The global automotive piston system market is anticipated to propel at a phenomenal CAGR of 4.6% from 2022 to 2032. The global market was evaluated at US$ 4,080.95 Million in 2022 and is poised to reach US$ 6,415.14 Million by 2032. As per the historic analysis conducted by Future Market Insights, the global automotive piston system market was worth US$ 3,880.91 Million in 2021.
Over the course of the next ten years, the global market for automotive piston systems is anticipated to be driven by the escalating demand for automobiles, particularly in emerging countries. Since a piston is a crucial part of an internal combustion engine, the output of cars is inextricably linked to the demand for pistons.
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Due to current developments, the market for automotive piston systems is expected to grow due to the increasing demand for lightweight pistons in the automotive sector.
Key Takeaways
The sales of cars in a variety of categories, including two-wheelers, four-wheelers, and other automobile segments, are expected to rise along with the global automotive piston system market.
The demand for pistons is anticipated to increase even further due to the booming automobile market, particularly in the two-wheeler segment across emerging countries like India. This will favourably affect the global automotive piston system market.
As opposed to conventional single-cylinder engines, double-cylinder engines are quickly becoming more popular in the two-wheeler business. Within the high-end cycling market, this is typical. Additionally, it only needs one piston because a double engine cylinder requires two pistons as opposed to one. The global automotive piston system market is anticipated to grow in tandem with the increased production of high-end motorcycles.
In the upcoming years, it is anticipated that rising demand for passenger automobiles and heavy commercial vehicles will fuel the expansion of the global automotive piston system market.
The automobile business is constantly conducting research and development to increase fuel efficiency because fuel prices are rising globally. As a consequence, there is an increase in demand for lightweight pistons on the global market for automotive piston systems.
The growing use of electric vehicles is one of the biggest issues the global automotive piston industry is currently dealing with. Pistons are not typically used in these cars. Additionally, engine downsizing for lighter, more fuel-efficient engines is another restriction on the worldwide automotive piston market.
Utilizing technologies like turbochargers, automakers are able to downsize engines by greatly reducing the number of cylinders while still keeping engine power. Over the course of the evaluation period, the aforementioned factors are anticipated to pose a serious threat to the market for automotive piston systems.
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Competitive Landscape
Prominent players in the global automotive piston system market are focusing on adopting strategies of new product development in order to retain their leading position in the automotive piston market.
Some of the key participants present in the global Automotive piston system market include 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.
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