automotive cast iron cylinder head Market

The global automotive cast iron cylinder head market is expected to grow from US$ 5,878.38 million in 2021 to US$ 7,888.85 million by 2028; it is estimated to grow at a CAGR of 4.3% from 2021 to 2028.

The cast iron material is highly versatile and notably long-lasting, capable of enduring regular wear and tear for an extended period. If any fractures or cuts develop in the cylinder head, it can be remedied by welding, drilling, or pinning. The use of a cast iron cylinder head in a street engine helps to quickly transfer heat and aids the engine in achieving optimal operating temperature. Additionally, these cylinder heads are less expensive than their aluminum counterparts, meaning consumers need not break the bank to upgrade their engine. The high strength of the cast iron material also means that in high-valve spring-pressure situations, there may be longer intervals between maintenance and an overall longer service life for the cylinder head, thereby driving the growth of the automotive cast iron cylinder head market.

The regional government acknowledges that businesses of all sizes require additional support during the Covid-19 pandemic, as the crisis has impacted the operations of public and private companies across Europe. The outbreak severely affected several member states, including Russia, the UK, France, Italy, Spain, and Germany. As a result, businesses in the region face significant economic challenges, with many either suspending their operations or drastically reducing their activities. This business shutdown is expected to lead to an economic slowdown in the first half of 2021, with consumption in sectors like clothing, goods, and services likely to be postponed temporarily, with spending expected to resume partly after lockdown measures are lifted. The Centre for Strategic and International Studies has projected that military expenditures in European countries will decrease due to the global financial crisis caused by COVID-19, leading to fewer new norms being adopted, which could impact the automotive cast iron cylinder head market.

TOYOTA INDUSTRIES CORPORATION; Yamaha Motor Co., Ltd.; Cummins Inc.; Sandvik Coromant; YASUNAGA CORPORATION; Nemak, Silbitz Group GmbH; Mauss GmbH; Cooper Corp.; and TEKSID S.P.A are among the key companies operating in the automotive cast iron cylinder head market. The report comprises secondary research work on other companies that hold a significant market share.

The size of the automotive cast iron cylinder head market has been determined through a combination of primary and secondary research methods. The research process began with a comprehensive secondary research effort, utilizing internal and external sources to gather qualitative and quantitative information relevant to the automotive cast iron cylinder head market. This process also aimed to provide an overview and forecast for the market's segments in the region. In addition, numerous primary interviews were conducted with industry participants and commentators to validate the data and obtain further analytical insights into the subject. These participants included industry experts such as VPs, business development managers, market intelligence managers, national sales managers, external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the automotive cast iron cylinder head market.