• Phone: +1-631-791-1145
  • Email: sales@imarcgroup.com

Global Automotive Piston Market Projected to Reach US$ 5.7 Billion by 2024

According to the latest report by IMARC Group titled, “Automotive Piston Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the market reached a value of US$ 4.1 Billion in 2018. Looking forward, the global automotive piston market is expected to reach a value of US$ 5.7 Billion by 2024, exhibiting a CAGR of around 6% during 2019-2024.

An automotive piston system consists of a piston, piston rings, and piston pin. Amongst these, the piston is an essential part of external and internal combustion engines. It is a solid metal cylinder that moves up and down in the hollow cylinder of the engine block. It helps in shifting the force generated from the expanding gas to the crankshaft by using a connecting or piston rod. Other than this, an automotive piston is also useful as a bearer for the gudgeon pin and for forming a sliding gas- and oil-tight seal in a cylinder. Furthermore, it offers optimal levels of strength and thermal expansion control.

Owing to the growing population and increasing disposable incomes, people across the globe can now afford and spend more on the maintenance of their vehicles. This factor has led to an increase in the production of vehicles with a direct impact on the growth of the automotive piston market. In addition to this, the emerging trend of high-end bikes equipped with double cylinders is further escalating the demand for pistons. Besides, the rising demand for different types of commercial vehicles and constant technological advancements are providing an impetus to the global automotive piston market.

 

Market Segmentation:

Breakup by Material Type:

  • Aluminium
  • Steel

 

Breakup by Vehicle Type:

  • Passenger Type
  • LCV
  • HCV

Breakup by Vehicle Type:

  • Thermal Barrier Piston Coating
  • Dry Film Lubricant Piston Coating 
  • Oil Shedding Piston Coating 

Breakup by Piston Type:

  • Trunk Piston
  • Crosshead Piston
  • Slipper Piston
  • Deflector Piston

Breakup by Distribution Channel:

  • OEM
  • Aftermarket

Regional Insights:

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America

Competitive Landscape

The report has also examined the competitive landscape of global automotive piston market. Some of the major players in the market are MAHLE GmbH, Aisin-Seiki Co. Ltd., KSPG AG, Hitachi Automotive Systems, Federal-Mogul, India Pistons Limited, Arias Piston, Capricorn Automotive, Ross Racing Piston, and Shriram Pistons and Rings.

Key highlights of the report:

  • Market Performance
  • Market Outlook
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Competitive Structure
  • Profiles of Key Players