Market Share of Automotive Engine Cylinder Block Industry
The Automotive engine piston rings market is fragmented, with several players vying for a considerable share in the market. Some of the prominent companies in the Automotive Engine Cylinder Block market are Cummins, Perkin's Engine Co., Fiat Chrysler automobiles and others. Companies are investing heavily in research and development for the innovation of new and advanced products and technologies. In March 2020, Fiat Chrysler Automobiles announced that they will be investing USD 400million to use their transmission plant in Indiana to build engines. For instance,
- In March 2021, Stellantis officially started the new production line for GSE Turbo engines, inside the Fiat Powertrain Technologies plant in Betim, Brazil, making it the largest powertrain production plant in Latin America, with an annual capacity of 700,000 engines and 500,000 transmissions. With an area of 12,000 square meters, the plant has two machining lines for cylinder heads and engine blocks and an assembly line, divided into three cycles: cylinder head, short block and long block.
- In April 2021, ASIMCO announced that construction of its automotive component manufacturing site project commenced in the city of Yuncheng, Shanxi Province. The project has received a total investment of CNY 1.05 billion and will mainly produce cylinder blocks and covers for 10-15L diesel engines, with an annual output expected to reach CNY 1.5 billion. Casting production lines and intelligent processing lines will be built with a designed capacity of 60,000 tons.
Automotive Engine Cylinder Block Market Leaders
Cummins
Perkin’s Engine company
Yasunaga corporation
Fiat Chrysler Automobiles
Deutz
*Disclaimer: Major Players sorted in no particular order
