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The automotive piston market is anticipated to reach around USD 15,910 million by 2024 according to new research report

The automotive piston market is anticipated to reach around USD 15,910 million by 2024 according to new research report

Automotive piston market is expected to expand at a CAGR of 5.1% over the forecast period i.e. 2017-2024. As a piston is a main part of an internal combustion engine, the demand for pistons is directly coupled with the automobile production.

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An automotive piston is a cylindrical piece of metal that moves up and down inside the cylinder of an engine. It generates mechanical energy that provides necessary force to drive the shaft and run the wheels of the vehicles.

Piston system comprises of piston, piston rings, piston pins, hence this system transfers the generated power to the crankshaft through connecting rod.    

Market size and forecast

Owing to the continuous developments, the automobile segment is observing increased demand for lightweight pistons, which is expected to drive the growth for the global automotive piston market.

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Asia-Pacific is estimated to be the largest automotive piston market due to the fact that it is the dominating region in automotive industry as piston is an integral part of automotive industry. China and India are the major contributors in Asia-Pacific region.

China grabbed the largest revenue share in automotive piston market in the region, marked a market share of around 35% in the Asia-Pacific automotive piston market 2016. With the rise in manufacturing costs, existing piston manufactures in the US and Europe is shifting their operation to Asia-Pacific region due to low labor costs and easily accessibility of raw materials.

Report:

www.researchnester.com/sample-request/2/rep-id-302

Europe is the second largest market for the automotive piston in 2016. Europe is expected to perceive a moderate growth in the near future owing to high market saturation.

France, UK and Germany are expected to lead the overall demand for this regional automotive piston market. North America is also a major market for automotive piston owing to the increase in sales for light commercial vehicles.

Market Segmentation

Our in-depth analysis segmented the market in the following segments:

By Material

Steel

Aluminum

By Type

Trunk Piston

Crosshead Piston

Slipper Piston

Deflector Piston

By Coating

Thermal barrier Coating Piston

Dry Film Lubricating Coating Piston

Oil Shedding Coating Piston

By Vehicle

Two Wheeler

Three Wheeler

Four Wheeler

By Region

Global automotive piston market is further classified on the basis of region as follows:

North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis

Latin America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis

Western and Eastern Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Western Europe) Market size, Y-O-Y growth & Opportunity Analysis

Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia) Market size, Y-O-Y growth & Opportunity Analysis

Middle East and North Africa (MENA) Market Size and Y-O-Y Growth Analysis

Growth Drivers and Challenges

Increasing urbanization coupled with changing lifestyle of population are the factors for escalation in the demand for automobiles, especially two wheeler segments in emerging economies such as India which is anticipated to impel the demand for piston over the forecast period. Advancement in technology such as installation of cooling channels in piston is likely to be the dynamic factor behind the rapid growth of automotive piston market.

In addition, rise in demand for light weight piston developed from composite carbon, silicon and magnesium is expected to unfold various opportunities in this market in the coming few years.

Report: www.researchnester.com/toc-request/1/rep-id-302

However, the growth of this market is likely to be hindered by increasing penetration of electric vehicles, which do not use pistons. Further, the automotive industries are downsizing their engine for better fuel economy, as fuel rates are increasing globally.

Using technologies such as turbochargers, the automotive industry have been able to downsize their engines by reducing cylinders are believed to dampen the growth of global automotive piston market over the forecast period.

Key Players

The key players of automotive piston market are as follows:

Mahle  Gmbh

Aisin-Seiki Co. Ltd.

KSPG AG

Hitachi Automotive Systems

Federal-Mogul

Indian Piston Limited

Arias Piston

Capricorn Automotive

Ross Racing Piston

Scope and Context

Overview of the Parent Market

Analyst View

Segmentation

The global automotive piston market is segmented as follows:

By Material Market Size & Y-O-Y Growth Analysis

By Type Market Size & Y-O-Y Growth Analysis

By Coating Market Size & Y-O-Y Growth Analysis

By Vehicle Market Size & Y-O-Y Growth Analysis

By Region Market Size & Y-O-Y Growth Analysis

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

Report: www.researchnester.com/reports/aut…-outlook-2024/302

 

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