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Automotive Piston Market Size By Material (Steel and Aluminium), By Piston Coating Type (Thermal Barrier Coating Piston, Dry Film Lubricating Coating Piston, and Oil Shedding Coating Piston), Regions, Segmentation, and Projection till 2030

CAGR: 5.11%Current Market Size: USD 10.1 BillionFastest Growing Region: Europe

Largest Market: APACProjection Time: 2023-2030Base Year: 2022

Global Automotive Piston Market- Market Overview:

The global automotive piston market is expected to grow from USD 10.1 billion in 2022 to USD 31.11 billion by 2030, at a CAGR of 5.11% during the Projection period 2023-2030. The growth of the automotive piston market is mainly driven by the rising usage of automobiles worldwide.

The piston is the key moving part that is built into the cylinder of an automotive engine to tighten the gas by piston rings. It is utilised in pneumatic cylinders, motors, gas compressors, and reciprocating pumps. The piston mechanism enables the crankshaft to transmit force created to the connecting rod, which in turn stimulates the vehicles' wheels. The automobile industry is where it is primarily used. Depending on the cylinder bore of the motor, pistons can come in a variety of sizes and materials. Proper piston material and size are crucial for maintaining the required compression ratio. Due to the high compression ratio of diesel engines, gasoline engine pistons typically have fewer piston rings than diesel engine pistons. To withstand high temperatures, the majority of pistons are constructed from alloys of aluminium and steel. Due to the exponential development in both the demand for and the manufacturing of automobiles, the piston is in increasingly high demand. Thus, the manufacturing of automobiles ultimately determines the demand for the piston. The lightweight piston is ideal for boosting the engine's efficiency. As a result, the need for ongoing engine development drives the expansion of the global market.

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Market Dynamics:

Drivers:                          

  • Rising Demand of Automobiles

The global market for automotive piston systems is anticipated to expand as more cars, including two-wheelers, four-wheelers, and other types of cars, are sold. The demand for pistons is anticipated to increase even more due to growing car demand, particularly in the two-wheeler segment in emerging nations like India, which would favorably affect the worldwide automotive piston system market. In addition, double-cylinder engines are increasingly preferred by the two-wheeler industry over conventional single-cylinder engines, especially in the high-end bike category. The global automotive piston system market is anticipated to expand alongside the rise in high-end motorcycle manufacturing since a double-engine cylinder requires two pistons as opposed to a single cylinder, which only needs one piston.

Restraints:                                             

  • Rising Popularity fo Electric Vehicles

The growing popularity of electric vehicles, which don't utilize pistons, is one of the biggest obstacles facing the global market for automotive pistons. Engine downsizing to reduce weight and improve fuel efficiency is another barrier in the global automotive piston system market. Utilizing technology like turbochargers, automakers have been able to downsize engines by lowering the number of cylinders while keeping engine output.

Opportunities:

  • Globalization

The increased emphasis placed by automakers on creating lightweight pistons with the best efficiency possible in order to improve engine performance. Globalization has significantly increased the automobile sector, and the manufacturers' emphasis on enhancing comfort and lowering fuel consumption is one of the key drivers driving this market's expansion. Increased sales of passenger cars and two-wheelers as a result of the rising urbanization and globalization of the world. Additionally, one of the key reasons driving the worldwide automotive piston market over the Projection period is the rise in consumer buying power and living standards in developing countries.

Challenges:

  • Engine Downsizing

The growing popularity of electric vehicles, which don't utilize pistons, is one of the biggest obstacles facing the global market for automotive pistons. Engine downsizing to reduce weight and improve fuel efficiency is another barrier in the global automotive piston system market. Utilizing technology like turbochargers, automakers have been able to downsize engines by lowering the number of cylinders while keeping engine output.

Segmentation Analysis:

The global automotive piston market has been segmented based on material, piston coating type, and region.

By Material

The material segment is steel and aluminum. The Aluminium segment led the largest share of the automotive piston market with a market share of around 55% in 2022. The elements that contribute to a higher rate of heat conductivity aid in reducing the development of carbon, and improved thermal efficiency may be ensured by using higher compression, which increases demand for this market.

By Piston Coating Type

The piston coating type segment is thermal barrier coating piston, dry film lubricating coating piston, and oil shedding coating piston. The thermal barrier coating piston segment led the largest share of the automotive piston market with a market share of around 40.3% in 2022. The thermal barriers are ceramic coverings that, rather than absorbing heat, reduce the migration of that energy. The piston top is treated with TBC to improve the engine's overall combustion efficiency.

Global Automotive Piston Market  - Sales Analysis.

The sale of the automotive piston market expanded at a CAGR of 4% from 2016 to 2022.

Automobile sales are rising across a variety of segments, including two- and four-wheelers, and are anticipated to fuel the expansion of the worldwide automotive piston market. Additionally, double cylinder engines are preferred over traditional single cylinder engines for premium segment bikes in the two-wheelers industry.

It is anticipated that an increase in the manufacturing of premium category bikes will aid in the expansion of the worldwide automotive piston market. The demand for light and heavy commercial vehicles as well as passenger cars is expected to increase, which would further support the expansion of the global industry. The growth of the worldwide Automobile Piston Market is primarily driven by ongoing R&D in the automotive industry to improve the fuel efficiency of engines.

Thus, owing to the aforementioned factors, the global automotive piston market is expected to grow at a CAGR of 5.11% during the Projection period from 2023 to 2030.

By Regional Analysis:

The regions analyzed for the automotive piston market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. Asia Pacific region dominated the automotive piston market and held a 38.2% share of the market revenue in 2022.

  • The Asia Pacific region witnessed a major share. The expansion is responsible for the largest market share in terms of car production. The majority of the vehicles in this sector are low-priced hatchbacks, compact sedans, and compact SUVs. A four-cylinder engine powers the bulk of these cars. These factors suggest that in the upcoming years, the passenger car category would have the biggest demand for pistons.
  • Europe is anticipated to experience significant growth during the Projection period. Despite the enormous market growth potential for electric vehicles, diesel continued to dominate European truck registrations in 2020 with a massive 96.5% of the market share of new trucks registered, and only 1% dip from 2019. The market for piston engine systems has been led by the internal combustion engine (ICE), despite a decline in sales of commercial trucks powered by ICE in 2020 compared to 2019. However, ICE's market share and preference over other vehicle types have remained stable. For instance, the number of ICE trucks registered in Europe decreased from 303,393 units in 2019 to 225,854 units in 2020, yet they still held a sizable portion of the market for vehicles.

Global Automotive Piston Market  - Country Analysis:

  • Germany

Germany's automotive piston market size was valued at USD 1.75 billion in 2022 and is expected to reach USD 2.32 billion by 2030, at a CAGR of 5.2% from 2023 to 2030. The market in the region will grow as a result of rising vehicle production and sales, the adoption of cutting-edge technology to create lightweight, fuel-efficient vehicles, strict government regulations pertaining to fuel efficiency, and continuing initiatives.

  • China

China’s automotive piston market size was valued at USD 1.98 billion in 2022 and is expected to reach USD 3.08 billion by 2030, at a CAGR of 5.4% from 2023 to 2030. The Projection period will see the highest growth rate for the passenger vehicle category due to the rising sales of two-wheelers and other types of vehicles in emerging markets like China.

  • India

India's automotive piston market size was valued at USD 1.76 billion in 2022 and is expected to reach USD 2.37 billion by 2030, at a CAGR of 5.3% from 2023 to 2030. When it comes to sales of vehicles with internal combustion engines, India has led the automobile industry. For instance, there was a 17.32% year-over-year reduction in the number of passenger vehicles registered in India from 2,936,626 in 2019 to 2,427,883 in 2020. Only 1,554 of the total vehicles registered in 2020 were electric vehicles, demonstrating the sizeable demand for piston engine systems in the nation.

Key Industry Players Analysis:

To increase their market position in the global automotive piston market business, top companies focus on tactics such as adopting new technology, mergers & acquisitions, product developments, collaborations, partnerships, joint ventures, etc.   

  • Aisin-Seiki Co. Ltd.
  • Federal-Mogul
  • Capricorn Automotive
  • KSPG AG
  • Mahle Gmbh
  • Shriram Piston and Rings
  • Hitachi Automotive Systems
  • Indian Piston Limited
  • Arias Piston
  • Ross Racing Piston

Latest Development:

  • In July 2020, For the first time, 3D printing technologies were used by global automotive component supplier Mahle in collaboration with sports car maker Porsche and mechanical engineering firm Trumpf to produce high-performance Aluminum pistons.
  • In April 2020, Hitachi Automotive Systems, Ltd., a wholly-owned subsidiary of Hitachi, Ltd., declared that the purchase of Seneos GmbH's whole share capital had been completed. Seneos, a German company that creates software for automotive devices, joined Hitachi Automotive Systems as a wholly-owned subsidiary as a result of this transaction.

Report Metrics

Report Attribute 

Details

Study Period

2022-2030

Base year

2022

CAGR (%)

5.10%

Market Size

10.1 billion in 2022

Projection period

2023-2030

Projection unit

Value (USD)

Segments covered

By Material, By Piston Coating Type, and By Region.

Report Scope

Revenue Projection, competitive landscape, company ranking, growth factors, and trends

Companies covered

Aisin-Seiki Co. Ltd., Federal-Mogul, Capricorn Automotive, KSPG AG, Mahle Gmbh, Shriram Piston and Rings, Hitachi Automotive Systems, Indian Piston Limited, Arias Piston, and Ross Racing Piston.

By Material

  • Steel
  • Aluminium  

By Piston Coating Type

  • Thermal Barrier Coating Piston
  • Dry Film Lubricating Coating Piston
  • Oil Shedding Coating Piston  

Regional scope

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East and Africa

Scope of the Report

Global Automotive Piston Market By Material:

  • Steel
  • Aluminium

Global Automotive Piston Market  By Piston Coating Type:

  • Thermal Barrier Coating Piston
  • Dry Film Lubricating Coating Piston
  • Oil Shedding Coating Piston

Global Automotive Piston Market By Region:

  • North America
    • USA
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Russia
  • Asia-Pacific
    • Japan
    • China
    • India
    • Korea
    • Southeast Asia
  • South America
    • Brazil
    • Peru
  • Middle East and Africa
    • UAE
    • South Africa
    • Saudi Arabia

Frequently Asked Questions

What will be the expected market size of the automotive piston market in 2030?

Global automotive piston market is expected to reach USD 31 billion by 2030.

What is the CAGR of the automotive piston market?

The automotive piston market is projected to have a CAGR of 5.11%.

What are the key factors for the growth of the automotive piston market?

The global market for automotive piston systems is anticipated to expand as more cars, including two-wheelers, four-wheelers, and other types of cars, are sold. The demand for pistons is anticipated to increase even more due to growing car demand, particularly in the two-wheeler segment in emerging nations like India, which would favorably affect the worldwide automotive piston system market.

What is the global automotive piston market breakup based on the piston coating type?

Based on the piston coating type, the global automotive piston market has been segmented into thermal barrier coating piston, dry film lubricating coating piston, and oil shedding coating piston.

Which are the leading market players active in the automotive piston market?

Leading market players active in the global automotive piston market are Aisin-Seiki Co. Ltd., Federal-Mogul, Capricorn Automotive, KSPG AG, Mahle Gmbh, Shriram Piston and Rings, Hitachi Automotive Systems, Indian Piston Limited, Arias Piston, and Ross Racing Piston among other

Political Factors- By building powerful media alliances, pressure groups can change the corporate environment. These groups, which organise protests and plan marketing efforts, put pressure on these organisations. These pressure groups have the power to influence government policy, which may ultimately impact the overall business climate, so the automotive piston market needs to keep an eye on them. To win their trust, the automotive piston market should work closely with these organisations. It should also put money into ethical and charitable projects in order to forge stronger links with the neighbourhood.

Economic Factors- The workforce's skills and knowledge have a big impact on how well the automotive piston business does. Talented workers must always be available if the automotive piston market is to remain competitive. The automotive piston industry should examine changes in labour demand and supply to understand how to successfully engage workers with the appropriate skill set. The automotive piston market firm may face a number of issues as a result of a tight labour market and strong worker unions. For example, it may put pressure on the automotive piston market to accept an unreasonable pay hike, or it could stop output by calling for a strike.

Social Factors- When the automotive piston industry primarily targets young consumers with its products/services, there are two favourable demographic indicators: high population growth and an increasing proportion of the young population group. For the market for automotive piston market, understanding how the host nation views immigration is crucial because it reveals whether or not diversity management techniques need be put in place if immigrants from various cultural backgrounds are welcomed. To promote inclusiveness and diversity, the automotive piston sector should adjust its marketing tactics. A positive perspective on migration also shows how easy it is for businesses in the automotive piston market to hire individuals from various cultural backgrounds.

Technological Factors-These nations ought to be given preference in the market for industrial and institutional cleaning chemicals as they make it simpler for businesses to pursue goals like cost reduction, innovation, and value creation. A strong technological foundation also shows that it will be harder for the automotive piston sector to employ technology to create a long-term competitive advantage because it might be simple for rivals to copy. The automotive piston industry could improve customer happiness, generate operational efficiency, and establish itself as an innovative company by making the correct technological investments.

Environmental Factors- Businesses are under pressure to lessen their influence on the environment because of strict environmental legislation in many different countries. The automotive piston market should adopt ethical production methods in response, encourage ethical consumption among its target market, work to improve its brand's sustainability reputation, and ensure full compliance with local and international environmental laws because failing to do so could result in harsh, reputation-damaging criticism from relevant stakeholders.

Legal Factors- A broad range of rules known as employment law protect workers' rights, including those to a fair wage, equality, equity, inclusion, fairness, and their physical and psychological safety. While some nations do not effectively enforce employment laws, others have strict penalties for violating any of the specified employee rights. The automotive piston market should check the safety of the working environment before entering or operating in such nations. It is necessary to prevent both direct and indirect discrimination, so the appropriate procedures must be in place. The automotive piston industry's employer brand reputation can be improved with effective adherence to employment rules, which is necessary for attracting and keeping top personnel in the market.

  1. Introduction
    • 1. Objectives of the Study
    • 2. Market Definition
    • 3. Research Scope
  2. Research Methodology and Assumptions
  3. Executive Summary
  4. Premium Insights
    • 1. Porter’s Five Forces Analysis
    • 2. Value Chain Analysis
    • 3. Top Investment Pockets
      • 3.1. Market Attractiveness Analysis By Material
      • 3.2. Market Attractiveness Analysis By Piston Coating Type
      • 3.3. Market Attractiveness Analysis By Region
    • 4. Industry Trends
  5. Market Dynamics
    • 1. Market Evaluation
    • 2. Drivers
      • 2.1. Rising Demand of Automobiles
    • 3. Restraints
      • 3.1. Rising Popularity fo Electric Vehicles
    • 4. Opportunities
      • 4.1. Globalization
    • 5. Challenges
      • 5.1. Engine Downsizing
  1. Global Automotive Piston Market Analysis and Projection, By Material
    • 1. Segment Overview
    • 2. Steel
    • 3. Aluminium
  2. Global Automotive Piston Market Analysis and Projection, By Piston Coating Type
    • 1. Segment Overview
    • 2. Thermal Barrier Coating Piston
    • 3. Dry Film Lubricating Coating Piston
    • 4. Oil Shedding Coating Piston
  3. Global Automotive Piston Market Analysis and Projection, By Regional Analysis
    • 1. Segment Overview
    • 2. North America
      • 2.1. U.S.
      • 2.2. Canada
      • 2.3. Mexico
    • 3. Europe
      • 3.1. Germany
      • 3.2. France
      • 3.3. U.K.
      • 3.4. Italy
      • 3.5. Spain
    • 4. Asia-Pacific
      • 4.1. Japan
      • 4.2. China
      • 4.3. India
    • 5. South America
      • 5.1. Brazil
    • 6. Middle East and Africa
      • 6.1. UAE
      • 6.2. South Africa
  1. Global Automotive Piston Market-Competitive Landscape
    • 1. Overview
    • 2. Market Share of Key Players in the Automotive Piston Market
      • 2.1. Global Company Market Share
      • 2.2. North America Company Market Share
      • 2.3. Europe Company Market Share
      • 2.4. APAC Company Market Share
    • 3. Competitive Situations and Trends
      • 3.1. Technology Launches and Developments
      • 3.2. Partnerships, Collaborations, and Agreements
      • 3.3. Mergers & Acquisitions
      • 3.4. Expansions
  1. Company Profiles
    • Aisin-Seiki Co. Ltd.
      • 1.1. Business Overview
      • 1.2. Company Snapshot
      • 1.3. Company Market Share Analysis
      • 1.4. Company Technology Portfolio
      • 1.5. Recent Developments
      • 1.6. SWOT Analysis
    • Federal-Mogul
      • 2.1. Business Overview
      • 2.2. Company Snapshot
      • 2.3. Company Market Share Analysis
      • 2.4. Company Technology Portfolio
      • 2.5. Recent Developments
      • 2.6. SWOT Analysis
    • Capricorn Automotive
      • 3.1. Business Overview
      • 3.2. Company Snapshot
      • 3.3. Company Market Share Analysis
      • 3.4. Company Technology Portfolio
      • 3.5. Recent Developments
      • 3.6. SWOT Analysis
    • KSPG AG
      • 4.1. Business Overview
      • 4.2. Company Snapshot
      • 4.3. Company Market Share Analysis
      • 4.4. Company Technology Portfolio
      • 4.5. Recent Developments
      • 4.6. SWOT Analysis
    • Mahle Gmbh
      • 5.1. Business Overview
      • 5.2. Company Snapshot
      • 5.3. Company Market Share Analysis
      • 5.4. Company Technology Portfolio
      • 5.5. Recent Developments
      • 5.6. SWOT Analysis
    • Shriram Piston and Rings
      • 6.1. Business Overview
      • 6.2. Company Snapshot
      • 6.3. Company Market Share Analysis
      • 6.4. Company Technology Portfolio
      • 6.5. Recent Developments
      • 6.6. SWOT Analysis
    • Hitachi Automotive Systems
      • 7.1. Business Overview
      • 7.2. Company Snapshot
      • 7.3. Company Market Share Analysis
      • 7.4. Company Technology Portfolio
      • 7.5. Recent Developments
      • 7.6. SWOT Analysis
    • Indian Piston Limited
      • 8.1. Business Overview
      • 8.2. Company Snapshot
      • 8.3. Company Market Share Analysis
      • 8.4. Company Technology Portfolio
      • 8.5. Recent Developments
      • 8.6. SWOT Analysis
    • Arias Piston
      • 9.1. Business Overview
      • 9.2. Company Snapshot
      • 9.3. Company Market Share Analysis
      • 9.4. Company Technology Portfolio
      • 9.5. Recent Developments
      • 9.6. SWOT Analysis
    • Ross Racing Piston
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Technology Portfolio
      • Recent Developments
      • SWOT Analysis

List of Table

  1. Global Automotive Piston Market, By Material, 2023–2030 (USD Billion)
  2. Global Steel, Automotive Piston Market, By Region, 2023–2030 (USD Billion)
  3. Global Aluminium, Automotive Piston Market, By Region, 2023–2030 (USD Billion)
  4. Global Automotive Piston Market, By Piston Coating Type 2023–2030 (USD Billion)
  5. Global Thermal Barrier Coating Piston, Automotive Piston Market, By Region, 2023–2030 (USD Billion)
  6. Global Dry Film Lubricating Coating Piston, Automotive Piston Market, By Region, 2023–2030 (USD Billion)
  7. Global Oil Shedding Coating Piston, Automotive Piston Market, By Region, 2023–2030 (USD Billion)
  8. Global Aerospace & Defense, Automotive Piston Market, By Region, 2023–2030 (USD Billion)
  9. Global Automotive Piston Market, By Region, 2023–2030 (USD Billion)
  10. North America Automotive Piston Market, By Material, 2023–2030 (USD Billion)
  11. North America Automotive Piston Market, By Piston Coating Type 2023–2030 (USD Billion)
  12. USA Automotive Piston Market, By Material, 2023–2030 (USD Billion)
  13. USA Automotive Piston Market, By Piston Coating Type 2023–2030 (USD Billion)
  14. Canada Automotive Piston Market, By Material, 2023–2030 (USD Billion)
  15. Canada Automotive Piston Market, By Piston Coating Type 2023–2030 (USD Billion)
  16. Mexico Automotive Piston Market, By Material, 2023–2030 (USD Billion)
  17. Mexico Automotive Piston Market, By Piston Coating Type 2023–2030 (USD Billion)
  18. Europe Automotive Piston Market, By Material, 2023–2030 (USD Billion)
  19. Europe Automotive Piston Market, By Piston Coating Type 2023–2030 (USD Billion)
  20. Germany Automotive Piston Market, By Material, 2023–2030 (USD Billion)
  21. Germany Automotive Piston Market, By Piston Coating Type 2023–2030 (USD Billion)
  22. France Automotive Piston Market, By Material, 2023–2030 (USD Billion)
  23. France Automotive Piston Market, By Piston Coating Type 2023–2030 (USD Billion)
  24. UK Automotive Piston Market, By Material, 2023–2030 (USD Billion)
  25. UK Automotive Piston Market, By Piston Coating Type 2023–2030 (USD Billion)
  26. Italy Automotive Piston Market, By Material, 2023–2030 (USD Billion)
  27. Italy Automotive Piston Market, By Piston Coating Type 2023–2030 (USD Billion)
  28. Spain Automotive Piston Market, By Material, 2023–2030 (USD Billion)
  29. Spain Automotive Piston Market, By Piston Coating Type 2023–2030 (USD Billion)
  30. Asia Pacific Automotive Piston Market, By Material, 2023–2030 (USD Billion)
  31. Asia Pacific Automotive Piston Market, By Piston Coating Type 2023–2030 (USD Billion)
  32. Japan Automotive Piston Market, By Material, 2023–2030 (USD Billion)
  33. Japan Automotive Piston Market, By Piston Coating Type 2023–2030 (USD Billion)
  34. China Automotive Piston Market, By Material, 2023–2030 (USD Billion)
  35. China Automotive Piston Market, By Piston Coating Type 2023–2030 (USD Billion)
  36. India Automotive Piston Market, By Material, 2023–2030 (USD Billion)
  37. India Automotive Piston Market, By Piston Coating Type 2023–2030 (USD Billion)
  38. South America Automotive Piston Market, By Material, 2023–2030 (USD Billion)
  39. South America Automotive Piston Market, By Piston Coating Type 2023–2030 (USD Billion)
  40. Brazil Automotive Piston Market, By Material, 2023–2030 (USD Billion)
  41. Brazil Automotive Piston Market, By Piston Coating Type 2023–2030 (USD Billion)
  42. Middle East and Africa Automotive Piston Market, By Material, 2023–2030 (USD Billion)
  43. Middle East and Africa Automotive Piston Market, By Piston Coating Type 2023–2030 (USD Billion)
  44. UAE Automotive Piston Market, By Material, 2023–2030 (USD Billion)
  45. UAE Automotive Piston Market, By Piston Coating Type 2023–2030 (USD Billion)
  46. South Africa Automotive Piston Market, By Material, 2023–2030 (USD Billion)
  47. South Africa Automotive Piston Market, By Piston Coating Type 2023–2030 (USD Billion)

List of Figures 

  1. Global Automotive Piston Market Segmentation
  2. Automotive Piston Market: Research Methodology
  3. Market Size Estimation Methodology: Bottom-Up Approach
  4. Market Size Estimation Methodology: Top-Down Approach
  5. Data Triangulation
  6. Porter’s Five Forces Analysis
  7. Value Chain Analysis
  8. Global Automotive Piston Market Attractiveness Analysis By Material
  9. Global Automotive Piston Market Attractiveness Analysis By Piston Coating Type
  10. Global Automotive Piston Market Attractiveness Analysis By Region
  11. Global Automotive Piston Market: Dynamics
  12. Global Automotive Piston Market Share By Material (2023 & 2030)
  13. Global Automotive Piston Market Share By Piston Coating Type (2023 & 2030)
  14. Global Automotive Piston Market Share by Regions (2023 & 2030)
  15. Global Automotive Piston Market Share by Company (2021)

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