What is the current size and annual growth rate of the piston market?
The piston market size has grown strongly in recent years. It will grow from $3.57 $ billion in 2024 to $3.78 $ billion in 2025 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to growth in automation, economic growth in emerging markets, increasing urbanization, growth in the agricultural sector, rise in construction activities.
The piston market size is expected to see strong growth in the next few years. It will grow to $4.68 $ billion in 2029 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to rising automotive production, stringent emission norms, increasing demand for replacement pistons, rising demand for performance vehicles, expansion of the aerospace industry. Major trends in the forecast period include development of lightweight materials, development of hybrid engines, advancements in manufacturing processes, shift towards downsizing engines, investment in infrastructure projects.
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Which major factors have contributed to the expansion of the piston market?
The rise in the production and sale of vehicles is expected to propel the growth of the piston market going forward. A vehicle is a means of Transport & Logisticsation designed to carry people or goods from one place to another, typically powered by an engine or motor. The increase in vehicle production and sales is due to increasing consumer demand for mobility, advancements in automotive technology, and economic growth driving higher disposable incomes. Pistons are required in vehicles to convert the energy from fuel combustion into mechanical motion that drives the engine and powers its movement. For instance, in March 2024, according to a report published by the Society of Motor Manufacturers and Traders, a UK-based trade association, UK car production increased by 14.6% in February 2024, reaching 79,907 units. Therefore, the rise in the production and sale of vehicles is driving the growth of the piston market.
How is the piston market segmented?
The pistonmarket covered in this report is segmented –
1) By Piston Type: Trunk Piston, Crosshead Piston, Slipper Piston, Deflector Piston
2) By Material Type: Steel, Aluminum
3) By Piston Coating Type: Thermal Barrier Coating Piston, Dry Film Lubricating Coating Piston, Oil Shedding Coating Piston
4) By Application: Automotive, Marine, Aerospace, Industrial Machinery, Power Generation, Construction Equipment
Subsegments:
1) By Trunk Piston: Single Trunk Piston, Double Trunk Piston, Piston Rings And Accessories
2) By Crosshead Piston: Marine Crosshead Piston, Stationary Engine Crosshead Piston, Piston Components
3) By Slipper Piston: Flat Slipper Piston, Dome-Shaped Slipper Piston, Slipper Piston For Automotive Applications
4) By Deflector Piston: Piston With Cooling Deflector, Piston With Oil Deflector, Deflector Piston For High-Performance Engines
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Who are the top competitors in the piston market?
Major companies operating in the piston market are Guangzhou Automobile Group Co. Ltd., PT Astra Otoparts Tbk, Mahle GmbH, Yoosung Enterprise Co. Ltd., KSPG Automotive Brazil, Cosworth Ltd., Shriram Pistons & Rings Ltd., Menon Pistons Ltd., Yuhuan HUIYU Tappet Co. Ltd., CP-Carrillo Inc., Elgin Industries Inc., Wiseco Inc., Teksid S.p.A., JE Pistons Inc., Federal-Mogul Corporation, Honda Foundry Co. Ltd., India Pistons Limited, Diamond Pistons Inc., Ross Racing Pistons Co., Arias Pistons Ltd., ART Metal Mfg. Co. Ltd., Capricorn Automotive Ltd., CP Pistons, Meteor Piston S.r.l., Wossner Pistons Inc.
Which key trends are expected to influence the piston market in the coming years?
Major companies operating in the piston market are focused on developing advanced products, such as additively manufactured car engine pistons, to reduce weight and optimize material use, which can enhance engine performance. Additively manufactured (AM) car engine pistons are components produced using 3D printing rather than traditional manufacturing methods. For instance, in May 2022, XJet Ltd., an Israel-based provider of 3D printing solutions for metal and ceramic, launched an additively manufactured car engine piston made entirely of ceramic for Spyros Panopoulos Automotive (SPA). This piston is its cutting-edge design for additive manufacturing, which customizes the component’s shape according to the forces it experiences. This method optimizes the piston’s weight while maintaining essential properties such as strength and temperature resistance by minimizing material that isn’t needed and reinforcing areas that require additional strength. This results in an organic, complex structure that is both lightweight and robust, a critical attribute for the high-performance engine of the Chaos Ultracar.
Which regional trends are influencing the piston market, and which area dominates the industry?
North America was the largest region in the piston market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the piston market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Piston Market Report 2025 Offer?
The piston market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
A piston is a cylindrical component within an engine or other machinery that moves back and forth within a chamber. Its primary function is to transfer force from expanding gases or fluids to a mechanical system. Pistons are a critical part of many engines and hydraulic systems, and their design and materials are crucial for efficient performance and durability.
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