Automotive Cast Iron Cylinder Head Market Research Report and Outlook by 2028

The worldwide market for automotive cast iron cylinder heads is projected to increase from US$ 5,878.38 million in 2021 to US$ 7,888.85 million by 2028, reflecting a compound annual growth rate (CAGR) of 4.3% during the period from 2021 to 2028.

Cast iron is a remarkably adaptable and durable material, known for its ability to withstand significant wear and tear over time. In instances where the cylinder head sustains cracks or damage, repairs can be effectively performed through methods such as welding, drilling, or pinning. Utilizing a cast iron cylinder head in street engines facilitates efficient heat transfer, assisting the engine in reaching its ideal operating temperature swiftly. Furthermore, these cylinder heads are generally more affordable compared to aluminum alternatives, allowing consumers to enhance their engines without incurring excessive costs. The robust nature of cast iron also implies that in scenarios involving high valve spring pressure, maintenance intervals can be extended, contributing to a longer lifespan for the cylinder head. This durability is a key factor propelling the expansion of the automotive cast iron cylinder head market.

In light of the Covid-19 pandemic, regional governments recognize the necessity for additional support for businesses of all sizes, as the crisis has significantly disrupted operations across both public and private sectors in Europe. The pandemic has had a profound impact on various member states, including Russia, the UK, France, Italy, Spain, and Germany. Consequently, companies in these regions are grappling with substantial economic hurdles, with many either halting operations or drastically scaling back their activities. This shutdown is anticipated to contribute to an economic downturn in the first half of 2021, with consumer spending in sectors such as apparel, goods, and services likely to be deferred temporarily, although some spending is expected to resume partially once lockdown restrictions are lifted. The Centre for Strategic and International Studies has forecasted a decline in military spending across European nations due to the financial crisis triggered by COVID-19, which may result in fewer new standards being adopted, potentially affecting the automotive cast iron cylinder head market.

Key players in the automotive cast iron cylinder head market include 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. The report also includes secondary research on other companies that hold a significant share of the market.

The assessment of the automotive cast iron cylinder head market size has been achieved through a blend of primary and secondary research methodologies. The research process commenced with an extensive secondary research phase, leveraging both internal and external sources to collect qualitative and quantitative data pertinent to the automotive cast iron cylinder head market. This phase aimed to provide a comprehensive overview and forecast for the market segments within the region. Additionally, numerous primary interviews were conducted with industry stakeholders and experts to validate the findings and gain deeper analytical insights into the market. Participants in these interviews included industry professionals such as vice presidents, business development managers, market intelligence managers, national sales managers, external consultants like valuation experts, research analysts, and key opinion leaders specializing in the automotive cast iron cylinder head sector.