Piston Market by Application and Geography - Forecast and Analysis 2022-2026

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.

What will the Piston Market Size be During the Forecast Period?

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"The pistons market in APAC will witness growth in the next years as vehicle production increases, new technology is used to manufacture fuel-efficient and lightweight automobiles, and government fuel efficiency rules become more rigorous."

Piston Market: Key Drivers and Trends

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.

Market Overview

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. 

Who are the Major Piston Market Vendors?

The report analyzes the market's competitive landscape and 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.
• Tenneco Inc.

 

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. 

Which are the Key Regions for Piston Market?

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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.

What are the Revenue-generating Application Segments in the Piston Market?

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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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What are the Key Data Covered in this Piston Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive piston market growth during the next five years
• Precise estimation of the piston market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the piston industry across APAC, North America, Europe, MEA, and South America
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of piston market vendors

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