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The Automotive Piston Engine System Market is segmented by Raw Material Type (Cast Iron, Aluminum Alloy, and Other Raw Material Types), by Vehicle Type (Passenger Cars and Commercial Vehicles), by Fuel Type (Gasoline, Diesel, and Alternative Fuel Vehicles), by Component Type (Piston, Piston Ring, and Piston Pin), and by Geography.
Study Period:
2018 - 2026
Base Year:
2020
Fastest Growing Market:
Asia Pacific
Largest Market:
North America
CAGR:
6 %
The Automotive Piston Engine System Market is expected to register a CAGR of over 6%, during the forecast period.
With China, India, and Japan growing as global automotive manufacturer hubs, the Asia-Pacific region is expected to continue as a major market for automotive piston systems, owing to the increase in manufacturing during the forecast period.
The Automotive Piston Engine System Market is segmented by Raw Material Type (Cast Iron, Aluminum Alloy, and Other Raw Material Types), by Vehicle Type (Passenger Cars and Commercial Vehicles), by Fuel Type (Gasoline, Diesel, and Alternative Fuel Vehicles), by Component Type (Piston, Piston Ring, and Piston Pin), and by Geography.
The scope of the report includes:
Vehicle Type | |
Passenger Cars | |
Commercial Vehicle |
Fuel Type | |
Gasoline | |
Diesel | |
Alternative Fuel Vehicles |
Component Type | |
Piston | |
Piston Ring | |
Piston Pin |
Geography | |||||||
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Report scope can be customized per your requirements. Click here.
The rise in sales of electric vehicles is hindering the growth of the automotive piston system market.
The electric vehicle market has been witnessing healthy growth in recent years, with about 2.26 million units of plug-in hybrid and battery electric vehicles sold during 2019, representing a 9% increase in sales as compared to 2018.
As a result of the aforementioned reasons, automakers have been continually working and focusing to increase their expenditure on the R&D of electric vehicles, which, in turn, is aiding the OEMs to market electric vehicles in the future.
Electric vehicles have reached on par (sometimes surpassed) with IC engine vehicle, in terms of performance, maintenance, and initial cost of purchase.
For instance, Tesla has manufactured electric cars, which claim to provide greater acceleration, power, top speed, etc., than an average IC engine/hybrid car.
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In Asia-Pacific, China dominated the regional market, and accounted for over 60% share of the total market, followed by Japan and India. China is one of the major manufacturers of vehicles, globally. Passenger car and commercial vehicle sales in the country have increased until 2017, after which due to economic slowdown, the United States-China trade war dispute, the sales have slightly decreased.
However, in 2019, the country has witnessed a decline in vehicle sales, owing to trade tensions and shaky consumer confidence. Additionally, industry experts predict a further decline of 5% in vehicle sales in 2019. In January 2019, the government introduced many measures with an aim to increase sales of cars. The National Development and Reform Commission (NDRC) announced that the restriction may be loosened for the second-hand automobile market, and appropriate subsidies are likely to be provided to boost rural sales of some vehicles as well as the purchase of new energy vehicles.
This has further continued in 2020 after the outbreak of coronavirus, due to which several automobile manufacturers were forced to suspend production facilities. However, by the end of 2020, both passenger car and commercial vehicle sales are expected to revive.
In Japan, domestic automobiles production has witnessed a steady rise since 2012, owning to weaker Japanese Yen and a stronger global market for the automotive industry. The Japanese automobile market grew marginally in 2018, owning to increased sales in mini vehicles, according to the Japan Automobile Dealers Association and Japan Mini Vehicle Association statistics. In 2019, all vehicles sales grew to reach 5.27 million units.
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The Automobile Piston System Market is consolidated with only a few companies dominating the market. Some of the major companies dominating the market are Aisin Seiki, Federal-Mogul Holding LLC, Rheinmetall Automotive AG, Hitachi Automotive Systems, Mahle GmbH, amongst others.
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porters 5 Force Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Vehicle Type
5.1.1 Passenger Cars
5.1.2 Commercial Vehicle
5.2 Fuel Type
5.2.1 Gasoline
5.2.2 Diesel
5.2.3 Alternative Fuel Vehicles
5.3 Component Type
5.3.1 Piston
5.3.2 Piston Ring
5.3.3 Piston Pin
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Rest of North America
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Spain
5.4.2.5 Rest of Europe
5.4.3 Asia Pacific
5.4.3.1 India
5.4.3.2 China
5.4.3.3 Japan
5.4.3.4 Rest of Asia-Pacific
5.4.4 South America
5.4.4.1 Brazil
5.4.4.2 Argentina
5.4.4.3 Rest of South America
5.4.5 Middle-East and Africa
5.4.5.1 United Arab Emirates
5.4.5.2 Saudi Arabia
5.4.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Aisin Seiki
6.2.2 Art Metal Mfg Co. Ltd
6.2.3 Federal Mogul Holding LLC
6.2.4 Mahle GmbH
6.2.5 Rheinmetall Automotive AG
6.2.6 Hitachi Automotive Systems Ltd
6.2.7 Shriram Pistons & Rings Ltd
6.2.8 Magna International Inc.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS