According to Stratistics MRC, the Global Automotive Piston market is estimated at $3,606.77 million in 2016 and is expected to reach $6,073.97 million by 2023 growing at a CAGR of 7.7%.
Gaithersburg, Maryland, United States – January 3, 2018 —
Rising sales and vehicle production across the globe, increasing demand for light weight pistons and advancements in technologies are some of the factors driving the market. However, shifting focus towards electric vehicles is hampering the market. On the other hand manufacturing of low cost and high quality product is challenging factor for the market growth.
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By material, aluminum is most extensively used material for the manufacturing of automotive piston systems across the globe. These aluminum pistons are lighter in weight, low cost, and acceptable strength. Most automotive engines use aluminum pistons that move in an iron cylinder. Aluminum expands more than iron at this temperature range, so for the piston to fit the cylinder properly when at a normal operating temperature, the piston must have a loose fit when cold.
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Geographically, Asia Pacific is the most lucrative market owing to rise in number of vehicles in countries such as India, Japan and China. In addition presence of car manufacturers in China and increasing joint ventures with international brands contribute to the growth of the market in the region.
Some of the key players in the Automotive Piston market are Hitachi Ltd. (Hitachi Automotive Systems), Aisin Seiki Co., Ltd., Rheinmetall AG (KSPG AG), Arias Piston, Honda Foundry Co. Ltd., PT Astra Otoparts Tbk, Celina Aluminum Precision Technology, Mahle Group, Day Piston, Dongsuh Industrial Co., Ltd., Art Metal Mfg. Co., Ltd., Federal-Mogul Corporation, United Engine and Machine, KSPG AG, Shandong Binzhou Bohai Piston Co., Ltd., Ross Racing Piston, Capricorn Automotive, Shriram Piston and Rings and Indian Piston Limited.
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Coating Types Covered:
• Oil Shedding
• Dry Film Lubricants
• Thermal Barriers
• Cast Iron
• Other Materials
Vehicle Types Covered:
• Light commercial vehicles
• Two wheelers
• Heavy commercial vehicles
• Passenger Cars
• Piston Pin
• Piston Ring
Piston Types Covered:
• Solid Skirt Pistons
• Ring Carrier Pistons
• Two Stroke Pistons
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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