Global Automotive Piston Market (2017-2024)- Research Nester
Automotive Piston Market demand size, Growth & Industry Analysis
Automotive Piston Market demand size, Growth & Industry Analysis
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<strong>Global</strong> <strong>Automotive</strong> <strong>Piston</strong> <strong>Market</strong> Outlook:<br />
Industry Insights & Opportunity Evaluation,<br />
<strong>2017</strong>-<strong>2024</strong><br />
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<strong>Global</strong> <strong>Automotive</strong> <strong>Piston</strong> <strong>Market</strong> Overview<br />
An automotive piston is a cylindrical piece of metal that moves up and<br />
down inside the cylinder of an engine. It generates mechanical energy<br />
that provides necessary force to drive the shaft and run the wheels of<br />
the vehicles. <strong>Piston</strong> system comprises of piston, piston rings, piston<br />
pins, hence this system transfers the generated power to the<br />
crankshaft through connecting rod.<br />
<strong>Market</strong> size and forecast<br />
<strong>Automotive</strong> piston market is expected to expand at a CAGR of 5.1%<br />
over the forecast period i.e. <strong>2017</strong>-<strong>2024</strong>. Moreover, the automotive<br />
piston market is anticipated to reach around USD 15,910<br />
Million by <strong>2024</strong>. As a piston is a main part of an internal<br />
combustion engine, the demand for pistons is directly coupled with<br />
the automobile production. Owing to the continuous developments,<br />
the automobile segment is observing increased demand for lightweight<br />
pistons, which is expected to drive the growth for the global<br />
automotive piston market.<br />
Asia-Pacific is estimated to be the largest automotive piston<br />
market due to the fact that it is the dominating region in automotive<br />
industry as piston is an integral part of automotive industry. China<br />
and India are the major contributors in Asia-Pacific region. China<br />
grabbed the largest revenue share in automotive piston market in the<br />
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egion, marked a market share of around 35% in the Asia-Pacific<br />
automotive piston market 2016. With the rise in manufacturing costs,<br />
existing piston manufactures in the US and Europe is shifting their<br />
operation to Asia-Pacific region due to low labor costs and easily<br />
accessibility of raw materials.<br />
Europe is the second largest market for the automotive piston in 2016.<br />
Europe is expected to perceive a moderate growth in the near future<br />
owing to high market saturation. France, UK and Germany are<br />
expected to lead the overall demand for this regional automotive<br />
piston market. North America is also a major market for automotive<br />
piston owing to the increase in sales for light commercial vehicles.<br />
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<strong>Market</strong> Segmentation<br />
Our in-depth analysis segmented the market in the following<br />
segments:<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
By Material<br />
Steel<br />
Aluminum<br />
By Type<br />
Trunk <strong>Piston</strong><br />
Crosshead <strong>Piston</strong><br />
Slipper <strong>Piston</strong><br />
Deflector <strong>Piston</strong><br />
By Coating<br />
Thermal barrier Coating <strong>Piston</strong><br />
Dry Film Lubricating Coating <strong>Piston</strong><br />
Oil Shedding Coating <strong>Piston</strong><br />
By Vehicle<br />
Two Wheeler<br />
Three Wheeler<br />
Four Wheeler<br />
By Region<br />
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<strong>Global</strong> automotive piston market is further classified on the basis of<br />
region as follows:<br />
North America (U.S. & Canada) <strong>Market</strong> size, Y-O-Y growth &<br />
Opportunity Analysis<br />
Latin America (Brazil, Mexico, Rest of Latin America) <strong>Market</strong> size, Y-<br />
O-Y growth & Opportunity Analysis<br />
<br />
<br />
<br />
Western and Eastern Europe (U.K., Germany, France, Italy, Spain,<br />
Hungary, Belgium, Netherlands & Luxembourg, Rest of Western<br />
Europe) <strong>Market</strong> size, Y-O-Y growth & Opportunity Analysis<br />
Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand,<br />
Rest of Asia) <strong>Market</strong> size, Y-O-Y growth & Opportunity Analysis<br />
Middle East and North Africa (MENA) <strong>Market</strong> Size and Y-O-Y Growth<br />
Analysis<br />
Growth Drivers and Challenges<br />
Increasing urbanization coupled with changing lifestyle of population<br />
are the factors for escalation in the demand for automobiles, especially<br />
two wheeler segments in emerging economies such as India which is<br />
anticipated to impel the demand for piston over the forecast period.<br />
Advancement in technology such as installation of cooling channels in<br />
piston is likely to be the dynamic factor behind the rapid growth of<br />
automotive piston market. In addition, rise in demand for light weight<br />
piston developed from composite carbon, silicon and magnesium is<br />
expected to unfold various opportunities in this market in the coming<br />
few years.<br />
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However, the growth of this market is likely to be hindered by<br />
increasing penetration of electric vehicles, which do not use pistons.<br />
Further, the automotive industries are downsizing their engine for<br />
better fuel economy, as fuel rates are increasing globally. Using<br />
technologies such as turbochargers, the automotive industry have<br />
been able to downsize their engines by reducing cylinders are believed<br />
to dampen the growth of global automotive piston market over the<br />
forecast period.<br />
Key Players<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
The key players of automotive piston market are as follows:<br />
Mahle Gmbh<br />
Aisin-Seiki Co. Ltd.<br />
KSPG AG<br />
Hitachi <strong>Automotive</strong> Systems<br />
Federal-Mogul<br />
Indian <strong>Piston</strong> Limited<br />
Arias <strong>Piston</strong><br />
Capricorn <strong>Automotive</strong><br />
Ross Racing <strong>Piston</strong><br />
Scope and Context<br />
Overview of the Parent <strong>Market</strong><br />
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Analyst View<br />
Segmentation<br />
<br />
<br />
<br />
<br />
<br />
The global automotive piston market is segmented as follows:<br />
By Material <strong>Market</strong> Size & Y-O-Y Growth Analysis<br />
By Type <strong>Market</strong> Size & Y-O-Y Growth Analysis<br />
By Coating <strong>Market</strong> Size & Y-O-Y Growth Analysis<br />
By Vehicle <strong>Market</strong> Size & Y-O-Y Growth Analysis<br />
By Region <strong>Market</strong> Size & Y-O-Y Growth Analysis<br />
<strong>Market</strong> Dynamics<br />
Supply & Demand Risk<br />
Competitive Landscape<br />
Porter’s Five Force Model<br />
Geographical Economic Activity<br />
Key Players (respective SWOT Analysis) and their Strategies and<br />
Product Portfolio<br />
Recent Trends and Developments<br />
Industry Growth Drivers and Challenges<br />
Key Information for Players to establish themselves in current<br />
dynamic environment<br />
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To know more about <strong>Global</strong> <strong>Automotive</strong> <strong>Piston</strong><br />
market research, please visit:<br />
http://www.researchnester.com/reports/automotive-piston-marketglobal-demand-analysis-opportunity-outlook-<strong>2024</strong>/302<br />
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