The global piston market is a huge market whose revenue size was calculated to be US$ 8.69 Billion in 2017 and is expected to reach US$ 13.39 Billion by the end of 2025 growing at CAGR of 5.4% during the forecasting period of 2018-2025
Introduction
A piston is a device installed in various automobile and machine engines. It is a gas enclosed cylinder tightly enclosed by a piston ring. The device works by delivering the force of the gas to the crankshaft which in turn provides the rotational momentum to the flywheel. The piston has become the ultimate need of today’s world because of the high use of machines as more than 96% of the heavy machines in work today are installed with pistons.
The global piston market Growth and Trends
The primary factor contributing to the piston market growth is the substantially increasing demand for vehicles and its production. The increase in demand in the automobile sector is the driving force for the increase in the piston market demand. The piston is used to improve the efficiency of the engine thus resulting in its extensive usage in the automotive sector.
Advancements in the automotive sector is a key contributor to the increase in the piston market demand. For example, premium segment bikes require double cylindrical engines when compared to the normal bikes needing just one cylindrical engine thus boosting the piston market trend. Also, high wear and tear of engine parts are anticipated to increase the market demand.
The demand for the piston is increasing exponentially due to the rise in the demand for vehicles and its production. Thus, the demand for the piston is ultimately governed by automobile production. To improve the efficiency of the engine, the lightweight piston is highly suitable. Hence, the need for continuous development of the engine boosts the growth of the global market. Furthermore, automobile sales across different segments such as four-wheelers and two-wheelers among others are growing and are expected to drive the growth of the global automotive piston market. Moreover, premium segment bikes in the two-wheelers market are inclined toward double cylinder engines over conventional single-cylinder engines. Therefore, an increase in the production of premium segment bikes is anticipated to contribute to the growth of the global automotive piston market. Also, an increase in demand for light and heavy commercial vehicles and passenger cars is expected to fuel the growth of the global market
A couple of challenges that hinder the piston market growth are the increase in the demand for downsizing the engine and the growing demand for electric vehicles.
Analysis by Application
As far as the application is concerned, the pistons are used in mainly machinery and automobile engines. The pistons are the devices converting force to mechanical work by producing the rotational momentum. The engines work more efficiently with a piston instead of the old power producing systems. Automobile companies use better quality pistons to improve the efficiency and the durability of their engines.
Analysis by Region
APAC is the biggest market in the world with leading two countries i.e. China and India. China is the biggest market shareholder having a 35% share in the APAC region and a 16% share in the International market. Then is Europe which is second on the list of market shareholding regions. North America is third in this regard and the Latin America and Africa stand at equal market shares. Trending down-sized automobile engines and rising demand for lighter and efficient piston systems are expected to drive the global piston market. North America is expected to lead the market with a growing population and increasing disposable income coupled with increasing expenditure of consumers on personal vehicles.
Europe too is expected to navigate exponential growth in the market attributed to increased overall production of automobiles that contributes to strengthening the growth of the piston market in the region.
Also, the Asia Pacific region is estimated to pave its way through a growth patch with a rise in consumer demand for vehicles and seamless production of vehicles by key manufacturers in the region. Moreover, the Middle East and Africa are anticipated to register an amplifying growth in the market with increasing demand for light and heavy commercial vehicles and passenger cars.
nding down-sized automobile engines and rising demand for lighter and efficient piston systems are expected to drive the global piston market. North America is expected to lead the market with a growing population and increasing disposable income coupled with increasing expenditure of consumers on personal vehicles.
Europe too is expected to navigate exponential growth in the market attributed to increased overall production of automobiles that contributes to strengthening the growth of the piston market in the region.
Also, the Asia Pacific region is estimated to pave its way through a growth patch with a rise in consumer demand for vehicles and seamless production of vehicles by key manufacturers in the region. Moreover, the Middle East and Africa are anticipated to register an amplifying growth in the market with increasing demand for light and heavy commercial vehicles and passenger cars.
Analysis by Companies
Regarding the companies, the market is solely run by four major companies which include Aisin-Seiki Co. Ltd., KSPG AG, Hitachi Automotive Systems and Federal-Mogul. These four companies 60% market share and are the major suppliers to most of the world. About US$ 5 billion is almost in the hands of these four companies out of the whole market revenue.
Analysis by Material
The pistons come in two major forms of materials. The first one is the stainless steel design which is very much prevalent in the market. This material is strong and very efficient. The Aluminum pistons are second to the steel. Aluminum is very tough and provides very good efficiency but is costly as compared to the steel which makes the steel more prevalent in the market. The local market also manufactures pistons in the iron but that is used in low-quality local machines and is not up to the mark of the International market.
Coverage Highlights
• Market Revenue Estimation and Forecast (2019 – 2025)
• Market Production Estimation and Forecast (2019 – 2025)
• Market Sales/Consumption Volume Estimation and Forecast (2019 – 2025)
• Breakdown of Revenue by Segments (2019 – 2025)
• Breakdown of Production by Segments (2019 – 2025)
• Breakdown of Sales Volume by Segments (2019 – 2025)
• Business Trend and Expansion Analysis
• Regional Analysis and Market Data Breakdown
MARKET SEGMENTATION
By Type
• Trunk Piston
• Crosshead Piston
• Slipper Piston
• Deflector Piston
By Coating
• Thermal barrier Coating Piston
• Dry Film Lubricating Coating Piston
• Oil Shedding Coating Piston
By Vehicle
• Two Wheeler
• Three Wheeler
• Four Wheeler
By Material
• Stainless steel
• Aluminum
By Companies
• Mahle Gmbh
• Aisin-Seiki Co. Ltd.
• KSPG AG
• Hitachi Automotive Systems
• Federal-Mogul
• Indian Piston Limited
• Arias Piston
• Capricorn Automotive
• Ross Racing Piston
By Region
• North America
• United States
• Canada
• Latin America
• Brazil
• Mexico
• Argentina
• Europe
• The U.K.
• Germany
• France
• Italy
• Spain
• Hungary
• Belgium
• Netherlands
• Luxembourg
• Norway
• Denmark
• Sweden
• Finland
• Poland
• Russia
• Asia-Pacific
• China
• India
• Japan
• South Korea
• Malaysia
• Indonesia
• Taiwan
• Hong Kong
• Australia
• New Zealand
• The Middle East and Africa
• Israel
• Saudi Arabia
• UAE
• Bahrain
• Kuwait
• Qatar
• Oman
• North Africa
• South Africa
