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The piston market covers the following areas:
Piston Market - Driver
The increase in the launch of new engines is one of the key factors driving the piston market growth. Due to high intense competition from the local and global players, vendors in the automotive industry are mostly focused on introducing new and advanced products. New engines are witnessed to have improved power and efficiency, a few examples of such engines are Ferrari Roma, 2019 v8 turbo engine 3.9 liters, Audi RS Q8 4 liter, and v8 gasoline engine. These engines are made of lightweight pistons and con rods, enhancing the internal efficiency of engines. Thus, the global automotive piston market growth is expected to be fueled up by the increasing launch of new engines.
Piston Market - Challenge
The growth in the demand for engine downsizing is a major challenge for the global piston market growth. The global automotive industry is focused on creating fuel-efficient and high-performing engines, resulting in enterprises opting for energy-efficient engines leading to the demand for engine downsizing to be more energy-efficient. It has been noticed by the various OEMs that downsized engines are more efficient and reduce torque and fuel consumption. Therefore, reducing the size of the engine results in minimizing cylinders, thus the number of pistons used is also proportionally reduced. This is estimated to have an adverse impact on the global automotive piston market growth during the forecast period.
Piston Market - Segmentation
Technavio analyzes the piston market by Application (Transport and Others) and Geography (APAC, North America, Europe, MEA, and South America). Technavio report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.
Companies Mentioned
The piston market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. The report analyzes the market's competitive landscape and offers information on several market vendors, including:
- Aisin Corp.
- Amsted Industries
- Arias Pistons
- MAHLE GmbH
- MING SHUN INDUSTRIAL CO. LTD.
- Rheinmetall AG
- Ross Racing Pistons
- Shandong Binzhou Bohai Piston Co. Ltd.
- Shriram Pistons and Rings Ltd.
- Tenneco Inc.
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Piston Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Decelerate at a CAGR of 7.55% |
Market growth 2022-2026 |
USD 15.12 billion |
Market structure |
Fragmented |
YoY growth (%) |
7.58 |
Regional analysis |
APAC, North America, Europe, MEA, and South America |
Performing market contribution |
APAC at 57% |
Key consumer countries |
China, US, Germany, India, and Russian Federation |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Aisin Corp., Amsted Industries, Arias Pistons, MAHLE GmbH, MING SHUN INDUSTRIAL CO. LTD., Rheinmetall AG, Ross Racing Pistons, Shandong Binzhou Bohai Piston Co. Ltd., Shriram Pistons and Rings Ltd., and Tenneco Inc. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period, |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized |
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
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SOURCE Technavio
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