MAHLE Group, Tenneco Inc., Aisin Seiki Co., Ltd., Hitachi Automotive Systems, Ltd., Rheinmetall Automotive AG, and Shriram Pistons and Rings Limited, among others, are the major players in the global market for automotive pistons.
As per the analysis by Expert Market Research, the global automotive piston market is expected to grow at a CAGR of 4% in the forecast period of 2022-2027, owing to the rising automobile industry.
Due to the exponential development in both the demand for and the manufacturing of automobiles, pistons are in increasingly high demand. Thus, the manufacturing of automobiles directly decides the demand for pistons. The lightweight piston is ideal for boosting an engine’s efficiency. As a result, the need for ongoing engine development drives the expansion of the global market.
Automobile sales are rising across a variety of segments, including two- and four-wheelers, and are anticipated to fuel the expansion of the global automotive piston market. Additionally, double-cylinder engines are preferred over traditional single-cylinder engines for premium segment bikes in the two-wheelers industry. As a result, it is anticipated that an increase in the manufacturing of premium category bikes will aid in the expansion of the global market.
The demand for light and heavy commercial vehicles, as well as passenger cars, is expected to increase, which would further support the expansion of the global industry. The growth of the automotive piston market is primarily driven by ongoing research and development activities in the automotive industry to improve the fuel efficiency of engines.
The leading regional market for automobile pistons globally is the Asia Pacific. The increased demand for affordable vehicles, mostly hatchbacks, compact sedans, and compact SUVs, is driving the industry in the area. These cars primarily have 4-cylinder engines. The market in the Asia Pacific region is expanding as a result of favourable government initiatives and increasing investments by major players in the automotive industry.
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As a pioneer and technology leader for the mobility of the future, MAHLE is a global leader, development partner, and supplier to the automobile industry. The technological group is currently well-positioned in the fields of thermal management and powertrain technology, with a strong focus on emerging issues in the field of mobility. As part of its dual strategy, MAHLE is working on technologies that will support the market adoption of fuel cells and e-mobility in addition to intelligent combustion engines for the use of hydrogen and other non-fossil fuels.
|Headquarters:||Illinois, United States|
For both original equipment and aftermarket clients, Tenneco is one of the top designers, makers, and marketers of automotive goods. The company is present in more than 270 sites. Their business has four main pillars: motor parts, clean air, powertrain, and performance solutions.
Aisin Seiki, a member of the Toyota group of companies, is a corporation that develops, produces, and sells systems and components for the automotive industry. Aisin Seiki strives to improve the environment, safety, comfort, and convenience through the creation of automotive components and products that are related to life and energy.
Hitachi Automotive Systems is a part of the Hitachi group companies, and is a leading manufacturer of efficient and low-footprint automotive components. It is an integrated service provider that is involved in the manufacturing, sales, and services of automotive components. Its portfolio has a wide range of products and technologies that include environmentally sustainable energy management systems, inverters, electric motors, and many more.
Rheinmetall is a global supplier of automotive components. It has expertise in air supply, emission control, and pump technologies. It is also a market leader in the development and production of pistons, engine blocks, and plain bearings, along with their spare parts.
Shriram Pistons and Rings Limited is the largest exporter of pistons and rings to customers including Renault, Kia, Honda, Ford and many more. The company also develops and manufactures products utilising latest technologies. It is a part of the Shriram Group, which is one of India’s oldest and most reputed industrial houses. Its portfolio includes pistons, piston pins, piston rings, and engine valves.
Also Read@ https://www.expertmarketresearch.com/pressrelease/global-automotive-piston-market
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.