Comprehensive industry research on Automotive Piston published by The Insight Partners Research includes growth analysis and drivers analyzed in the report.
NEW YORK, UNITED STATES, March 7, 2023 / EINPresswire.com/ — According to our latest market study on “Automotive Piston Market Forecast to 2028 – Impact of COVID-19 and Global Analysis by Type of material (steel and aluminum); Coating type (thermal barrier piston coating, dry film piston coating and oil spill piston coating); Vehicle type (two wheelers, passenger vehicles and commercial vehicles); and Piston Type (Flat Top Piston, Plate Piston and Dome Piston) and Geography”, the market was valued at USD 3,879.92 million by 2021 and is expected to reach 5,815, $15 million by 2028; is expected to grow at a CAGR of 6.0% from 2021 to 2028.
Increasing manufacturing of internal combustion engine (ICE) vehicles is driving demand for automotive pistons to achieve fuel efficiency, reduce emissions, and improve flexibility and reliability. Increasing sales of ICE vehicles in APAC and MEA is encouraging manufacturers to produce better and environmentally friendly vehicle components such as pistons and lubricants. However, growing environmental concerns and aging integrated circuit (IC) technology have resulted in low demand for ICE vehicles to some extent, paving the way for new alternatives such as electric Technological advancement and innovation are the keys to the US economy. Advances in technology and automation are enabling manufacturing companies to achieve high productivity and profitability. New trends and emerging technological innovations in ICEs such as intelligent combustion management systems and fuel efficiency improvements to achieve power advantages and lower emission levels are supporting the growth of global automotive piston market.
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Companies profiled in this report include: Arias Pistons; Art Metal Manufacturing Co., Ltd.; Capricorn Motors Pvt. Ltd.; QUFU JINHUANG PISTON CO.,LTD; Hitachi Astemo Americas, Inc; RIKEN Corporation; MAHLE GmbH; Tenneco Inc.; Rheinmetall Automotive; and Binzhou Bohai Piston Co., Ltd
Automotive Pistons Market: Competitive Landscape and Key Developments
Arias Pistons; Art Metal Manufacturing Co., Ltd.; Capricorn Motors Pvt. Ltd.; QUFU JINHUANG PISTON CO.,LTD; Hitachi Astemo Americas, Inc; RIKEN Corporation; MAHLE GmbH; Tenneco Inc.; Rheinmetall Automotive; and Binzhou Bohai Piston Co., Ltd. are among the key players profiled during the Automotive Pistons market study. In addition to these players, several other essential market players were studied and analyzed to gain a holistic view of the market and its ecosystem.
In March 2021, Tenneco displayed its Monosteel piston at the 2021 World Congress on Internal Combustion Engines (WICE) in Ji’nan, China.
In 2021, Rheninmetall AG opened a new technology center in Nanjing, China. This expansion is expected to be very beneficial for KS Kolbenschmidt (the subsidiary of Rheinmetall AG) for its piston business.
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Automotive Piston Market: Piston Type Overview
Based on piston type, the automotive piston market is segmented into flat top piston, dish piston and dome piston. Anticipated developments in the automation industry would fuel the growth of the automotive piston market. Automotive pistons are widely used by OEMs and manufacturers such as Ford Motor Company, Tesla, BMW, Porsche, Daimler, Toyota, Honda, Nissan, Renault, RAM, VW, Hyundai, Fiat Chrysler Automobiles and General Motors Company.
Main conclusions of the study:
The automotive piston market is segmented based on material type, coating type, vehicle type and piston type, and geography. Based on material type, the market is segmented into compact steel and aluminum. In 2020, the aluminum segment led the market and accounted for the largest market share. On the basis of coating type, the market is segmented into thermal barrier piston coating, dry film lubricating piston coating, and oil piston coating. In 2020, the thermal barrier piston coating segment led the market and accounted for the largest market share. On the basis of vehicle type, the automotive piston market is segmented into two-wheelers, passenger vehicles, and commercial vehicles. In 2020, the passenger vehicle segment led the market and accounted for the largest market share. The global automotive piston market, by geography, is segmented into five major regions: North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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