Automotive Piston Market Projected to reach $2.2 billion by 2025
The report “ Automotive Piston Market by Component (Piston, Piston Ring, Piston Pin), Material (Steel, Aluminum), Coating Type (Dry Film Lubricants, Thermal Barriers, Oil Shedding), Piston Shape, Vehicle & Fuel Type, Aftermarket and Region – Global Forecast to 2025″ ,automotive piston market is projected to grow to USD 2.2 billion by 2025 from USD 1.9 billion in 2020, at a CAGR of 3.5%. Factors such as fuel shift towards gasoline passenger cars & especially towards GDI engines and the demand for lightweight piston components are projected to create a potential need for automotive pistons in the coming years Passenger Car Segment is estimated to hold the largest share in Automotive Piston Market The passenger car segment is estimated as the largest market for automotive piston as this type of vehicle contributes to >60% of the global vehicle production. According to the ACEA, passenger car production hit 66 million in 2018; this figure is expected to go beyo...