Automotive Piston Equipment Market

The global Automotive Piston Equipment market was valued at USD 10.41 Billion in 2020 and is projected to reach USD 15.15 Billion by 2028, growing at a CAGR of 4.80%% from 2021 to 2028.

The automotive piston is an engine component that is cylindrical in shape, which slides back and forth in the cylinder bore due to force produced by the expansion of gas during the combustion process. Piston system comprises piston, piston rings, and piston pin; this system transfers the generated force to crankshaft through connecting rod. Piston generates mechanical energy that propels the crankshaft movement, which in turn, drives the wheels of the vehicle. Gasoline engine piston usually has fewer piston rings than diesel engine pistons due to high compression ratio of the latter. Most of the pistons are made up of aluminum & steel alloys to withstand high temperatures.

The global Automotive Piston Equipment market report provides a thorough analysis of each segment including Product Types,Component and Vehicle Type for each region, and country. All the segments are studied considering historical and future trends across geographies. All the segments covers trends, market size, and forecasts, and the data is provided for the years 2016–2028. Moreover, the report also covers exhaustive analysis on competitive scenario of the global market covering in depth company profiles based on business overview, financial performance, product portfolio, business strategies, recent developments, and market share among others. In addition to that the report offers several market impacting factors such as drivers, restraints, and opportunities. Cumulatively, the report will cover all of the aspects regarding the global Automotive Piston Equipment market. 

In 2020, swift spread of COVID-19 largely impacted the global business operations, disrupting the supply chain and impairing various industries. The global trading activities were declined severely owing to the nationwide lockdowns, international border seals, and strict social distancing measures. This had a drastic impact on the global economy, as the companies across the globe were forced to either fully close or partially close their operations, leading to disruption in the supply-demand ratio. Moreover, in 2021 several key markets such as U.S., India, and Brazil among others witnessed a second wave of COVID-19 that further disrupted the market. However, it is expected that reopening of trade activities, the market will witness steady growth in demand in the coming years. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends for all the regions and countries.

The report provides a completely separate chapter for COVID-19 Impact Analysis. This chapter includes:

o   Impact Assessment of COVID-19 Pandemic

o   Pre & Post COVID-19 Market Size

o   Qualitative analysis on the short term & long term impact of COVID-19 on the market

o   The analysis provides foremost strategies adopted by competitors to minimize the impact of the pandemic on their business activities and scope for future developments.

The report covers an exhaustive analysis of Automotive Piston Equipment industry that includes drivers, restraints/challenges, opportunities, and segmental/regional trends among others. Apart from that, it will also cover extensive information on various marketing tools such as PEST Analysis, Porter’s Five Forces Analysis, pricing trends,  SWOT analysis, and value chain analysis along with technological landscape and regulatory framework specific to Automotive Piston Equipment industry.

The increasing urbanization and industrialization is anticipated to augment the growth of the automotive piston equipment market. This is attributable to the rapid enhancement of technology by the automotive industry. Most of the manufacturing companies are now implementing automation in order to increase their productivity and profitability. Furthermore, the emerging economies in Asia Pacific and Africa region offer numerous growth opportunities as companies are setting up manufacturing plants in these economies to expand their presence and even the demand for passenger vehicles in this region has increased substantially. Moreover, the improving economy of several countries worldwide due to industrialization has resulted in rise in disposable income of consumer. This has increased the sales of luxurious passenger car which is expected to further support the growth of the automotive piston equipment market. 

The rising automotive sale and production across the globe is anticipated to augment the growth of the automotive piston equipment market during the forecast period. This is owing to the increase in manufacturing facilities in most of the emerging countries such as China, India, and Brazil among others. The prominent players of the automotive sector as well are focussing to invest and expand the business through different segments to gain better profitability. Furthermore, the increasing adoption of personal vehicles has also increased the global sales and production of automobiles. 

The engine downsizing is expected to hamper the growth of automotive piston equipment market. This is in order to reduce the carbon emission that most of the OEMs are shifting towards engine downsizing. This has resulted in a shift to 4-cylinder engines from 8- and 6-cylinder engines and slowed the growth of the market.

Product Types  Analysis: Preview

On the basis of Product Types, the market is segmented into Automotive Aluminum Piston, Automotive Steel Piston. Aluminum held the highest share in the global Automotive Piston Equipment market and is projected to witness the same trend during the forecast period.

Component Analysis: Preview

Based on Component, the market is segmented into Piston head, Piston Ring, Piston Pin. accounted for the highest market share and is expected to grow at a significant CAGR from 2021 to 2028.

Vehicle Type Analysis: Preview

Based on Vehicle Type, the market is segmented into Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles. Passenger Car dominates the global Automotive Piston Equipment market and is expected to continue the same trend from 2021 to 2028. 

Based on geography, the global Automotive Piston Equipment market is segmented into North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa. The regional section is further bifurcated into key country level markets for each region. Some of the prominent country-level markets are U.S., China, Germany, France, India, and Japan. It covers market size and estimations for each segment by region and country for the years 2016–2028. Asia Pacific dominates the global Automotive Piston Equipment market and is expected to continue the same trend during upcoming years. This is accredited to the presence of key market players combined with rising demand from the end-users.  

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • France
  • Germany
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Rest of Latin America
• Middle East and Africa
  • GCC Countries
  • South Africa
  • Rest of MEA

Major players in the global Automotive Piston Equipment market are Cheng Shing Piston, Day Piston, United Engine and Machine, Sparex, Art Metal, Wossner Kolben, Mahle Group, Aisin Seiki, Celina Aluminum Precision Technology, Shriram Pistons & Rings, Federal-Mogul, Hitachi Automotive Systems, Shandong Binzhou Bohai Piston, Arias Piston, Topline Automotive Engineering, JE Pistons, ROSS RACING PISTONS, Piston Automotive, Wiseco Piston, Capricorn Automotive, KSPG.. The global Automotive Piston Equipment market report covers an exhaustive analysis of all the key players in the industry. This includes a business overview, extensive portfolio, business strategies, news, financial performance, length of distribution network,  and geographical presence among others. In addition to that, the report also covers company market share along with in-depth strategic developments.   

• The global Automotive Piston Equipment market was valued at USD 10.41 Billion in 2020
• The global Automotive Piston Equipment Market is projected to reach USD 15.15 Billion by 2028
• Asia Pacific held the highest share of the Automotive Piston Equipment market in 2020
• Some of the major companies operating in the Automotive Piston Equipment market are Cheng Shing Piston, Day Piston, United Engine and Machine, Sparex, Art Metal, Wossner Kolben, Mahle Group, Aisin Seiki, Celina Aluminum Precision Technology, Shriram Pistons & Rings, Federal-Mogul, Hitachi Automotive Systems, Shandong Binzhou Bohai Piston, Arias Piston, Topline Automotive Engineering, JE Pistons, ROSS RACING PISTONS, Piston Automotive, Wiseco Piston, Capricorn Automotive, KSPG.