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
Research Methodology: Automotive Piston Equipment Market - Global Market Assessment, 2021 - 2028
Automotive Piston Equipment Market study involves the combination of secondary and primary research for data collection and utilizes a robust and veracious methodology to attain results on quantitative and qualitative analysis for specific market research studies. Moreover, Vantage Market Research utilizes tried and tested approaches to arrive at market-related projections. The research methodology is based on the 3-dimensional model consisting of 3 phases namely: Secondary Research, Primary Research, and Data Triangulation. After the exhaustive secondary research, the procured information is revalidated through primary research.
Secondary Research
Primary Research:
The primary research was conducted to gather further information and revalidate the data collected from the secondary research. Moreover, primary research is also conducted to identify key players in the market and to gather their market-specific financial information. A typical primary interview fulfills data requirements pertaining to first-hand information on global market size, regional and segmental trends, competitive landscape expertise development, and market understandings among others.
Data Triangulation and Market Size Estimations
Top-down and bottom-up approaches are used to validate and estimate the market size of the Automotive Piston Equipment market. After the determination of the overall market size, the market is divided into various segments and sub-segments. Moreover, these same approaches mentioned above were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. The data was triangulated by employing various data models and statistical techniques to arrive at exact statics and market size for each segment/sub-segment of the market. Moreover, region-wise product mapping analysis was used to gain some more insights on the competitive trend in the global Automotive Piston Equipment market.
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.
