The global automotive piston market is projected to reach USD 2,194 million by 2025 from USD 1,851 million in 2020, at a CAGR of 3.5%.
Increase in gasoline direct injection engine demand is projected to drive the automotive piston market globally.
The growth of the automotive piston industry is influenced by factors such as increasing popularity of gasoline direct injection engines and the growing production of passenger vehicles.
Some of the market restraining factors are the engine downsizing and possible shift towards electric vehicles.
Aluminum is estimated to be the largest growing material for pistons.
The automotive piston consists of various components like the piston head/crown, piston rod, and the piston ring.
Aluminum and stainless steel are the key materials used for the manufacturing of piston.
The durability of piston components at high temperatures depends upon the type of material that been used for it.
Owing to the light-weighting trend, lower cost, and other benefits offered by aluminum over steel and cast iron, the demand for aluminum is estimated to be the largest in the coming years.
Asia Oceania constitutes the largest automotive piston market.
Asia Oceania is estimated to lead the global automotive piston industry as the region represents countries such as China, Japan, South Korea, and India, with the world’s highest vehicle production.
The automobile industry is flourishing in this region, especially in South Asia.
Additionally, Asia Oceania has created hubs for automobile manufacturers and automotive component suppliers.
Increasing production of automobiles and the presence of key OEMs in this region such as Brilliance Auto, Shanghai Automotive Industry Corporation (SAIC), Chery Automobile, Geely Automobile, Hawtai Motor Group, and Honda Motor Co., Ltd have broadened the scope for pistons in this region.
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