Straight or Inline Engine Segment to Dominate North America Automotive Cast Iron Cylinder Head Market during 2020–2028
According to The Insight Partners market research study on “North America Automotive Cast Iron Cylinder Head Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Engine Type and Vehicle Type” is expected to reach US$ 1,537.54 million by 2028 from 1,179.39 US$ million in 2021. The market is estimated to grow at a CAGR of 3.9% from 2021 to 2028. The report provides trends prevailing in the North America automotive cast iron cylinder head market along with the drivers and restraints pertaining to the market growth. Rising application of iron cast cylinder heads in truck engines is the major factor driving the growth of the North America automotive cast iron cylinder head market. However, issues associated with overheating of cast iron cylinder head hinders the growth of North America automotive cast iron cylinder head market.
The North America automotive cast iron cylinder head market is segmented on the basis of engine type, vehicle type, and country. Based on engine type, the market is segmented into straight or inline engine, v-type engines, and flat engines. The straight or inline engine segment held the largest market share in 2020. Based on vehicle type, the North America automotive cast iron cylinder head market is segmented into two wheelers, passenger cars, light commercial vehicles, and heavy commercial vehicles. The heavy commercial vehicles segment held the largest market share in 2020. Based on country, the market is segmented into the US, Canada, and Mexico. The US held the largest market share in 2020.
Cooper Corp.; Cummins Inc.; Nemak; Sandvik Coromant; Toyota Industries Corporation; Yamaha Motor Co., Ltd.; and Yasunaga Corporation are among the leading companies in the North America automotive cast iron cylinder head market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, Toyota Industries Corporation and Siemens are collaborating on digital die casting transition. The project is one of the first to employ defect prediction AI for die casting. It boasts quality and productivity by utilizing the AI application in Siemens’ edge computing platform for Industrial Edge. Toyota Industries Corporation intends to leverage the project to expand their technology further and implement it into their production plants in Japan and globally. This adoption of technologies is also helpful in manufacturing cast iron products.
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