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Piston is the most vital component in internal combustion engine (ICE) of nay vehicle. Piston system comprises of piston, piston rings, connecting rod, and piston pins. Piston pin is also referred to as gudgeon pin, is used to connect the piston with the connecting rod in the internal combustion engine which serves as pivotal ancillary unit to aid the desired process. Piston pin are made up of steel, titanium, and aluminium since, these metals can withstand all the loading stresses applied as well as wear & tear involved during operations. Aluminium piston system is lightweight compared to steel piston system, but steel piston system can sustain high-stress levels. The wear resistance of piston pin is improved by different coatings, such as oil shedding, thermal coating, powder coating, and others. The rise in automobile production is supposed to have a positive impact on automotive piston pin market.
COVID-19 Impact Analysis:
Due to COVID-19 pandemic the lockdown imposed by the government and business shutdowns are expected to have a severe impact on the automotive piston pin market. The production and sales of new vehicles have come to a halt across the globe since, the pandemic has disrupted the whole automotive ecosystem. Moreover, OEMs had to wait until lockdowns were lifted to resume production but still due to social distancing norms there was unavailability of labour which affected their business. In addition, component manufacturing was also suspended which affected small Tier II and Tier III manufacturers with liquidity issues. Thus, the production suspension due the outbreak and lower demand of ICE automobile post the pandemic will have an unprecedented impact on automotive piston pin market.
Top Impacting Factors
Market Trends
Rise in production & sales of ICE vehicles
Piston pins are an integral part of ICE vehicles. Thus, the increasing production of ICE vehicles across the world is the major driver for piston pin market. Although, most of the countries are concerned about emission caused by ICR vehicles but the market is still dominated by ICE vehicles. Moreover, the lack of proper infrastructure and shortcomings of electric vehicles such as short-range, lack of charging station, and high cost makes ICE vehicles the first choice of consumer in major countries across the world. Since, 100% adoption of electric vehicle will take time, demand for ICE vehicles is expected to drive growth of automotive piston pin market.
Rise in demand of electric vehicles
Government in various countries have made strict regulations regarding vehicle emission thus, promoting the adoption of electric vehicle. The adoption of electric vehicle will affect the sale of ICE vehicles. According, to US Environmental Protection Agency 26% of the total greenhouse gas emission are from automotive & transportation sector. For instance, government major countries such as India, United States, China, and others are giving tax subsidies to promote electric vehicles. All these factors for growth of electric vehicle will hamper growth of automotive piston pin market.
Key Benefits of the Report:
Questions answered in the automotive piston pin market research report:
Automotive Piston Pin Market Report Highlights
Aspects | Details |
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By Vehicle Type |
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By Fuel Type |
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By Material |
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By Sales Channel |
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By Coating Type |
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By Region |
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Key Market Players | Aisin Seiki Co. Ltd, Art Metal, Shandong Binzhou Bohai Piston Co., Federal-Mogul Motorparts LLC, Tenneco, MAHLE GmbH Stuttgart, Burgess Norton, Rheinmetall AG, Ross Racing Pistons, Shriram Pistons & Rings |
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