According to latest report by IMARC Group, titled “Automotive Piston Market Report: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global automotive piston market size reached a value of US$ 4.06 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 4.91 Billion by 2027, exhibiting at a CAGR of 3.1% during 2022-2027. An automotive piston refers to a cylindrically shaped component which moves up and down inside the cylinder of an engine. The reciprocating action of the piston produces significant inertial force and generates mechanical energy that propels the crankshaft movement as well as provides the necessary power to an automobile for its proper functioning. These pistons are generally made up of aluminum and steel alloys as they can endure high temperatures and prevent the leakage of gas. They withstand combustion pressure and reciprocate loads to have expansion control for noiseless and long-life operation.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Global Market Trends:
Owing to the growing population and inflating disposable incomes, people are now more inclined toward spending on personal vehicles, especially in emerging economies. This has resulted in the increasing sales of automobiles, which acts as a significant contributor to the market growth. Moreover, the market is driven by the emerging trend of high-end bikes having double cylinders, which require two pistons each. This, coupled with the launch of innovative and lightweight products developed from carbon, silicon and magnesium by manufacturers, is rapidly driving the market toward growth.
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Key Market Segmentation:
Competitive Landscape:
The competitive landscape of the market has also been analyzed with some of the key players operating being
- MAHLE GmbH
- Aisin-Seiki Co. Ltd.
- KSPG AG
- Hitachi Automotive Systems
- Federal-Mogul
- India Pistons Limited
- Arias Piston
- Capricorn Automotive
- Ross Racing Piston
- Shriram Pistons and Rings
Market Breakup by Material:
- Aluminum
- Steel
Market Breakup by vehicle:
- Passenger cars
- Light commercial vehicles (LCVs)
- Heavy commercial vehicles (HCVs)
Market Breakup by piston coating:
- Thermal barrier
- Dry film lubricant
- Oil shedding
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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