Press release
Global Automotive Piston Market Overview 2033 : Forecasted Market Size And Growth Rate | General Motors Company, Hitachi Ltd., Continental AG, Mitsubishi Heavy Industries Ltd
"The new report published by The Business Research Company, titled ""Automotive Piston Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.As per the report, the automotive piston market size has grown strongly in recent years. It will grow from $4.02 billion in 2023 to $4.25 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The automotive piston market size is expected to see strong growth in the next few years. It will grow to $5.36 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%.
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Growing Vehicle Production Growth In Automotive Piston
The growing vehicle production is expected to propel the growth of the automotive piston market going forward. Vehicle production is growing due to increasing global demand for automobiles driven by urbanization and the expanding need for personal transportation. Automotive pistons are crucial for vehicle engines as they convert the energy from fuel combustion into mechanical motion, driving the crankshaft and ultimately powering the vehicle's movement. For instance, in May 2023, according to the European Automobile Manufacturers Association (ACEA), a Belgium-based trade association, 85.4 million motor vehicles were produced globally in 2022, a 5.7% increase from 2021. Therefore, growing vehicle production is driving the growth of the automotive piston market.
Innovative Hydrogen-Fueled Single-Piston Engines In Automotive Market
Major companies operating in the automotive piston market are developing innovative hydrogen-fueled linear single-piston engines to enhance vehicle performance, fuel efficiency, and emissions control. A hydrogen-fueled linear single-piston engine is an internal combustion engine that uses hydrogen and operates with a single piston moving in a linear (back-and-forth) motion. For instance, in May 2021, Aquarius Engines, an Israel-based manufacturer and distributor of linear internal combustion engines, launched a lightweight (10 kg) hydrogen-fueled linear single-piston engine that could serve as an affordable, green and sustainable alternative to traditional combustion engines and hydrogen fuel cells. The new Aquarius hydrogen engine is based on the company's patented single-piston linear engine technology, operates exclusively on hydrogen, and was designed to be used as an onboard power generator in vehicles or as a standalone electricity generator. The engine's unique internal gas exchange method and simple design, with just 20 components and one moving part, make it highly efficient and low-maintenance compared to traditional engines.
The automotive piston market covered in this report is segmented -
1) By Piston Type: Trunk Piston, Crosshead Piston, Slipper Piston, Deflector Piston
2) By Component Type: Piston, Piston Rings, Piston Pin
3) By Coating Type: Oil Shedding, Dry Film Lubrication, Thermal Barrier
4) By Vehicle: Commercial Vehicle, Heavy Commercial Vehicle, Light Commercial Vehicle, Passenger Vehicle, Two-Wheeler
5) By Distribution Channel: Original Equipment Manufacturer (OEM), Aftermarket
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Major companies operating in the automotive piston market are General Motors Company, Hitachi Ltd., Continental AG, Mitsubishi Heavy Industries Ltd, Toyota Industries Corporation, Tenneco Inc., Yamaha Motor Co. Ltd., Mahle GmbH, Rheinmetall Automotive AG, TPR Co. Ltd, PT Astra Otoparts Tbk, Riken Corporation, ZYNP Corporation, Shriram Pistons and Rings Ltd., Cosworth Group Holdings Ltd., Federal-Mogul Corporation, Elgin Industries, Wiseco Piston Inc, CP Pistons Carrillo Industries Inc, Hastings Manufacturing Company, J&E Pistons Manufacturing Inc., United Engine & Machine Co. Inc., Wossner GmbH, Honda Foundry Co. Ltd, Ross Racing Piston
Contents of the report:
1. Executive Summary
2. Automotive Piston Market Report Structure
3. Automotive Piston Market Trends And Strategies
4. Automotive Piston Market - Macro Economic Scenario
5. Automotive Piston Market Size And Growth
…..
27. Automotive Piston Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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