USD 10781.91 million
Report ID: SQMIG25A2060 | Region: Global | Published Date: June, 2023 | Pages: 211 | Tables: 90 | Figures: 76
Automotive Piston Market size was valued at USD 10781.91 million in 2021 and is poised to grow from USD 11380.92 million in 2022 to USD 17411.04 million by 2030, growing at a CAGR of 5.4% in the forecast period (2023-2030).
The automotive piston is a cylindrical engine component that slides back and forth in the cylinder bore due to the force produced by the expansion of gas during the combustion process. A piston system comprises a piston, piston rings, and a piston pin. This system transfers the generated force to the crank shaft through the connecting rod. The engine generates mechanical energy that is used to power the crankshaft movements and subsequently drive the wheels of the vehicle. Gasoline engine pistons usually have less piston rings than diesel engine pistons due to the high compression ratio of the latter. Most of the piston is made up of aluminum and steel alloy to withstand high temperature.
The increasing production of internal combustion engine vehicles (ICEVs) is boosting demand for automotive pistons that can achieve fuel efficiency, reduce emissions, and be flexible and reliable. The increasing sales of ICE vehicles in APAC and the MEA is encouraging manufacturers to produce better environmentally-friendly vehicle components, such as pistons and lubricants. The demand for automotive pistons is on the increase, as the automotive vehicle manufacturing and production activities are increasing around the world. Steel pistons reduce fuel consumption and CO2 exhaust and emissions. They are less than other types of tires, and their compression height is lower. Aluminum is the most popular material used to make automotive pistons because of its many desirable qualities, such as lightweight, thermal conductivity, corrosion resistance, and casting characteristics.
US Automotive Piston Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 10781.91 million
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The automotive piston is segmented on the basis of by component type, by piston coating type, by vehicle type, by material type. Whereas, by component type is sub segmented into the piston, piston rings, and piston pins. By piston coating type is sub segmented into the dry film lubricating coating type, oil shedding coating piston, thermal barrier coating piston, by vehicle type is sub segmented into the commercial vehicle, heavy commercial vehicle, light commercial vehicle, passenger vehicle, Two-wheeler. By material, it is segmented into aluminum and steel. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Component
Based on the component type, The piston segment has a high penetration in the market because there are a lot of vehicles out there. The piston is considered the most significant component in the combustion engine of a vehicle. The increasing trend of lightweight and fuel-efficient vehicles is compelling the automotive manufacturing companies to invest heavily in research to find new technologies to reduce the weight of the vehicle and increase performance at the same time. Aluminum alloys are becoming increasingly popular in the piston market because they are lightweight and able to withstand high temperatures. The increase in demand for pistons is related to the increasing production of automobiles. The automotive industry is continuing to develop new lightweight and highly durable piston engines, which is creating increased demand for this type of engine all over the world.
Analysis by Coating
The thermal barrier is generally used for coating piston and other components of the engine. The ceramic coatings on the walls help to reduce the transfer of heat by reflecting it instead of absorbing it. The energy produced by an engine is lost through friction, exhaust, and cooling the engine components. To make total use of energy, the loss of energy should be reduced.
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The Asia-Pacific holds the largest share in the market owing to increased production and sales of vehicles in this region. As countries in Asia-Pacific adopt advanced technologies to develop fuel-efficient and lightweight vehicles, the market for these vehicles is growing. The growth of the market for fuel efficiency in this region is being fueled by increases in disposable income among people, as well as increased awareness among buyers and manufacturers.
North America is also expected to show exponential growth into the maximum number of commercial vehicles in this region. Fuel efficiency and lightweight vehicles are helping to drive the market growth. The piston market is expected to show steady growth in Europe due to slower sales and production in this region. The stringent emission regulations in this region are affecting conventional fuel engine sales.
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Rising Demand for High Performance Vehicles in Developing Countries to Drive Market Growth
Increase Adoption of Electric Vehicle will Hinder Market Growth
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Some of the major players in the automotive piston system market are MAHLE GmbH. MAHLE chose to adopt new product development strategies in order to maintain its leading position in the automotive piston market.
Top players company profiles
In 2021, Rheinmetall Technology Group’s subsidiary KS Kolbenschmidt GmbH of Neckarsulm, Germany; auto parts maker ZYNP Corporation of Mengzhou, China; and the Riken Corporation of Tokyo partnered and started a new Tech Center in Nanjing, China. The center is going to offer modern steel pistons related customer service and subsequently increase its market in Nanjing.
In 2020, MAHLE GmbH developed aluminum pistons with the cooperation of sports car manufacturer Porsche and mechanical engineering company Trump. It produced high-performance aluminum pistons using 3D printing techniques for the first time. The company is developing its expertise in 3D printing, so that, in the future, it will also be able to support its customers in the field of alternative drives, such as electric drives, by supplying suitable components for drives, thermal management.
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According to our Global Automotive Piston Market analysis, The expansion of the automotive piston market is attributed to rising ICE vehicle production and rising use of lightweight pistons for better engine performance. Due to the rising demand for electric vehicles, rising technological breakthroughs, such as hydrogen-fueled piston engines, are boosting automotive piston sales.
|Market size value in 2021||USD 10781.91 million|
|Market size value in 2030||USD 11380.92 million|
|Forecast Unit (Value)||USD Million|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Automotive Piston Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Automotive Piston Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Automotive Piston Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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