Automotive Piston Equipment Market
Automotive Piston Equipment Market Global Industry Assessment & Forecast
#
Pages:
155
2021
Nov - 2021
VMR-2021-0592
Segments Covered
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
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
10.41 Billion |
 Revenue 2028:
|
15.15 Billion |
 Revenue CAGR
(2021 - 2028): |
4.80% |
Fastest Growing Region (2022 -
2028)
|
Asia Pacific |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
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.
Global Automotive Piston Equipment Market: Product Types Segment Analysis
-
- Automotive Aluminum Piston
- Automotive Steel Piston
Global Automotive Piston Equipment Market: Component Segment Analysis
-
- Piston head
- Piston Ring
- Piston Pin
Global Automotive Piston Equipment Market: Vehicle Type Segment Analysis
-
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
FAQ
Frequently Asked Question
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.
