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 2024-2031
Report ID:
SQMIG25A2060 |
Region:
Global |
Published Date: October, 2024
Pages:
223
|Tables:
90
|Figures:
80
Automotive Piston Market Insights
Global Automotive Piston Market size was valued at USD 2 billion in 2022 and is poised to grow from USD 2.08 billion in 2023 to USD 2.8 billion by 2031, growing at a CAGR of 3.80% during the forecast period (2024-2031).
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.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
regular
Fastest Growth
regular
Growth Rate
5.4% CAGR
Global Automotive Piston Market 2021-2030 ($ Bn)
Country Share for Asia Pacific Region- 2021 (%)
To get more reports on the above market click here to Buy The Report
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 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.
Global Automotive Piston Market By caffeine 2021 (%)
To get detailed analysis on other segments, Request For Free Sample Report
Automotive Piston Market Regional Insights
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.
Global Automotive Piston Market By Geography, 2021-2030
- Largest
- Fastest
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Automotive Piston Market Dynamics
Drivers
Rising Demand for High Performance Vehicles in Developing Countries to Drive Market Growth
- 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.
Restraints
Increase Adoption of Electric Vehicle will Hinder Market Growth
- In the automotive industry, there is a shift from conventional fuel vehicles to electric vehicles. Increasing emissions are contributing to air pollution and the global warming crisis. The automotive manufacturing companies are becoming more environmentally-friendly. Manufacturers are spending a lot of money on research to develop vehicles with advanced technologies and are increasingly using electric modes of energy in vehicles. The increasing tendency of people towards zero-emission vehicles may negatively affect market prospects. Electric vehicles are expected to have a negative impact on the overall market, since they don't rely on traditional engine technology.
Request Free Customization of this report to help us to meet your business objectives.
Automotive Piston Market Competitive Landscape
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
- 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
- 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.
Automotive Piston Key Market Trends
- 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.
Automotive Piston Market SkyQuest Analysis
Sky Quest’s ABIRAW (Advanced Business Intelligence, Research and Analysis Wing) is our Business Information Services team that collects, collates, Co-relates and analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
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.
| 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 |
|
| 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:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
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.
USA (+1) 351-333-4748
