The global automotive cylinder liner market is estimated to be valued at US$ 3,922.4 Mn in 2017 and is projected to reach US$ 5,627.9 Mn by the end of 2027, expanding at a CAGR of 3.7% over the forecast period (2017-2027). In terms of volume, APEJ is expected to exhibit promising growth in the global automotive cylinder liner market, registering a CAGR of 3.6% over the forecast period. With increasing passenger cars and LCVs, the APEJ market is expected to witness a high growth rate over the coming years. India and China are likely to provide substantial opportunities in the global automotive cylinder liner market over the coming years.
Innovative, high quality and cost-effective products are driving revenue growth of the global automotive cylinder liner market In countries such as France, Spain, UK, China, and India, the production of passenger cars is growing at a significant rate and will contribute to the growth of the automotive cylinder liner market. Moreover, in countries of APEJ region the demand for agriculture equipment is growing at a significant CAGR and this will likely spur the demand for automotive cylinder liners in the region. Growing demand for automotive cylinder liners for construction equipment in APEJ will also contribute to the growth of the automotive cylinder liner market.
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Performance analysis of the global automotive cylinder liner market
On the basis of application, the automotive cylinder liner market is segmented into diesel engines and gasoline engines. The gasoline engines segment is projected to account for a major share of the global automotive cylinder liner market through 2027. Furthermore, automotive cylinder liners for diesel engines is expected to grow at a significant CAGR over the forecast period.
On the basis of vehicle type, the automotive cylinder liner market is segmented into light duty and heavy duty vehicles. The light duty vehicles segment is anticipated to expand at a CAGR of 3.7% over the forecast period to reach a market value of US$ 5,175.5 Mn by the end of 2027. The demand for light duty automotive cylinder liner is expected to remain high across various regions. On the other hand, the heavy duty automotive cylinder liner segment is estimated to exhibit a substantial growth rate throughout the forecast period owing to factors like increasing demand for heavy trucks, construction equipment, and agricultural equipment.
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On the basis of material type, the global automotive cylinder market is segmented into cast iron, aluminium alloy, steel, and titanium alloy. Among these material types, cast iron is projected to expand at a CAGR of 3.6% over the forecast period. However, aluminium alloy is growing at significant CAGR as compared to cast iron owing to an increase in demand for light weight material whereas, titanium alloys are preferred for luxury and sports cars.
On the basis of liner type, the market is segmented into dry and wet liner. Dry liners are generally preferred for light engines (light duty vehicles) and wet liners for heavy duty engines (heavy duty vehicles). However, in Western European & North American countries wet liners are the preferred choice for both light duty vehicles as well as for heavy duty vehicles. In terms of value, the market demand for dry liner segment is expected to grow at a steady CAGR over the forecast period.