DUBLIN, Oct. 23, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/j93p4w/global_automotive) has announced the addition of the "Global Automotive Piston System Market 2015-2019" report to their offering.
The global automotive piston market to grow at a CAGR of 5.65% over the period 2014-2019.
This report covers the present scenario and the growth prospects of the global automotive piston market for the period 2015-2019. The market size is calculated based on the revenue generated through the sales of automotive pistons globally. The report presents five key vendors and a detailed analysis of these vendors. Based on the type of material used for automotive piston manufacturing, the market is segmented into aluminum-based pistons and steel-based pistons. The report includes a discussion of the key vendors operating in this market.
Sourcing products from low-cost countries has significantly increased during the past decade. Low-cost countries in APAC such as China and India have a strong positive impact on the automotive piston and the ancillary products markets, which has established cost competitiveness in the market for global players in this sector. With the rise in manufacturing costs, existing piston manufacturers in the US 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 the relatively low cost of the skilled workforce in emerging economies such as South Korea, China and India are attracting manufacturers to shift their operations in these countries.
According to the report, 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. Improvements in the economic conditions of emerging countries have increased the demand for and production of automobiles in these countries. The growing demand for commercial vehicles in these countries is also boosting the growth of the automotive piston market.
Further, the report states that the shifting focus on EVs would pose a significant degree of threat to the automotive piston market during the forecast period.
- Aisin Seiki
- Art Metal
- Mahle Group
Other prominent vendors
- Arias Piston
- Capricorn Automotive
- Celina Aluminum Precision Technology
- Cheng Shing Piston
- Day Piston
- Hitachi Automotive Systems
- JE Pistons
- Piston Automotive
- ROSS RACING PISTONS
- Shandong Binzhou Bohai Piston
- Shriram Pistons & Rings
- Topline Automotive Engineering
- United Engine and Machine
- Wiseco Piston
- Wössner Kolben
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Global automotive market landscape
Part 06: Global automotive market segmentation by vehicle type
Part 07: Global automotive market segmentation by geography
Part 08: Supply chain analysis of the automotive industry
Part 09: Global automotive piston market landscape
Part 10: Market size and forecast
Part 11: Market segmentation by material type
Part 12: Geographical segmentation
Part 13: Market drivers
Part 14: Impact of drivers
Part 15: Impact of drivers and challenges
Part 16: Market trends
Part 17: Vendor landscape
Part 18: Key vendor analysis
Part 19: Appendix
For more information visit http://www.researchandmarkets.com/research/j93p4w/global_automotive
Laura Wood, +353-1-481-1716, [email protected]
SOURCE Research and Markets