Automotive Piston Market Size And Forecast
According to Verified Market Research, the Global Automotive Piston Market was valued at USD 8.70 Billion in 2018 and is projected to reach USD 13.06 Billion by 2026, growing at a CAGR of 5.18% from 2019 to 2026.
What is Automotive Piston?
The Piston is the vital moving component which is constituted in the cylinder to tighten the gas by piston rings in the automobile engine. It is utilized in the gas compressors, reciprocating pumps, and engines and in pneumatic cylinders. The piston system enables the transfer of force generated to the crankshaft through the connecting rod, which in response drives the wheels of the vehicles. It is majorly used in the automotive industry.
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Global Automotive Piston Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
The Automotive Piston Market is experiencing significant growth owing to the increasing demand for vehicle production. In addition, the growing demand for the lightly weighted piston is another factor propelling market growth. Moreover, the increasing technological advancement in the piston system such as the introduction of the cooling channel in the automotive piston is another factor imposing a positive outlook on the market. However, the growing penetration of electric vehicles is expected to hamper the market growth.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Automotive Piston Market” is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market.
Global Automotive Piston Market Competitive Landscape
The “Global Automotive Piston Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as KSPG AG, Aisin-Seiki Co. Ltd., Capricorn Automotive, Mahle Gmbh, Hitachi Automotive Systems, Federal-Mogul, Indian Piston Limited, Shriram Piston and Rings, Arias Piston, and Ross Racing Piston. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
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Automotive Piston Market, By Piston Type
• Trunk Piston
• Slipper Piston
• Deflector Piston
• Crosshead Piston
Automotive Piston Market, By Piston Coating Type
• Dry Film Lubricating Coating Piston
• Oil Shedding Coating Piston
• Thermal Barrier Coating Piston
Automotive Piston Market, By Vehicle Type
• Commercial Vehicle
• Heavy Commercial Vehicle
• Light Commercial Vehicle
• Passenger Vehicle