What is Pistons?
The automotive piston is engine equipment that consists of cylindrical in shape and cylinder bore due to force produced by the expansion of gas. Piston market is expected to mark significant growth over forecasted period owing to increasing performance that withstand in high temperatures, providing high visual effect and high speed gaming applications and technological advancement. This result in rising popularity of on automobiles industries, increasing demand technological based turbocharger and super charger, escalating need for high-speed motor bikes, and growing popularity of industrialization may trigger demand and help in industry expansion.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
CAGR | 5.2% |
Global Piston is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching Products. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analysts at AMA Research estimates that Vendors from United States and German will contribute to the maximum growth of Global Pistons market throughout the predicted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Mahle Gmbh (Germany), Aisin-Seiki Co. Ltd. (Japan), KSPG AG (Germany), Hitachi Automotive Systems (Japan), Federal-Mogul (United States), Indian Piston Limited (Inida), Shriram Piston and Rings (India), Arias Piston (United States) and Capricorn Automotive (Germany) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Ross Racing Piston (United States), WeiChai Group (India) and Trick Titanium (United States).
Segmentation Overview
AMA Research has segmented the market of Global Pistons market by Type (Steel and Aluminium), Application (Two-Wheeler, Passenger Vehicle and Commercial Vehicle) and Region.
On the basis of geography, the market of Pistons 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). North America region held largest market share in the year 2021. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Piston Type, the sub-segment i.e. Trunk, will boost the Pistons market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Piston Coatings, the sub-segment i.e. Thermal Barrier Coating, will boost the Pistons market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increase Number of Vehicles Boost the Piston Market.
- Rapid Demand of Continuous Development of Engine that Fuelled up The Market.
Opportunities
- Proliferation of Premium Segments Bikes Leads to Grow the Piston Market.
- Upsurge Demand of Light and Heavy Commercial Vehicles in Developing Countries.
Restraints
- Growth of the Electronic Vehicles Hampers the Piston Market.
- Harmful Carbon Emission Associated with in Piston Market.
Challenges
- Government Regulations on use of Piston are anticipated to Challenge the Market.
Key Target Audience
Piston Manufacturers, Piston Traders, End-Use Market Participants of Different Segments of Piston, Government and Research Organizations, R&D Institutions and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.