Automotive Piston Market Size, Share, Growth Analysis, By Component(Dry film lubricating coating type, oil shedding coating piston), By Coating(commercial vehicle, heavy commercial vehicle), By Vehicle(aluminum and steel) - Industry Forecast 2024-2031

Automotive Piston Market size was valued at USD 11.38 billion in 2022 and is poised to grow from USD 11.99 billion in 2023 to USD 18.27 billion by 2031, at a CAGR of 5.4% during the forecast period (2024-2031). 

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. 'Aisin Seiki Co., Ltd.', 'Art Metal Mfg. Co., Ltd.', 'Capricorn Automotive', 'Federal-Mogul LLC', 'General Motors Company', 'Hitachi Automotive Systems, Ltd.', 'Indian Piston Ltd.', 'KSPG AG', 'MAHLE GmbH', 'Menon Pistons Ltd.', 'Mitsubishi Heavy Industries, Ltd.', 'Rheinmetall Automotive AG', 'Ross Racing Pistons', 'Shriram Pistons and Rings Ltd.', 'Tenneco Inc.', 'TPR Co., Ltd.', 'United Engine & Machine Co. Inc.', 'Wiseco Piston Inc.', 'World Pistons Co., Ltd.', 'ZYNP Corporation', 'Renesas Electronics paid $6.7 billion to purchase Integrated Device Technology (IDT) in January 2023. Renesas now holds a dominant position in the automotive semiconductor market thanks to this acquisition. ', 'For $32 billion, Aptiv PLC purchased Delphi Technologies in February 2023. Aptiv now holds a dominant position in the automotive electronics industry because to this acquisition. ', '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. '

High performance vehicles consist of more pistons than average performance vehicles. The increasing demand for high-performance vehicles in developing countries such as India and China is likely to increase the demand for automotive piston engines. Also, The growth of vehicle sales is due to the increase in urbanization, changing demographics, and improved standards of living, as well as people's increased spending capacity. The increasing demand for high-performance vehicles, safety and convenience is propelling the demand for high-performance vehicles coupled with more numbers of piston engines. Younger people are also more ready towards high speed, luxury and comfort.

The biggest challenge facing the automotive industry is finding ways to improve engine performance. These goals can be achieved by reducing the overall size and weight of all components in the engine. The piston is one of the most important and essential parts of the engine, which revs up and moves the engine in order to provide motion. Aluminum alloys are becoming increasingly popular because of their beneficial characteristics, such as lightweightness, maximum corrosion resistance, greater strength, high durability, and enhanced operating capacity at high temperatures.

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.