Piston Market Size, Share, Trends and Forecast 2022
Summary
Piston Market Size, Information by Material (Steel, Aluminum), By Coating (Thermal Barrier, Oil Shedding, Dry Film Lubricating, Others), By Vehicle Type (Passenger Cars, Light Commercial Vehicle, Heavy Commercial Vehicle) and By Region - Forecast to 2022
Piston Market Size Highlight
According to the study presented by Market Research Future (MRFR), the global piston market is set to grow steadily over the forecast period. Pistons are an integral part of the internal combustion engine in automobiles and facilitate the transfer of power within the cylinder and delivery of energy to the crankshaft. The burgeoning automotive sector is leading the expansion of the global piston market and is poised to exhibit a similar trend in the forthcoming years.
The rising demand for vehicles in the fast-developing economies exhibit tremendous potential for the growth of the piston market. In addition, high-end bikes need double engine cylinder with two pistons. The expanding market presence of these high-end bikes with two pistons are projected to favor the expansion of the global market across the review period.
Key Players
The well-known players of the global Piston Market Size are listed as
Burgess-Norton Mfg. Co., Inc. (U.S.)
Federal-Mogul Corporation (U.S.)
Aisin Seiki Co., Ltd. (Japan)
Arias Pistons Ltd (U.K.)
Ming Shun Industrial Co. Ltd (Taiwan)
MAHLE GmbH (Germany)
Rheinmetall Automotive AG (Germany)
Ross Racing Pistons (U.S.)
Shandong BinzhouBohai Piston Co., Ltd. (China), and Shriram Pistons and Rings Ltd. (India).
Segmentation
To comprehend the market’s dynamics, it has been segmented by the elements of materials, coating, and vehicle type.
In terms of materials: Aluminum and steel are the segments.
In terms of coating: Dry film lubricating, oil shedding, thermal barrier are the segments.
In concern with vehicle type: Light commercial vehicles, heavy commercial vehicles and passenger cars are the segments.
Top Regional Drivers
Regionally, the global Piston Market Size has been studied among the main regions of APAC, Europe, North America, and the Rest of the world.
As per the study, the Asia Pacific region is notable for expanding in support of the rising number of vehicles that are being manufactured in developing nations. India and China are leading in the manufacturing number for vehicles. Apart from this, the mounting per capita income of the individuals in the region is also being causative and therefore leading to the implementation of high-end automobiles, thus resulting in growing usage of pistons. With this, too, the prevalence of key automobile manufacturers in the region is also adding to the development of the Piston Market Size of the Asia Pacific region.
Europe is counted to be the second-largest market for the automotive piston since 2016. But, the region is expected to perceive sensible growth in the near future due to high market saturation. The countries such as France, UK and Germany might lead the overall demand for this regional automotive Piston Market Size.
Whereas, North America is also a foremost market for the automotive piston in support of the surge in sales for light commercial vehicles over time.
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