Press release
Prominent Steel Piston Market Trend for 2025: Innovative Products Driving Growth In The Steel Piston Market
Steel Piston
The growth of the automotive industry is expected to drive the steel piston market. The automotive sector is expanding due to rising global vehicle demand and advancements in electric and autonomous driving technologies. Steel pistons enhance engine efficiency and performance, aligning with the automotive industry's need for improved fuel economy and reduced emissions. In 2023, OICA reported that total vehicle production grew from 80 million in 2021 to 84.83 million units in 2022. As automotive production rises, so will the demand for steel pistons.
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How will the growth rate of the steel piston market shape industry trends by 2034?
The steel piston market has grown considerably and will rise from $2.29 billion in 2024 to $2.41 billion in 2025, at a CAGR of 5.4%. The historic growth is attributed to higher automotive production, tighter environmental regulations, growth in power generation, increased popularity of energy storage solutions, and rising demand for automotive parts.
The steel piston market is projected to grow to $2.96 billion by 2029, with a CAGR of 5.3%. This growth is driven by the demand for lightweight components, electric vehicles, engine efficiency, and innovation in automotive sectors. Trends include technological advancements, lightweight materials, and turbocharged engines.
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What trends are poised to drive the future success of the steel piston market?
Companies in the steel piston market are focusing on developing heavy-duty piston kits to enhance fuel efficiency and performance. For example, in January 2022, MAHLE GmbH, a German automotive parts manufacturer, launched the Ford EcoBoost 2.3L PowerPak Plus piston kit. This kit includes high-quality forged pistons and precision components, designed to support high compression ratios, ideal for engine rebuilds in automotive applications.
Which primary segments of the steel piston market are driving growth and industry transformations?
The steel piston market covered in this report is segmented -
1) By Component: Piston Head, Piston Ring, Piston Pin
2) By Shape: Flat Top Piston, Bowl Piston, Dome Piston
3) By Coating: Dry Film Lubricant, Thermal Barriers, Oil Shedding Coatings
4) By Fuel: Gasoline, Diesel, Alternate Fuel
5) By Vehicle: Passenger Cars, Light Commercial Vehicle (LCV), High Commercial Vehicle (HCV)
Subsegments:
1) By Piston Head: Solid Piston Heads, Hollow Piston Heads, Forged Piston Heads
2) By Piston Ring: Compression Rings, Oil Control Rings, scraper* Rings
3) By Piston Pin: Standard Piston Pins, Full-Floating Piston Pins, Semi-Floating Piston Pins
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Which geographical regions are pioneering growth in the steel piston market?
Asia-Pacific was the largest region in the steel piston market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the steel piston market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the influential players reshaping the steel piston market landscape?
Major companies operating in the steel piston market are Hitachi Automotive Systems Ltd., Aisin Seiki Co. Ltd., Tenneco Inc., Rheinmetall Automotive AG, Mahle GmbH, Riken Corporation, Nippon Piston Ring Co. Ltd., Shriram Pistons & Rings Ltd., Burgess-Norton Manufacturing Co. Inc., Cheng Shing Piston Co. Ltd., NPR of America Inc., Elgin Industries, Federal-Mogul Corporation, Honda Foundry Co. Ltd., India Pistons Limited, Ross Racing Pistons, Diamond Pistons, Arias Pistons Ltd., Hirschvogel Umformtechnik GmbH, QuFu JinHuang Piston Co. Ltd., SAMKRG Pistons & Rings Limited, Art Metal Mfg Co. Ltd., Paramount Pistons, Izumi Piston Co. Ltd.
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What Is Covered In The Steel Piston Global Market Report?
•Market Size Forecast: Examine the steel piston market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the steel piston market for a structured understanding.
•Key Players Overview: Analyze major players in the steel piston market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the steel piston market.
•Segment Contributions: Evaluate how different segments drive overall growth in the steel piston market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the steel piston market.
•Industry Challenges: Identify potential risks and obstacles affecting the steel piston market.
•Competitive Landscape: Review strategic developments in the steel piston market, including expansions, agreements, and new product launches.
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