USD 11.38 billion
Automotive Piston Market Size, Share, Growth Analysis, By Component(Piston Head, Piston Ring, Piston Pin), By Vehicle Type(Passenger Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle), By Material(Steel, Aluminium), By Coating(Thermal Barrier Piston Coating, Dry Film Lubricant Piston Coating, Oil Shedding Piston Coating), By Fuel Type(Gasoline, Diesel, Alternate Fuel), By Shape(Flat-Top Piston, Bowl Piston, Dome Piston), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG25A2060 |
Region:
Global |
Published Date: October, 2024
Pages:
223
|Tables:
90
|Figures:
80
Automotive Piston Market Insights
Automotive Piston Market size was valued at USD 2.08 Billion in 2023 and is poised to grow from USD 2.16 Billion in 2024 to USD 2.91 Billion by 2032, growing at a CAGR of 3.80% during the forecast period (2025-2032).
The automotive industry is seeing a rise in sales, both at the retail and manufacturing level, which is increasing the demand for and production of pistons. The use of lightweight pistons improves engine effectiveness, which is important as more vehicles are required to be manufactured. Another reason for the anticipated growth in the pistons market is due the growing usage of heavy and light commercial and passenger vehicles. The rising focus on enhancing the fuel economy of engines is also contributing towards the expansion of the market.
Furthermore, the increasing adoption of lightweight materials like aluminum alloys and composites for enhancing fuel efficiency and minimizing emissions is also fueling the growth of the market. Many manufacturers are also emphasizing advanced coating technologies that can improve the wear resistance and thermal performance of the pistons. Moreover, the growing popularity of electric vehicles and hybrid vehicles is also contributing to the development of specialized pistons for alternative powertrains. Several automotive companies have started integrating eco-friendly manufacturing processes and materials to focus on sustainability. This is because governments globally are imposing strict environmental regulations due to which the market for high-performance pistons that improve engine output and minimize carbon footprints is increasing. Rapid growth of industrialization is also creating lucrative opportunities for the automotive piston market.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Fastest Growth
Growth Rate
5.4% CAGR
Global Automotive Piston Market ($ Bn)
Country Share for North America Region (%)
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Automotive Piston Market Segmental Analysis
Global Automotive Piston Market is segmented by Component, Vehicle Type, Material, Coating, Fuel Type, Shape, and region. Based on Component, the market is segmented into Piston Head, Piston Ring, and Piston Pin. Based on Vehicle Type, the market is segmented into Passenger Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle. Based on Material, the market is segmented into Steel, Aluminium. Based on Coating, the market is segmented into Thermal Barrier Piston Coating, Dry Film Lubricant Piston Coating, and Oil Shedding Piston Coating. Based on Fuel Type, the market is segmented into Gasoline, Diesel, and Alternate Fuel. Based on Shape, the market is segmented into Flat-Top Piston, Bowl Piston, and Dome Piston. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Component
Based on component, the piston head segment is dominating the market with the largest automotive piston market share. Piston head accounts for the largest share of the market owing to its importance in the functioning of the engine. It is a component that meets combustion gases. This is the main reason due to which the piston head performs the task of maintaining the compression and hence efficient functioning. The geometry and the material properties of this element are decisive of the thermal management and life of the engine. Hence, it has become the primary area of focus for engine manufacturers looking to improve engine efficiency. Furthermore, the growing trend for greater performance and lower fuel consumption vehicles is pushing interest towards more sophisticated piston head technologies.
The piston rings segment is expected to grow at a significant CAGR during the forecast period. Piston rings play crucial roles in improving engine efficiency and lowering emissions. Some improvement in their performance has been achieved using materials such as low friction alloys. These changes are being embraced by the automotive industry owing to the growing emission limits. Prominent companies like Mahle and Federal are developing new technology to increase the performance and lifespan of piston rings. The modernization of the piston rings manufacturing materials and the engine internal combustion engines due to the increased recognition of the need to decrease the carbon impact are couple major factors which are expected to provide considerable scope for the growth of automotive piston rings manufacturing market during the projected period.
Analysis by Vehicle Type
Based on vehicle type, the passenger vehicle segment is dominating the automotive piston market. This market is dominated by passenger vehicles, as they have the highest units produced and are constantly in demand from users for commuting. Due to the growth in population and urbanization throughout the world, there has been an ever-increasing demand for personal mobility which in turn makes it necessary for automotive makers to focus on the manufacture of passenger cars. Such vehicles require a large quantity of pistons to drive their internal combustion engines and so account for a large percentage of the market. Furthermore, improvements in the fuel economy and reliability of passenger cars place an additional pull on the market for more advanced piston components. With consumers becoming more focused on the efficacy and dependability of engines, the passenger vehicle segment is helping the market push for growth.
As per automotive piston market analysis, commercial vehicle segment is experiencing tremendous growth and popularity in recent years. Commercial vehicles employ automotive pistons in higher quantities than passenger cars. The commercial vehicle segment also holds the highest share of the market in terms of volume. Additionally, the application of commercial vehicles in mining, construction, logistics, and transportation is also driving the overall growth of the market during the forecast period. Moreover, various initiatives are driven by governments to enhance the selling of commercial automotive vehicles which is also contributing towards the growth of the market. Therefore, the rising demand for commercial automotives is increasing the expansion of the market.
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Automotive Piston Market Regional Insights
Asia Pacific is dominating with the largest automotive piston market share, and it expected to witness significant demand growth rate during the forecast period. Asia Pacific has the largest market share owing to its rising automotive manufacturing industry and growth in the demand for vehicles. For instance, China and India are top producers of vehicles with many prominent vehicle companies in the country. Furthermore, factors like growing population, increased disposable income, and emergence of a middle class are also contributing to the growth of the market in this region. The region also enjoys developed supply chains, as well as a considerable number of important automotive producers that allows for lower cost production of pistons. In addition, public policies supporting local manufacturing and environmental protection also drive the use of advanced piston technologies in this area.
Over the course of the projected period, it is anticipated that North America would expand with the highest growth rate. The automotive piston market in this region is expanding rapidly due to the increase in the population of commercial vehicles in this region and the existence of influential automotive manufacturers. North American automotive piston market has maintained a steady growth rate which has been aided by the strong automotive manufacturing activities and technology improvement. A growth in performance pistons for internal combustion engines has been stimulated as major manufacturers such as General Motors and Ford are switching to electric and hybrid vehicles. Further, expenditures by companies like Mahle in R&D have also enhanced the growth of the market.
Global Automotive Piston Market By Geography
- Largest
- Fastest
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Automotive Piston Market Dynamics
Automotive Piston Market Drivers
Growing Demand for High Performance Vehicles
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More cylinders are found in high performance vehicles than in most other vehicles. This trend will also be complemented by an increasing demand for automotive pistons in developing countries like India and China. Also, due to enhancement of urban features, shifts in the social structure, and improvement in people’s standard of living and purchase ability growth of vehicle sales are on the rise across the world. There seems to be a growing demand for high end vehicles which need more pistons due to increasing emphasis on comfort, safety and convenience. Furthermore, a young demographic is also interested in speed, high end products, and comfort.
High Automotive Production
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Growth of the automotive market is buoyed by the increase in disposable income. The increasing trend of lower emission and fuel-efficient vehicles ultimately fosters the growth of automotive piston market outlook. In addition, the leading companies in the business of automotive manufacturing have also been putting in enormous resources in research aimed to enhance and develop sophisticated technology in cars to provide the most advanced technological vehicles to their customers and secure the good market standing.
Automotive Piston Market Restraints
Rising Demand for Electric Vehicles
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The conventional fuel vehicles are being replaced by electric vehicles globally in the automotive industry. The major car manufacturing companies are increasingly moving towards renewable energy sources. This has forced the manufacturers to invest huge amounts of resources on research to come up with technologically advanced vehicles, in this case, switching to an electric source of energy. The emerging electric vehicle market will stifle the market development as electric vehicles do not have a piston engine.
High Demand for Lightweight Vehicles
-
To improve efficiency and overall emission reductions, it is imperative to decrease the mass of car componentry that incorporates pistons. To reduce the weight of the vehicle, the industry is witnessing a rise in lightweight pistons made from aluminium alloys that are stronger. But achieving the lightweighting objective and preserving the quality and performance features are a serious engineering issue.
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Automotive Piston Market Competitive Landscape
Aisin Corporation, Art-Serina Piston Co. Ltd, Dongsuh Federal-Mogul Company Limited, Hitachi Limited and MAHLE GmbH are the prominent players in the automotive piston market because of their combined global reach, product innovation and vast experience. These market leaders together define the competition in the piston sector, fostering change, shaping the compliance requirements and satisfying the ever-changing needs of their customers across the globe. With their emphasis on research and development, technology improvement and strategic developments, these firms can increase their market share and strengthen their position in important areas. They maintain their relentless drive to succeed while at the same time being a customer focused company that makes them the preferred suppliers of piston.
Top players company profiles
- Mahle GMBH (Germany)
- Rheinmetall Automotive AG (Germany)
- Aisin Seiki Co., Ltd. (Japan)
- Art Metal Mfg. Co., Ltd. (Japan)
- Riken Corporation (Japan)
- Art-Serina Piston Co., Ltd. (Japan)
- Shriram Pistons & Rings Ltd. (India)
- PMG Holding GMBH (Germany)
- KSPG AG (Germany)
- Ross Racing Pistons (US)
- CP-Carrillo Inc. (US)
- Kobe Steel Ltd. (Japan)
- IP Rings Ltd. (India)
- Ming Shun Industrial Co. Ltd. (Taiwan)
- Cosworth Ltd. (UK)
- Wossner GmbH (Germany)
- Zollner Pistons (Germany)
- Kolben Schmidt GmbH (Germany)
- Dong Yang Piston Co., Ltd. (South Korea)
- Hastings Manufacturing Company (US)
- Guangzhou Dayang Piston Co., Ltd. (China)
Recent Developments
- In May 2023, a merger between Nippon Piston Ring and Riken Corporation was announced, leading to the establishment of a new organization by the name NPR Riken Corporation.
- In May 2023, Shriram Pistons and Rings Ltd. revealed that it plans to invest USD 26.5million in Takahata Precision India, which is a subsidiary of the Japan based company Takahata Group.
- In January 2023, Rheinmetall confirmed the relocation of its large bore pistons manufacturing to a new location in Gothenburg, Sweden which is under Koncentra Verkstads AB (KVAB).
Automotive Piston Key Market Trends
- Growing Innovation in Pistons: Innovations related to the design of pistons, namely the development Light Weight materials and special coatings, are very important in terms of maximizing the performance of engines and enhancing their efficiency. In addition, the introduction of novel technologies aids automobile manufacturers in meeting more stringent legislation requirements. There is an increasing shift in consumer preference towards vehicles which provide a balance between efficient performance and reduced environmental sustainability as the consumers become more environment friendly. This in turn drives the demand for improved piston solutions in the automotive market.
- Increasing Investment and Rising Number of Startups: Automotive companies and startups in particular focus on developing next-generation piston designs through collaborative partnerships, application transfers, and cross-industry collaborations, which yield higher power gains while being more environmentally friendly across the whole industry’s parameters of output and overall efficiency. Looking at the wider industry, car makers as well as start-ups now invest many resources in R&D with most of the focus being on the design of the vehicle and its propulsion application owing to increasing concern for sustainability, performance, and efficiency.
Automotive Piston Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the automotive piston industry is likely to grow exponentially in the coming years due to technological advancement of sensors along with switches in the direction of miniaturization and increased reliability. The utilization of such sensors is increasing in low power metering devices like electric and heat meters where the capability to withstand harsh surrounds and minimal power consumption is advantageous. Increase on industrial automation and the Industrial 4.0 also fuels the need for automotive pistons since they are essential equipment for hydraulic and pneumatic systems which provide high speed operations and good isolation without drawing power. However, expansion of the market has been slow, due to inherent factors such as breakage, shock, and vibration susceptibility of reed switches, limited durability, and mechanical wear.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 2 billion |
| Market size value in 2031 | USD 2.8 billion |
| Growth Rate | 3.80% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| 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) |
| Companies covered |
Recent Developments
|
| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Automotive Piston Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Automotive Piston Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the 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 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.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Automotive Piston Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Automotive Piston Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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