunities for players operating in the automotive engine cyclinder block market.
Asia-Pacific is projected to grow substantially over the forecast period owing to the technological advancements in automotive engine industry. Moreover, rising demand for mid and high-end segment cars with powerful engines and budget-friendly prices to attract mid-income level consumers to drive demand for engine cyclinder blocks in the region. In North America, and Europe the demand for engine cyclinder blocks to be driven by commercial vehicles as key countries in this region are rising infrastructure investments. Further, technological advancements in propulsion, and the continued growth of regional to global supply chain networks projected to spur growth in these regions.
Automotive Engine Cylinder Block Market Trends
This section covers the major market trends shaping the Automotive Engine Cylinder Block Market according to our research experts:
Passenger Car Segment Likely to Hold Majority Share in the Market
The Passenger car segment of the market expected to grow significantly over the forecast period owing to rising vehicle production and growing customer base across the world. For example, In 2021, some 56.4 million passenger cars were sold globally, up by about five percent year-on-year. At just under 21.5 million units, China was the world's largest regional market for automobiles in 2021. Further, In passenger cars, the automotive engine cylinder block supports an internal combustion engine.Motion is transmitted from the vehicle's crankshaft through the transmission and onto each wheel by the powertrain.When you accelerate or apply pressure to your brakes, the crankshaft, on one end, rotates, and the wheels, on the other, slow down.
Several key OEMS are actively launching new models and are focusing on enhancing their existing IC engine portfolio which in coming years expected to enhance overall demand in the market. For instance,
- In November 2020, Volkswagen de México announced an investment of USD 233.5 million for the production of the new EA211 engine at the Silao engine plant in Guanajuato and said engine will be integrated into the production of Volkswagen models in the North America region. For its production, the Silao plant installed a new complete engine assembly line, as well as new production lines for the block, crankshaft, cylinder heads and connecting rods.
Furthermore, with the growing focus on improved fuel economy and reduced exhaust emissions, are expected to witness fast growth during the forecast period. However, growing electric vehicles result in decline in demand for engine cyclinder blocks, despite the fact that EVS are on rise the majority of the market is still dominated by IC engines. It is anticipated that the rising demand for high-end automobiles and the use of high-power engines in racing will soon contribute to the expansion of the automotive engine market. Therefore, the above mentioned trends and developments in market expected to contribute for growth of passenger car segment of the market studied over the forecast period.
Asia-Pacific Region Anticipated to Grow at Significant Level During the Forecast Period
Asia-Pacific region is likely to hold a significant share in the automotive engine cylinder markret owing to the growing demand for passenger cars across major countries like China, India, Japan, etc. Further, the presence of key automakers coupled with the presence of numerous aftermarket manufacturers in the region is anticipated to enhance the demand in the market during the forecast period.
The Asia-Pacific region are anticipated to grow significantly over the forecast period owing to the presence of key economies such as India, China, etc. which contribute majority of vehicle production across the world. For example, The total volume of automobile industry sales in China reached 26.2 million units in 2021, around 21.5 million units out of which were passenger cars. Further with key companies playing active role region expected to grow significantly over forecast period. For instance,
- In March 2022, Harbin Dongan Auto Engine Co., Ltd. ( unveiled its investment plan for 2022. There are two special investment projects. The first one is building a production line for high-efficiency extended-range engines, involving the transformation of the machining center, marking machines, tightening machines, gluing machines and other equipment. This project will be built by Harbin Dongan Automotive Engine Manufacturing Co., Ltd. (DAE), a subsidiary of Harbin Dongan Auto Engine, with a total investment of CNY 72.33 million. The second project is a process capability improvement project, involving cylinder head automatic grinding equipment and cylinder block final cleaning machines. This project will be built by Harbin Dongan Auto Engine with a total investment of CNY 24 million.
- In March 2022, the Competition Commission of India (CCI) approved the proposed combination involving the acquisition of the stake in ISMT Limited by Kirloskar Ferrous Industries Limited. Kirloskar Ferrous is presently engaged in the business of manufacturing and sale of pig iron and grey iron castings such as cylinder blocks, cylinder heads, transmission parts, and different types of housings required by automobile, tractor, and diesel engine industries.
Additionally, vehicle replacement rates in this region are rising at a faster rate than they were a few years ago owing to active developments in the aftermarket sector of the automotive industry coupled with presence of several local and regional players.This region is also popular for engine rework and reassembling, which will propel the automotive engine cylinder blocks market's expansion.In order to meet OEM and aftermarket demand, players in the region are rapidly expanding to expand their supply capacity.Thus, Asia-Pacific market is expected to benefit from all of these factors.
Automotive Engine Cylinder Block Industry Overview
The Automotive engine piston rings market is fragmented, with several players vying for a considerable share in the market. Some of the prominent companies in the Automotive Engine Cylinder Block market are Cummins, Perkin's Engine Co., Fiat Chrysler automobiles and others. Companies are investing heavily in research and development for the innovation of new and advanced products and technologies. In March 2020, Fiat Chrysler Automobiles announced that they will be investing USD 400million to use their transmission plant in Indiana to build engines. For instance,
- In March 2021, Stellantis officially started the new production line for GSE Turbo engines, inside the Fiat Powertrain Technologies plant in Betim, Brazil, making it the largest powertrain production plant in Latin America, with an annual capacity of 700,000 engines and 500,000 transmissions. With an area of 12,000 square meters, the plant has two machining lines for cylinder heads and engine blocks and an assembly line, divided into three cycles: cylinder head, short block and long block.
- In April 2021, ASIMCO announced that construction of its automotive component manufacturing site project commenced in the city of Yuncheng, Shanxi Province. The project has received a total investment of CNY 1.05 billion and will mainly produce cylinder blocks and covers for 10-15L diesel engines, with an annual output expected to reach CNY 1.5 billion. Casting production lines and intelligent processing lines will be built with a designed capacity of 60,000 tons.
Automotive Engine Cylinder Block Market Leaders
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Cummins
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Perkin’s Engine company
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Yasunaga corporation
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Fiat Chrysler Automobiles
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Deutz
*Disclaimer: Major Players sorted in no particular order
Automotive Engine Cylinder Block Market News
- In July 2022, KAMAZ announced that a delegation of the Moscow Automobile Plant Moskvich is visiting KAMAZ for a two-day working visit. At the Engine Plant, the guests were shown the operation of the P6 engine block and cylinder head processing line. At the press and frame plant, the focus was on the Compass car welding line and the Piemme spars profiling line. At the automobile plant, the delegation members get acquainted with the operation of the MES system by visiting the cabin assembly line and the main assembly line.
- In April 2022, Toyota announced it will invest USD 383 million in four of its U.S. manufacturing plants to support the production of four-cylinder engines, including options for hybrid electric vehicles.Toyota Tennessee in Jackson will receive USD 36 million to update equipment to build new four-cylinder engine blocks. Toyota Tennessee has the capacity to produce more than 2 million engine blocks annually and represents an overall USD 425 million investment.
- In January 2022, Renault launched the completely renewed 2023 Kwid in the Brazilian market, with a sculpted front grille and more imposing bumper, LED daytime running lights (DRL) in all versions, and double parabola headlights. The 2023 Kwid is powered by a modern 1.0 SCe (Smart Control Efficiency) 12 valve-DOHC, three-cylinder aluminum block engine, that now produces 71 hp and10.0 kgfm of torque with ethanol ,and 68 hp and 9.4 kgfm with gasoline.
Automotive Engine Cylinder Block Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size in Value USD billion)
5.1 Material Type
5.1.1 Cast Iron
5.1.2 Aluminum Alloy
5.2 Vehicle Type
5.2.1 Passenger Vehicles
5.2.2 Commercial Vehicles
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Rest of North America
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 United Kingdom
5.3.2.3 France
5.3.2.4 Italy
5.3.2.5 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 India
5.3.3.3 Japan
5.3.3.4 South Korea
5.3.3.5 Rest of Asia-Pacific
5.3.4 Rest of the World
5.3.4.1 Brazil
5.3.4.2 Mexico
5.3.4.3 United Arab Emirates
5.3.4.4 Other Countries
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Cummins Inc.
6.2.2 Perkin's Engine company
6.2.3 Deutz AG
6.2.4 Cooper Corporation
6.2.5 Yasunaga corporation
6.2.6 Seaco Pvt Ltd
6.2.7 Fiat Chrysler Automobiles
6.2.8 Ahresty Corporation
6.2.9 Rico Auto Industries
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Automotive Engine Cylinder Block Industry Segmentation
In an internal combustion engine, the engine block is the structure that contains the cylinders and other components. A cylinder block is a structure that contains the cylinder, plus any cylinder sleeves and coolant passages. The automotive engine cylinder block market covers the latest trends and technological development in the automotive engine cylinder block market.
The Scope of the report covers segmentation based on material type, vehicle type, and geography. By material type, the market is segmented into Cast Iron and Aluminum alloy. By Vehicle Type, the market is segmented into Commercial vehicles and Passenger cars.
By Geography, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the world. For each segment market size and forecast have been done on basis of value (USD billion).
| Material Type | |
| Cast Iron | |
| Aluminum Alloy |
| Vehicle Type | |
| Passenger Vehicles | |
| Commercial Vehicles |
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Automotive Engine Cylinder Block Market Research FAQs
What is the current Automotive Engine Cylinder Block Market size?
The Automotive Engine Cylinder Block Market is projected to register a CAGR of greater than 4.5% during the forecast period (2024-2029)
Who are the key players in Automotive Engine Cylinder Block Market?
Cummins , Perkin’s Engine company, Yasunaga corporation, Fiat Chrysler Automobiles and Deutz are the major companies operating in the Automotive Engine Cylinder Block Market.
Which is the fastest growing region in Automotive Engine Cylinder Block Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Automotive Engine Cylinder Block Market?
In 2024, the Asia-Pacific accounts for the largest market share in Automotive Engine Cylinder Block Market.
What years does this Automotive Engine Cylinder Block Market cover?
The report covers the Automotive Engine Cylinder Block Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Automotive Engine Cylinder Block Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Automotive Engine Cylinder Block Industry Report
Statistics for the 2024 Automotive Engine Cylinder Block market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Automotive Engine Cylinder Block analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Automotive Engine Cylinder Block Market Report Snapshots
