The global automotive piston pin market size reached US$ 294.1 million in 2023. The market is projected to reach US$ 393.7 million by 2032, exhibiting a growth rate (CAGR) of 3.29% during 2023-2032. The growing production of various automobile products, the lack of suitable infrastructure and various shortcomings of electric vehicles compared to ICE vehicles, and the rising adoption of composite materials to minimize the weight of the piston pins and enhance durability represent some of the key factors driving the market.
An automotive piston pin, also known as the gudgeon pin, is a small, metal component that helps to connect the piston and crankshaft in a piston engine. It is typically made of steel and has a round, cylindrical shape. In internal combustion engines, piston pins connect the piston to the connecting rod, which functions as an auxiliary unit to support the piston's movement. The pins are designed to handle all the stresses and wear involved during operation as well as the loading stress. The most accepted materials for the manufacturing of automotive piston pins are steel, titanium, and aluminium. In addition to oil shedding, thermal coating, and powder coating, different coatings improve piston pin wear resistance. Compared to the steel piston system, the aluminium piston system is lighter, but steel pistons provide a better support for more demanding systems.
An automotive piston pin, also known as the gudgeon pin, is a small, metal component that helps to connect the piston and crankshaft in a piston engine. It is typically made of steel and has a round, cylindrical shape. In internal combustion engines, piston pins connect the piston to the connecting rod, which functions as an auxiliary unit to support the piston's movement. The pins are designed to handle all the stresses and wear involved during operation as well as the loading stress. The most accepted materials for the manufacturing of automotive piston pins are steel, titanium, and aluminium. In addition to oil shedding, thermal coating, and powder coating, different coatings improve piston pin wear resistance. Compared to the steel piston system, the aluminium piston system is lighter, but steel pistons provide a better support for more demanding systems.
Automotive Piston Pin Market Trends
The global market is primarily driven by the expanding production of various automobile products, particularly the ICE vehicles. This can be attributed to the increasing sales of ICE vehicles which is leading to significant production volumes. In line with this, the lack of suitable infrastructure and various shortcomings of electric vehicles compared to ICE vehicles such as short-range and high initial cost is driving the demand for ICE vehicles, which, in turn, is propelling the market growth. Moreover, continual technological advancements in the development of effective cooling methods in piston technology are also creating lucrative growth opportunities in the market. Besides this, numerous product innovations, such as the rising adoption of composite materials to minimize the weight of the piston pins, enhance durability and withstand loading stresses, are fueling the market. The market is further driven by the presence of well-established aftermarket and the increasing number of OEMs and Tier I suppliers on the global level. However, stringent emission norms resulting in an augmenting demand for battery-operated vehicles is acting as a major factor that is hindering the market growth. On the contrary, the emergence of engines that use renewable oil and gas resources, such as CNG, LPG and ethanol, as well as the development of hybrid vehicles with traditional piston-cylinder assembly are creating a positive outlook for the market. Some of the other factors contributing to the market include the escalating demand for passenger cars, extensive research and development (R&D) activities in the metallurgy and material science sector, inflating disposable income levels, and rapid urbanization.Key Market Segmentation:
The report provides an analysis of the key trends in each segment of the global automotive piston pin market, along with forecasts at the global, regional, and country level from 2023-2032. The report has categorized the market based on material, coating type, vehicle type, fuel type, and sales channel.Material Insights:
- Steel
- Aluminium
- Titanium
Coating Type Insights:
- DLC (Diamond-Like Carbon) Coating
- PVD (Physical Vapor Deposition) Coating
- Dry Film Lubricants
- Thermal Coating/Thermal Barrier Coating
- Oil Shedding
- Powder Coating
- Others
Vehicle Type Insights:
- Passenger Car
- LCV
- HCV
- Others
Fuel Type Insights:
- Gasoline
- Diesel
- Alternative Fuel
Sales Channel Insights:
- OEM
- Aftermarket
Regional Insights:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
- Competitive Landscape
Key Questions Answered in This Report:
- How has the global automotive piston pin market performed so far and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global automotive piston pin market?
- What are the key regional markets?
- Which countries represent the most attractive automotive piston pin markets?
- What is the breakup of the market based on the material?
- What is the breakup of the market based on the coating type?
- What is the breakup of the market based on the vehicle type?
- What is the breakup of the market based on the fuel type?
- What is the breakup of the market based on the sales channel?
- What is the competitive structure of the global automotive piston pin market?
- Who are the key players/companies in the global automotive piston pin market?
Table of Contents
1 Preface3 Executive Summary13 Value Chain Analysis15 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Automotive Piston Pin Market
6 Market Breakup by Material
7 Market Breakup by Coating Type
8 Market Breakup by Vehicle Type
9 Market Breakup by Fuel Type
10 Market Breakup by Sales Channel
11 Market Breakup by Region
12 Drivers, Restraints, and Opportunities
14 Porters Five Forces Analysis
16 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Aisin Corporation
- Art-Serina Piston Co. Ltd.
- Burgess-Norton Mfg. Co. Inc. (Amsted Industries Incorporated)
- Elgin Industries Inc.
- Excel Industries Rajkot
- JE Pistons (Race Winning Brands Inc.)
- MAHLE GmbH (MAHLE-STIFTUNG GmbH)
- Ming Shun Industrial Co. Ltd.
- Rheinmetall AG
- Ross Racing Pistons
- Shriram Pistons & Rings Ltd.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 141 |
| Published | January 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 294.1 Million |
| Forecasted Market Value ( USD | $ 393.7 Million |
| Compound Annual Growth Rate | 3.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
