The Global Automotive Piston Market was valued at US$ XX billion in 2021 and is predictable to reach US$ XX billion by 2030 which is projected to attain a CAGR of XX % during the forecast period from 2021- 2030.
The automobile piston is a cylinder-shaped engine component that travels back and forth in the cylinder bore due to the force created by gas expansion during combustion. The piston system consists of the piston, piston rings, and piston pin; the generated force is transferred to the crankshaft via the connecting rod. The piston produces mechanical energy, which accelerates the crankshaft movement, and powers the vehicle's wheels.
Increased vehicle sales and production, the need for lightweight pistons to improve performance, and the preference for twin-cylinder engines in premium category bikes are all drivers driving the global automotive piston market.
Owing to increased demand for automobiles and their manufacturing, the need for pistons is expanding tremendously which aids to fulfil the automotive manufacturing piston demand. The lightweight piston is ideal for increasing the engine's efficiency which is anticipated to aid the global automotive piston market growth for continual engine development. During the forecast period. Furthermore, automobile sales in various divisions, such as four-wheelers and two-wheelers, are increasing and are likely to propel the global automotive piston market forward. In addition, premium category bikes choose double cylinder engines over single-cylinder engines which are further expected to boost the market expansion in the upcoming years.
The rising demand for light and heavy commercial vehicles, as well as passenger cars, is predicted to propel the global automotive piston market ahead. Continuous R&D in the automotive sector to increase engine fuel efficiency could propel the global automotive piston market in the forecast period.
However, technological breakthroughs in downsizing automobile engines and increased electric car penetration are impeding the global market's growth. However, the increased wear and tear of engine components owing to the more operating duration of the vehicles is expected to provide lucrative opportunities for the global automotive piston market in the upcoming years.
The automotive piston market is projected to be dominated by flat-top pistons. The flat-top piston has the advantage of having a smaller surface area, which allows the flame front to disseminate uniformly, making it more suitable for gasoline engines. Flat-top pistons have a simple design that lowers production costs. These pistons are also better suitable for mass-produced engines due to their high compression ratio.
The Asia Pacific region is expected to deliver the highest share of the automotive piston market owing to the highest market share in terms of car production. The majority of the vehicles in this segment are hatchbacks, compact sedans, and compact SUVs. The majority of these vehicles have a four-cylinder engine. Because of these considerations, the passenger car category is expected to have the biggest demand for pistons in the future.
Segmentation and Scope of the Global Automotive Piston Market
By Piston Coating
Rest of World
Middle East & Africa
Prominent players in the Global Automotive Piston Market among other includes