Automotive Piston Market Is Expected Significant Growth, Forecast From 2024 to 2031

The Automotive Piston Market plays a crucial role in the performance and efficiency of internal combustion engines (ICE). Pistons, as key components in engine operation, convert energy from combustion into mechanical power, making them essential for vehicles across segments, including passenger cars, commercial vehicles, and motorcycles. The market is driven by the growing demand for fuel-efficient and lightweight vehicles, leading to advancements in piston design and materials, such as aluminum and steel alloys. Despite the rise of electric vehicles (EVs), the piston market remains strong, supported by the global production of ICE vehicles and ongoing innovations in engine technology.

Market Size and Growth:

Automotive Piston Market size was valued at USD 11.38 billion in 2022 and is poised to grow from USD 11.99 billion in 2023 to USD 18.27 billion by 2031, at a CAGR of 5.4% during the forecast period (2024-2031).

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Key Market Players:

Aisin Seiki Co., Ltd.
Art Metal Mfg. Co., Ltd.
Capricorn Automotive
Federal-Mogul LLC
General Motors Company
Hitachi Automotive Systems, Ltd.
Indian Piston Ltd.
KSPG AG
MAHLE GmbH
Menon Pistons Ltd.
Mitsubishi Heavy Industries, Ltd.
Rheinmetall Automotive AG
Ross Racing Pistons
Shriram Pistons and Rings Ltd.
Tenneco Inc.
TPR Co., Ltd.
United Engine & Machine Co. Inc.
Wiseco Piston Inc.
World Pistons Co., Ltd.
ZYNP Corporation

Regional Segmentation:

North America: U.S., Canada and Mexico
Europe: Germany, France, U.K., Italy, Spain, and Rest of Europe
Asia Pacific: China, India, Japan, South Korea, Southeast Asia, and Rest of Asia Pacific
South America: Brazil, Argentina, and Rest of Latin America
Middle East & Africa: GCC Countries, South Africa, and Rest of Middle East & Africa

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Segments covered in Automotive Piston Market are as follows:

Component
Dry film lubricating coating type, oil shedding coating piston, thermal barrier coating piston
Coating
commercial vehicle, heavy commercial vehicle, light commercial vehicle, passenger vehicle, Two-wheeler
Vehicle
aluminum and steel

Automotive Piston Market Size And Scope

The Automotive Piston market has experienced notable growth in recent years, propelled by the rising demand for power electronics across various sectors, including automotive, telecommunications, and renewable energy. This market is poised for further expansion as the global adoption of electric vehicles and renewable energy sources accelerates. Automotive Piston are highly valued for their exceptional thermal conductivity, electrical insulation, and mechanical strength, making them indispensable in power modules and electronic components. With ongoing advancements in technology and manufacturing, the applications of Automotive Piston are expected to broaden, extending their reach into an even wider array of uses in the near future.

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This release was published on openPR.