The automotive piston market size has grown strongly in recent years. It will grow from $4.02 billion in 2023 to $4.25 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth observed in the historical period was driven by an increase in vehicle production, expansion within the automotive industry, globalization trends, the emergence of electric vehicles, and rising demand for hybrid vehicles.
The automotive piston market size is expected to see strong growth in the next few years. It will grow to $5.36 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. Anticipated growth in the forecast period will be fueled by the proliferation of connected and autonomous vehicles, rising demand for gasoline engines in passenger cars, heightened emphasis on fuel efficiency, increasing demand for commercial vehicles, and a surge in demand for diesel engines. Key trends expected in this period include advancements in manufacturing technologies, innovations in internal combustion engine technology, integration of sensors and smart technologies, developments in coatings and surface treatments, and the expansion of automation and precision manufacturing.
The automotive piston market is expected to grow significantly due to the increasing production of vehicles. This growth is driven by rising global demand for automobiles, spurred by urbanization and the growing need for personal transportation. Automotive pistons play a critical role in vehicle engines by converting energy from fuel combustion into mechanical motion, powering the vehicle's movement through the crankshaft. For example, in May 2023, global motor vehicle production reached 85.4 million units, marking a 5.7% increase from 2021, according to the European Automobile Manufacturers Association (ACEA), based in Belgium. This trend underscores how the expanding vehicle production is fueling the automotive piston market's expansion.
Innovative advancements in the automotive piston market include the development of hydrogen-fueled linear single-piston engines, aimed at enhancing vehicle performance, fuel efficiency, and emissions control. These engines operate using hydrogen and feature a single piston moving in a linear motion. For instance, Aquarius Engines, an Israel-based company specializing in linear internal combustion engines, introduced a lightweight (10 kg) hydrogen-fueled engine in May 2021. This technology offers a cost-effective, environmentally friendly alternative to conventional combustion engines and hydrogen fuel cells. Aquarius' hydrogen engine, based on patented single-piston linear engine technology, operates exclusively on hydrogen and can function as an onboard vehicle power generator or standalone electricity generator. Its innovative internal gas exchange mechanism and simple design, comprising only 20 components and one moving part, contribute to high efficiency and low maintenance compared to traditional engines.
In November 2022, Taglich Private Equity, a US-based value-oriented financial sponsor, acquired RaceTec Pistons for an undisclosed sum. This acquisition is intended to bolster Taglich's presence in the high-performance automotive aftermarket. By integrating RaceTec's esteemed brand, experienced management team, and robust manufacturing capabilities into its portfolio, Taglich aims to enhance its market position. Additionally, Taglich plans to pursue additional acquisition opportunities to accelerate growth and diversify its product offerings. RaceTec Pistons, based in the US, specializes in manufacturing high-performance pistons for the automotive aftermarket and racing sectors.
Major companies operating in the automotive piston market are General Motors Company, Hitachi Ltd., Continental AG, Mitsubishi Heavy Industries Ltd, Toyota Industries Corporation, Tenneco Inc., Yamaha Motor Co. Ltd., Mahle GmbH, Rheinmetall Automotive AG, TPR Co. Ltd, PT Astra Otoparts Tbk, Riken Corporation, ZYNP Corporation, Shriram Pistons and Rings Ltd., Cosworth Group Holdings Ltd., Federal-Mogul Corporation, Elgin Industries, Wiseco Piston Inc, CP Pistons Carrillo Industries Inc, Hastings Manufacturing Company, J&E Pistons Manufacturing Inc., United Engine & Machine Co. Inc., Wossner GmbH, Honda Foundry Co. Ltd, Ross Racing Piston.
Asia-Pacific was the largest region in the automotive piston market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive piston market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the automotive piston market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
An automotive piston is a cylindrical component, usually made from aluminum alloy or cast iron, that moves vertically within the cylinder of an internal combustion engine. Its primary role is to transfer force generated by expanding gases in the combustion chamber to the crankshaft via the connecting rod. This process converts chemical energy from fuel combustion into mechanical energy, which propels the vehicle forward.
There are several types of automotive pistons trunk piston, crosshead piston, slipper piston, and deflector piston. The trunk piston, commonly used in automotive and marine engines, comes with various coatings such as oil shedding, dry film lubrication, and thermal barrier coatings. These pistons are utilized across different vehicle categories, including commercial vehicles, heavy commercial vehicles, light commercial vehicles, passenger vehicles, and two-wheelers. They are distributed through various channels, including original equipment manufacturers (OEMs) and the aftermarket.
The automotive piston market research report is one of a series of new reports that provides automotive piston market statistics, including automotive piston industry global market size, regional shares, competitors with an automotive piston market share, detailed automotive piston market segments, market trends and opportunities, and any further data you may need to thrive in the automotive piston industry. This automotive piston market research report delivers a complete perspective on everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The automotive piston consist of sales of products including connecting rods, cylinder liners, forged pistons, taper pistons, piston skirts, performance parts, and piston assemblies. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The automotive piston market size is expected to see strong growth in the next few years. It will grow to $5.36 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. Anticipated growth in the forecast period will be fueled by the proliferation of connected and autonomous vehicles, rising demand for gasoline engines in passenger cars, heightened emphasis on fuel efficiency, increasing demand for commercial vehicles, and a surge in demand for diesel engines. Key trends expected in this period include advancements in manufacturing technologies, innovations in internal combustion engine technology, integration of sensors and smart technologies, developments in coatings and surface treatments, and the expansion of automation and precision manufacturing.
The automotive piston market is expected to grow significantly due to the increasing production of vehicles. This growth is driven by rising global demand for automobiles, spurred by urbanization and the growing need for personal transportation. Automotive pistons play a critical role in vehicle engines by converting energy from fuel combustion into mechanical motion, powering the vehicle's movement through the crankshaft. For example, in May 2023, global motor vehicle production reached 85.4 million units, marking a 5.7% increase from 2021, according to the European Automobile Manufacturers Association (ACEA), based in Belgium. This trend underscores how the expanding vehicle production is fueling the automotive piston market's expansion.
Innovative advancements in the automotive piston market include the development of hydrogen-fueled linear single-piston engines, aimed at enhancing vehicle performance, fuel efficiency, and emissions control. These engines operate using hydrogen and feature a single piston moving in a linear motion. For instance, Aquarius Engines, an Israel-based company specializing in linear internal combustion engines, introduced a lightweight (10 kg) hydrogen-fueled engine in May 2021. This technology offers a cost-effective, environmentally friendly alternative to conventional combustion engines and hydrogen fuel cells. Aquarius' hydrogen engine, based on patented single-piston linear engine technology, operates exclusively on hydrogen and can function as an onboard vehicle power generator or standalone electricity generator. Its innovative internal gas exchange mechanism and simple design, comprising only 20 components and one moving part, contribute to high efficiency and low maintenance compared to traditional engines.
In November 2022, Taglich Private Equity, a US-based value-oriented financial sponsor, acquired RaceTec Pistons for an undisclosed sum. This acquisition is intended to bolster Taglich's presence in the high-performance automotive aftermarket. By integrating RaceTec's esteemed brand, experienced management team, and robust manufacturing capabilities into its portfolio, Taglich aims to enhance its market position. Additionally, Taglich plans to pursue additional acquisition opportunities to accelerate growth and diversify its product offerings. RaceTec Pistons, based in the US, specializes in manufacturing high-performance pistons for the automotive aftermarket and racing sectors.
Major companies operating in the automotive piston market are General Motors Company, Hitachi Ltd., Continental AG, Mitsubishi Heavy Industries Ltd, Toyota Industries Corporation, Tenneco Inc., Yamaha Motor Co. Ltd., Mahle GmbH, Rheinmetall Automotive AG, TPR Co. Ltd, PT Astra Otoparts Tbk, Riken Corporation, ZYNP Corporation, Shriram Pistons and Rings Ltd., Cosworth Group Holdings Ltd., Federal-Mogul Corporation, Elgin Industries, Wiseco Piston Inc, CP Pistons Carrillo Industries Inc, Hastings Manufacturing Company, J&E Pistons Manufacturing Inc., United Engine & Machine Co. Inc., Wossner GmbH, Honda Foundry Co. Ltd, Ross Racing Piston.
Asia-Pacific was the largest region in the automotive piston market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive piston market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the automotive piston market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
An automotive piston is a cylindrical component, usually made from aluminum alloy or cast iron, that moves vertically within the cylinder of an internal combustion engine. Its primary role is to transfer force generated by expanding gases in the combustion chamber to the crankshaft via the connecting rod. This process converts chemical energy from fuel combustion into mechanical energy, which propels the vehicle forward.
There are several types of automotive pistons trunk piston, crosshead piston, slipper piston, and deflector piston. The trunk piston, commonly used in automotive and marine engines, comes with various coatings such as oil shedding, dry film lubrication, and thermal barrier coatings. These pistons are utilized across different vehicle categories, including commercial vehicles, heavy commercial vehicles, light commercial vehicles, passenger vehicles, and two-wheelers. They are distributed through various channels, including original equipment manufacturers (OEMs) and the aftermarket.
The automotive piston market research report is one of a series of new reports that provides automotive piston market statistics, including automotive piston industry global market size, regional shares, competitors with an automotive piston market share, detailed automotive piston market segments, market trends and opportunities, and any further data you may need to thrive in the automotive piston industry. This automotive piston market research report delivers a complete perspective on everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The automotive piston consist of sales of products including connecting rods, cylinder liners, forged pistons, taper pistons, piston skirts, performance parts, and piston assemblies. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Automotive Piston Market Characteristics3. Automotive Piston Market Trends and Strategies32. Global Automotive Piston Market Competitive Benchmarking33. Global Automotive Piston Market Competitive Dashboard34. Key Mergers and Acquisitions in the Automotive Piston Market
4. Automotive Piston Market - Macro Economic Scenario
5. Global Automotive Piston Market Size and Growth
6. Automotive Piston Market Segmentation
7. Automotive Piston Market Regional and Country Analysis
8. Asia-Pacific Automotive Piston Market
9. China Automotive Piston Market
10. India Automotive Piston Market
11. Japan Automotive Piston Market
12. Australia Automotive Piston Market
13. Indonesia Automotive Piston Market
14. South Korea Automotive Piston Market
15. Western Europe Automotive Piston Market
16. UK Automotive Piston Market
17. Germany Automotive Piston Market
18. France Automotive Piston Market
19. Italy Automotive Piston Market
20. Spain Automotive Piston Market
21. Eastern Europe Automotive Piston Market
22. Russia Automotive Piston Market
23. North America Automotive Piston Market
24. USA Automotive Piston Market
25. Canada Automotive Piston Market
26. South America Automotive Piston Market
27. Brazil Automotive Piston Market
28. Middle East Automotive Piston Market
29. Africa Automotive Piston Market
30. Automotive Piston Market Competitive Landscape and Company Profiles
31. Automotive Piston Market Other Major and Innovative Companies
35. Automotive Piston Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Automotive Piston Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on automotive piston market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for automotive piston? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The automotive piston market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Piston Type: Trunk Piston; Crosshead Piston; Slipper Piston; Deflector Piston2) By Component Type: Piston; Piston Rings; Piston Pin
3) By Coating Type: Oil Shedding; Dry Film Lubrication; Thermal Barrier
4) By Vehicle: Commercial Vehicle; Heavy Commercial Vehicle; Light Commercial Vehicle; Passenger Vehicle; Two-Wheeler
5) By Distribution Channel: Original Equipment Manufacturer (OEM); Aftermarket
Key Companies Mentioned: General Motors Company; Hitachi Ltd.; Continental AG; Mitsubishi Heavy Industries Ltd; Toyota Industries Corporation
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- General Motors Company
- Hitachi Ltd.
- Continental AG
- Mitsubishi Heavy Industries Ltd
- Toyota Industries Corporation
- Tenneco Inc.
- Yamaha Motor Co. Ltd.
- Mahle GmbH
- Rheinmetall Automotive AG
- TPR Co. Ltd
- PT Astra Otoparts Tbk
- Riken Corporation
- ZYNP Corporation
- Shriram Pistons and Rings Ltd.
- Cosworth Group Holdings Ltd.
- Federal-Mogul Corporation
- Elgin Industries
- Wiseco Piston Inc
- CP Pistons Carrillo Industries Inc
- Hastings Manufacturing Company
- J&E Pistons Manufacturing Inc.
- United Engine & Machine Co. Inc.
- Wossner GmbH
- Honda Foundry Co. Ltd
- Ross Racing Piston
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | August 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 4.25 Billion |
Forecasted Market Value ( USD | $ 5.36 Billion |
Compound Annual Growth Rate | 5.9% |
Regions Covered | Global |