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The piston market share is expected to increase by USD 15.12 billion from 2021 to 2026, and the market's growth at a CAGR of 7.55%.
This piston market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers piston market segmentation by application (transport and others) and geography (APAC, North America, Europe, MEA, and South America). The piston market report also offers information on several market vendors, including Aisin Corp., Amsted Industries, Arias Pistons, MAHLE GmbH, MING SHUN INDUSTRIAL CO. LTD., Rheinmetall AG, Ross Racing Pistons, Shandong Binzhou Bohai Piston Co. Ltd., Shriram Pistons and Rings Ltd., and Tenneco Inc. among others.
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The increase in the launch of new engines is notably driving the piston market growth, although factors such as growing demand for engine downsizing may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the piston industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Piston Market Driver
The increase in the launch of new engines is one of the key factors driving the piston market growth. Due to high intense competition from the local and global players, vendors in the automotive industry are mostly focused on introducing new and advanced products. New engines are witnessed to have improved power and efficiency, a few examples of such engines are Ferrari Roma, 2019 v8 turbo engine 3.9 liter, Audi RS Q8 4 liter, and v8 gasoline engine. These engines are made of lightweight pistons and con rods, enhancing the internal efficiency of engines. Thus, the global automotive piston market growth is expected to be fueled up by the increasing launch of new engines.
Key Piston Market Challenge
The growth in the demand for engine downsizing is a major challenge for the global piston market growth. The global automotive industry is focused on creating fuel-efficient and high-performing engines, resulting in enterprises opting for energy-efficient engines leading to the demand for engine downsizing to be more energy-efficient. It has been noticed by the various OEMs that downsized engines are more efficient and reduce torque and fuel consumption. Therefore, reducing the size of the engine results in minimizing cylinders, thus the number of pistons used is also proportionally reduced. This is estimated to have an adverse impact on the global automotive piston market growth during the forecast period.
This piston market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
The parent, the global industrial machinery market, covers companies engaged in manufacturing industrial machinery and components covering presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings, and other metal fabrications.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the piston market encompasses successful business strategies deployed by the key vendors. The piston market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The piston market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
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57% of the market's growth will originate from APAC during the forecast period. China and India are the key markets for piston market in APAC. Market growth in this region will be faster than the growth of the market in rest of the regions.
The increase in the production of the internal combustion engine (ICE) will facilitate the piston market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
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The piston market share growth by the transport segment will be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the piston market size and actionable market insights on post COVID-19 impact on each segment.
Piston Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Decelerate at a CAGR of 7.55% |
Market growth 2022-2026 |
$ 15.12 billion |
Market structure |
Fragmented |
YoY growth (%) |
7.58 |
Regional analysis |
APAC, North America, Europe, MEA, and South America |
Performing market contribution |
APAC at 57% |
Key consumer countries |
China, US, Germany, India, and Russian Federation |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Aisin Corp., Amsted Industries, Arias Pistons, MAHLE GmbH, MING SHUN INDUSTRIAL CO. LTD., Rheinmetall AG, Ross Racing Pistons, Shandong Binzhou Bohai Piston Co. Ltd., Shriram Pistons and Rings Ltd., and Tenneco Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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