Global Automotive Piston Market size was valued at US$ XX Bn. in 2019 and the total revenue is expected to grow at 3.12% from 2019 to 2027, reaching nearly US$ XX Bn.
The report study has analyzed the revenue impact of the COVID -19 pandemic on the sales revenue of market leaders, market followers, and market disrupters in the report, and the same is reflected in our analysis.
Global Automotive Piston Market: Market Overview
The automotive piston is an integral part of a vehicle engine system. It is located in the cylinder block of an engine and the energy of an engine is stored in the piston. The size of the piston depends on the bore of the cylinder. The main function of the vehicle is to generate mechanical energy and transferred to the crankshaft and by the movement of crankshaft, the wheels of the vehicles run.
Various automotive giants are focusing on their business strategy, recently MAHLE Group has acquired complete shares in Behr Hella Service GmbH. This acquisition will further strengthen their position in thermal management.
Global Automotive Piston Market: Market Dynamics
The growing focus of automotive manufacturers on designing of light weight piston with optimum efficiency to improve performance of engine. A significant growth of automotive industry due to globalization, the manufacturers are focused on providing more comfort and reduce fuel consumption are the major factors which drives the growth of this market. In addition, rise in the sales of two wheelers and passenger vehicles due to rapid enhancement of globalization and urbanization. Besides, the rise in standard of living of people and the power of spending increases in the developing nations which are some of the major factors that work as driver of the global automotive piston market during the forecast period.
Rising trend of electric vehicles, the preference of customers toward zero emission vehicles are the major factors that work as restrain of the market during the forecast period. The adverse effect of pandemic COVID-19 on world economy, also reduces the demand for automobile vehicles. Government of many countries are banning the diesel fueled based engine for the carbon emission concern which are the major factors that hamper the growth of the market over the estimated years.
Global Automotive Piston Market: Market Segmentation
The global Automotive Piston market is segmented by Piston type, by Vehicle type, by Material, and by region. The aluminum segment of material is expected to increase the growth of the market, due to its high demand for piston manufacture as it has many advantages such as light in weight, high strength, which increases overall performance of the engine. The diesel piston segment is dominating the automobile piston market due to sales of large number of diesel vehicles. However, the government of several nations banned diesel engine in concern with emission norms. Rise in population of emerging nations like India and China, increases the sales of two wheeler and passenger vehicle, so the passenger vehicle segment of vehicle type is subjected to the highest growth rate during the forecast period.
Global Automotive Piston Market: Regional Analysis
Asia Pacific is dominating the global automotive piston market due to major sales of automotive. Increase in the number of automotive manufacturing industries, entry of foreign automaker in emerging nations such as India and China are driving the automotive piston market during the forecast period. Besides, the high production of passenger vehicles in this region and rapid expansion of automotive industry in countries including South Korea, China and India is likely to drive the market. OEMs are planning to increase their production volume with adoption of advanced technology in this region.
The objective of the report is to present a comprehensive analysis of the Global Automotive Piston Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the Global Automotive Piston Market dynamics, structure by analysing the market segments and projects the Global Automotive Piston Market size. Clear representation of competitive analysis of key players by Material, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Automotive Piston Market make the report investor’s guide.
Scope of the Global Automotive Piston Market:
Global Automotive Piston Market, by Piston type
• Gasoline piston
• Diesel piston
• Forged piston
Global Automotive Piston Market, by Vehicle type
• Two wheeler
• Commercial Vehicle
• Passenger Vehicle
Global Automotive Piston Market, by Material
Global Automotive Piston Market, by Region
• Asia Pacific
Rest of Asia
• North America
Rest of Europe
• South America
Rest of South America
• Middle East & Africa
Rest of MEA
Global Automotive Piston Market, Key Players
• Mahle GmbH
• Rheinmetall AG
• Aisin-Seiki Co. Ltd.
• Federal-Mogul Corporation
• Hitachi Automotive Systems
• KSPG AG
• Shriram Piston and Rings
• Capricorn Automotive
• Ross Racing Piston
• Indian Piston Limited
• Arias Piston
• Rheinmetall Automotive AG
• Tenneco Inc.
• Art Metal Mfg. Co. Ltd.
• Abilities India Pistons & Rings Ltd.
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