Automotive Piston System Market Share, Analysis ‚ Segmented By Raw Material (Cast iron, Aluminum Alloy, and Other Raw Material Types (Steel)), by Vehicle (Passenger Cars and Commercial Vehicles), by Fuel (Gasoline (Petrol), and Diesel), and by Component (Piston, Piston Ring, and Piston Pin) - Global Trends, Growth, and Forecast (2019 - 2024).

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Automotive Piston System Market 

Improvements in the economic conditions of emerging countries have increased the market for automobiles in these countries. The growing demand for commercial vehicles in these countries is also boosting the growth of the automotive piston market. The automotive industry in markets, such as India, China, South Korea, and Mexico, is growing at a steady pace, which, in turn, is leading to increased demand for automotive pistons

APAC countries, such as China and India, have a strong positive impact on the automotive piston and the ancillary product markets. These markets have established their cost competitiveness for global players in this sector. With the rise in manufacturing costs, existing piston manufacturers in the United States and Europe are shifting their operations to APAC, where labor, raw materials, and other facilities are available at a low cost. Strong engineering skills and relatively low cost of skilled workforce in emerging economies are attracting manufacturers to shift their operations into these countries.

The increase in demand for heavy and light commercial vehicles and passenger cars is contributing toward the growth of the market. There are continuous developments made in the automotive industry, thus, there is a necessity to produce pistons that are light in weight, with titanium and steel material, in order to gain better fuel efficiency.

Growing Demand for Automotive Piston Systems

The key factors that run the market growth of the automotive piston market are the increased production, which is directly related to the selling of automobiles, and demand for automotive. There are various factors that are affecting the market growth of automotive pistons, such as increasing demand for electric vehicles, which do not have pistons, and using advanced technologies, such as turbocharger in the diesel engines, which reduce the engines’ cost, thus, driving the market growth of automotive pistons.

Irrespective of these challenges, expansion in the untapped market of developing regions, such as Asia-Pacific, Latin America, and Africa, is expected to create a lucrative opportunity for the market players. Also, the rise in demand for lightweight pistons developed from composites of carbon, silicon, and magnesium is expected to unfold various opportunities for new products in the market, boosting the market growth.

                                        Automotive Piston System Market

Source: OICA, Mordor Intelligence Analysis

As the demand for automotive pistons is directly related to the sales of automobiles, higher the sales of automobiles in the market, higher the demand for automotive piston systems.

Key Developments in the Automotive Piston System Market 

  • February 2017: Aisin Seiki acquired 8.8 million outstanding shares from Art Metal Piston Business.
  • November 2017: Infiniti rolled out industry-first variable compression engine, by introducing the Variable compression, which solves the age-old problem of compromise.
  • March 2018: Consumer Electronics show in Las Vegas, the Toyota e-Palette autonomous delivery and ride-sharing vehicle may get a small Mazda rotary engine packaged as part of a range-extender for its electrified powertrain.
  • January 2018: Hastings Manufacturing Co. and Piston Rings Komarov, both leading global designers and manufacturers of piston rings for the OEM and aftermarket channels, have announced their merger.

Automotive Piston System Market Major Players 

  • Aisin Seiki
  • Federal-Mogul Holdings LLC
  • Rheinmetall Automotive AG
  • Hitachi Automotive Systems
  • Mahle GmbH

Reasons to Purchase Automotive Piston System Market Report

  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • Detailed analysis on the product type that is expected to dominate the market
  • Detailed analysis on the regions that are expected to witness fastest growth during the forecast period
  • Identifying the latest developments, market shares, and strategies employed by the major market players.
  • 3-month analyst support, along with the Market Estimate sheet (in Excel)

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