Flat-top Piston Segment to Dominate MEA Automotive Piston Market during 2021–2028
According to The Insight Partners market research study on “MEA Automotive Piston Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Material Type, Coating Type, Vehicle Type, and Piston Type” is expected to reach US$ 60.19 million by 2028 from US$ 51.24 million in 2021. The market is estimated to grow at a CAGR of 2.3% from 2021 to 2028. The report provides trends prevailing in the MEA automotive piston market along with the drivers and restraints pertaining to the market growth. Evolution of robust ice vehicle engines is the major factor driving the growth of the MEA automotive piston market. However, issues associated with the accentuation in EV manufacturing hinder the growth of MEA automotive piston market.
The MEA automotive piston market is segmented on the bases of material type, coating type, vehicle type, and piston type, and country. Based on material type, the market is segmented into steel and aluminum. The aluminum segment dominated the market in 2020 and steel segment is expected to be the fastest growing during the forecast period. On the basis of coating type, the automotive piston market is segmented into thermal barrier piston coating, dry film lubricant piston coating, and oil shedding piston coating. The thermal barrier piston coating segment dominated the market in 2020 and dry film piston coating segment is expected to be the fastest growing during the forecast period. On the basis of vehicle type, the automotive piston market, by vehicle type, is segmented into two wheelers, passenger vehicles, and commercial vehicles. The commercial vehicles segment dominated the market in is expected to be the fastest growing during the forecast period. On the basis of piston type, the automotive piston market is segmented into flat-top piston, dome piston, and dish piston. The flat-top piston segment dominated the market in 2020 and dome piston segment is expected to be the fastest growing during the forecast period. In terms of country, the MEA automotive piston market is segmented into—South Africa and Rest of MEA.
The automotive piston market in Middle East and Africa has witnessed a decline due to disruption in the supply chain, various containment measure initiated by the government, such as travel restrictions, factory shutdown, and lockdowns, the supply, and distribution of electronics and mechanical automotive component. Impact on raw material supply and revenue stream has severely reduced the demand for automotive vehicle and therefore, demand for automotive piston has also declined. South Africa accounts for a major share in MEA’s automotive sector. Closure of production factories have had an enormous impact on South Africa automotive sector as the country heavily relies on imports. The MEA region is focusing on local production as a measure to meet local market demands and avoid uncertainties. In the view of the pandemic, several automotive piston market players in the MENA region are introducing innovative green and environment friendly technologies to recover sales.
MAHLE GmbH; QUFU JINHUANG PISTON CO., LTD; Rheinmetall Automotive AG; Shandong Binzhou Bohai Piston Co., Ltd; and Tenneco Inc. are the leading companies in the MEA automotive piston market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, MAHLE GmbH developed aluminum pistons with the co-operation of sports car manufacturer Porsche and mechanical engineering company Trump has produced high-performance aluminum pistons using 3D printing techniques for the first time. The company is developing its expertise in 3D printing, so that, in the future, it will also be able to support its customers in the field of alternative drives, including electric drives, by supplying suitable components for drives, thermal management.