The global automotive piston pins market is anticipated to grow at a 4.5% CAGR during the forecast period 2021-2027. The piston is the most important component in any vehicle's internal combustion engine (ICE). The increased production and sales of ICE vehicles, mounting demand for high performance and premium vehicles, development of technology about the cooling efficiency of pistons will drive the growth of the automotive piston pins market. Nevertheless, the increased demand in CNG, LPG, and plug-in hybrid vehicles along with the adoption of composites to decrease weigh of piston pins and increased wear and tear in piston components will offer opportunities in the automotive piston pins market.

The COVID-19 outbreak has had an adverse impact on the automotive piston pin market owing to a halt in the production and sale of new vehicles. The automotive industry is a capital-intensive industry that requires investment on a regular basis to stay afloat.As a result, the production halt during the pandemic and lower demand afterward will have an intense effect on piston pin suppliers.

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Based on fuel type, the gasoline segment is anticipated to witness the largest share during the forecast period in the automotive piston pins market owing to the increased prominence over diesel engines and stringent emission standards globally. Moreover, vehicles having gasoline engines have more life than vehicles with diesel engines. Furthermore, gasoline engine has less maintenance expense as compared to diesel engines and requires minimal replacement of components.

Asia-Pacific dominates the automotive piston pins market owing to the rising production and sales of vehicles in the region. Countries like India, China, and Japan are using developed technologies to innovate fuel-efficient and lightweight vehicles, thereby bolstering the growth of the automotive piston pins market in the region.
In February 2021, Cosworth, a global technology business, has expanded its line of pistons through a partnership with Materion, an advanced materials supplier, in which Cosworth will manufacture and machine Metal Matrix Composite (MMC) pistons for the automotive sector.

The prominent players in the automotive piston pins industry include Art Metal Mfg., Ltd., Art-Serina, Avon Industrial Corporation, Bohai Automotive Systems, Burgess Norton, Capricorn, Coker Engineering Ltd., Cosworth, CP Carrillo, Inc., Dong Yang Piston, Elgin Industries, JE Pistons, Mahle GmbH, Menon Piston, Ming Shun Industrial Co., Ltd., Prabhat Engineering Corporation, Rheinmetall Automotive AG, Ross Racing Pistons, Samkrg Pistons and Rings Limited, Shriram Pistons & Rings Ltd., Tenneco, Wiseco.