Advancement in Automotive Technology propelling the growth of Piston Market
According to a new report published by Reports Monitor titled, “Global Automotive Piston Market, Growth Opportunities, Innovations and Forecast, 2017-2025,” the Automotive Piston market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025.
The piston is a reciprocating component in the automotive engines and gas compressors, which performs the task of transforming the energy of expanding gases into mechanical energy. The pistons are manufactured using the raw materials such as aluminum or cast iron alloys. The piston has several metal rings to prevent combustion of gases bypassing the piston and to maintain minimum friction within the cylinder liner.
Increased demand for automobiles such as two and four wheeler and other automotive segments has emerged as the primary factor in boosting the market growth. For instance: India holding the major market share in two wheelers majorly drives the market growth. Advancement in the technology has resulted in the development of innovative product design, thus playing significant role in the market growth. For instance: Ferrari is adopting 3D printing technology for the innovative piston design, with the aim to boost the performance of its formula 1 car engine. However increased penetration of electric vehicles, which does not operate on piston may slow down the market growth.
This report provides a detailed analysis of Automotive Piston market, which includes current industry situations such as market size, growth and demands, market outlook, major players with their key strategies such as investment, mergers and acquisitions, value chain analysis and swot analysis. It covers the market canvas and the growth opportunities in the coming years. The report has been made with an in-depth analysis along with important inputs from the various industry experts. The research is carried out with both extensive primary and secondary data sources with bottom-up and top-down approaches.
The automotive piston market is majorly segmented on the basis material used, piston type and vehicles. Based on the materials used for the manufacturing of pistons, market is bifurcated into: steel and aluminum, while depending upon the piston type, market is segmented into: Trunk Piston, Crosshead Piston, Slipper Piston, and Deflector Piston. Based on the adoption in the vehicles, market is classified into: two wheeler, four wheeler and heavy vehicles Asia Pacific is anticipated to dominate the automotive piston market mainly due to the increased demand for the vehicles in the countries such as India, China and Japan. Presence of major car manufacturers in China and Japan has also results as a significant factor fuelling the market growth. North America and Europe is expected to achieve a stable growth in the forecast period. The regions analyzed for the automotive piston market are: North America, Europe, Asia Pacific and LAMEA (Latin America, Middle East and Africa).
The major key players in the market are: Mahle Group , Federal-Mogul Corporation , Rheinmetall AG (KSPG AG) , Aisin Seiki Co., Ltd. , Hitachi Ltd. (Hitachi Automotive Systems) , Art Metal Mfg. Co., Ltd. , PT Astra Otoparts Tbk , Honda Foundry Co. Ltd. , Dongsuh Industrial Co., Ltd. , Shandong Binzhou Bohai Piston Co., Ltd.
We at Garner Insights.com provide a comprehensive analysis by providing in-depth reports of the various market verticals. Our Mission is to provide a detailed analysis of the vast markets worldwide backed by rich data. Decision makers can now rely on our well-defined data gathering methods to get the correct and accurate market forecasting along with detailed analysis.