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Global Automotive Piston Market to Reach US$ 5.5 Billion by 2032, Impelled by Surging Sales of Automobiles

February 28, 2023 | Automotive Industry

The latest report by IMARC Group, titled "Automotive Piston Market Report by Material Type (Aluminum, Steel), Vehicle Type (Passenger Cars, LCV, HCV), Piston Coating Type (Thermal Barrier Piston Coating, Dry Film Lubricant Piston Coating, Oil Shedding Piston Coating), Piston Type (Trunk Piston, Crosshead Piston, Slipper Piston, Deflector Piston), Distribution Channel (OEM, Aftermarket), and Region 2024-2032," finds that the global automotive piston market size reached US$ 4.3 Billion in 2023. A piston is a vital component that generates mechanical energy and provides the necessary force to a vehicle. It is made of aluminum and steel alloys to endure high temperatures and prevent gas leakage. It can also withstand combustion pressure and reciprocate loads to control expansion for noiseless long-life operation. In addition, it helps in transferring the force from cylinder to the crankshaft through a connecting rod. Owing to these properties, automotive piston finds extensive applications across the automotive industry.

Global Automotive Piston Market Trends:

The market is primarily driven by the surging sales of personal vehicles due to the growing population and rising disposable incomes of individuals. This has increased the production of automobiles, thus accelerating the product adoption rate across the globe. In addition, the emerging trend of high-end bikes having double cylinders that require two pistons each is contributing to the market growth. Besides this, various manufacturers are launching innovative and lightweight products developed from carbon, silicon, and magnesium. This, coupled with the escalating demand for heavy and light commercial vehicles, is creating a positive market outlook across the globe. Looking forward, IMARC Group expects the market value to reach US$ 5.5 Billion by 2032, exhibiting a CAGR of 2.6% during the forecast period (2024-2032). 

Market Summary:

  • Based on the material type, the market has been bifurcated into aluminum and steel.
  • On the basis of the vehicle type, the market has been classified into passenger cars, LCVs and HCVs. Presently, passenger cars exhibit a clear dominance in the market.
  • Based on the piston coating type, the market has been segmented into thermal barrier, dry film lubricant and oil shedding piston coatings.
  • On the basis of the piston type, the market has been segregated into trunk, crosshead, slipper and deflector pistons.
  • Based on the distribution channel, the market has been categorized into OEM and aftermarket.
  • Region-wise, Asia Pacific holds the leading position in the market. Other major regions include North America, Europe, Middle East and Africa, and Latin America.
  • The competitive landscape of the market has been examined in the report, with some of the key players being 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.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Material Type, Vehicle Type, Piston Coating Type, Piston Type, Distribution Channel, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered 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 & Rings
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Global Automotive Piston Market to Reach US$ 5.5 Billion by 2032, Impelled by Surging Sales of Automobiles
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