Piston Market Report 2024 – Piston Market Size, Share And Trends | Guangzhou Automobile Group Co. Ltd., PT Astra Otoparts Tbk, Mahle GmbH

The piston market size is expected to see strong growth in the next few years. It will grow to $4.44 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. 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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Scope Of Piston Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Piston Market Overview

Market Drivers –
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 transportation 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.

Market Trends –
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.

The piston market 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

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Regional Insights –
North America was the largest region in the piston market in 2023. 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.

Key Companies –
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.

Table of Contents
1. Executive Summary
2. Piston Market Report Structure
3. Piston Market Trends And Strategies
4. Piston Market – Macro Economic Scenario
5. Piston Market Size And Growth
…..
27. Piston Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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