The recent report by IMARC Group, titled “ Automotive Piston Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028 ”, offers a comprehensive analysis of the industry, which comprises insights on the automotive piston market share . The report also includes competitor and regional analysis, and contemporary advances in the market. The global automotive piston market size reached US$ 4.2 Billion in 2022 . Looking forward, IMARC Group expects the market to reach US$ 5.0 Billion by 2028 , exhibiting a growth rate (CAGR) of 2.8% during 2023-2028.
Automotive Piston Market Overview:
A piston is a vital component that generates mechanical energy and provides the necessary force to a vehicle. It is made of aluminum and steel alloys to endure high temperatures and prevent gas leakage. It can also withstand combustion pressure and reciprocate loads to control expansion for noiseless long-life operation. In addition, it helps in transferring the force from cylinder to the crankshaft through a connecting rod. Owing to these properties, automotive piston finds extensive applications across the automotive industry.
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Global Automotive Piston Market Trends:
The market is primarily driven by the surging sales of personal vehicles due to the growing population and rising disposable incomes of individuals. This has increased the production of automobiles, thus accelerating the product adoption rate across the globe. In addition, the emerging trend of high-end bikes having double cylinders that require two pistons each is contributing to the market growth.
Besides this, various manufacturers are launching innovative and lightweight products developed from carbon, silicon, and magnesium. This, coupled with the escalating demand for heavy and light commercial vehicles, is creating a positive market outlook across the globe.
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Key Market Segmentation:
Top Automotive Piston Manufacturing Brands Worldwide:
- 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
Breakup by Material:
- Aluminum
- Steel
Breakup by Vehicle:
- passenger cars
- light commercial vehicles (LCVs)
- heavy commercial vehicles (HCVs)
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
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