What is Automotive Piston Market?
An automotive piston is defined as the cylinder which is part of an engine and it slides up and down inside the tubes. In addition, it causes numerous parts of the engine to move. Increasing private equity investments in automotive piston system manufacturing companies worldwide, upsurge in the demand for the automobiles, among others are among the major benefits that have, in turn, led to the growth of the market over the forecast period. The market for the automotive piston is anticipated to register a CAGR of over 6.8% during the forecast period.
Highlights from Automotive Piston Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Mahle Gmbh (Germany), Aisin-Seiki Co. Ltd. (Japan), KSPG AG (Germany), Hitachi Automotive Systems (United States), Federal-Mogul (United States), Indian Piston Limited (United States), Shriram Piston and Rings (India), Arias Piston (United Kingdom), Capricorn Automotive (United Kingdom) and Ross Racing Piston (United States) |
The market is fragmented with numerous players focusing on technique and quality of the product owing to which the global automotive piston system market can witness an upsurge in the forecast period. Research Analyst at AMA predicts that Japan Vendors will contribute to the maximum growth of Global Automotive Piston market throughout the forecasted period.
Mahle Gmbh (Germany), Aisin-Seiki Co. Ltd. (Japan), KSPG AG (Germany), Hitachi Automotive Systems (United States), Federal-Mogul (United States), Indian Piston Limited (United States), Shriram Piston and Rings (India), Arias Piston (United Kingdom), Capricorn Automotive (United Kingdom) and Ross Racing Piston (United States) are some of the key players profiled in the study. Automotive Piston Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Passenger Cars, Commercial Vehicles and Others |
Coating | Dry Film Lubricants,Thermal Barriers,Oil Shedding |
Material | Steel,Aluminum |
Component | Piston,Piston Ring,Piston Pin |
On the basis of geography, the market of Automotive Piston has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Trend of Downsizing in Automobile Engines
Market Growth Drivers:
Growing Population and Rising Disposable Incomes Worldwide and Increasing Usage of Dry Film Lubricants, Thermal Barriers, and Oil Shedding
Challenges:
Manufacturing High-Quality, Cost-Effective Pistons
Restraints:
Growing Trend of Engine Downsizing and Shifting Focus towards Electric Vehicles
Opportunities:
Large Demand for Automotive Piston Systems in BRICs Nations and Use of Alternative Materials to Manufacture Pistons
Key Target Audience
Manufacturers of Automotive Piston, Suppliers of Automotive Piston, Wholesalers, Distributors, and Retailers of Automotive Piston, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others
Market Leaders & Development Strategies
In February 2021, MAHLE acquired air conditioning businesses in Japan, Thailand, and the United States from the former Keihin Corporation (now Hitachi Astemo, Ltd.). Approved by antitrust authorities. Currently, 4 production sites and 1 development center are being integrated into the MAHLE group. With this acquisition, MAHLE is strengthening its position in the air conditioning system sector. This is one of the Group's strategic future areas.
In January 2018, the Mahle GmbH (Germany) company launched a new brand of performance piston rings. Hence, this product launch enabled the company to strengthen its piston portfolio in Germany, In May 2018, Federal-Mogul Powertrain India Ltd. Company launched new piston ring technology for commercial vehicles. It will benefit an increased product portfolio of the company in the future. and In September 2017, the BAIC Motor Co., Ltd (China) Company opened an automotive assembly plant in South Africa, which is expected to build 50,000 vehicles a year by 2022. Therefore, this launch will help in strengthening the position of the company in South Africa