“Automotive
Piston Market: Global Demand Analysis & Opportunity Outlook 2024”
The global automotive piston market
is segmented into type such as steel piston and aluminum piston. Among these
segments, aluminum automotive piston segment is expected to occupy top position
in overall automotive piston market during the forecast period. Rising demand
for lightweight piston is expected to propel the growth of automotive industry
during the forecast period. Further, rising demand for two wheeler vehicles in
developing nations such as India and China are anticipated to drive the growth
of aluminum piston market.
Global automotive piston market
is expected to flourish at a significant CAGR of 5.1% during the forecast period.
Moreover, the global automotive piston market is expected to garner USD 15,910
Million by the end of 2024. Rising production and demand for automobiles across
the globe is driving the growth of automotive piston market. Moreover, changing
travel patterns coupled with increasing disposable income, low penetration of
public transportation in most developing cities are increasing the demand for
automotive piston which further is expected to bolster the growth of automotive
piston market during the forecast period.
Asia Pacific showcased the
highest demand for automotive piston in 2016. Further, riding on the back of
factors like rapid growth in automobile sector and rising use of double
cylinder engine in the motorcycle, Asia-Pacific is projected to continue its
dominance during the forecast period. In Asia-Pacific region, China, Japan,
South Korea and India are the major countries which are creating a huge demand
for the automotive piston. After Asia-Pacific, Europe is the biggest market and
expected to showcase a tremendous growth over the forecast period i.e.
2017-2024. Increasing demand and sale of automobiles in the Europe is the major
factor which is fuelling the demand for automotive piston market.
Rise
in the Sale of Automotive Vehicle in the World
Increasing sale and production
of vehicles globally is driving the growth of automotive piston market. Apart
from this, expansion in the untapped market of developing regions is
anticipated to bolster the growth of the automotive piston market. Further,
rising disposable income of the population is expected to garner the growth of
the automotive piston market.
Technological
Advancements and Innovations
Advances in technologies such
as double cylinder engines in two wheelers are anticipated to drive the growth
of the automotive piston market. Moreover, increasing demand for lightweight
piston is expected to foster the growth of the global automotive piston market
in the upcoming years. Although, increasing penetration of electric vehicle and
alternative technologies such as turbocharging which reduces the number of
cylinders in the vehicle are some of the key factor which is likely to dampen
the growth of Automotive
Piston Market during the forecast period.
The
report titled “Automotive
Piston Market: Global Demand Analysis & Opportunity Outlook 2024” delivers detailed overview of
the global automotive Piston market in terms of market segmentation by material,
by type, by coating, by vehicle and by region. Further, for the
in-depth analysis, the report encompasses the industry growth drivers,
restraints, supply and demand risk, market attractiveness, BPS analysis and
Porter’s five force model.
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This report also provides the
existing competitive scenario of some of the key players of the global automotive
Piston market which includes company profiling of Mahle Gmbh, Aisin-Seiki Co. Ltd., KSPG AG, Hitachi
Automotive Systems, Inc., Federal-Mogul LLC, Indian Piston Limited, Arias
Piston, Capricorn Automotive and Ross Racing Piston. The profiling enfolds key information of the companies which
encompasses business overview, products and services, key financials and recent
news and developments. On the whole, the report depicts detailed overview of
the global automotive Piston market that will help industry consultants,
equipment manufacturers, existing players searching for expansion
opportunities, new players searching possibilities and other stakeholders to
align their market centric strategies according to the ongoing and expected
trends in the future.
Research Nester is a leading service provider for
strategic market research and consulting. We aim to provide unbiased,
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strategy, expansion and investment etc. We believe every business can expand to
its new horizon, provided a right guidance at a right time is available through
strategic minds. Our out of box thinking helps our clients to take wise
decision so as to avoid future uncertainties.
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U.S.
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