Aluminum Crankcase - Key Geographical Regions and Forecasts by Technavio

Technavio has published a new report on the global aluminum crankcase market from 2017-2021. (Graphic: Business Wire)

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LONDON--()--The global aluminum crankcase market is expected grow at a CAGR of over 7% during the forecast period, according to Technavio’s latest report.

In this report, Technavio covers the market outlook and growth prospects of the global aluminum crankcase market for 2017-2021. The market is further categorized into two application segments, including inline engines and V6 and V8 engines, of which the inline engines segment dominated the market with approximately 77% of the overall market share in 2016.

Due to the continued downsizing of large and mid-size engines by OEMs, small displacement boosted engines, such as inline 3 cylinder and inline 4 cylinder, will power most of the future mass segment cars,” says Praveen Kumar, a lead powertrain research expert from Technavio.

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Technavio’s research study segments the global aluminum crankcase market into the following regions:

  • Americas
  • APAC
  • EMEA

In 2016, with a market share of about 49%, APAC dominated the global aluminum crankcase market, followed by the Americas with around 33% and EMEA with roughly 18%.

Aluminum crankcase market in APAC

In APAC, the major OEMs accounting for most of the market share for passenger cars include Suzuki, Honda, and Toyota. In APAC, most of the late-model engines have aluminum blocks. Suzuki in its K&J series, the newly developed booster jet engine is equipped with aluminum crankcases.

Most passenger cars manufactured by Chinese domestic OEMs are equipped with aluminum crankcases as most of the locally made cars in China are powered by a naturally aspirated port fuel injected engines, which make up for their low power output due to the lesser weight of aluminum construction,” says Praveen.

Aluminum crankcase market in the Americas

The market for aluminum crankcase is likely to grow at a CAGR of 6.44% in the Americas during 2016-2021. Most of the newly developed engine families have aluminum blocks, which helps to reduce the weight of the engine and reduce fuel consumption. The 2.4L four-cylinder General Motors models, like GMC Terrain; Buick LaCrosse, Verano, Regal; and Chevy Equinox, have aluminum crankcase.

There is an increasing concern for CO₂ emissions and other greenhouse gases in the automotive industry. The growing concerns have led the EPA to come up with mandatory fuel emission standards such as CAFE rules. It would require automakers to attain the 2025 CAFE limits of 54.5 mpg while doubling the present fuel economy requirements.

Aluminum crankcase market in EMEA

EMEA accounts for the least market share for aluminum crankcase market. Aluminum crankcase has a very low penetration in diesel engine cars, as diesel engine cars mostly use cast iron crankcase or compacted graphite engine blocks, which provide more fatigue strength, hardness, and higher tensile strength.

Volkswagen's 2.0 TDI EA 189 diesel engine has a new cylinder head made up of aluminum. The three-cylinder engine is used in car models such as Volkswagen Golf Mk6, VW Jetta Mk5 TDI, Volkswagen Tiguan, and Volkswagen Passat.

The top vendors in the global aluminum crankcase market highlighted in the report are:

  • ThyssenKrupp
  • Sandvik
  • Nemak
  • Linamar

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

If you are interested in more information, please contact our media team at media@technavio.com.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com

Release Summary

The global aluminum crankcase market is expected grow at a CAGR of over 7% during the forecast period, according to Technavio’s latest report.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com