PUBLISHER: Grand View Research | PRODUCT CODE: 1553574
PUBLISHER: Grand View Research | PRODUCT CODE: 1553574
"2030 piston market value to reach USD 3.37 billion."
The global piston market size was estimated at USD 2.49 billion in 2023 and is estimated to grow at a CAGR of 4.5% from 2024 to 2030. The primary driver for the piston market is the escalating demand for fuel-efficient and high-performance engines. As automotive and industrial sectors strive to meet stricter emission regulations and enhance overall engine efficiency, there is a growing need for advanced piston technologies.
Innovations such as lightweight materials, improved designs, and enhanced durability are crucial in optimizing engine performance and reducing fuel consumption, thereby driving the market. This trend is further amplified by the increasing emphasis on sustainability and regulatory compliance across global markets.
Global Piston Market Report Segmentation
This report forecasts revenue growth at global, country, and regional levels and provides an analysis of the latest trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global piston market report on the basis of material, vehicle, component, and region.