Automotive Piston Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast | Growth Market Reports

The global automotive piston market size is anticipated to expand at a significant CAGR during the forecast period, from 2020 to 2027, owing to growing demand and production for passenger vehicles across several countries. A piston is considered as one of the most vital components of an automobile engine. A piston is a cylindrical component that moves a pressure-tight chamber or tube up and down. The movement of the piston pressurizes a fluid, either liquid or gas to produce or transfer movement. The piston operation is broken up into phases known as strokes. The position of the piston, which determines the top, center, and bottom parts of the cylinder indicates a piston stroke.

Market Trends, Drivers, Restraints, and Opportunities:

• Increasing demand for lightweight pistons clubbed with rising demand for passenger car gasoline engines is a major factor resulting in the expansion of the global automotive piston market.

• Tendency towards double cylinder engines premium segments motorbikes is another major factor driving the market growth.

• Rising preference towards electric vehicles is a key factor hindering the growth of the global market.

• Introduction of advanced manufacturing processes along with the usage of alternative materials is creating several growth opportunities for automotive pistons.

• Additionally, extreme wear and tear of vehicle engines is another factor, which is expected to create various growth opportunities in the global market.

Get Exclusive Sample Report Automotive Piston Market : https://growthmarketreports.com/request-sample/201

Automotive Piston Market Segment Insights:

Attributes associated with aluminum based automotive piston to drive segment growth

Based on materials, the automotive piston market has been bifurcated into aluminum and steel. The aluminum segment is estimated to hold significant share of the global market and is anticipated to grow at a swift pace due to the lightweight attributes provided by the material. Additionally, aluminum efficiently manages the heat of combustion and can be easily mass produced.

Increasing demand for diesel-based commercial vehicles is estimated to drive segment growth

On the basis of fuel, the market has been segmented into gasoline, diesel, and alternate fuel. The diesel segment is estimated to hold a substantial share and is anticipated to expand at considerable pace owing to the increase usage of diesel based commercial vehicles.

Growing adoption of crosshead automotive piston over trunk piston fuels the growth of the crosshead piston segment

In terms of piston types, the market has been categorized as trunk piston, crosshead piston, slipper piston, deflector piston, and racing piston. The crosshead piston segment is estimated to expand at a significant growth rate majorly due to its advantages over the trunk pistons as its lubricating oil is not subject to the heat of combustion.

Rising demand for personal transport vehicles to drive the automotive pistons for passenger vehicles growth

Based on vehicle types, the market has been classified into passenger vehicle, light commercial vehicle, and heavy commercial vehicle. The passenger vehicle segment is anticipated to grow at a substantial CAGR owing to increase in demand for personal transport vehicles in several countries such as China, the US, Japan, Germany, and Russia. This is expected to boost the demand for automotive piston for passenger vehicles.

Regional Outlook

In terms of regions, the global automotive piston market has been classified as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific held a large share of the market and this trend is anticipated to continue during the forecast period owing to the large presence of automotive components manufacturers in the region. Additionally, increasing sales of passenger as well as commercial vehicles in the region is further expected to boost the growth of the market in the region. However, the market in North America is projected to expand at a considerable growth rate due to the use of advanced technologies in the region for automotive components. Moreover, initiatives taken by major auto manufacturers seeking to increase their presence in the region is a major factor fueling the growth of the market in the region.

For Any Questions On This Report, Please Visit: https://growthmarketreports.com/enquiry-before-buying/201

Competitive Landscape

Key participants in the global automotive piston market include Aisin-Seiki Co. Ltd., Arias Piston, Art Metal Mfg. Co., Ltd., Capricorn Automotive, Federal-Mogul Corporation, Hitachi Ltd., Indian Piston Limited, KSPG AG, Mahle GmbH, PMG Holding Gmbh, Rheinmetall Ag, Riken Corporation, Ross Racing Piston, Shriram Piston and Rings, and Tenneco Inc.They engage in strategies such as mergers & acquisitions, collaborations agreements, and partnerships. Some of the key participants are adopting innovative methods for product launches to strengthen their geographical presence.

About Growth Market Reports:

GMR provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Industry Intelligence Solutions”. GMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. Our key analysis segments, though not restricted to the same, include market entry strategies, market size estimations, market trend analysis, market opportunity analysis, market threat analysis, market growth/fall forecasting, primary interviews, secondary research & consumer surveys.

Contact:

Growth Market Reports

Phone: +1 909 414 1393

Email: [email protected]

Web: https://growthmarketreports.com

Follow Us: LinkedIn | Twitter