Project report for Auto Cylinder Liners manufacturing

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Introduction

The Asia-Pacific region is expected to dominate the automotive cylinder liners market, due to the increase in the production and sales of vehicles. China, India, Japan, the Philippines, and Australia are turning out as potential markets for demand and supply of automobiles, owing to many automotive manufacturers establishing their manufacturing and assembly plants in these countries. This can be attributed to labor availability at low costs, raw material prices, and the growing urban population in the region. As the demand for electric vehicles is growing worldwide, governments from all the regions are taking initiatives to accelerate the shift of their nation's vehicle fleet from combustion to electric drive. Thus, this has led to rapid growth in the sales of electric vehicles. Cylinder liner or Cylinder sleeve is a cylindrical space fitted into an engine which allows piston to reciprocate very smoothly. Cylinder Liner is one of the critical components of I. C. (internal combustion) Engines and reciprocating air/gas compressors for industrial and refrigeration plants. In engines, Cylinder walls can get worn or damaged from use.  It is one the most important part of engine as it gives friction and wear protective surface for piston and rings. Cylinder liner needs to be hard enough because of repeating friction caused with piston ring.The automotive cylinder liner market is segmented by material (cast iron, stainless steel, aluminum, and titanium), fuel type (gasoline and diesel), contact (wet cylinder liners and dry cylinder liners). Cast iron is the most preferred material for automotive cylinder liner, mainly because of its low cost and reduced weight. Additionally, hybrid liner technology serves better functionality and is being majorly adopted by manufacturers.

Market potential & Strategy

The global Automotive Cylinder Liner market size is projected to reach INR 327,440 Crores by 2026, from INR 350071 Crores in 2020, at a CAGR of -1.1% during 2021-2026. The Global production of the Automotive Cylinder Liner is about 376 Million Unit in 2015. The production region is relative dispersion. The main manufacture region is concentrated in the Asia. The price has little fluctuation; the average price is about INR 1,015.71 per unit in 2015. The gross margin has the similar trend with the price. The gross margin is about 28.85% in 2015. In the future, the Automotive Cylinder Liner will have a good future; the price fluctuation has relationship with the raw material. The technology will more mature and the monopoly phenomenon will be weaken.

The automotive cylinder liner market is expected to witness high growth over the forecast period. Developing nations may account for a significant percentage of internal combustion engines, while there is even spread throughout cylinder liners. Growth in eco-friendly vehicles impedes the growth of gas-driven automobiles, which inadvertently reduces the prospects of cylinder liners.

Manufacturers are expected to strive to reduce the weight of liners, by adopting to lightweight metals to get optimum material that can take engine high-temperature piston rings' friction and being leak proof is a major challenge. Aluminum cylinder liners are likely to be a frontrunner, in terms of growth. This is because the prices of aluminum are constant over the past five years, and no changes are expected in the future. Increasing industrialization, urbanization, and economic growth in developing countries is boosting the demand for automobiles, which, in turn is accelerating the demand for automotive cylinder liners. Consumers in these countries have high amount of disposable income, which allow them to invest in the automotive industry. There is strong foothold of oil & gas and construction sectors in Middle Eastern countries.

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