TOYOTA INDUSTRIES CORPORATION; Yamaha Motor Co., Ltd.; Sandvik Coromant; Nemak; and TEKSID S.P.A are some of the key market players operating in the global automotive cast iron cylinder head market. The listing of key players is derived by considering multiple factors such as overall revenue, current automotive cast iron cylinder head portfolio, geographical reach, new product launches, market initiatives, and investment in technology up-gradation, partnerships, and other market-related activities. In addition to these players, there are several other important players operating in the automotive cast iron cylinder head market which were analyzed during the course of this market research study, such as Cummins Inc., YASUNAGA CORPORATION, Silbitz Group GmbH, Mauss GmbH, and Cooper Corp. among others.
TOYOTA INDUSTRIES CORPORATION; Yamaha Motor Co., Ltd.; Sandvik Coromant; Nemak; and TEKSID S.P.A – PROMINENT MARKET PARTICIPANTS IN AUTOMOTIVE CAST IRON CYLINDER HEAD MARKET
On the basis of Engine Type, the global automotive cast iron cylinder head market is segmented into Straight or Inline Engine, V-Type Engines, and Flat Engines. Based on Vehicle Type, the global automotive cast iron cylinder head market is segmented into Two Wheelers and Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles. Based on geography, the global automotive cast iron cylinder head market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
The government body of the region realizes that all businesses, irrespective of their size scale, need more assistance during the Covid-19 outbreak. The crisis is impacting the business operation of both public and private companies in Europe. Russia, the UK, France, Italy, Spain, and Germany are some of the worst affected member states in the European region due to the COVID-19 outbreak. Businesses in the region face severe economic difficulties as they either suspend their operations or substantially reduce their activities. Due to the business shutdown, the region is anticipated to witness an economic slowdown in the first half of 2021. Consumption in sectors such as clothing and goods and services is anticipated to be temporarily postponed, with spending expected to restart in part when the lockdowns been released. According to the Centre for Strategic and International Studies, military expenditures in European nations is projected to fall as a result of COVID-19’s worldwide financial crisis, resulting in fewer new norms being adopted, affecting the automotive iron cast cylinder head market.
Most of the market initiatives were observed in North America, APAC and Europe region, which has a high potential for software asset management providers. Few of the important market initiatives and product developments from the industry are mentioned below:
| Year | News | Country |
| 2021 | Toyota Industries Corporation and Siemens are collaborating on digital die casting transition. The project is one of the first to employ defect prediction AI for die casting. It boasts quality and productivity by utilizing the AI application in Siemens’ edge computing platform for Industrial Edge. Toyota Industries Corporation intends to leverage the project to expand their technology further and implement it into their production plants in Japan and globally. This adoption of technologies is also helpful in manufacturing cast iron products. | APAC |
| 2021 | The new United States-Mexico-Canada Agreement (USMCA) is beneficial to Cummins and America, laying the groundwork for economic growth in all three countries. The trade agreement expands market access and establishes new norms to improve commerce while strengthening labor and environmental standards. Instead of executing the same job in various countries, the USMCA will allow Cummins to leverage its North American supply chain’s potential fully. To develop the most innovative and dependable products globally, the corporation can take advantage of distinct worker talents in several North American regions. This should put the company to compete with imported products in North American markets. | North America |
