Europe Automotive Piston Market Size, Share, and Analysis by 2028

The automotive piston market in Europe is expected to grow from US$ 1022.47 million in 2021 to US$ 1464.28 million by 2028; it is estimated to grow at a CAGR of 5.3% from 2021 to 2028.

France, Germany, Italy, UK, and Russia are economies in Europe. 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.

Government initiatives to promote the use of clean energy are enabling automotive engine manufacturers to adopt lightweight hybrid composite materials that provide improved properties over the commercially available aluminum-based components. The automotive pistons manufactured using lightweight hybrid composite materials are ~25% lighter in weight than those made from conventional materials; moreover, the former enables cost-saving of over 62%. Thus, the performance and cost benefits of lightweight pistons are encouraging the automotive sector participants to invest in innovative designs, thus bolstering automotive piston market growth.

With the outbreak of COVID-19, the production and sales of motor vehicles came to a sudden halt in most of Europe. In April 2020, European markets witnessed the lowest new car registrations. Collapse of the demand side severely impacted the EU automotive sector, had put the economy in deep crisis and reduced international trade. The automotive sector plays an important role in economic growth and employment in many of the European countries which was strongly impacted by supply chain disruptions, and technological challenges

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Automotive Production in Europe fell 21%, with UK, Spain and Germany witnessing the major declines ranging from 11% to almost 40%. Europe as a whole represented an almost 22% share of the global production in 2020. Players such as Volkswagen generated reduced production due to the disruption caused by the Covid pandemic. The supply shortage of certain raw materials and piston components also affected the regional production. The government is lifting restrictions in different parts of the regions which is anticipated to rebound the motor vehicle manufacturing industry in Europe. According to the European Automobile Manufacturers’ Association (ACEA), the automotive sales in Europe are anticipated to rise by about 10% in 2021 compared to 2020. Progress in vaccination programs and support measures to stimulate demand will help the market to recover.

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 Europe automotive piston market is expected to grow at a good CAGR during the forecast period.

Europe Automotive Piston Market Segmentation

Europe Automotive Piston Market – By Material Type

• Steel
• Aluminium

Europe Automotive Piston Market – By Coating Type

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

Europe Automotive Piston Market – By Vehicle Type

• Two Wheeler
• Passenger Vehicle
• Commercial Vehicle

Europe Automotive Piston Market – By Piston Type

• Flat-top Piston
• Dish Piston
• Dome Piston

Europe Trade Automotive Piston Market- By Country

• France
• Germany
• Italy
• UK
• Russia
• Rest of Europe

Europe Automotive Piston Market-Companies Mentioned

• Arias Pistons
• CAPRICORN AUTOMOTIVE 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.

Europe Automotive Piston Report Scope