Automotive Piston Market Size to Reach USD 15.39 Billion by 2026; Increasing Demand for Commercial Vehicles Worldwide to Propel Market Growth

The global automotive piston market size is set to hit USD 15.39 billion by 2026 on account of the growing preference for fuel-efficient automobiles across the globe. Fortune Business Insights™ shares this information in its report, titled “Automotive Piston Market Size, Share & Industry Analysis, By Component Type (Piston, Piston Rings, and Piston Pin), By Coating Type (Oil Shedding, Dry Film Lubricating, and Thermal Barrier), By Vehicle Type (Passenger Car and Commercial Vehicle) and Regional Forecast, 2019-2026”. According to the report, the value of this market stood at USD 12.87 Billion in 2018 and is projected to exhibit a CAGR of 2% from 2019 to 2026.

MAHLE to Develop Intelligent Engine Parts

One of the prominent automotive piston market trends is the integration of regular engine components with intelligent technologies and the German-based MAHLE Group is giving a new direction to these trends. In August 2019, MAHLE announced the launch of intelligent bearings for monitoring real-time temperature and other conditions in an engine. Along the same lines, the company developed a unique ‘energy harvesting’ technology to monitor piston performance. The technology involves an innovative measurement method powered by sensors to transmit piston data wirelessly, enabling accurate assessment of the energy consumption of an engine. The aim is to prevent damage to engine parts from insufficient lubrication or excessively high temperatures as the sensors ensure optimized oil supply for cooling and lubricating purposes.

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https://www.fortunebusinessinsights.com/automotive-piston-market-101997

Increasing Car Production Worldwide to Aid Market Growth

Steady demand for cars and the corresponding rise in their production will be the central force driving the automotive piston market growth in the forthcoming years. According to the European Automobile Manufacturers Association (ACEA), in 2017, approximately 80 million passenger cars were produced globally. The majority of car production took place in China, the ACEA notes, with the country accounting for 29% of the total number of cars produced around the world in 2017. Car production in China grew by 4.4% from 2016 levels, hitting 23.6 million in 2017.

Moreover, the US-based credit rating agency, Fitch Ratings, revealed that global car sales in 2018 stood at 80.6 million. These numbers signal positive news for this market as rising production and sales of passenger cars will keep the demand for pistons stable and healthy during the forecast period.

Strategic Takeovers by Leading Players to Energize Competition

Key players in this market are steadfastly engaging in acquiring companies to expand their product portfolio as well as tighten their hold on the market share, predicts this market forecast. Major players such as Continental and MAHLE currently dominate the competitive landscape and have, to a great extent, created a monopolized atmosphere in the market. As a result, new entrants are developing innovative solutions to compete with the established players and are pulling all stops to cement their position in the market.

Industry Development:

• October 2019: US-based Piston Group’s subsidiary, Piston Automotive, successfully completed the acquisition of Marion Industries, an Ohio-based brake modules assembler for Honda America. The move will allow Piston to widen its offerings in Ohio and broaden its base of OEM customers.

List of Players Covered in this Market Report:

• Dongsuh Industrial Co., Ltd.


•  Honda Foundry Co. Ltd


• Aisin Seiki Co., Ltd.


• Continental AG


• MAHLE Group


• Hitachi Ltd.


• Rheinmetall Automotive AG


• Tenneco Inc.

Further Report Findings:

• The piston segment is slated to lead the market share in the coming years as pistons form the central component in the internal combustion engine of a petrol- or diesel-powered vehicle. The piston rings segment held a share of 7.0% in the market in 2018.


• The market size in Europe stood at USD 2241.8 million in 2018 and the region is expected to grow at a considerable rate owing to the implementation of stringent emission norms for vehicles in the continent.


• North America is forecasted to command this market share in the foreseeable future as a result of robust transport and logistics infrastructure and rapid adoption of advanced fuel-efficient engines in the region.

Table of Segmentation: