According to the latest market research study released by Technavio, the global automotive cylinder head market is expected to grow at a CAGR of close to 1% during the forecast period 2016-2020.
This market research report by Technavio provides an in-depth analysis of the market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
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Technavio research analysts categorize the global automotive cylinder head market based on material type:
Global automotive cylinder head market share by material type 2015
|
Cast Iron |
68% |
|
Aluminum |
30% |
|
Titanium |
2% |
Source: Technavio
Global automotive cylinder head market by cast iron
The global automotive cylinder head market by cast iron was valued at more than 62 million units in 2015 and is expected to grow at a CAGR of about 21% by 2020. The extensive use of cast iron materials for the engine downsizing and building of fuel-efficient cars will fuel the market growth of automotive cylinder head market. The cast iron materials segment dominates the market due to its extensive use by OEMs for cylinder heads manufacturing as it offers durability and lower production cost. Cast iron cylinder heads help with better weight transfer at launch and aid in better weight distribution. The most common application of cast iron cylinder heads is in manufacturing of automotive used for drag racing.
“Vendors are focusing on improving cast iron cylinder heads by making larger valves and improved flow designs to increase the performance of the vehicle. Cast iron materials have better mechanical properties and dissipate less heat compared to other materials. Manufacturers prefer using these materials as they are cost effective and increases vehicular performance. The requirement for light, efficient, and powerful engines will lead to the growth of this market segment in the coming years,” says Siddharth J, a lead analyst at Technavio for research on automotive components.
Global automotive cylinder head market by aluminum
The global automotive cylinder head market by aluminum was valued at around 27 million units in 2015 and is expected to grow at a CAGR of almost 11% by 2020. The increased focus on engine downsizing and fuel emission norms will drive the growth of this market segment. Aluminum is used for several automotive components that includes chassis, bodies, engine blocks, radiators, and hubcaps. The advantages of using aluminum in manufacturing automotive components includes light-weightiness, thermal resistance, and ability to recycle these materials. Technological advancements make these components more durable and resistant to warping. Aluminum castings in automobiles are widely used in pistons, cylinder heads, intake manifolds, transmission-like axles, differential housings, and drive shafts. These materials have applications in heat shields, bumper re-enforcements, airbag housings, pneumatic systems, sumps, seat frames, and side-impact panels. The OEMs will shift towards using aluminum materials to reduce engine weight and to follow stricter emission norms being laid by governments over the period of next four years.
Global automotive cylinder head market by titanium
The global automotive cylinder head market by titanium was valued at almost 2 million units in 2015 and is expected to grow at a CAGR of around 24% by 2020. The increased use of titanium materials for manufacturing and casting of engine and exhaust components for sports car will lead to the growth of this market segment during the forecast period. These materials have high strength, low density, and excellent corrosion resistance making it the most preferred metal for lightweight automotive applications. These materials help in weight reduction and is excellent for high-performance concords. Titanium materials are used for manufacturing engine valves that help reduce the translating mass of valve tappet, finger-follower, and makes high-performance engines. These materials also have lower thermal conductivity compared to other casting materials.
The top leading vendors operating in the global automotive cylinder head market are:
- Linamar
- Nemak
- Sandvik Coromant
- ThyssenKrupp
Other prominent vendors in the market include All-heads Services, Brodix, Elringklinger, Federal-Mogul, and Parker Hannifin Corporation.
A more detailed analysis is available in the Technavio report titled, ‘Global Automotive Cylinder Head Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
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