What would be the regional demand for automotive piston during the forecast years?
The global Automotive
Piston Market size is projected to grow to USD 2.2 billion by 2025 from
USD 1.9 billion in 2020, at a CAGR of 3.5%. Demand for high-pressure GDI
pistons, lightweight piston components, and passenger car gasoline engines
would drive the global automotive piston industry.
With
the engine downsizing and turbocharging, the popularity of gasoline direct
injection (GDI) is increasing. GDI is being considered as one of the key components
for fulfilling future emission standards. Therefore, with GDI becoming popular,
the demand for high-pressure GDI pistons is expected in the automotive piston
market.
Globally
the automotive industry is driven by legislation to reduce emissions &
increase fuel efficiency. With decreased limits of pollutants in upcoming
emission regulations, OEMs are working on vehicle light-weighting. In this
regard, a shift from iron engine blocks to aluminum engine blocks is one of the
approaches being adopted. Owing to their lightweight, better thermal
conductivity, and good structural integrity, aluminum pistons are popular in
passenger cars and light commercial vehicles.
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Gasoline
engines require less maintenance, and its life is almost double compared to diesel
engines. Diesel engines require servicing/maintenance of the components after
approximately 5,000 to 6,000 km. In the aftermarket, in the case of diesel
engines, the replacement of the piston system component is higher as compared
to the gasoline engine. All these factors contribute to the demand for gasoline
engines, thus, subsequently augmenting the automotive piston market growth.
Looking at the upcoming
regulations and increased preference towards the GDI engine, the manufacturers
can focus on the development of high-pressure GDI piston and lightweight
piston. In contrast, in terms of the fuel type, the manufacturer can look
forward to increasing demand for gasoline engine piston.
Key Market Players
Some of the key players in the automotive piston market are
MAHLE GmbH (Germany), Aisin Seiki Co., Ltd. (Japan), Rheinmetall Automotive AG
(Germany), Tenneco Inc. (US), and Art Metal Mfg. Co. Ltd. (Japan). MAHLE GmbH
adopted the strategies of new product development to retain its leading
position in the automotive piston market. Aisin Seiki Co., Ltd. also adopted
supply contracts/agreements/ partnerships as a key strategy to sustain its
market position.
Key questions
addressed by the report
• What would be the regional demand for automotive piston
during the forecast years?
• What is the aftermarket potential of the automotive
piston?
• What would be the future mix of fuel types, and how would
it impact the demand for pistons in the near future?
• What is the present vs. future material choices for piston
materials?
• What initiatives are players undertaking to sustain their
presence in the global automotive piston market?
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