Piston Global Market Report 2024

Description

A piston is a cylindrical component found in engines and other machinery that moves back and forth within a chamber. Its main role is to transfer force from expanding gases or fluids to a mechanical system. Pistons are essential in many engines and hydraulic systems, and their design and materials are critical for efficient operation and longevity.

The primary types of pistons include trunk pistons, crosshead pistons, slipper pistons, and deflector pistons. Trunk pistons are long, single-piece pistons typically used in medium-speed engines, such as those in commercial vehicles and stationary power plants. They are made from both steel and aluminum and feature various coatings, including thermal barrier coatings, dry film lubricating coatings, and oil-shedding coatings. These pistons are used in automotive, marine, aerospace, industrial machinery, power generation, and construction equipment.

The piston market research report is one of a series of new reports from The Business Research Company that provides piston market statistics, including piston industry global market size, regional shares, competitors with a piston market share, detailed piston market segments, market trends and opportunities, and any further data you may need to thrive in the piston industry. This piston market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The piston market size has grown strongly in recent years. It will grow from $3.40 billion in 2023 to $3.57 billion in 2024 at a compound annual growth rate (CAGR) of 5.2%. The growth during the historic period can be attributed to advancements in automation, economic expansion in emerging markets, increased urbanization, growth in the agricultural sector, and a rise in construction activities.

The piston market size is expected to see strong growth in the next few years. It will grow to $4.44 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The anticipated growth during the forecast period can be attributed to increased automotive production, stricter emission regulations, higher demand for replacement pistons, a rise in the demand for performance vehicles, and the expansion of the aerospace industry. Key trends for this period include the development of lightweight materials, advancements in hybrid engine technologies, improvements in manufacturing processes, a shift towards engine downsizing, and increased investment in infrastructure projects.

The increasing production and sales of vehicles are anticipated to drive the growth of the piston market. Vehicles, which are designed to transport people or goods from one location to another and are typically powered by an engine or motor, require pistons to convert fuel combustion energy into mechanical motion that powers the engine. This growth in vehicle production and sales is driven by rising consumer demand for mobility, advancements in automotive technology, and economic growth that boosts disposable incomes. For example, in March 2024, a report by the Society of Motor Manufacturers and Traders, a UK-based trade association, indicated, that UK car production rose by 14.6% in February 2024, totaling 79,907 units. Consequently, the increased production and sale of vehicles are fueling the expansion of the piston market.

Leading companies in the piston market are focusing on developing innovative products, such as additively manufactured car engine pistons, which aim to reduce weight and optimize material use for enhanced engine performance. Additively manufactured (AM) car engine pistons are produced using 3D printing technologies rather than traditional methods. For example, in May 2022, XJet Ltd., an Israel-based provider of 3D printing solutions for metal and ceramics, introduced a ceramic additively manufactured car engine piston for Spyros Panopoulos Automotive (SPA). This piston features a cutting-edge design tailored for additive manufacturing, allowing customization based on the forces it endures. By reducing unnecessary material and reinforcing critical areas, the piston achieves an optimal balance of weight, strength, and temperature resistance. This results in a complex, lightweight, and robust structure essential for the high-performance engine of the Chaos Ultracar.

In January 2023, Koncentra Verkstads AB (KVAB), a Sweden-based manufacturing group, acquired Rheinmetall's Large-Bore Pistons Production for an undisclosed amount. This acquisition enables KVAB to retain the skilled workforce of the acquired entity and is seen as a strategic long-term investment. Rheinmetall AG, a Germany-based manufacturer, was the previous owner of the pistons production facility.

Major companies operating in the piston market are Guangzhou Automobile Group Co. Ltd., PT Astra Otoparts Tbk, Mahle GmbH, Yoosung Enterprise Co. Ltd., KSPG Automotive Brazil, Cosworth Ltd., Shriram Pistons & Rings Ltd., Menon Pistons Ltd., Yuhuan HUIYU Tappet Co. Ltd., CP-Carrillo Inc., Elgin Industries Inc., Wiseco Inc., Teksid S.p.A., JE Pistons Inc., Federal-Mogul Corporation, Honda Foundry Co. Ltd., India Pistons Limited, Diamond Pistons Inc., Ross Racing Pistons Co., Arias Pistons Ltd., ART Metal Mfg. Co. Ltd., Capricorn Automotive Ltd., CP Pistons, Meteor Piston S.r.l., Wossner Pistons Inc.

North America was the largest region in the piston market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the piston market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the piston market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The piston market consists of sales of diesel engine pistons, pneumatic pistons, hydraulic pistons and high-performance racing pistons Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Piston Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on piston market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for piston ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The piston market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:1) By Piston Type: Trunk Piston; Crosshead Piston; Slipper Piston; Deflector Piston
2) By Material Type: Steel; Aluminum
3) By Piston Coating Type: Thermal Barrier Coating Piston; Dry Film Lubricating Coating Piston; Oil Shedding Coating Piston
4) By Application: Automotive; Marine; Aerospace; Industrial Machinery; Power Generation; Construction Equipment
Companies Mentioned: Guangzhou Automobile Group Co. Ltd.; PT Astra Otoparts Tbk; Mahle GmbH; Yoosung Enterprise Co. Ltd.; KSPG Automotive Brazil
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Product Code: r20811

1. Executive Summary

2. Piston Market Characteristics

3. Piston Market Trends And Strategies

4. Piston Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Piston Market Size and Growth

5.1. Global Piston Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Piston Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Piston Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Piston Market Segmentation

6.1. Global Piston Market, Segmentation By Piston Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Trunk Piston
Crosshead Piston
Slipper Piston
Deflector Piston
6.2. Global Piston Market, Segmentation By Material Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Steel
Aluminum
6.3. Global Piston Market, Segmentation By Piston Coating Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Thermal Barrier Coating Piston
Dry Film Lubricating Coating Piston
Oil Shedding Coating Piston
6.4. Global Piston Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Automotive
Marine
Aerospace
Industrial Machinery
Power Generation
Construction Equipment

7. Piston Market Regional And Country Analysis

7.1. Global Piston Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Piston Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Piston Market

8.1. Asia-Pacific Piston Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Piston Market, Segmentation By Piston Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Piston Market, Segmentation By Material Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Piston Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Piston Market

9.1. China Piston Market Overview
9.2. China Piston Market, Segmentation By Piston Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Piston Market, Segmentation By Material Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Piston Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Piston Market

10.1. India Piston Market, Segmentation By Piston Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Piston Market, Segmentation By Material Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Piston Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Piston Market

11.1. Japan Piston Market Overview
11.2. Japan Piston Market, Segmentation By Piston Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Piston Market, Segmentation By Material Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Piston Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Piston Market

12.1. Australia Piston Market, Segmentation By Piston Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Piston Market, Segmentation By Material Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Piston Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Piston Market

13.1. Indonesia Piston Market, Segmentation By Piston Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Piston Market, Segmentation By Material Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Piston Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Piston Market

14.1. South Korea Piston Market Overview
14.2. South Korea Piston Market, Segmentation By Piston Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Piston Market, Segmentation By Material Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Piston Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Piston Market

15.1. Western Europe Piston Market Overview
15.2. Western Europe Piston Market, Segmentation By Piston Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Piston Market, Segmentation By Material Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Piston Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Piston Market

16.1. UK Piston Market, Segmentation By Piston Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Piston Market, Segmentation By Material Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Piston Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Piston Market

17.1. Germany Piston Market, Segmentation By Piston Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Piston Market, Segmentation By Material Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Piston Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Piston Market

18.1. France Piston Market, Segmentation By Piston Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Piston Market, Segmentation By Material Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Piston Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Piston Market

19.1. Italy Piston Market, Segmentation By Piston Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Piston Market, Segmentation By Material Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Piston Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Piston Market

20.1. Spain Piston Market, Segmentation By Piston Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Piston Market, Segmentation By Material Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Piston Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Piston Market

21.1. Eastern Europe Piston Market Overview
21.2. Eastern Europe Piston Market, Segmentation By Piston Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Piston Market, Segmentation By Material Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Piston Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Piston Market

22.1. Russia Piston Market, Segmentation By Piston Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Piston Market, Segmentation By Material Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Piston Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Piston Market

23.1. North America Piston Market Overview
23.2. North America Piston Market, Segmentation By Piston Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Piston Market, Segmentation By Material Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Piston Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Piston Market

24.1. USA Piston Market Overview
24.2. USA Piston Market, Segmentation By Piston Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Piston Market, Segmentation By Material Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Piston Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Piston Market

25.1. Canada Piston Market Overview
25.2. Canada Piston Market, Segmentation By Piston Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Piston Market, Segmentation By Material Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Piston Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Piston Market

26.1. South America Piston Market Overview
26.2. South America Piston Market, Segmentation By Piston Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Piston Market, Segmentation By Material Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Piston Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Piston Market

27.1. Brazil Piston Market, Segmentation By Piston Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Piston Market, Segmentation By Material Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Piston Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Piston Market

28.1. Middle East Piston Market Overview
28.2. Middle East Piston Market, Segmentation By Piston Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Piston Market, Segmentation By Material Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Piston Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Piston Market

29.1. Africa Piston Market Overview
29.2. Africa Piston Market, Segmentation By Piston Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Piston Market, Segmentation By Material Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Piston Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Piston Market Competitive Landscape And Company Profiles

30.1. Piston Market Competitive Landscape
30.2. Piston Market Company Profiles
- 30.2.1. Guangzhou Automobile Group Co. Ltd.
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. PT Astra Otoparts Tbk
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Mahle GmbH
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Yoosung Enterprise Co. Ltd.
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. KSPG Automotive Brazil
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Piston Market Other Major And Innovative Companies

31.1. Cosworth Ltd.
31.2. Shriram Pistons & Rings Ltd.
31.3. Menon Pistons Ltd.
31.4. Yuhuan HUIYU Tappet Co. Ltd.
31.5. CP-Carrillo Inc.
31.6. Elgin Industries Inc.
31.7. Wiseco Inc.
31.8. Teksid S.p.A.
31.9. JE Pistons Inc.
31.10. Federal-Mogul Corporation
31.11. Honda Foundry Co. Ltd.
31.12. India Pistons Limited
31.13. Diamond Pistons Inc.
31.14. Ross Racing Pistons Co.
31.15. Arias Pistons Ltd.

32. Global Piston Market Competitive Benchmarking

33. Global Piston Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Piston Market

35. Piston Market Future Outlook and Potential Analysis

35.1 Piston Market In 2028 - Countries Offering Most New Opportunities
35.2 Piston Market In 2028 - Segments Offering Most New Opportunities
35.3 Piston Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer