Automotive Piston Equipment Market

Automotive Piston Equipment Market by Product Types (Automotive Aluminum Piston, Automotive Steel Piston) by Component (Piston head, Piston Ring, Piston Pin) by Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles) , by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa): Global Market Assessment, 2021 – 2028

Frequently Asked Questions

  • What is the global demand for Automotive Piston Equipment in terms of revenue?

    The global Automotive Piston Equipment valued at 10.41 Billion in 2020 and is expected to reach 15.15 Billion in 2028 growing at a CAGR of 4.80%%

  • Which are the prominent players in the market?

    The prominent players in the 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..

  • At what CAGR is the market projected to grow within the forecast period?

    The market is project to grow at a CAGR of 4.80%% between 2021 and 2028.

  • What are the driving factors fueling the growth of the market.

    The driving factors of the Automotive Piston Equipment include

    • 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.

  • Which region accounted for the largest share in the market?

    Asia Pacific was the leading regional segment of the Automotive Piston Equipment in 2020.

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