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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
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.
Automotive Piston Market Report Snapshots
Automotive Piston Market Growth
Automotive Piston Market Regional Analysis
*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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