Automotive Piston Market Overview:
Global automotive piston market is expected to reach $15,705 million by 2022, growing at a CAGR of 4.8% from 2016 to 2022. Automotive piston is an engine component cylindrical in shape, which slides back and forth in the cylinder bore due to force produced by the expansion of gas during the combustion process. Piston system comprises piston, piston rings, and piston pin; this system transfers the generated force to crankshaft through connecting rod.
Piston generates mechanical energy that propels the crankshaft movement, which in turn, drives the wheels of the vehicle. Gasoline engine piston usually has less piston rings than diesel engine pistons, owing to high compression ratio of the latter. Most of the pistons are made up of aluminum & steel alloys to withstand high temperatures.
The global automotive piston market is segmented on the basis of material, type, coatings, and vehicle type. Based on material, the market is bifurcated as aluminum and steel. By type, it is further segmented into trunk piston, crosshead piston, slipper piston, and deflector piston. On the basis of coating, the market is divided into thermal barrier coating piston, dry film lubricating coating piston, and oil shedding coating piston. By vehicle type, it is classified into two-wheeler, three-wheeler, four-wheeler, and heavy commercial vehicle (HCV). Geographically, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Russia, Germany, France, Italy, and rest of Europe), Asia-Pacific (India, China, Japan, Taiwan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
Increase in sales & production of vehicles and advancement in technology such as integration of cooling channel in piston drive the growth of the automotive piston market. However, technical advancements to downsize automotive engines and increase in penetration of electric vehicle hinder the growth of the market. Irrespective of these challenges, expansion in untapped market of developing regions such as Asia-Pacific, Latin America, and Africa is expected to create lucrative opportunity for the market players. In addition, rise in demand for lightweight piston developed from composites of carbon, silicon, and magnesium is expected to unfold various opportunities for new products in the market, boosting the market growth.
Asia-Pacific: Most Lucrative Market for Automotive Piston:
Asia-Pacific is the most lucrative automotive piston market among other regions, owing to increase in number of vehicles in China, India, and Japan. Presence of the major car manufacturers in China and their increased investments in Asia-Pacific, and growth in number of joint ventures with international brands drive the market growth. China is the largest automotive piston market in the region, constituting around 35% of the Asia-Pacific automotive piston market share in 2015.
China Automotive Piston Market Revenue, 2014 - 2022
Automotive Piston Market Key Benefits
- The report includes an extensive analysis of the factors that drive as well as restrain the global automotive piston market.
- The report also provides quantitative as well as qualitative trends to assist the stakeholders understand the situations prevailing in the market.
- Competitive intelligence highlights the business practices followed by leading market players across various geographies.
Automotive Piston Market Key Segments
- Trunk Piston
- Crosshead Piston
- Slipper Piston
- Deflector Piston
- Thermal Barrier Coating Piston
- Dry Film Lubricating Coating Piston
- Oil Shedding Coating Piston
- Heavy commercial Vehicle (HCV) Piston
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Latin America
- Middle East