North America Automotive Piston Market Analysis and Opportunities by 2028

The automotive piston market in North America is expected to grow from US$ 637.38 million in 2021 to US$ 854.50 million by 2028; it is estimated to grow at a CAGR of 4.3% from 2021 to 2028.

The US, Canada, and Mexico are economies in North America. 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 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 growth. Thus, the massive production volume of ICE vehicles is a major factor driving the automotive piston market growth.

The United States has witnessed the most severe impact of COVID-19 in 2020. The automotive manufacturers as well as automotive component manufacturers in the region are affected due to nationwide lockdowns and travel restrictions, shut down of production facilities, and shortage of employees. The massive outbreak of the virus has created both a health crisis and an economic crisis in the United States. It has led to major disruptions in the automotive industry, impacting everything from supply chain and manufacturing to product sales. The pandemic has directly and indirectly impacted the industry’s short term and long term strategies.The automotive original equipment manufacturers as well as the players within the automotive piston industry are the ones among the hardest hit due to the pandemic. Automakers are rethinking their financial priorities due to the serious economic impact; vehicle production and technological up gradations witnessing a decline and are therefore choosing the divert funds and resources towards other alternatives. The region is expecting market recovery from the economic disruption. Growing consumer demand and government stimulus is anticipated to boost manufacturing and sales.

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

North America Automotive Piston Market Segmentation

North America Automotive Piston Market – By Material Type

• Steel
• Aluminium

North America Automotive Piston Market – By Coating Type

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

North America Automotive Piston Market – By Vehicle Type

• Two Wheeler
• Passenger Vehicle
• Commercial Vehicle

North America Automotive Piston Market – By Piston Type

• Flat-top Piston
• Dish Piston
• Dome Piston

North America Trade Automotive Piston Market- By Country

• US
• Canada
• Mexico

North America Automotive Piston Market-Companies Mentioned

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

North America Automotive Piston Report Scope