The global automotive cylinder liner market is worth US$ 4.74 Billion as of now and expected to reach US$ 5.63 Billion by the year 2027 at a CAGR of 3.5% between 2022 and 2027.
With broad-ranging cylinder liners available, the automotive cylinder liner market is expected to grow on a good note in the near future.
Majority of the OEMs are into establishment of plants for fulfilling customers’ demand. Market participants like Suzuki, Ford, Hyundai, Honda, and several others have joined this bandwagon. The players like Federal Mogul LLC, Kusalava Ltd., Nippon Piston Rings Co. Ltd., and likewise do have their production plants in such emerging countries. Also, increasing building and farming activities do create demand at the global level for the automotive cylinder liner market. On the whole, global automotive cylinder liner market is expected to exhibit a decent CAGR in the near future.
One of the major factors accelerating the automotive cylinder liner market is paradigm shift to hybrid liner (from conventional alloy). Better efficiency and functionality are driving this shift. Also, EPA and CAFÉ standards have turned out to be comparatively stringent and do fine the automakers heavily if they do not comply with standard miles per gallon (mpg) norms. Additionally, efficient alloys with higher tensile strength are being used in automotive components. All these factors are expected to drive the automotive cylinder liner market in the forecast period.
However, the fact that initial investments in automotive cylinder liners are high can’t be ignored. Plus, demand for electric vehicles is on the rise. Excessive research is also being conducted to adopt lightweight metal to manufacture this liner. This could raise concerns about the liners being leakproof. These factors may hamper the automotive cylinder liner market in the forthcoming period.
Future Market Insights has walked through these facts with future prospects in its latest market study entitled ‘Automotive Cylinder Liner Market’. It has its indigenous team of analysts and consultants to incorporate bottom-up approach herein. Micros as well as macros haven been worked upon.
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https://www.futuremarketinsights.com/reports/automotive-cylinder-liner-market
Key Takeaways from Automotive Cylinder Liner Market
Competitive Cylinder Liners
“With increase in sales of commercial vehicles, the global automotive cylinder liner market is bound to grow on irrevocable note in the years to come”, says an analyst from Future Market Insights.
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