Will Gudgeon Pin Market Perceive Robust Expansion by 2017- 2027?

A gudgeon pin acts as a link between the connecting rod and piston. Gudgeon pin is a piece of metal that can be made of steel, aluminum, titanium or other materials, which moves up and down in the cylinder. The main purpose of the up-down movement is to generate the required energy needed to drive the shaft, which in turn drives the wheel of an automobile. The main function of the gudgeon pin is to transfer the mechanical force generated due to the expansion of gas from piston to the crankshaft. Gudgeon pins are generally made of materials that can bear high temperature, pressure and load generated in the combustion chamber of the engine. Gudgeon pin should be strong & hard enough to bear the load without breaking down and it should be light enough to keep the inertial forces minimum. Stiffness of gudgeon pin must be according to the design of the piston to avoid overloading, which can hinder the working of the piston. Aluminum is the best suited material for the manufacturing of gudgeon pins owing to its properties such as lightweight, corrosion resistant and cost effectiveness. Gudgeon pin also called as piston has a wide range of applications in the automotive industry, which include passenger cars, LCVs (Light Commercial Vehicles), HCVs (Heavy Commercial Vehicles), two wheelers and three wheelers. The automotive industry has shown continuous growth in the subsequent years and it is estimated to grow further in the upcoming years, which will drive the gudgeon pin market over the estimated period. Gudgeon pins are generally of three types: stationary pins, semi-floating pins and full-floating pins.

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Gudgeon Pin Global Market: Dynamics

Growing industrialization and urbanization is propelling the demand of automobiles globally. The automobile industry directly affects the demand of gudgeon pins in the global market. Recently, manufacturers are providing updated gudgeon pins with improved efficiency, which acts as a significant driver for the growth of the gudgeon pins market. Customisation of the pin having the following properties, i.e., light weight, improved efficiency and less emission, is furthermore fuelling the demand of gudgeon pins in the global market. The aftermarket segment of the gudgeon pins also covers significant market share in the global market.

Gudgeon Pin Global Market: Segmentation

The gudgeon pin market can be segmented based on vehicle type, product type, material type, coating type and sales channel.

By Vehicle type, the gudgeon pin market is segmented into:

LCV
HCV
Passenger Car
Two wheelers
Three wheeler
By Product Type, the gudgeon pin market is segmented into:

Stationary Pin
Semi-Floating Pin
Full-Floating Pin
By Material Type, the gudgeon pin market is segmented into:

Steel
Titanium
Aluminum
Others
By Coating Type, the gudgeon pin market is segmented into:

Powder coating
Dry Film Lubricants
PVD (Physical Vapor Deposition) Coating
DLC (Diamond-Like Carbon) Coating
Oil shedding
Thermal coating/Thermal barrier coating
Others
By Sales Channel, the gudgeon pin market is segmented into:

OEM
Aftermarket
Gudgeon Pin Global Market: Regional Outlook

The growing automotive industry in Asia Pacific countries, such as India and China, is expected to accelerate the growth of the gudgeon pin market at a prominent CAGR over forecasted period. Stringent fuel efficiency and emission regulations in North America and Europe are increasing the demand for gudgeon pins. The Middle East and Africa is expected to gain healthy market value share in the gudgeon pin market over the forecast period.

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Gudgeon Pin Global Market: Key Participants

Examples of some of the key participants in the gudgeon pin market are:

Federal-Mogul Motorparts LLC
Ming Shun Industrial Co., Ltd
Elgin Industries
Shriram Pistons & Rings Ltd
Shandong Binzhou Bohai Piston Co., Ltd
MAHLE GmbH Stuttgart

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This release was published on openPR.