Market Share of Automotive Piston Engine System Industry
The automobile piston engine system market is consolidated and highly competitive, with only a few companies dominating the market. Some of the major companies operating in the market are Aisin Seiki, Federal-Mogul Holding LLC, Mahle GmbH, Tenneco Inc, Rheinmetall Automotive AG, Hitachi Automotive Systems, and Riken Corporation, among others. These players actively engage in forming long-term partnerships with auto manufacturers to enhance their brand portfolio by offering various piston components for gasoline or diesel vehicles.
- In January 2023, Rheinmetall officially transferred its large-bore pistons production to Koncentra Verkstads AB (KVAB) of Gothenburg, Sweden. In October 2022, Rheinmetall announced the sale, which reflected the Düsseldorf tech group's strategic reorientation towards an improved focus on developing small-bore pistons.
- In August 2022, Nippon Piston Ring and Riken Corporation announced a Memorandum of Understanding (MoU) agreement to establish a joint holding company formed by mutual stock transfer. It is to consolidate the two companies on equal terms. As per the agreement, the trading name of the new joint company will be NPR-Riken Corporation. The company aims to facilitate the development of advanced position solutions for the automotive industry.
The market is anticipated to witness the launch of various advanced lightweight piston components in the coming years as these players try to gain a competitive edge with the diversification of their product portfolio.
Automotive Piston Engine System Market Leaders
Aisin Seiki
Federal Mogul Holding LLC
Mahle GmbH
Rheinmetall
Tenneco Inc
*Disclaimer: Major Players sorted in no particular order
