Industry Trends

      From the perspective of the core market, China's gasoline engine cylinder block market accounts for about% of the global market share, making it one of the most important consumer markets in the world, with a higher growth rate than the world. The market size in 2022 is about 100 million yuan, and the compound annual growth rate from 2018 to 2022 is about%. With the acceleration of product development by domestic enterprises and the dual wheel drive of new technologies and industrial policies, the Chinese gasoline engine cylinder block market will usher in development opportunities in the future. It is expected that the Chinese gasoline engine cylinder block market will grow to 100 million yuan by 2029, with a compound annual growth rate of about% from 2023 to 2029. In 2022, the market size in the United States was billion yuan, while in Europe it was billion yuan. It is expected that in the next six years, the CAGR of these two regions will be% and%, respectively.

        From the perspective of product types, based on revenue, the market share of cylinder heads in 2022 is%, and it is expected to reach% in 2029. At the same time, in terms of applications, the share of passenger cars in 2029 is approximately%, and the CAGR in the coming years is approximately%.

        The main participants in the global gasoline engine cylinder block market include Nemak, Eisenwerk Bruehl, Honda, Toyota, and Volkswagen, among others. In terms of revenue, the top three global manufacturers hold approximately% of the market share in 2022.