Automotive Piston Market Analysis and Opportunities by 2031

The automotive piston market size is projected to reach US$ 6805.01 million by 2031 from US$ 4027.88 million in 2023. The market is expected to register a CAGR of 13.4% during 2023–2031. The increasing demand for electric vehicles is likely to remain a key trend in the market.

Automotive Piston Market Analysis

The automotive piston market ecosystem is diverse and evolving. It comprises the following stakeholders – raw material providers, automotive piston manufacturers, OEMs, and end users. Major players occupy places in the various nodes of the automotive piston market ecosystem. The raw material providers supply the material to build the automotive piston such as steel, aluminium, and silicon. The automotive piston components comprise of piston pin bore, piston pin, skirt, ring grooves, and piston rings. The OEMs in the global automotive piston market carry out various processes, such as designing, assembling, and production, to transform raw material into finished products.

The top 5 players in the automotive piston market include Mahle GmbH, Tenneco Inc., Rheinmetall AG, ART Metal MFG Co. Ltd., and TPR Co. Ltd. These companies are actively participating in developing robust pistons for varied automotive types. In addition, these players invest substantial capitals in respective R&D teams to design and develop pistons that meet the demands of automotive OEMS. The massive volume of ICE automotive production enables the companies to engage themselves in continuous production of different types of pistons and earn revenues

Automotive Piston Market Overview

MAHLE GmbH, Tenneco Inc., Rheinmetall AG, and ART Metal MFG Co., Ltd, and TPR Co. Ltd., among others, are leading manufacturers of automotive pistons. The companies are offering a wide range of pistons for large bore engines, and pistons for commercial vehicle, tractor and stationary engine applications. These pistons are procured by OEMs such as Volkswagen, Toyota, Volvo, Daimler, and Ford Motor Company, among others. The end-users hold a large number of customers, ranging from personal use vehicle buyers to fleet operators. Growing trend of engine downsizing, increasing vehicle production, and high demand for lightweight pistons are anticipated to present significant opportunities to companies planning to enter this market.

Automotive Piston Market: Strategic Insights

Automotive Piston Market Drivers and Opportunities

Use of Lightweight Pistons for Improved Engine Performance

The invention and use of carbon-carbon composite materials in piston manufacturing, has led to reduction piston weight of engine components allowing the piston to run at higher speeds. This has encouraged manufacturers in the automotive piston market to opt for carbon-carbon composite materials over conventional materials, such as aluminum, to achieve improved engine performance. Silicon composites and magnesium are also expected to unfold various opportunities for new products in recent years. The use of lightweight pistons leads to a reduction in engine weight. It benefits ICE vehicles through greater fuel efficiency and pollution reduction.

Continuous Technological Advancements

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. MAHLE GmbH; Tenneco Inc.; Aisin Seiki Co., Ltd.; Hitachi Automotive Systems, Ltd.; and Rheinmetall AG. are among the key companies in the automotive piston market.

Automotive Piston Market Report Segmentation Analysis

Key segments that contributed to the derivation of the automotive piston market analysis are material type, coating type and piston type.

• Based on material type, the automotive piston market is segmented into steel and aluminum. The aluminum segment held the largest market share in 2023.
• Based on coating type, the automotive piston market has been segmented into thermal barrier piston coating, dry film piston coating, and oil shedding piston coating. The thermal barrier piston coating segment held a larger market share in 2023.
• In terms of piston type, the automotive piston market is segmented into flat-top piston, dish piston, and dome piston. The flat-top piston segment held a larger market share in 2023.

Automotive Piston Market Share Analysis by Geography

The geographic scope of the automotive piston market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.

The scope of the automotive piston market report encompasses North America (the US, Canada, and Mexico), Europe (Russia, the UK, France, Germany, Italy, and the Rest of Europe), Asia Pacific (South Korea, India, Australia, Japan, China, and the Rest of Asia Pacific), the Middle East & Africa (Saudi Arabia, South Africa, the UAE, and the Rest of Middle East & Africa), and South & Central America (Argentina, Brazil, and the Rest of South & Central America). In terms of revenue, APAC dominated the automotive piston market share in 2023. Europe is the second-largest contributor to the global automotive piston market, followed by North America.

Automotive Piston Market Regional Insights

The regional trends and factors influencing the Automotive Piston Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses Automotive Piston Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Automotive Piston Market Report Scope

Automotive Piston Market Players Density: Understanding Its Impact on Business Dynamics

The Automotive Piston Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Automotive Piston Market News and Recent Developments

The automotive piston market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the automotive piston market are listed below:

• Aquarius Engines, Israel, developed a hydrogen-fueled version of its single-piston, lightweight linear engine, which is uniquely designed with the internal gas exchange capability to reduce emissions. (Source: Aquarius Engines, Press Release, May 2021)

Automotive Piston Market Report Coverage and Deliverables

The “Automotive Piston Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• Automotive piston market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Automotive piston market trends as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed PEST and SWOT analysis
• Automotive piston market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the automotive piston market
• Detailed company profiles