Piston market is expected to grow USD 3,879.9 million at a CAGR 5.10% during the forecast period. 2A piston is a short cylinder or a disc that is used for reciprocating pumps, reciprocating engines, pneumatic cylinders, gas compressors, and hydraulic cylinders, among the other indistinguishable mechanisms. It is basically a component for transferring power inside the cylinder of vehicles and conveys energy to the crankshaft after every power stroke. Piston generates mechanical energy which in turn helps to drives the wheels of the vehicles.
The demand for the piston is rising due to the demand for two-wheelers vehicles and four-wheelers vehicles and its production. The global piston market is expected to grow due to the increase in the demand for improving the efficiency of the engines. The rising demand among the consumers for the double cylinders in the high-end bicycles is likely to boost the demand for the piston further. The continuous demand for heavy, light, and passenger cars are some other key factors. The shift of the demand to the gasoline engines will eventually boost the demand for the gasoline piston in the coming year. Flip-flop pistons will boost the market growth due to their less manufacturing cost and less surface area.
This report contains all the information on the global piston market research and the market strengths. The piston market report also contains the culmination of dynamics, segmentation, key players, regional analysis, and other important factors. And a detailed analysis of the global piston market and forecast to 2030 is also included in the report.
Covid 19 Analysis
The outbreak of the covid 19 is likely to hamper the growth of the global piston market because the electronic vehicles are not needed internal combustion engines to perform properly as they are not run by diesel and petrol. However, the environmental condition is widely changing due to the emission of harmful gases, which ultimately raises the demand for electronic vehicles.
Furthermost, Based on the results, the International Energy Agency (IEA), the electronic passenger cars rupture the 5 million spot in the year 2018, in the terms of development. In the same year, according to the International Energy Agency (IEA), there were about 45% of electronic vehicles were on road in china which is 2.3 million, in Europe and the US, there were about 24% and 22% of electronic cars were on road.
Value Chain Analysis
The global piston market value is segmented into material, type, vehicle type, coating, and region. Based on material, the Piston Market is segmented into aluminum and steel. Based on the type, the Piston Market is segmented into trunk piston, slipper piston, deflector piston, and crosshead piston.
On the basis of the vehicle type, the Piston Market is segmented into passenger vehicles, two-wheelers, and commercial vehicles. On the basis of the coating, the global piston market is segmented into dry film lubricating coating piston, thermal barrier coating piston, and oil shedding coating piston. Based on the region, the Piston Market is segmented into Asia Pacific, North America, LAMEA, and Europe.
The global piston market industry is segmented on the basis of the coating, materials, types, regions, and vehicle types. The main objective of studying the piston market is to provide a comprehensive analysis of the structure of the market with a forecast for the next five years of the several sub-segments and segments of the global piston market.
Based on regions, the global piston market is variegated into Asia Pacific, North America, Latin America, the Middle East and Africa, and Europe. The Asia Pacific is predicted to reach the highest spot with rising numbers of vehicles in developing countries such as China and India.
The global piston market shares were valued at US$3.91 Billion in the year 2020. The factors contributing to the growth of the demand in these regions are the rise in the manufacturers for the vehicles and the speculation and inventiveness of the governments to improve the automobile industries. Europe and North America are also holding a good amount of shares in the global piston market.
The global piston market trend research future provides large-scale primary research and a detailed piston market analysis of observational and computable characteristics of various key players in the global piston market. It covers the key beliefs of the leaders to obtain insights into the performance of the industries and the market, along with that the report contains the latest developments including acquisitions, mergers, investment, expansion capacity, and technological advancement. The Piston Market report also give a detailed analysis of the market segments and regions.
Major Key Players
The following report comprises of –
Piston Key Market Segments:
By Material Type
By Piston Coating Type
By Vehicle Type
|Market Size||2030 : USD 3,879.92 Million|
|CAGR||2030 : 5.1% CAGR|
|Forecast Period||2022 to 2030|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Material, Coating and Vehicle Type|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Aisin Seiki Co., Ltd. (Japan), Federal-Mogul Corporation (U.S.), Rheinmetall Automotive AG (Germany), MAHLE GmbH (Germany), Arias Pistons Ltd (U.K.), Shandong BinzhouBohai Piston Co., Ltd. (China), Burgess-Norton Mfg. Co., Inc. (U.S.), Ming Shun Industrial Co. Ltd (Taiwan), Ross Racing Pistons (U.S.), Shriram Pistons and Rings ltd. (India)|
|Key Market Opportunities||
|Key Market Drivers||
Piston industry is projected to grow at a CAGR of over 5.1% in the forecast period.
The global piston market can obtain 3,879.92 Million USD all over the world by the end of 2030, according to the MRFR.
Aisin Seiki Co., Ltd. (Japan), Federal-Mogul Corporation (U.S.), Rheinmetall Automotive AG (Germany), MAHLE GmbH (Germany), Arias Pistons Ltd (U.K.), Shandong BinzhouBohai Piston Co., Ltd. (China), Burgess-Norton Mfg. Co., Inc. (U.S.), Ming Shun Industrial Co. Ltd (Taiwan), Ross Racing Pistons (U.S.), Shriram Pistons and Rings ltd. (India)
2022 to 2030 is the growth phase for the market of Piston.