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Global Automotive Piston Market to Grow at a CAGR of 4% During 2021-2026, Aided by the Rising Demand for Lightweight Automotive Parts

According to a new report by EMR titled, ‘Global Automotive Piston Market Report and Forecast 2021-2026’, the global market for automotive piston attained a value of about USD 4.6  in 2020. The industry is further expected to grow at a CAGR of 4% in the forecast period of 2021-2026.

The global market growth of automobile piston is being driven by the rising trend of adopting lightweight engines. The rising support by the governments for the production as well as use of lighter automobile engines, which are fuel efficient as well as eco-friendly due to rising environmental concerns is boosting the growth of the industry. Automobile pistons are lightweight and also cause less environmental damage, thus, their demand is rising. The market growth is expected to be positively affected by economic reforms in developed countries, expansion in the global automotive industry, and the growing private equity investment in the manufacturing of automotive piston systems globally.

The global market growth of automobile piston is also being aided by the rising competition among the key players. Tenneco Inc (NYSE: TEN) is one of the leading key players in the global market. The company was recognised by General Motors as the 2020 supplier of the year and has been variously awarded for its innovative piston technologies like DuraForm-G91® piston alloy, High Modulus Bonded Piston technology,  EcoTough®-coated piston, Goetze® Diamond Coating (GDC®) for piston rings, Monosteel® diesel piston, Two-Dimensional Ultrasonic Testing for Raised Gallery Pistons, and DuraBowl® piston reinforcement process by the Automotive News PACE Award. Such recognitions are expected to strengthen the company position in the market.

Market Analysis by Component, Material Type, Piston Type, Shape, Coating Type, Fuel Type, Vehicle Type, and Regions:

  • The components of automotive piston can be divided into piston head, piston ring, and piston pin, among others.
  • The material types of automotive piston in the market can be divided into steel and aluminium.
  • The piston types in the market can be categorised into trunk piston, crosshead piston, slipper piston, and deflector piston.
  • The shapes of automotive piston can be divided into flat-top piston, bowl piston, and dome piston.
  • The coating types available in the market include thermal barrier coating piston, dry film lubricating coating piston, and oil shedding coating piston.
  • The fuel types in the market comprise of gasoline, diesel, and alternate fuel.
  • The vehicle type considered in the market include two-wheeler, passenger vehicle, commercial vehicle, light commercial vehicle, and high commercial vehicle.
  • The regional markets for automotive piston include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The rapid growth of the automotive industry is driving the growth of the market.
  • Rising disposable incomes of the consumers are driving the demand for automobiles, thus, boosting the production of automotive piston as well.
  • The rising demand for both two wheelers and three wheelers is further driving the growth of the market.
  • The rising population is also aiding the growth of the automotive sector, thus, driving the automotive piston industry growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for automotive piston for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the components, material types, piston types, shapes, coating types, fuel types, vehicle types, and major regions of automotive piston.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global automotive piston 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. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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