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.
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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.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. APAC Automotive Piston Market Landscape
4.1 Market Overview
4.2 APAC PEST Analysis
4.3 Ecosystem Analysis
5. APAC Automotive Piston Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Massive Production of ICE Vehicles
5.1.2 Need of Lightweight Piston to Improve Performance
5.2 Market Restraints
5.2.1 Increase in EV Manufacturing
5.3 Market Opportunities
5.3.1 Continuous Technological Advancements
5.4 Future Trends
5.4.1 Evolution of Robust ICE Vehicle Engines
5.5 Impact Analysis of Drivers and Restraints
6. Automotive Piston – APAC Market Analysis
6.1 APAC Automotive Piston Market Overview
6.2 APAC Automotive Piston Market Revenue Forecast and Analysis
7. APAC Automotive Piston Market Revenue and Forecast to 2028 By Material Type
7.1 Overview
7.2 Automotive Piston Market, by Material Type (2020 & 2028)
7.3 Steel
7.3.1 Overview
7.3.2 Steel: Automotive Piston Market Revenue and Forecast to 2028 (US$ Million)
7.4 Aluminium
7.4.1 Overview
7.4.2 Aluminium: Automotive Piston Market Revenue and Forecast to 2028 (US$ Million)
8. APAC Automotive Piston Market Analysis and Forecast to 2028 By Coating Type
8.1 Overview
8.2 Automotive Piston Market, by Coating Type (2020 & 2028)
8.3 Thermal Barrier Piston Coating
8.3.1 Overview
8.3.2 Thermal Barrier Piston Coating: Automotive Piston Market Revenue and Forecast to 2028 (US$ Million)
8.4 Dry Film Piston Coating
8.4.1 Overview
8.4.2 Dry Film Piston Coating: Automotive Piston Market Revenue and Forecast to 2028 (US$ Million)
8.5 Oil Shedding Piston Coating
8.5.1 Overview
8.5.2 Oil Shedding Piston Coating: Automotive Piston Market Revenue and Forecast to 2028 (US$ Million)
9. APAC Automotive Piston Market Analysis and Forecast to 2028 By Vehicle Type
9.1 Overview
9.2 Automotive Piston Market, by Vehicle Type (2020 & 2028)
9.3 Two Wheeler
9.3.1 Overview
9.3.2 Two Wheeler: Automotive Piston Market Revenue and Forecast to 2028 (US$ Million)
9.4 Passenger Vehicles
9.4.1 Overview
9.4.2 Passenger Vehicles: Automotive Piston Market Revenue and Forecast to 2028 (US$ Million)
9.5 Commercial Vehicle
9.5.1 Overview
9.5.2 Commercial Vehicle: Automotive Piston Market Revenue and Forecast to 2028 (US$ Million)
10. APAC Automotive Piston Market Analysis and Forecast to 2028 By Piston Type
10.1 Overview
10.2 Automotive Piston Market, by Piston Type (2020 & 2028)
10.3 Flat-top Piston
10.3.1 Overview
10.3.2 Flat-top Piston: Automotive Piston Market Revenue and Forecast to 2028 (US$ Million)
10.4 Dish Piston
10.4.1 Overview
10.4.2 Dish Piston: Automotive Piston Market Revenue and Forecast to 2028 (US$ Million)
10.5 Dome Piston
10.5.1 Overview
10.5.2 Dome Piston: Automotive Piston Market Revenue and Forecast to 2028 (US$ Million)
11. APAC Automotive Piston Market – Country Analysis
11.1 Overview
11.1.1 APAC: Automotive Piston Market, by Key Country
11.1.1.1 China: Automotive Piston Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.1.1 China: Automotive Piston Market, by Material Type
11.1.1.1.2 China: Automotive Piston Market, by Coating Type
11.1.1.1.3 China: Automotive Piston Market, by Vehicle Type
11.1.1.1.4 China: Automotive Piston Market, by Piston Type
11.1.1.2 India: Automotive Piston Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.2.1 India: Automotive Piston Market, by Material Type
11.1.1.2.2 India: Automotive Piston Market, by Coating Type
11.1.1.2.3 India: Automotive Piston Market, by Vehicle Type
11.1.1.2.4 India: Automotive Piston Market, by Piston Type
11.1.1.3 Japan: Automotive Piston Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.3.1 Japan: Automotive Piston Market, by Material Type
11.1.1.3.2 Japan: Automotive Piston Market, by Coating Type
11.1.1.3.3 Japan: Automotive Piston Market, by Vehicle Type
11.1.1.3.4 Japan: Automotive Piston Market, by Piston Type
11.1.1.4 South Korea: Automotive Piston Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.4.1 South Korea: Automotive Piston Market, by Material Type
11.1.1.4.2 South Korea: Automotive Piston Market, by Coating Type
11.1.1.4.3 South Korea: Automotive Piston Market, by Vehicle Type
11.1.1.4.4 South Korea: Automotive Piston Market, by Piston Type
11.1.1.5 Thailand: Automotive Piston Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.5.1 Thailand: Automotive Piston Market, by Material Type
11.1.1.5.2 Thailand: Automotive Piston Market, by Coating Type
11.1.1.5.3 Thailand: Automotive Piston Market, by Vehicle Type
11.1.1.5.4 Thailand: Automotive Piston Market, by Piston Type
11.1.1.6 Rest of APAC: Automotive Piston Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.6.1 Rest of APAC: Automotive Piston Market, by Material Type
11.1.1.6.2 Rest of APAC: Automotive Piston Market, by Coating Type
11.1.1.6.3 Rest of APAC: Automotive Piston Market, by Vehicle Type
11.1.1.6.4 Rest of APAC: Automotive Piston Market, by Piston Type
12. APAC Automotive Piston Market - COVID-19 Impact Analysis
12.1 Overview
13. Industry Landscape
13.1 Overview
13.2 Market Initiative
14. Company Profiles
14.1 ART METAL MFG., LTD.
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 RIKEN CORPORATION
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 QUFU JINHUANG PISTON CO., LTD
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 MAHLE GmbH
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Tenneco Inc.
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 Rheinmetall Automotive AG
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Shandong Binzhou Bohai Piston Co., Ltd
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Hitachi Astemo Americas, Inc.
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
15. Appendix
15.1 About The Insight Partners
15.2 Word Index
LIST OF TABLES
Table 1. APAC Automotive Piston Market Revenue and Forecast to 2028 (US$ Million)
Table 2. APAC: Automotive Piston Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 3. China: Automotive Piston Market, by Material Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. China: Automotive Piston Market, by Coating Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. China: Automotive Piston Market, by Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. China: Automotive Piston Market, by Piston Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. India: Automotive Piston Market, by Material Type – Revenue and Forecast to 2028 (US$ Million)
Table 8. India: Automotive Piston Market, by Coating Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. India: Automotive Piston Market, by Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 10. India: Automotive Piston Market, by Piston Type – Revenue and Forecast to 2028 (US$ Million)
Table 11. Japan: Automotive Piston Market, by Material Type – Revenue and Forecast to 2028 (US$ Million)
Table 12. Japan: Automotive Piston Market, by Coating Type – Revenue and Forecast to 2028 (US$ Million)
Table 13. Japan: Automotive Piston Market, by Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 14. Japan: Automotive Piston Market, by Piston Type – Revenue and Forecast to 2028 (US$ Million)
Table 15. South Korea: Automotive Piston Market, by Material Type – Revenue and Forecast to 2028 (US$ Million)
Table 16. South Korea: Automotive Piston Market, by Coating Type – Revenue and Forecast to 2028 (US$ Million)
Table 17. South Korea: Automotive Piston Market, by Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 18. South Korea: Automotive Piston Market, by Piston Type – Revenue and Forecast to 2028 (US$ Million)
Table 19. Thailand: Automotive Piston Market, by Material Type – Revenue and Forecast to 2028 (US$ Million)
Table 20. Thailand: Automotive Piston Market, by Coating Type – Revenue and Forecast to 2028 (US$ Million)
Table 21. Thailand: Automotive Piston Market, by Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 22. Thailand: Automotive Piston Market, by Piston Type – Revenue and Forecast to 2028 (US$ Million)
Table 23. Rest of APAC: Automotive Piston Market, by Material Type – Revenue and Forecast to 2028 (US$ Million)
Table 24. Rest of APAC: Automotive Piston Market, by Coating Type – Revenue and Forecast to 2028 (US$ Million)
Table 25. Rest of APAC: Automotive Piston Market, by Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 26. Rest of APAC: Automotive Piston Market, by Piston Type – Revenue and Forecast to 2028 (US$ Million)
Table 27. List of Abbreviation
LIST OF FIGURES
Figure 1. APAC Automotive Piston Market Segmentation
Figure 2. APAC Automotive Piston Market Segmentation – By Country
Figure 3. APAC Automotive Piston Market Overview
Figure 4. APAC Automotive Piston Market, by Material Type
Figure 5. APAC Automotive Piston Market, By Coating Type
Figure 6. APAC Automotive Piston Market, By Country
Figure 7. APAC – PEST Analysis
Figure 8. Automotive Piston Market: Ecosystem Analysis
Figure 9. APAC Automotive Piston Market Impact Analysis of Drivers and Restraints
Figure 10. APAC Automotive Piston Market Revenue Forecast and Analysis (US$ Million)
Figure 11. APAC Automotive Piston Market, by Material Type (2020 & 2028)
Figure 12. APAC Steel: Automotive Piston Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. APAC Aluminum: Automotive Piston Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. APAC Automotive Piston Market, by Coating Type (2020 & 2028)
Figure 15. APAC Thermal Barrier Piston Coating: Automotive Piston Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. APAC Dry Film Piston Coating: Automotive Piston Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. APAC Oil Shedding Piston Coating: Automotive Piston Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. APAC Automotive Piston Market, by Vehicle Type (2020 & 2028)
Figure 19. APAC Two Wheeler: Automotive Piston Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. APAC Passenger Vehicles: Automotive Piston Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. APAC Commercial Vehicle: Automotive Piston Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. APAC Automotive Piston Market, by Piston Type (2020 & 2028)
Figure 23. APAC Flat-top piston: Automotive Piston Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. APAC Dish Piston: Automotive Piston Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. APAC Dome Piston: Automotive Piston Market Revenue and Forecast to 2028 (US$ Million)
Figure 26. APAC: Automotive Piston Market, by Key Country-Revenue 2020 (US$ Million)
Figure 27. APAC: Automotive Piston Market Revenue Share, by Key Country (2020 & 2028)
Figure 28. China: Automotive Piston Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. India: Automotive Piston Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Japan: Automotive Piston Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. South Korea: Automotive Piston Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Thailand: Automotive Piston Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Rest of APAC: Automotive Piston Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
- 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.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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