Press release
Global Piston Market Projected to Surpass $4.68 Billion by 2029 with 5.5% Annual Growth
Piston Market Size
The scale of the piston industry has witnessed significant expansion in the past few years. It is expected to escalate from $3.57 billion in 2024 to $3.78 billion in 2025, showing a compound annual growth rate (CAGR) of 5.9%. The historic period's growth can be linked to the development in automation, economic progression in budding markets, an increase in urbanization, expansion of the agricultural sector, and a surge in construction activities.
The piston industry's size is projected to experience substantial growth in the coming years. The anticipated growth is set to reach $4.68 billion by 2029, expanding at a compound annual growth rate (CAGR) of 5.5%. This projected growth during the forecast period can be credited to factors such as increased automotive production, stricter emission standards, a surge in demand for replacement pistons, a boost in demand for high-performance vehicles, and the expansion of the aerospace industry. Key trends expected to shape the period include the development of lightweight materials, the creation of hybrid engines, advancements in manufacturing techniques, a move towards engine downsizing, and investments in infrastructure projects.
What Is Contributing to the Growth of the Piston Market?
The piston market's growth is expected to be fueled by an increase in vehicle production and sales. Vehicles, which are transportation devices designed to deliver either people or commodities from one location to another, are often powered by engines or motors. The surge in vehicle production and sales can be attributed to rising consumer demand for transportation, advancements in automobile technology, and economic growth leading to higher disposable incomes. Pistons, crucial for a vehicle's operation, transform energy from fuel combustion into mechanical motion, effectively powering the engine. For example, in a report released by the Society of Motor Manufacturers and Traders, a UK trade association, in March 2024, car production in the UK rose by 14.6% in February 2024, totaling 79,907 units. Hence, the upswing in vehicle production and sales is propelling the piston market's expansion.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=19656&type=smp
Which Key Market Leaders Are Driving Piston Industry Growth?
Major companies operating in the piston market are Guangzhou Automobile Group Co. Ltd., PT Astra Otoparts Tbk, Mahle GmbH, Yoosung Enterprise Co. Ltd., KSPG Automotive Brazil, Cosworth Ltd., Shriram Pistons & Rings Ltd., Menon Pistons Ltd., Yuhuan HUIYU Tappet Co. Ltd., CP-Carrillo Inc., Elgin Industries Inc., Wiseco Inc., Teksid S.p.A., JE Pistons Inc., Federal-Mogul Corporation, Honda Foundry Co. Ltd., India Pistons Limited, Diamond Pistons Inc., Ross Racing Pistons Co., Arias Pistons Ltd., ART Metal Mfg. Co. Ltd., Capricorn Automotive Ltd., CP Pistons, Meteor Piston S.r.l., Wossner Pistons Inc.
What Are the Emerging Trends in the Piston Industry?
Leading entities in the piston industry are concentrating on the production of innovative items like additively manufactured car engine pistons that offer enhanced weight reduction and optimal material use, ultimately boosting engine performance. The additively manufactured car engine pistons substitute traditional manufacturing approaches with 3D printing processes. A case in point is XJet Ltd., an Israel-based business specializing in 3D printing methods for metal and ceramic, which debuted a fully ceramic additively manufactured car engine piston for Spyros Panopoulos Automotive (SPA) in May 2022. This piston represents the company's advanced approach towards additive manufacturing, tailoring the component's structure in response to the different forces applied to it. By reducing unnecessary material and strengthening areas needing additional robustness, the piston's weight is optimized while preserving crucial attributes like durability and heat resistance. It thus provides an intricate, lightweight yet sturdy structure suited for the high-performance engine of the Chaos Ultracar.
What Are the Main Segments in the Piston Market?
The pistonmarket covered in this report is segmented -
1) By Piston Type: Trunk Piston, Crosshead Piston, Slipper Piston, Deflector Piston
2) By Material Type: Steel, Aluminum
3) By Piston Coating Type: Thermal Barrier Coating Piston, Dry Film Lubricating Coating Piston, Oil Shedding Coating Piston
4) By Application: Automotive, Marine, Aerospace, Industrial Machinery, Power Generation, Construction Equipment
Subsegments:
1) By Trunk Piston: Single Trunk Piston, Double Trunk Piston, Piston Rings And Accessories
2) By Crosshead Piston: Marine Crosshead Piston, Stationary Engine Crosshead Piston, Piston Components
3) By Slipper Piston: Flat Slipper Piston, Dome-Shaped Slipper Piston, Slipper Piston For Automotive Applications
4) By Deflector Piston: Piston With Cooling Deflector, Piston With Oil Deflector, Deflector Piston For High-Performance Engines
Pre-Book Your Report Now For A Swift Delivery:
https://www.thebusinessresearchcompany.com/report/piston-global-market-report
Which Geographic Area Leads the Piston Market?
North America was the largest region in the piston market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the piston market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Piston Global Market Report?
- Market Size Analysis: Analyze the Piston Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Piston Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Piston Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Piston Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=19656
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Piston Market Projected to Surpass $4.68 Billion by 2029 with 5.5% Annual Growth here
News-ID: 3870346 • Views: …
More Releases from The Business Research Company
Segment Evaluation and Major Growth Areas in the Personalized Testing and Supple …
The personalized testing and supplements sector is gaining remarkable traction, driven by advancements in technology and a rising consumer focus on tailored health solutions. As more individuals seek customized wellness options, this market is set to experience substantial expansion in the coming years. Here's an in-depth look at its current valuation, key players, significant trends, and the main market segments shaping its future.
Market Valuation and Expansion Forecast for Personalized Testing…
Top Players and Market Competition in the Skin Microbiome Industry
The skin microbiome market is emerging as a significant area of interest due to growing awareness about the critical role of skin health and innovative skincare technologies. As research advances and consumer preferences shift towards more natural and science-backed products, this market is set to undergo substantial growth. Let's explore the current market size, key players, driving factors, and upcoming trends shaping the skin microbiome industry.
Projected Expansion in the Skin…
Key Strategic Developments and Emerging Changes Shaping the Upadacitinib Market …
The upadacitinib market is poised for significant expansion over the coming years, driven by advances in treatment options and increasing awareness of autoimmune diseases. This report delves into the market's current size, key drivers, major players, and the emerging trends shaping its future trajectory.
Steady Growth Expected in Upadacitinib Market Size Through 2029
The market for upadacitinib is projected to reach $2.54 billion by 2029, growing at a robust compound annual…
Analysis of Key Market Segments Driving the Alzheimer's Disease Diagnostic Marke …
The Alzheimer's disease diagnostic sector is rapidly evolving as advancements in technology and healthcare infrastructure open new possibilities for early detection and personalized treatment. With rising awareness and innovative approaches, this market is poised for significant growth in the coming years. Let's explore the current market size, key drivers, leading companies, and emerging trends that are shaping this critical healthcare field.
Projected Market Size and Growth Trends in Alzheimer's Disease Diagnostics…
More Releases for Piston
Pistons Market Is Booming Worldwide | Indian Piston, Arias Piston, Capricorn Aut …
Advance Market Analytics published a new research publication on "Pistons Market Insights, to 2028" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Pistons market was mainly driven by the increasing R&D spending across the world. Some of the key players profiled in the…
Automotive Piston Market by Component, Material and Piston Shape - Global Foreca …
The global automotive piston market size is projected to grow to USD 2.2 billion by 2025 from USD 1.9 billion in 2020, at a CAGR of 3.5%. Demand for high-pressure GDI pistons, lightweight piston components, and passenger car gasoline engines would drive the global automotive piston industry.
With the engine downsizing and turbocharging, the popularity of gasoline direct injection (GDI) is increasing. GDI is being considered as one of…
What's driving the Automotive Piston Market Growth? Prominent Players: Mahle, Ai …
The growing R&D investments for the development of fuel-efficient vehicles is a crucial factor predicted to augment growth of the market during the forecast period, says Fortune Business Insights in a report, titled "Automotive Piston Market Size, Share & Industry Analysis, By Material Type (Cast Iron, Aluminum, Other), By Vehicle Type (Passenger Cars, Commercial Vehicles) Others and Regional Forecast, 2019-2026" the increasing innovations of electric vehicles is expected to fuel…
Automotive Piston Market Key Point Analysis On Mahle Gmbh, Aisin-Seiki Co. Ltd., …
The automotive piston is an engine component cylindrical in shape, which slides back and forth in the cylinder bore due to force produced by the expansion of gas during the combustion process. Piston system comprises piston, piston rings, and piston pin; this system transfers the generated force to crankshaft through connecting rod. Piston generates mechanical energy that propels the crankshaft movement, which in turn, drives the wheels of the vehicle.…
Automotive Piston Market to Expand at Steady CAGR Growth By 2025; Key Manufactur …
Crystal Market Research Provide "Automotive Piston Market" Advance Research Report Insights and a range of ways to access our research data and business insights to meet your Future business needs.
Automotive Piston Market By Raw Material (Aluminum Alloy, Cast iron, Other) Piston Type (Solid Skirt Pistons, Two-Stroke Pistons, Ring Carrier Pistons) - Global Industry Analysis & Forecast to 2025
Automotive Piston Industry Competitive Outlook and Trend Analysis:
Arias Piston
Capricorn Automotive
Day Piston
Hitachi Automotive Systems
Mahle…
Automotive Piston Market 2018 Brief Analysis by Top Key Players - Mahle, KSPG, F …
Market Study Report LLC adds New “Global Automotive Piston Market by Manufacturers, Countries, Type and Application, Forecast to 2023” new report to its research database. The report spread across 135 pages with table and figures in it. The report provides information on Industry Trends, Demand, Top Manufacturers, Countries, Material and Application.
The automotive piston mostly functions by transferring force from the expanding gas in the cylinder to the crankshaft via the…
