
The global automotive piston market size is anticipated to expand at a significant CAGR during the forecast period, from 2020 to 2027, owing to growing demand and production for passenger vehicles across several countries. A piston is considered as one of the most vital components of an automobile engine. A piston is a cylindrical component that moves a pressure-tight chamber or tube up and down. The movement of the piston pressurizes a fluid, either liquid or gas to produce or transfer movement. The piston operation is broken up into phases known as strokes. The position of the piston, which determines the top, center, and bottom parts of the cylinder indicates a piston stroke.
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Market Trends, Drivers, Restraints, and Opportunities:
Increasing demand for lightweight pistons clubbed with rising demand for passenger car gasoline enginesis a major factor resulting in the expansion of the global automotive piston market. Tendency towards double cylinder engines premium segments motorbikes is another major factor driving the market growth. Rising preference towards electric vehicles is a key factor hindering the growth of the global market. Introduction of advanced manufacturing processes along with the usage of alternative materials is creating several growth opportunities for automotive pistons. Additionally, extreme wear and tear of vehicle engines is another factor, which is expected to create various growth opportunities in the global market.
Automotive Piston Market Segment Insights:
Based on materials, the automotive piston market has been bifurcated into aluminum and steel. The aluminum segment is estimated to hold significant share of the global market and is anticipated to grow at a swift pace due to the lightweight attributes provided by the material. Additionally, aluminum efficiently manages the heat of combustion and can be easily mass produced.
On the basis of fuel, the market has been segmented into gasoline, diesel, and alternate fuel. The diesel segment is estimated to hold a substantial share and is anticipated to expand at considerable pace owing to the increase usage of diesel based commercial vehicles.
In terms of piston types, the market has been categorized as trunk piston, crosshead piston, slipper piston, deflector piston, and racing piston. The crosshead piston segment is estimated to expand at a significant growth rate majorly due to its advantages over the trunk pistons as its lubricating oil is not subject to the heat of combustion.
Based on vehicle types, the market has been classified into passenger vehicle, light commercial vehicle, and heavy commercial vehicle. The passenger vehicle segment is anticipated to grow at a substantial CAGR owing to increase in demand for personal transport vehicles in several countries such as China, the US, Japan, Germany, and Russia. This is expected to boost the demand for automotive piston for passenger vehicles.
In terms of regions, the global automotive piston market has been classified as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific held a large share of the market and this trend is anticipated to continue during the forecast period owing to the large presence of automotive components manufacturers in the region. Additionally, increasing sales of passenger as well as commercial vehicles in the region is further expected to boost the growth of the market in the region. However, the market in North America is projected to expand at a considerable growth ratedue to the use of advanced technologies in the region for automotive components. Moreover, initiatives taken by major auto manufacturers seeking to increase their presence in the region is a major factor fueling the growth of the market in the region.
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