The automotive piston global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Automotive Piston Market, 2024 report by The Business Research Company offers
comprehensive insights into the current state of the market and highlights
future growth opportunities.
Market Size -
The automotive piston market size has grown strongly in recent years. It will
grow from $4.02 billion in 2023 to $4.25 billion in 2024 at a compound annual
growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed
to increased vehicle production, the expansion of the automotive industry,
rising globalization, the rise of electric vehicles, and demand for hybrid
vehicles.
The automotive piston market size is expected to see strong growth in the next
few years. It will grow to $5.36 billion in 2028 at a compound annual growth
rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to
increasing connected and autonomous vehicles, increased demand for passenger
car gasoline engines, increased focus on fuel efficiency, growing demand for
commercial vehicles, and growing demand for diesel engines. Major trends in the
forecast period include advances in manufacturing technologies, advancements in
internal combustion engine technology, integration of sensors and smart
technologies, innovations in coatings and surface treatments, and automation
and precision manufacturing.
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Scope Of Automotive Piston Market
The Business Research Company's reports encompass a wide range of information,
including:
1. Market Size (Historic and Forecast): Analysis of the market's historical
performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market
landscape.
4. Key Segments: Breakdown of the market into its primary segments and their
respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and
geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting
the market.
Automotive Piston Market Overview
Market Drivers -
The growing vehicle production is expected to propel the growth of the
automotive piston market going forward. Vehicle production is growing due to
increasing global demand for automobiles driven by urbanization and the
expanding need for personal transportation. Automotive pistons are crucial for
vehicle engines as they convert the energy from fuel combustion into mechanical
motion, driving the crankshaft and ultimately powering the vehicle's movement.
For instance, in May 2023, according to the European Automobile Manufacturers
Association (ACEA), a Belgium-based trade association, 85.4 million motor
vehicles were produced globally in 2022, a 5.7% increase from 2021. Therefore,
growing vehicle production is driving the growth of the automotive piston
market.
Market Trends -
Major companies operating in the automotive piston market are developing
innovative hydrogen-fueled linear single-piston engines to enhance vehicle
performance, fuel efficiency, and emissions control. A hydrogen-fueled linear
single-piston engine is an internal combustion engine that uses hydrogen and
operates with a single piston moving in a linear (back-and-forth) motion. For
instance, in May 2021, Aquarius Engines, an Israel-based manufacturer and
distributor of linear internal combustion engines, launched a lightweight (10
kg) hydrogen-fueled linear single-piston engine that could serve as an
affordable, green and sustainable alternative to traditional combustion engines
and hydrogen fuel cells. The new Aquarius hydrogen engine is based on the
company's patented single-piston linear engine technology, operates exclusively
on hydrogen, and was designed to be used as an onboard power generator in
vehicles or as a standalone electricity generator. The engine's unique internal
gas exchange method and simple design, with just 20 components and one moving
part, make it highly efficient and low-maintenance compared to traditional
engines.
The automotive piston market covered in this report is segmented –
1) By Piston Type: Trunk Piston, Crosshead Piston, Slipper Piston, Deflector
Piston
2) By Component Type: Piston, Piston Rings, Piston Pin
3) By Coating Type: Oil Shedding, Dry Film Lubrication, Thermal Barrier
4) By Vehicle: Commercial Vehicle, Heavy Commercial Vehicle, Light Commercial
Vehicle, Passenger Vehicle, Two-Wheeler
5) By Distribution Channel: Original Equipment Manufacturer (OEM), Aftermarket
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Regional Insights -
Asia-Pacific was the largest region in the automotive piston market in 2023.
Asia-Pacific is expected to be the fastest-growing region in the forecast
period. The regions covered in the automotive piston market report are
Asia-Pacific, Western Europe, Eastern Europe, North America, South America,
Middle East, Africa.
Key Companies -
Major companies operating in the automotive piston market are General Motors
Company, Hitachi Ltd., Continental AG, Mitsubishi Heavy Industries Ltd, Toyota
Industries Corporation, Tenneco Inc., Yamaha Motor Co. Ltd., Mahle GmbH,
Rheinmetall Automotive AG, TPR Co. Ltd, PT Astra Otoparts Tbk, Riken
Corporation, ZYNP Corporation, Shriram Pistons and Rings Ltd., Cosworth Group
Holdings Ltd., Federal-Mogul Corporation, Elgin Industries, Wiseco Piston Inc,
CP Pistons Carrillo Industries Inc, Hastings Manufacturing Company, J&E
Pistons Manufacturing Inc., United Engine & Machine Co. Inc., Wossner GmbH,
Honda Foundry Co. Ltd, Ross Racing Piston
Table of Contents
1. Executive Summary
2. Automotive Piston Market Report Structure
3. Automotive Piston Market Trends And Strategies
4. Automotive Piston Market – Macro Economic Scenario
5. Automotive Piston Market Size And Growth
…..
27. Automotive Piston Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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