Industry Background:
Growing automotive sales across the world is driving the piston pin market growth. Piston pin is a connecting linkage between piston and connecting rod. It looks like a simple cylindrical shaft, can be solid or hollow and is held in the piston by circlips, while from the middle portion it is enclosed by the connecting rod smaller bore end. The piston pin is made up of special hardened steel and takes the shear load arising because of force transfer from piston to connecting rod and it also has a very fine tolerance in its diameter for accurate fit in piston bore.This growth is primarily driven by Growing Automotive Sales across the World and Necessity of Lightweight Piston to Improve the Performance of Engine.
Globally, a noticeable market trend is evident Preference towards Double Cylinder Engines Premium Segments Bikes. Major Vendors, such as MAHLE Gmbh (Germany), Federal-Mogul Motorparts LLC (United States), Aisin-Seiki Co., Ltd. (Japan), Hitachi Automotive Systems (Japan), India Piston Limited (India), Shriram Piston and Rings (India), Arias Piston (United States), Capricorn Automotive (United States), Ross Racing Piston (United States) and Rheinmetall Automotive AG (Germany) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Market Drivers
- Growing Automotive Sales across the World
- Necessity of Lightweight Piston to Improve the Performance of Engine
Market Trend
- Preference towards Double Cylinder Engines Premium Segments Bikes
Restraints
- Rising Penetration of Electric Vehicles
Opportunities
Rapid Urbanization and Industrialization and High Wear and Tear of Engine Components Creates Opportunities
Challenges
Minimal Manufacturing Tolerance might Maximize Manufacturing Overheads
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