An
automotive piston is a cylindrical piece of metal that moves up and down inside
the cylinder of an engine. It generates mechanical energy that provides
necessary force to drive the shaft and run the wheels of the vehicles. Piston
system comprises of piston, piston rings, piston pins, hence this system
transfers the generated power to the crankshaft through connecting rod.
Market size and forecast
Automotive
piston market is expected to expand at a CAGR of 5.1% over the forecast period
i.e. 2017-2024. Moreover, the automotive piston market is anticipated to reach
around USD 15,910 Million by 2024. As a piston is a main part of an internal
combustion engine, the demand for pistons is directly coupled with the
automobile production. Owing to the continuous developments, the automobile
segment is observing increased demand for lightweight pistons, which is
expected to drive the growth for the global
automotive piston market.
Asia-Pacific
is estimated to be the largest automotive piston market due to the fact that it
is the dominating region in automotive industry as piston is an integral part
of automotive industry. China and India are the major contributors in
Asia-Pacific region. China grabbed the largest revenue share in
automotive piston market in the region, marked a market share of around 35% in
the Asia-Pacific automotive piston market 2016. With the rise in manufacturing
costs, existing piston manufactures in the US and Europe is shifting their
operation to Asia-Pacific region due to low labor costs and easily
accessibility of raw materials.
Europe is
the second largest market for the automotive piston in 2016. Europe is expected
to perceive a moderate growth in the near future owing to high market
saturation. France, UK and Germany are expected to lead the overall demand for
this regional automotive piston market. North America is also a major market
for automotive piston owing to the increase in sales for light commercial
vehicles.
Market Segmentation
Our
in-depth analysis segmented the market in the following segments:
By
Material
·
Steel
·
Aluminum
By Type
·
Trunk
Piston
·
Crosshead
Piston
·
Slipper
Piston
·
Deflector
Piston
By Coating
·
Thermal
barrier Coating Piston
·
Dry
Film Lubricating Coating Piston
·
Oil
Shedding Coating Piston
By Vehicle
·
Two
Wheeler
·
Three
Wheeler
·
Four
Wheeler
Growth Drivers and Challenges
Increasing
urbanization coupled with changing lifestyle of population are the factors for
escalation in the demand for automobiles, especially two wheeler segments in
emerging economies such as India which is anticipated to impel the demand for
piston over the forecast period. Advancement in technology such as installation
of cooling channels in piston is likely to be the dynamic factor behind the
rapid growth of automotive piston market. In addition, rise in demand for light
weight piston developed from composite carbon, silicon and magnesium is
expected to unfold various opportunities in this market in the coming few
years.
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However,
the growth of this market is likely to be hindered by increasing penetration of
electric vehicles, which do not use pistons. Further, the automotive industries
are downsizing their engine for better fuel economy, as fuel rates are
increasing globally. Using technologies such as turbochargers, the automotive
industry have been able to downsize their engines by reducing cylinders are
believed to dampen the growth of global automotive piston market over the
forecast period.
Key Players
The key
players of automotive piston market are as follows:
·
Mahle
Gmbh
·
Aisin-Seiki
Co. Ltd.
·
KSPG
AG
·
Hitachi
Automotive Systems
·
Federal-Mogul
·
Indian
Piston Limited
·
Arias
Piston
·
Capricorn
Automotive
·
Ross
Racing Piston
To know more about this research,
kindly visit: http://www.researchnester.com/reports/automotive-piston-market-global-demand-analysis-opportunity-outlook-2024/302
For Table of Content &
Free Sample Report Contact:
Ajay
Daniel
Email:
ajay.daniel@researchnester.com
U.S. +1 646 586 9123
U.K. +44 203 608 5919
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