PUBLISHER: IMARC | PRODUCT CODE: 1423196
PUBLISHER: IMARC | PRODUCT CODE: 1423196
The global automotive piston market size reached US$ 4.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 5.5 Billion by 2032, exhibiting a growth rate (CAGR) of 2.6% during 2024-2032.
A piston is a vital component of both internal and external combustion engine which works by generating mechanical energy and providing necessary force to a vehicle for running on the road. It helps in transferring the force from expanding gas in the cylinder to the crankshaft via a piston rod or connecting rod. It is used for forming a sliding gas and oil tight seal in a cylinder, transmitting the gas load to the small end of the connecting rod, and acting as a bearing for the gudgeon pin. The design of a piston is based on a conciliation between strength, weight, and thermal expansion control.
Due to growing population and rising disposable incomes, consumers are now spending more on their personal vehicles. This has increased the overall production of automobiles which, in turn, is strengthening the growth of the automotive piston market. Apart from this, automobile piston production is also influenced by the emerging trend of high-end bikes. These bikes have double cylinders, requiring two pistons each, which is further augmenting the demand for automotive pistons across the globe. Other growth-inducing factors include constant innovations in technology, and growing demand for heavy and light commercial vehicles.
IMARC Group provides an analysis of the key trends in each sub-segment of the global automotive piston market report, along with forecasts at the global and regional level from 2024-2032. Our report has categorized the market based on material type, vehicle type, piston coating type, piston type and distribution channel.
Aluminum
Steel
On the basis of material type, the market has been segmented into aluminum and steel automotive pistons.
Passenger Cars
LCV
HCV
Based on vehicle type, the market has been segregated into passenger cars, LCV and HCV. Amongst these, passenger cars account for majority of the total global market.
Thermal Barrier Piston Coating
Dry Film Lubricant Piston Coating
Oil Shedding Piston Coating
On the basis of piston coating type, the market has been divided into thermal barrier piston coating, dry film lubricant piston coating, and oil shedding piston coating.
Trunk Piston
Crosshead Piston
Slipper Piston
Deflector Piston
Based on piston type, the automotive piston market has been classified into trunk, crosshead, slipper and deflector pistons.
OEM
Aftermarket
On the basis of distribution channel, the market has been segmented into OEM and aftermarket.
Asia Pacific
North America
Europe
Middle East and Africa
Latin America
Region-wise, the market has been divided into Asia Pacific, North America, Europe, Middle East and Africa, and Latin America. Presently, Asia Pacific accounts for majority of the market share.
The competitive landscape of the market has also been examined with some of the key players being MAHLE GmbH, Aisin-Seiki Co. Ltd., KSPG AG, Hitachi Automotive Systems, Federal-Mogul, India Pistons Limited, Arias Piston, Capricorn Automotive, Ross Racing Piston, and Shriram Pistons and Rings.