Numerous causes, such as rising vehicle demand, improvements in automotive technology, increased usage of lightweight materials like aluminium alloy pistons, and strict pollution rules, can be credited for the expansion of the piston market. Over the projected period, the demand for pistons is anticipated to be driven by the rising demand for both passenger automobiles and commercial vehicles. The market is expanding as a result of the rising demand for lightweight materials and cutting-edge manufacturing techniques for pistons.
The need for pistons is being driven by the rising demand for automobiles, improvements in automotive technology, and strict pollution standards. Over the course of the projection period, the demand for pistons has also increased as a result of the rising demand for lightweight materials and cutting-edge production techniques.
The piston market has a number of benefits, including increased fuel efficiency, lighter weight, and higher robustness. Additionally, the usage of aluminium alloy pistons is enhancing fuel efficiency and improving engine performance. For high-performance vehicles, manufacturers can now build lighter but stronger pistons thanks to technological advancements. This assists automakers in enhancing engine architecture and lowering emissions, which is advantageous for both vehicle performance and the environment.
An internal combustion engine's cylindrical piston aids in the transformation of fuel combustion energy into mechanical energy. As the engine runs, the piston oscillates inside the cylinder, building pressure that drives the crankshaft and ultimately the wheels of the car. The size and shape of a piston might vary depending on its intended application. For example, cast iron pistons are used in normal automobiles whereas aluminium alloy pistons are used in high-performance engines.
At a CAGR of 4.5% over the projected period, the global piston market is anticipated to increase from USD 14.06 billion in 2021 to USD 19.48 billion by 2031.
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The rising demand for passenger and commercial vehicles around the world might be linked to the expansion of the piston market.
The piston market's expansion may be constrained by a number of issues, including the high cost of production and the availability of substitutes. The advent of electric automobiles, which do not require such parts to function, is further reducing the demand for pistons. Raw material price fluctuations can also have an impact on production costs, which can further restrain market expansion. However, it is anticipated that the industry will have growth prospects in the years to come because of the introduction of cutting-edge technologies like 3D printing.
Federal-Mogul LLC (US), MAHLE GmbH (Germany), NHK Spring Co., Ltd. (Japan), Nippon Piston Ring Co., Ltd. (Japan), Linamar Corporation (Canada), Rheinmetall Automotive AG (Germany), and Yachiyo Industry Co., Ltd. are important market participants in the piston industry (Japan).
These firms are concentrating on extending their production capabilities and product line in order to increase their market position. Additionally, they are spending money on research and development to create cutting-edge piston technologies, which will provide them with a competitive advantage over other market participants.
Segment Analysis
Steel Piston's segment forms a major portion of the market
The largest growth is anticipated for steel pistons during the projection period. This is due to the fact that they are more robust and long-lasting than other types of pistons. Steel pistons are also utilised in high-performance engines, which produce more power and have better fuel efficiency. Additionally, the demand for steel pistons is anticipated to increase throughout the projected period as automakers use lightweight materials like aluminium alloy and magnesium alloy more frequently in their manufacturing processes. In the upcoming years, the need for steel pistons will also increase as OEMs produce more lightweight automobiles.
Passenger Car segment to be on top of the market
During the projected period, the passenger car category is anticipated to increase at the fastest rate. Due to their accessibility and ease, cars are selling more and more all over the world. Additionally, the demand for pistons in passenger vehicles is being fueled by automakers' efforts on building efficient vehicles that adhere to strict emission standards. Additionally, producers are implementing cutting-edge technology like turbocharging, which needs powerful pistons to endure tremendous pressure. This is expected to result in a rise in the demand for pistons in passenger vehicles throughout the course of the projected period.
Asia Pacific to dominate the market
The market is anticipated to be dominated by Asia Pacific over the forecast period. This is explained by the rise in automobile production in nations like China, India, and South Korea. Additionally, the demand for pistons in Asia Pacific is being fueled by manufacturers' efforts on integrating cutting-edge technologies and features into their automobiles. Additionally, nations like India are investing in the construction of infrastructure, which is anticipated to increase demand for automobiles and, in turn, expand the Asia Pacific piston market.
Covid-19 Impact & Market Status
Due to the production and supply chain disruption caused by the Covid-19 epidemic, the piston market has been significantly impacted. Additionally, because pistons are mostly utilised in automobiles, the drop in automotive sales has affected the market for them. Furthermore, the manufacture and availability of parts like pistons have decreased as a result of severe regulations put in place by various governments. The market is anticipated to rebound in 2021 as vehicle manufacturing and sales are anticipated to accelerate. Manufacturers are also concentrating on digitising their processes and implementing automation to minimise supply chain disruptions and assure efficient output. This will likely offer opportunities for the piston market to grow throughout the course of the projection period.
Latest Innovations in the Global Piston Market: A Snapshot
Avon Engine Components Ltd., for instance, debuted a new line of ultra-lightweight pistons in 2020 that promise enhanced performance and fuel efficiency.
Duraglide-coated pistons for passenger cars were created by Federal Federal-Mogul Motorparts in 2021 and offer greater wear and corrosion resistance. These developments are likely to offer the piston market tremendous opportunities for expansion over the course of the projected decade.
Piston Market Scope
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2031 |
| Study Period | 2018-2031 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2031 | USD 19.48 billion |
| Growth Rate | CAGR of 4.5% during 2021-2031 |
| Segment Covered | Type, Application, Regions |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| Key Players Profiled | Federal-Mogul LLC (US), MAHLE GmbH (Germany), NHK Spring Co., Ltd. (Japan), Nippon Piston Ring Co., Ltd. (Japan), Linamar Corporation (Canada), Rheinmetall Automotive AG (Germany), and Yachiyo Industry Co., Ltd. are important market participants in the piston industry (Japan). |
Key Segment of Global Piston Market
By Type Overview (USD Billion)
• Cast Iron Piston
• Steel Piston
• Aluminium Alloy Piston
• Combination Piston
By Application Overview (USD Billion)
• Passenger Vehicles
• Commercial Vehicles
By End-User Overview (USD Billion)
• OEMs
• Aftermarket
By Region Overview (USD Billion)
North America
• USA
• Canada
Asia Pacific
• China
• India
• Japan
• Rest of Asia Pacific
South America
• Mexico
• Brazil
• Rest of North America
Europe
• Germany
• France
• UK
• Rest of Europe
Middle East and Africa
Frequently Asked Questions (FAQ) :
The global Piston market size is expected to reach USD 19.48 billion in 2031, growing at a CAGR of 4.5%.