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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
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.
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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