Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.
Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.
We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.
In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months. Request Insights
Cylinder liner is a cylindrical part of the engine which acts as the enclosure in which the combustion takes place. It is the crucial functional part which is used to make up the interior of the engine.
The global automotive cylinder liner market is estimated to be valued at USD 3,895.6 Million in 2017 and is projected to reach USD 5,761.2 Million by the end of 2027, expanding at a CAGR of 4.2% over the forecast period (2017-2027). In terms of volume, Asia Pacific is anticipated to portray significant growth in the global cylinder liner market. Increasing passenger cars and LCVs market growth is anticipated to show a wide growth in automotive cylinder liner market.
European market is rising due to the increasing penetration of automotive vehicle among people and rising demand for passenger and commercial vehicle in urban cites. Moreover, advancement and availability of wide range of cylinder liner such as stainless steel cylinder liner, cast iron cylinder liner, titanium alloy cylinder liner, aluminum alloy cylinder liner and other engine parts of a car in the region is fostering the growth of automotive cylinder liner market. Further, Germany, Italy and Spain are expected to account for the largest share of revenue by 2027. The automotive market in Asia-Pacific countries such as India, China and japan is expected to benefit from rapid urbanization. Further, titanium alloy cylinder liner is expected to continue to see its use in future vehicles. This factor is envisioned to bolster the growth of automotive cylinder liner market. Moreover, presence of large number of automotive players in China is anticipated to strengthen the growth of the automotive cylinder market.
North America automotive cylinder liner market is projected to hold a significant market share in terms of value in the global automotive cylinder liner market over the forecast period, exhibiting a CAGR of 2.9% over the forecast period. CLICK TO DOWNLOAD SAMPLE REPORT
Our-in depth analysis of the global automotive cylinder liner market includes the following segments:
Global automotive cylinder liner market is further classified on the basis of region as follows:
Global automotive cylinder liner market is wholly dependent on the growing economies. In addition, growing use of automobile vehicles in the developing nations such as Asia pacific countries like India and China are aiding to the growth of the market. Growing population in urban cities is one of the key factors which are driving the market of automotive industry. Furthermore, factor such as increasing number of heavy trucks and growing demand for passenger vehicles are driving the market for automotive cylinder liners. Titanium alloys are preferred for luxury and sports cars. Owing to these factors, the demand for automotive cylinder liners is expected to rise in the global automotive industry over the forecast period.
Moreover, increasing adoption of passenger cars is expected to boost up the sale of passenger car cylinder liner market. Factor such as ease of availability, continuous improvement and attractive looks is believed to attract more automotive customers. Consequently, the demand for automotive cylinder liner is believed to increase during the forecast period. Major manufacturers are focusing on development and marketing of the stainless steel cylinder liner and cast iron cylinder liner.
High cost of titanium cylinder liner is expected to diminish the market growth. Moreover, availability of substandard raw materials such as dry sleeve liner might dampen the growth of automotive cylinder liner market.
Overview of the Parent Market
Analyst View
Segmentation
The global automotive cylinder liner market is segmented as follows:
Market Dynamics
Supply & Demand Risk
Competitive Landscape
Porter’s Five Force Model
Geographical Economic Activity
Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent Trends and Developments
Industry Growth Drivers and Challenges
Key Information for Players to establish themselves in current dynamic environment
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