Asia-Pacific Automotive Piston Market Overview and Growth by 2028

The automotive piston market in APAC is expected to grow from US$ 2021.05 million in 2021 to US$ 3253.34 million by 2028; it is estimated to grow at a CAGR of 7.0% from 2021 to 2028.

China, India, Japan, South Korea, and Thailand are economies in APAC. High wear and tear of engine components due to the rise in the overall operating life of vehicles is bolstering the sales of automotive pistons. Technological advancements and automation are allowing manufacturing companies to achieve greater productivity and profitability. The market players are engaged in making transportation more efficient, environmentally friendly, and more comfortable by continuously optimizing the combustion engine as well as by exploring the use of alternative fuels. OEMs are focusing on delivering greater vehicle efficiency and productivity. Mahle and Federal-Mogul, among others, are shifting from cast aluminum to lightweight and high-strength forged steel pistons that are more resilient to higher pressure and temperature values. Moreover, steel pistons are compatible with shorter and lighter engine block, and they consume less fuel than aluminum pistons. Modern aluminum pistons have an iron or steel insert to support the top ring. Therefore, companies have started large-scale production of steel pistons for mid-range power density diesel engines, which is anticipated to bring about new opportunities in the automotive piston market, especially in the leading-edge turbo-diesel applications.

The COVID-19 pandemic has not only disrupted the APAC’s economy and the region’s automobile market but has also changed the buyer attitude towards the sector. The region has witnessed a rise in demand for costly and safety features from customers which is making manufacturers invest in high end technological solutions and services. The car industry was the first economic victim of COVID-19 in China with the shutdown of major automotive production sites and manufacturing plants of companies such as GM, Honda, Nissan, and Renault in the Hubei Province. Other nations recorded some of the most dramatic double digit drops in vehicle sales due to their dependency on the China as well as interruptions caused by the pandemic. Difficulties in receiving appropriate amount of funding is anticipated to impact the market sales. As a result, OEMs will start discounting products which hinder profitability. Key players in the regional automotive piston market are turning towards innovations as a measure to deal with the financial crisis. China’s transformation from a low-tech to a high-tech global market, flexibility in the Japanese manufacturing industry, and adequate government support and business strategies in the Indian market will help the region to recover at a rapid pace. As nations start to witness a declining number of COVID-19 patients, many manufacturing plants and facilities are starting to open up in various regions of the continent and employees returning to work. Ease of lockdown measures, increasing demand trends of smaller-sized vehicles to avoid crowds, and reduction in tax rates are some of the key factors estimated to stimulate demand recovery in countries such as India, Japan, South Korea, and the Philippines.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the automotive piston market. The APAC automotive piston market is expected to grow at a good CAGR during the forecast period.

APAC Automotive Piston Market Segmentation

APAC Automotive Piston Market – By Material Type

• Steel
• Aluminium

APAC Automotive Piston Market – By Coating Type

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

APAC Automotive Piston Market – By Vehicle Type

• Two Wheeler
• Passenger Vehicle
• Commercial Vehicle

APAC Automotive Piston Market – By Piston Type

• Flat-top Piston
• Dish Piston
• Dome Piston

APAC Trade Automotive Piston Market- By Country

• China
• India
• Japan
• South Korea
• Thailand
• Rest of APAC

APAC Automotive Piston Market-Companies Mentioned

• ART METAL MFG., LTD.
• Hitachi Astemo Americas, Inc.
• MAHLE GmbH
• QUFU JINHUANG PISTON CO., LTD
• Rheinmetall Automotive AG
• RIKEN CORPORATION
• Shandong Binzhou Bohai Piston Co., Ltd
• Tenneco Inc.

Asia-Pacific Automotive Piston Report Scope