Enjoy complimentary customisation on priority with our Enterprise License!
Technavio’s market research report predicts that the global aluminum crankcase market will grow at a CAGR of above 7% during the forecast period. The downsizing of the large-capacity engines to mid-size engines will be one of the primary drivers for market growth. There is a growing trend of downsizing the larger capacity engines to mid-size engines delivering the same amount of power and the manufacturers are working on lowering the weight of the vehicles for better fuel efficiency. The introduction of stringent norms in Europe compel the European manufacturers to focus on the reduction of emissions and improve fuel efficiency, in turn driving engine downsizing. The diesel engines have already witnessed about 40% downsizing due to the stringent regulations regarding CO₂ emissions and this trend is likely to move to petrol engines.
The rising application of aluminum in diesel engine blocks will also contribute to the growth of the aluminum crankcase market. Though cast iron has been used in diesel engines for a long time, the rising implementation of lightweight measures is compeling manufacturers to utilize aluminum to reduce the engine weight. The aluminum is about 40% lesser in weight compared to steel. The engine blocks for gasoline engines are generally made from aluminum and the rising growth of aluminum alloys will drive the application of aluminum blocks in diesel engines.
The global aluminum crankcase market consists of a few well-established vendors and the key vendors are currently focusing on enhancing their customer base and are increasing their investments in R&D activities. The vendor competition in the market will grow further with technological advancements in and government regulations. The manufacturers are expected to involve in long-term collaborations with the vendors as the quality of materials used and design are vital factors in managing costs that are unique to each vendor.
Key vendors in the market are:
Other prominent vendors include Bluewater Thermal Solutions, Rockman, and Ryobi Die Casting.
During 2016, the inline engines segment dominated the global aluminum crankcase market and the segment is expected to continue its dominance over the next four years. The increased downsizing of large and mid-size engines by manufacturers and the rising adoption of small displacement boosted engines such as inline three cylinder and inline four cylinders in the future mass segment cars, will to propel the segment’s growth.
In terms of geography, APAC led the global aluminum crankcase market during 2016 and is foreseen to continue the domination during the forecast period. Factors such as the increase in the sales of passenger car and the rise in focus to reduce the weights of cars to meet the fuel economy, will drive the growth of the market in this region.
Technavio also offers customization on reports based on specific client requirement.
Technavio’s reports for the automotive industry overlay various product and service markets including powertrain, automotive components, and auto accessories. Technavio’s reports also provide an exhaustive list of all the vendors and their competitive analysis in addition to furnishing information about the factors, which will propel and curtail the growth of vendors in the automotive industry’s marketspace.
To effectively forecast the powertrain industry’s growth possibilities, our market research experts follow a triangulated research approach of primary and secondary data and conduct an extensive analysis of the demand-supply shifts for markets across many regions around the globe. Furthermore, to help clients devise new policies for growth, our upcoming industry research report on the global aluminum crankcase market for the years 2017 to 2021 offers scrupulous insights insights constructed from information collected from market sources such as channel partners, decision makers, and manufacturers.
This upcoming report on the global aluminum crankcase market also considers the expansion of identical markets such as automotive air filter and automotive high-pressure fuel pump, which are expected to register a CAGR of almost 4% and about 9%, respectively, by the end of 2021. According to our market research analysts, the growing need for fuel economy and downsizing of large capacity engines to mid-sized engines will drive the growth of powertrain market in the coming years.
The upcoming report for the global aluminum crankcase market also enlists the key drivers, appearing trends, and the hurdles presently experienced by the automotive industry and also presents insights into automotive manufacturing and automotive electronics.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by application
PART 07: Geographical segmentation
PART 08: Key leading countries
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Key vendor analysis
PART 16: Appendix
Tags: aluminum block, aluminum casting, performance parts, car maintenance, automotive industry reports, automotive electronics market trends,
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.