Automotive Piston System Market is valued at USD 2.47 Billion in 2021 and expected to reach USD 3.38 Billion by 2028 with the CAGR of 4.58% over the forecast period.
Automotive Piston System Marketreport published by the Brandessence Market Research and Consulting Pvt. Ltd. provides the detail information about Automotive Piston System market from various aspects. This report consists of drivers, challenges and opportunities which help the market to grow over the analysis period and recent trends which supports the growth of market. This report consists of regional segmentation with product type and applications.
The Automotive piston system is mainly based on the piston which is an essential part of combustion engine of a vehicle and its demand is directly proportional to the demand of automobiles. The piston is used to transfer the force that is created from compressed gas in the cylinder to the crankshaft which in turn powers the vehicle to move. It is situated in the cylinder and moves according to the force of compressed gas and this gas is created in the cylinder due to ignition of fuel. It consists of piston ring which restricts the leakage of gas. It is one of the main components which works in an engine to produce power for the vehicle to move. Increasing use of double cylinder engines instead of single cylinder in two wheelers is responsible for this market to grow further particularly in the high-end bike segments in forecast period. The two-cylinder engine use two pistons comparing to the single cylinder where only one piston is used.
One of the driving factors of automotive piston system market is the growing sale of various vehicles like two wheelers, four wheelers etc. in developing countries like India, China, Brazil, South Africa. The demand of vehicles automatically increases the demand of more efficient piston which in turn drives this market. Also, due to increase in fuel cost, the automobile sector is in constant research of efficient fuel consumption, which in turn demands the piston market to produce more light weighted pistons. Increasing interest on electric vehicle, search for clear energy, concern of environmental pollution due to gas emission and search for alternative of piston are the road blocks of this market. Another restraint is downsizing the engine by using turbocharger instead of piston.
Top Key Players in Automotive Piston System Market are like,
• Rest of Europe
• South Korea
• Rest Of APAC
• Rest of South America
• Saudi Arabia
• South Africa
• Rest Of MEA
|Historical data||2016 - 2021|
|Forecast Period||2022 - 2029|
|Market Size in 2021:||USD 2.47 Billion|
|Base year considered||2021|
|Forecast Period CAGR %:||4.58%|
|Market Size Expected in 2028:||USD 3.38 Billion|
|Tables, Charts & Figures:||175|
|key players / Manufacturers||Rheinmetall AG, Mahle GmbH, Federal-Mogul Corporation, Hitachi Ltd., Capricorn Automotive, Day Piston, Celina Aluminum Precision Technology, Tenneco Inc., QUFU JINHUANG PISTON CO.,LTD, RIKEN Corporation, Binzhou Bohai Piston Co., Ltd., Ross Racing Piston, Arias Piston, and others|
|Segments Covered||By Material, By Type, By Coating, By Vehicles Type|
|Regional Analysis||North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa|