Automotive Piston Market to Grow at a CAGR of 6.0% to reach US$ 5,815.15 Million from 2020 to 2028

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Automotive Piston Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Material Type (Steel and Aluminum); Coating Type (Thermal Barrier Piston Coating, Dry Film Piston Coating, and Oil Shedding Piston Coating); Vehicle Type (Two Wheelers, Passenger Vehicles, and Commercial Vehicles); and Piston Type (Flat-top Piston, Dish Piston, and Dome Piston) and Geography

Publication Month: Aug 2021 | Report Code: TIPRE00004327 | No. of Pages: 174 | Category: Automotive and Transportation | Status: Published

The automotive piston market was valued at US$ 3879.92 million in 2021 and it is projected to reach US$ 5,815.15 million by 2028; it is expected to grow at a CAGR of 6.0% from 2021 to 2028.

Rise in the manufacturing of the internal combustion engine (ICE) vehicles is boosting the demand for automotive pistons to achieve fuel efficiency, reduce emissions, and enhance flexibility and reliability. The increasing sales of ICE vehicles in APAC and the MEA is encouraging manufacturers to produce better and environment-friendly vehicle components, such as pistons and lubricants. The demand for automotive pistons is increasing significantly owing to the rising automotive vehicle manufacturing and production activities across the world. Pistons made of steel have the capability to withstand high temperatures, thereby improving the efficiency of engine. Steel pistons reduce fuel consumption and CO2 exhaust and emissions. They are lightweight and have a lower compression height. Aluminum is the most-commonly used material for making automotive pistons owing to its features, such as lightweight, thermal conductivity, corrosion resistance, and casting characteristics.

Impact of COVID-19 Pandemic on Automotive Piston Market

The sudden COVID-19 outbreak pandemic has shaken the automotive sector in every region owing to the combination of factors such as factory shutdowns, travel bans, and limited consumer spending power, which created disaster for the newer vehicle market. The pandemic has hampered the production in the global automotive sector. The restricted supply chain has also created a massive gap between supply and demand for the automotive pistons. Inadequate raw material supply has disrupted economies and weakened production, leading to a collapse in demand. However, developments and technological upgrades are anticipated to boost the demand for vehicles with efficient fuel consumption technologies, thereby propelling the adoption of automotive pistons. The component manufacturers observed significant tremors in 2020, which showcased decline in automotive component manufacturing and subsequently the industry size. On the other hand, due to business lockdowns, travel bans, and supply chain disruptions, the manufactures of the automotive piston market are impacted negatively.

Lucrative Regions in Automotive Piston Market

Lucrative Regions in Automotive Piston Market

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Market Insights– Automotive Piston Market

Massive Production of ICE Vehicles

Internal combustion engine (ICE) vehicles such as passenger cars, light commercial vehicles (LCVs) account for a major share of the total vehicles usage in developing countries such as China, India, South Korea, Mexico, Brazil, and South Africa, which has led to increase in the manufacturing of various models of these vehicles. This has, subsequently, augmented the demand for small-bore pistons, large-bore pistons, bearings, and castings that contribute to weight reduction, emission reduction, and improved performance, among other advantages. Demand for advanced and high-tech features, and technological innovations as well as concerns regarding environmental safety are compelling OEMs to focus on the production and adoption of highly accurate and high-performance piston designs, thereby promoting the development of long-lasting pistons that can withstand stress, and wear and tear caused by engine operations. Mechanical simplicity, flexibility and reliability, and multi-fuel capabilities are among the other features driving the adoption of automotive pistons. Further, the rising demand for gasoline-powered vehicles is contributing to the automotive piston market during the forecast period.

Piston Type-Based Insights

Based on piston type, the automotive piston market is segmented into compact flat-top piston, dish piston, and dome piston. The compact flat-top piston segment held the largest market share in 2020.

Strategic Insights

Report Coverage - Automotive Piston Market
Report CoverageDetails
Market Size Value inUS$ 3879.92 Million in 2021
Market Size Value byUS$ 5,815.15 Million by 2028
Growth rateCAGR of 6.0% from 2021-2028
Forecast Period2021-2028
Base Year2021
No. of Pages174
No. of Tables107
No. of Charts & Figures87
Historical data availableYes
Segments coveredMaterial Type ; Coating Type ; Vehicle Type ; and Piston Type and Geography
Regional scopeNorth America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country scopeUS, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
Free Sample Copy Available

Players operating in the automotive piston market are mainly focused on the development of advanced and efficient products.

  • In 2021, Rheinmetall Technology Group’s subsidiary KS Kolbenschmidt GmbH of Neckarsulm, Germany; auto parts maker ZYNP Corporation of Mengzhou, China; and the Riken Corporation of Tokyo partnered and started a new Tech Center in Nanjing, China. The center is going to offer modern steel pistons related customer service and subsequently increase its market in the Nanjing.
  • In 2020, MAHLE GmbH developed aluminum pistons with the co-operation of sports car manufacturer Porsche and mechanical engineering company Trump. It 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, such as electric drives, by supplying suitable components for drives, thermal management.

The automotive piston market has been segmented as follows:

Automotive Piston Market – by Material Type

  • Steel
  • Aluminium

Automotive Piston Market – by Coating Type  

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

Automotive Piston Market – by Vehicle Type

  • Two Wheelers
  • Passenger Vehicles
  • Commercial Vehicles

Automotive Piston Market – by Piston Type

  • Flat-top Piston
  • Dish Piston
  • Dome Piston

Automotive Piston Market – by Geography

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Italy
    • UK
    • Russia
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • India
    • Japan
    • South Korea
    • Thailand
    • Rest of APAC
  • Middle East and Africa
    • South Africa
    • Rest of MEA
  • South America
    • Brazil
    • Argentina
    • Rest of SAM

Automotive Piston Market – Company Profiles

  • Arias Pistons
  • Art Metal Manufacturing, Ltd
  • Capricorn Motors Pvt. Ltd.
  • Hitachi Astemo Americas, Inc
  • RIKEN Corporation
  • MAHLE GmbH
  • Tenneco Inc.
  • Rheinmetall Automotive
  • Binzhou Bohai Piston Co., Ltd.

Frequently Asked Questions

The automotive piston have been in use for several years worldwide, however, the technology has been experiencing immense demand in recent years. The noteworthy growth in the demand of electric vehicle and usage of lightweight piston by companies is supporting the growth of automotive piston market. The massive production of ICE vehicle and increasing usage of lightweight automotive piston for improving efficiency of engine are the crucial growth parameters for the automotive piston market.
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. Hydrogen-fueled combustion engine technology and technological innovations in ICEs such as intelligent combustion management systems as well as improvements in fuel efficiency to achieve power advantages and lower emission level will provide growth opportunities to the market players during the forecast period.
The global automotive piston market was dominated by the flat-top piston segment with market share of 65.6% in 2020. The increasing awareness among the market players about the advantages of the flat top piston is projected to increase investments in the segment, which lead to an increased production and sales, thereby boosting the segment growth.
In 2020, APAC led the market with a substantial revenue share, followed by Europe and North America. Asia Pacific is a prospective market for automotive piston market players.
The major companies in automotive piston includes Art Metal Mfg., Ltd; MAHLE GmbH; Tenneco Inc.; TPR; and Rheinmetall Automotive Ag;. The ranking has been derived analysing multiple parameters such as annual revenue earned from automotive piston portfolio, client base, geographic locations, R&D expenditure, brand image, and number of employees, among others. These companies are actively participating in developing automotive piston for various applications.
China led the automotive piston market globally with a market share of 40.1% in the year 2020. All major automotive manufacturers, including Tesla, VW, Toyota, Honda, Hyundai, General Motors, Suzuki, Renault, Mercedes-Benz, BMW and Audi and others have their manufacturing facilities in the country. Also, China's growing demand for high-performance vehicles is expected to drive up demand for automotive pistons.

The List of Companies - Automotive Piston Market

  1. Arias Pistons
  2. Art Metal Mfg., Ltd
  3. Capricorn Automotive
  5. Hitachi Astemo Americas, Inc
  6. RIKEN Corporation
  7. MAHLE GmbH
  8. Tenneco Inc.
  9. Rheinmetall Automotive Ag
  10. Shandong Binzhou Bohai Piston Co., Ltd
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global automotive piston market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the global market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
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