Overview
According to the study presented by Market Research Future (MRFR), the global Automotive Piston Market is set to grow steadily over the forecast period. Pistons are an integral part of the internal combustion engine in automobiles and facilitate the transfer of power within the cylinder and delivery of energy to the crankshaft. The burgeoning automotive sector is leading the expansion of the global Automotive Piston Market and is poised to exhibit a similar trend in the forthcoming years.
The rising demand for vehicles in the fast-developing economies exhibit tremendous potential for the growth of the Automotive Piston Market. In addition, high-end bikes need double engine cylinder with two pistons. The expanding market presence of these high-end bikes with two pistons are projected to favor the expansion of the global market across the review period.
Light-weight pistons ensure fuel efficiency, which is forecasted to have a positive influence on the proliferation of the global Automotive Piston Market. Investments are supposed to flow towards the market for the development of lighter pistons for achieving higher fuel efficiency. Furthermore, the rising fuel price has further intensified the adoption of light-weight pistons, thus, opening new avenues of growth for the market. On the flip side, the accelerated adoption of electric
Segmentation
By material, the global Automotive Piston Market has been segmented into steel and aluminum.
By coating, the Automotive Piston Market has been segmented into thermal barrier, oil shedding, dry film lubricating, others.
By vehicle type, the global Automotive Piston Market has been segmented into passenger cars, light commercial vehicle, heavy commercial vehicle.
Regional Analysis:
The global Automotive Piston Market, by region, has been segmented into North America, Europe, Asia Pacific, and the Rest of the World. Asia Pacific is likely to become the fastest growing regional market over the next couple of years. The developing economies such as India and China resonate strong opportunities for growth due to the increasing demand for vehicles. Furthermore, the region has emerged as the manufacturing hub owing to the availability of comparatively cheaper labor force, raw materials, and other facilities. Investments are expected to flow towards the Automotive Piston Market in Asia Pacific by global market players, thus, augmenting the market in the foreseeable future.
North America and Europe are significant revenue pockets presumed to exhibit moderate growth through the forecast period. The factors that are prognosticated to favor the expansion of North America include consolidation of key players, technological advancements, growth of the automotive sector, etc. In Europe, the thriving automotive sector in developed economies is likely to drive the proliferation of the Automotive Piston Market. However, stringent regulations in both the regions have compelled the manufacturers to shift their bases to Asia Pacific.
Competitive Dashboard
Some of the key players profiled in the report are Aisin Seiki Co., Ltd. (Japan), Rheinmetall Automotive AG (Germany), MAHLE GmbH (Germany), Arias Pistons Ltd (U.K.), Federal-Mogul Corporation (U.S.), Shandong BinzhouBohai Piston Co., Ltd. (China), Ming Shun Industrial Co. Ltd (Taiwan), Ross Racing Pistons (U.S.), Burgess-Norton Mfg. Co., Inc. (U.S.), and Shriram Pistons and Rings Ltd. (India).
Industry News
In April 2018, IAV Automotive Engineering, an engineering company in the automotive industry, is piloting the development of 3D-printing metallic pistons. The process will make pistons lighter, faster to manufacture and more resistant to high temperatures.
In May 2018, Federal-Mogul Powertrain, a leading global supplier of engine components, has announced the launch of a new piston ring to be used in commercial vehicle diesel engines. It will be able to enhance gas sealing capability by homogenizing oil film and stabilizing ring dynamic motion.
In September 2018, Freudenberg Sealing Tech, the leading specialist in sealing applications, has come up with plastic pistons for making installation of smaller hydraulic systems feasible and energy-efficient.
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