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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Automotive Piston Market Outlook
The global automotive piston market reached a value of about USD 5.18 billion in 2023. The industry is further expected to grow at a CAGR of 4.0% in the forecast period of 2024-2032.
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The Asia Pacific Leading the Automotive Piston Industry
The Asia Pacific is the leading regional market for the global automotive piston industry. The market in the region is being driven by the rising popularity of economy cars, mainly hatchbacks, compact sedans as well as compact SUVs. The bulk of these vehicles have a 4-cylinder engine. The rising investments by major players in the automotive market and favourable government initiatives are further propelling the growth of the market in the Asia Pacific. Owing to these factors, it is anticipated that the passenger car segment in the region will present a strong demand for pistons in the coming years. Countries like India, Thailand, and South Korea are expected to provide lucrative growth opportunities for the market.
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Automotive Piston: Market Segmentation
A combustion engine consists of an integral component, which is the piston. The piston rotates within the cylinder and transfers the energy to the crankshaft. This happens every time the engine cycle is started. The pistons are used mainly in the automotive industry, therefore, the growing demand for cars would raise the demand for pistons directly in the global market.
Based on component, the market can be divided into:
- Piston Head
- Piston Ring
- Piston Pin
- Others
The material type can be divided into steel and aluminium. The piston type can be categorised as follows:
- Trunk Piston
- Crosshead Piston
- Slipper Piston
- Deflector Piston
The shapes of the automotive piston can be segmented as follows:
- Flat-Top Piston
- Bowl Piston
- Dome Piston
The coating types of the product can be divided into:
- Thermal Barrier Coating Piston
- Dry Film Lubricating Coating Piston
- Oil Shedding Coating Piston
The fuel types of the product includes the following:
- Gasoline
- Diesel
- Alternate Fuel
The vehicle types in the industry can be divided into:
- Two-Wheeler
- Passenger Vehicle
- Commercial Vehicle
- Light Commercial Vehicle
- High Commercial Vehicle
The regional markets for automotive piston can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Rising Automobile Industry Bolstering the Market Growth of Automotive Piston
The growth of the industry is being driven by the rapidly rising automotive industry. The production of both two-wheeler and three-wheeler vehicles is constantly rising with the rising demand among the consumers. The latest trend of double cylinders in high-end bicycles, in contrast with the other two-wheelers, which use single cylinders, is further boosting the demand for automotive pistons. The rising demand for light, heavy, and passenger cars is leading to the growth of the industry. The growing trend of lighter and more fuel-efficient automotive engines due to the rising eco-consciousness and increasing implementation of stringent emission standards is expected to catalyse the market growth in the coming years. The rising R&D in the automotive sector will further propel the market forward.
Key Industry Players in the Global Automotive Piston Market
The report gives a detailed analysis of the following key players in the global automotive piston market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- MAHLE Group
- Tenneco Inc.
- Aisin Seiki Co., Ltd.
- Hitachi Automotive Systems, Ltd.
- Rheinmetall Automotive AG
- Shriram Pistons and Rings Limited
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Component |
|
| Breakup by Material Type |
|
| Breakup by Piston Type |
|
| Breakup by Shape |
|
| Breakup by Coating Type |
|
| Breakup by Fuel Type |
|
| Breakup by Vehicle Type |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
Automotive Piston Market Report Snapshots
Automotive Piston Market Growth
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global automotive piston market attained a value of USD 5.18 billion.
The market is projected to grow at a CAGR of 4% between 2024 and 2032.
The major drivers of the market include the rising automotive market, rising demand for lighter pistons, rapidly rising middle-class population, growing eco-consciousness, and the growing disposable incomes.
The rising use of double cylinders in high end bicycles and growing R&D activities are likely to be the key trends guiding the market growth.
The major regions in the global automotive piston market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading components of automotive piston in the market are piston head, piston ring, and piston pin, among others.
The major material types of automotive piston in the market are steel and aluminium.
The significant piston types in the market are trunk piston, crosshead piston, slipper piston, and deflector piston.
The leading shapes of automotive piston in the market are flat-top piston, bowl piston, and dome piston.
The major coating types of automotive piston in the market are thermal barrier coating piston, dry film lubricating coating piston, and oil shedding coating piston.
The significant fuel types in the market are gasoline, diesel, and alternate fuel.
The leading vehicle types in the market are two-wheeler, passenger vehicle, commercial vehicle, light commercial vehicle, and high commercial vehicle.
The major players in the market are MAHLE Group, Tenneco Inc., Aisin Seiki Co., Ltd., Hitachi Automotive Systems, Ltd., Rheinmetall Automotive AG, and Shriram Pistons and Rings Limited, among others.
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