Automotive Piston Market 2023 Recent Trends, Competitive Landscape by AISIN SEIKI, ARIAS PISTON, CAPRICORN AUTOMOTIVE, HITACHI AUTOMOTIVE SYSTEMS, MAHLE GROUP

Market Analysis:

Asia-Pacific to grow at Faster rate
APAC countries, such as China and India, has a strong positive impact on the automotive piston and the ancillary product markets. These markets have established their cost competitiveness for global players in this sector. With the rise in manufacturing costs, existing piston manufacturers in the United States and Europe are shifting their operations to APAC, where labor, raw materials, and other facilities are available at a low cost.

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Improvements in the economic conditions of emerging countries have increased the market for automobiles in these countries. The increase in demand for heavy and light commercial vehicles and passenger cars is contributing toward the growth of the market. There are continuous developments made in the automotive industry, thus, there is a necessity to produce pistons that are light in weight, with titanium and steel material, in order to gain better fuel efficiency. There are various factors that are affecting the market growth of automotive pistons, such as increasing demand for electric vehicles, which do not have pistons, and using advanced technologies, such as turbocharger in the diesel engines, which reduce the engines’ cost, thus, driving the market growth of automotive pistons.

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Market Segments:
Automotive Piston Market is segmented by:
1. Raw Material: Cast iron, Aluminum Alloy, Other
2. Piston Type: Two-Stroke Pistons, Solid Skirt Pistons, Ring Carrier Pistons
3. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments in the Market
• February 2017: Aisin Seiki acquired 8.8 million outstanding shares from Art Metal Piston Business.
• November 2017: Infiniti rolled out industry-first variable compression engine, by introducing the Variable compression, which solves the age-old problem of compromise.
• March 2018: Consumer Electronics show in Las Vegas, the Toyota e-Palette autonomous delivery and ride-sharing vehicle may get a small Mazda rotary engine packaged as part of a range-extender for its electrified powertrain.

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