Press release
Automotive Piston Market Size Worth USD 5.81 Billion with 6% of CAGR, Globally, by 2028 - The Insight Partners
Engine performance can be improved if the engine assembly components are light in weight. The use of carbon-composite material in piston manufacturing reduces the weight allowing it to reciprocate at higher speed. Majority of piston manufacturers are preferring aluminum to achieve optimal engine performance. Moreover, silicon composites and magnesium can be used for making engine assembly products to reduce the overall weight. Thus, the lightweight pistons increasing fuel efficiency and huge production of ICE vehicles bolster the global automotive piston market.
According to The Insight Partners' research, the global automotive piston market accounted for US$ 3,754.64 million in 2020 and is expected to be worth US$ 5,815.15 million by 2028 to rise at a stellar CAGR of 6.0% from 2021 to 2028. The massive production of ICE vehicles and use of lightweight pistons for improved engine performance are the potential elements proliferating the market.
Sample PDF showcases the content structure and the nature of the information included in the report which presents a qualitative and quantitative analysis - https://www.theinsightpartners.com/sample/TIPRE00004327?utm_source=OpenPR&utm_medium=10051
On the contrary, the operational disadvantages of automotive pistons and surge in electric vehicle (EV) manufacturing restrict the growth of global automotive piston market.
Based on material type, the market is split into steel and aluminum. The latter held 86.7% market share in 2020, amassing US$ 3,254.17 million. It is projected to be worth US$ 4,917.59 million by 2028 to grow at 5.6% CAGR during 2021-2028.
In terms of coating type, the automotive piston market sphere is categorized into thermal barrier piston coating, dry-film piston coating, and oil shedding piston coating. The thermal barrier piston coating segment occupied 65.4% market share in 2020. It was valued at US$ 2,457.05 million in 2020 and is estimated to garner US$ 3,612.27 million by 2028 to expand at a CAGR of 9.3% over the forecast period.
As per vehicle type, the automotive piston market domain is segmented into two-wheelers, passenger vehicles, and commercial vehicles. The passenger vehicles segment captured 51.2% market share in 2020 with a revenue total of US$ 1,923.51 million. It is likely to generate US$ 2,968.28 million by 2028 to surge at 5.9% CAGR along the forecast period.
According to piston type, the global automotive piston market is categorized into flat-top piston, dish piston, and dome piston. With 65.6% share of the business, the flat-top piston dominated the market in 2020. It was evaluated at US$ 2,463.72 million in 2020 and is slated to accrue US$ 3,719.45 million by 2028 to exhibit a CAGR of 5.6% throughout the forecast period.
Click here to avail lucrative discounts on our latest reports. We offer student, enterprise, and special periodic discounts to our clientele. Please fill the inquiry form below to know more - https://www.theinsightpartners.com/discount/TIPRE00004327?utm_source=OpenPR&utm_medium=10051
Our regional analysis states that the Asia Pacific market led the business in 2020 with 51.5% market share. It was assessed at US$ 1,933.64 million in 2020 and is forecasted to be worth US$ 3,253.34 million by 2028 to register the highest CAGR at 7.0% for the forecast period.
The passenger cars and light commercial vehicles are equipped with internal combustion (IC) engines. IC engines require small-bore pistons, large-bore pistons, bearings, and castings to reduce weight, lower emissions, and improve overall engine performance. The piston manufacturers are focused on designing high-performance and long-lasting pistons that can withstand stress and wear & tear caused by engine operations. Key features of the automotive pistons include mechanical simplicity, flexibility, and multi-fuel capability.
Key players dominating the global automotive piston market are Arias Pistons; Art Metal Mfg., Ltd; Capricorn Automotive Ltd; Riken Corporation; Qufu Jinhuang Piston Co., Ltd; Mahle GmbH; Tenneco Inc; Rheinmetall Automotive AG; Shandong Binzhou Bohai Piston Co., Ltd; and Hitachi Astemo Americas, Inc, among others.
• In February 2019, Mahle GmbH designed a new steel piston with a special laser welding process for passenger car diesel engines. In July 2020, the company manufactured high-performance aluminum pistons using 3D printing techniques with the co-operation of sports car manufacturer Porsche and mechanical engineering company Trump.
• In October 2018, Tenneco Inc acquired Federal-Mogul LLC, a leading global automotive parts supplier. With this acquisition, the company can expand its product portfolio, including pistons, piston rings, piston pins, cylinder liners, and other parts.
• In April 2021, Rheinmetall partnered with ZYNP Corporation of Mengzhou, China and Riken Corporation of Tokyo to commence a new technology center in Nanjing, China. This center is going to offer customer service related to modern steel pistons.
Immediate delivery of our off-the-shelf reports and prebooking of upcoming studies, through flexible and convenient payment methods - https://www.theinsightpartners.com/buy/TIPRE00004327?utm_source=OpenPR&utm_medium=10051
Email: sales@theinsightpartners.com
Phone : +1-646-491-9876
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
According to The Insight Partners' research, the global automotive piston market accounted for US$ 3,754.64 million in 2020 and is expected to be worth US$ 5,815.15 million by 2028 to rise at a stellar CAGR of 6.0% from 2021 to 2028. The massive production of ICE vehicles and use of lightweight pistons for improved engine performance are the potential elements proliferating the market.
Sample PDF showcases the content structure and the nature of the information included in the report which presents a qualitative and quantitative analysis - https://www.theinsightpartners.com/sample/TIPRE00004327?utm_source=OpenPR&utm_medium=10051
On the contrary, the operational disadvantages of automotive pistons and surge in electric vehicle (EV) manufacturing restrict the growth of global automotive piston market.
Based on material type, the market is split into steel and aluminum. The latter held 86.7% market share in 2020, amassing US$ 3,254.17 million. It is projected to be worth US$ 4,917.59 million by 2028 to grow at 5.6% CAGR during 2021-2028.
In terms of coating type, the automotive piston market sphere is categorized into thermal barrier piston coating, dry-film piston coating, and oil shedding piston coating. The thermal barrier piston coating segment occupied 65.4% market share in 2020. It was valued at US$ 2,457.05 million in 2020 and is estimated to garner US$ 3,612.27 million by 2028 to expand at a CAGR of 9.3% over the forecast period.
As per vehicle type, the automotive piston market domain is segmented into two-wheelers, passenger vehicles, and commercial vehicles. The passenger vehicles segment captured 51.2% market share in 2020 with a revenue total of US$ 1,923.51 million. It is likely to generate US$ 2,968.28 million by 2028 to surge at 5.9% CAGR along the forecast period.
According to piston type, the global automotive piston market is categorized into flat-top piston, dish piston, and dome piston. With 65.6% share of the business, the flat-top piston dominated the market in 2020. It was evaluated at US$ 2,463.72 million in 2020 and is slated to accrue US$ 3,719.45 million by 2028 to exhibit a CAGR of 5.6% throughout the forecast period.
Click here to avail lucrative discounts on our latest reports. We offer student, enterprise, and special periodic discounts to our clientele. Please fill the inquiry form below to know more - https://www.theinsightpartners.com/discount/TIPRE00004327?utm_source=OpenPR&utm_medium=10051
Our regional analysis states that the Asia Pacific market led the business in 2020 with 51.5% market share. It was assessed at US$ 1,933.64 million in 2020 and is forecasted to be worth US$ 3,253.34 million by 2028 to register the highest CAGR at 7.0% for the forecast period.
The passenger cars and light commercial vehicles are equipped with internal combustion (IC) engines. IC engines require small-bore pistons, large-bore pistons, bearings, and castings to reduce weight, lower emissions, and improve overall engine performance. The piston manufacturers are focused on designing high-performance and long-lasting pistons that can withstand stress and wear & tear caused by engine operations. Key features of the automotive pistons include mechanical simplicity, flexibility, and multi-fuel capability.
Key players dominating the global automotive piston market are Arias Pistons; Art Metal Mfg., Ltd; Capricorn Automotive Ltd; Riken Corporation; Qufu Jinhuang Piston Co., Ltd; Mahle GmbH; Tenneco Inc; Rheinmetall Automotive AG; Shandong Binzhou Bohai Piston Co., Ltd; and Hitachi Astemo Americas, Inc, among others.
• In February 2019, Mahle GmbH designed a new steel piston with a special laser welding process for passenger car diesel engines. In July 2020, the company manufactured high-performance aluminum pistons using 3D printing techniques with the co-operation of sports car manufacturer Porsche and mechanical engineering company Trump.
• In October 2018, Tenneco Inc acquired Federal-Mogul LLC, a leading global automotive parts supplier. With this acquisition, the company can expand its product portfolio, including pistons, piston rings, piston pins, cylinder liners, and other parts.
• In April 2021, Rheinmetall partnered with ZYNP Corporation of Mengzhou, China and Riken Corporation of Tokyo to commence a new technology center in Nanjing, China. This center is going to offer customer service related to modern steel pistons.
Immediate delivery of our off-the-shelf reports and prebooking of upcoming studies, through flexible and convenient payment methods - https://www.theinsightpartners.com/buy/TIPRE00004327?utm_source=OpenPR&utm_medium=10051
Email: sales@theinsightpartners.com
Phone : +1-646-491-9876
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage
to this press release on woodPRI. woodPRI disclaims liability for any content contained in
this release.
Recommend
/newsMicroencapsulation Market Deep Analysis on Key Players - Dow Corning, Encapsys, Syngenta Crop Protection, Evonik Industries, 3M and Bayer
Market Study Report Adds Global Microencapsulation Market Size, Status and Forecast 2024 added to its database. The report provides key statistics on the current state of the industry and other analytical data to understand the market.
Extensive research is required for choosing the appropriate cor...
/newsGermany Airbag Market Size 2023: Global Share, Industry And Report Analysis By 2030 | Hyundai Mobis Co., Ltd. Key Safety Systems, Inc. Robert Bosch GmbH
Germany airbag market is expected to grow at a CAGR of around 6% during the forecast period. Germany Airbag Market research report refers to gathering and analyzing significant market data serve as best medium for various industry players to launch novel product or service. It is vital for key firms...
/newsSecurities Brokerages And Stock Exchanges Market Outlook 2021: Big Things are Happening
A new intelligence report released by HTF MI with title "Global Securities Brokerages And Stock Exchanges Market Survey & Outlook" is designed covering micro level of analysis by Insurers and key business segments, offerings and sales channels. The Global Securities Brokerages And Stock Exchange...
/newsRenewable Chemicals Market Emerging Trends and Competitive Landscape Forecast to 2028
The renewable chemicals market was valued at US$ 80,566.30 million in 2021 and is projected to reach US$ 1,76,750.76 million by 2028 it is expected to grow at a CAGR of 11.9% from 2021 to 2028. The research report focuses on the current market trends, opportunities, future potential of the market, a...
/newsHow Coronavirus is Impacting Cold Brew Coffee, Global Market Volume Analysis, Size, Share and Key Trends 2020-2026
"Market Latest Research Report 2020:
Los Angles United States, February 2020: The Cold Brew Coffee market has been garnering remarkable momentum in the recent years. The steadily escalating demand due to improving purchasing power is projected to bode well for the global market. QY Research's lates...
/newsCorporate E-Learning Market - Global Industry Size, Share, Key Players Analysis that are Infor, SkillSoft Corporation, Adrenna, CERTPOINT Systems and others with Regional Forecast to 2022
Overview:
E-Learning is used to enhance the learning procedures for newer job requirements and to make employees sound about the internal and external changes in the market and respective organizations. This method has created considerable differences in the ways of training and developing employee...
