Automotive Piston System Market

Automotive Piston System Market Overview

The automotive piston system market was worth US$ 3,880.91 Million in 2021 and is expected to be worth US$ 4,080.95 Million in 2022. Furthermore, the market is poised to reach US$ 6,415.14 Million by 2032, growing at a CAGR of 4.6% from 2022 to 2032.

The growing demand for automobiles, particularly in emerging economies, is expected to drive the global Automotive Piston Systems Market over the next decade. Because a piston is an essential component of an internal combustion engine, the demand for pistons is inextricably linked to automobile production.

Because of ongoing developments, the automobile industry is experiencing increased demand for lightweight pistons, which is expected to drive the global automotive piston system market.

Which are Some Prominent Drivers Spearheading Automotive piston system Market Growth?

The global automotive piston system market is expected to grow as automobile sales in various segments such as two-wheelers, four-wheelers, and other automobile segments increase. With rising automobile demand, particularly in the two-wheeler segment in emerging economies such as India, demand for pistons is expected to rise even more, positively impacting the global automotive piston system market.

Furthermore, the two-wheeler industry is increasingly favoring double-cylinder engines over traditional single-cylinder engines, particularly in the high-end bike segment. Because a double engine cylinder requires two pistons as opposed to a single cylinder, which requires only one piston, the global automotive piston system market is expected to grow in tandem with the increased production of high-end motorcycles. In the coming years, demand for passenger cars, light, and heavy commercial vehicles is expected to contribute to the growth of the global automotive piston system market.

Furthermore, due to rising fuel costs around the world, the automobile industry is in a constant state of research and development in order to improve fuel efficiency. As a result, the global automotive piston system market is seeing an increase in demand for lightweight pistons.

What are the Challenges Faced by the Automotive Piston System Industry?

One of the major challenges for the global automotive piston market is the increasing penetration of electric vehicles, which do not use pistons. Another constraint in the global automotive piston system market is engine downsizing to reduce weight and increase fuel efficiency.

Automobile manufacturers have been able to downsize engines by reducing the number of cylinders while maintaining engine power by using technologies such as turbochargers.

Why is Asia-Pacific Emerging as an Opportunistic Automotive piston system Market?

During the forecast period, Asia Pacific is expected to hold the largest share of the automotive piston market. The highest market share in terms of vehicle production is attributed to the growth. This segment is dominated by affordable vehicles, the majority of which are hatchbacks, compact sedans, and compact SUVs. The majority of these vehicles are powered by a four-cylinder engine. Given these considerations, the passenger car segment is expected to have the highest demand for pistons in the coming years.

Nikhil Kaitwade

Principal Consultant

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How is Europe Contributing to the Growth of the Automotive Piston System Market?

Europe is home to major automotive assembly and production plants. In Europe, there are 297 vehicle assembly plants. The need for lightweight pistons to improve performance is the primary factor driving the growth of the European automotive piston market.

The European automotive piston market is expected to grow, at a CAGR of 5.4% from 2022 to 2032. Technological advancements in ICEs, such as intelligent combustion management systems and fuel efficiency improvements to achieve power advantages and lower emission levels, are emerging as new trends supporting the growth of the European automotive piston market.

Market Competition

Some of the key participants present in the global Automotive piston system market include MAHLE GmbH (Germany), Aisin Seiki Co., Ltd. (Japan), Rheinmetall Automotive AG (Germany), Tenneco Inc. (US), and Art Metal Mfg. Co. Ltd. (Japan). MAHLE GmbH adopted the strategies of new product development to retain its leading position in the automotive piston market.

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Automotive Piston System Market- Report Scope

Key Segments Covered in the Automotive Piston System Industry Report

Vehicle Type:

• Two Wheelers
• Passenger Cars
• LCV
• HCV

Piston Material:

• Aluminium
• Steel

Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• APEJ
• Japan
• Middle East & Africa