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According to our new research study on “Automotive Piston Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Material Type (Steel and Aluminum); Coating Type (Thermal Barrier Piston Coating, Dry Film Piston Coating, and Oil Shedding Piston Coating); Vehicle Type (Two Wheelers, Passenger Vehicles, and Commercial Vehicles); and Piston Type (Flat-top Piston, Dish Piston, and Dome Piston) and Geography. The automotive piston market was valued at US$ 3879.92 million in 2021 and it is projected to reach US$ 5,815.15 million by 2028; it is expected to grow at a CAGR of 6.0% from 2021 to 2028.

Internal combustion engine (ICE) vehicles, such as passenger cars and light commercial vehicles (LCVs), account for a major share of the total vehicles’ usage in developing countries, such as China, India, South Korea, Mexico, Brazil, and South Africa, which has led to an increase in the manufacturing of various models of these vehicles. The increasing sales of ICE vehicles in APAC and the MEA are encouraging manufacturers to produce better and environment-friendly vehicle components, such as pistons and lubricants. However, growing environmental concerns and aging integrated circuit (IC) technology have resulted in low demand for ICE vehicles to a certain extent, thereby paving the way for new alternatives, such as EVs. Several countries are already phasing out the manufacturing and sales of ICE vehicles, while the vehicles manufacturers are working on effective alternatives to enhance the features of ICE vehicles to meet the evolving consumer demands, including greater fuel economy. Nevertheless, there is a high demand for ICE vehicles in APAC, the MEA, and Latin America due to the lack of required infrastructure for the operation of EVs. The introduction of advanced hybrid systems and low-temperature combustion engines is likely to boost the sales of ICE vehicles, which would drive the automotive piston market in the coming years.

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Companies Profiled in this report includes: Art Metal Mfg., Ltd, RIKEN Corporation; MAHLE GmbH; Tenneco Inc.; Rheinmetall Automotive Ag

Impact of COVID-19 Pandemic on Automotive Piston Market

The sudden COVID-19 outbreak pandemic has shaken the automotive sector in every region owing to the combination of factors such as factory shutdowns, travel bans, and limited consumer spending power, which created disaster for the newer vehicle market. The pandemic has hampered the production in the global automotive sector. The restricted supply chain has also created a massive gap between supply and demand for the automotive pistons. Inadequate raw material supply has disrupted economies and weakened production, leading to a collapse in demand. However, developments and technological upgrades are anticipated to boost the demand for vehicles with efficient fuel consumption technologies, thereby propelling the adoption of automotive pistons. The component manufacturers observed significant tremors in 2020, which showcased decline in automotive component manufacturing and subsequently the industry size. On the other hand, due to business lockdowns, travel bans, and supply chain disruptions, the manufactures of the automotive piston market are impacted negatively.

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The automotive piston market is segmented on the basis of material type, coating type, vehicle type, and piston type, and geography. Based on material type, the market is bifurcated into compact steel and aluminum. In 2020, the aluminum segment led the market and accounted for a larger market share. Based on coating type, the market is segmented into thermal barrier piston coating, dry film lubricant piston coating, and oil shedding piston coating. In 2020, the thermal barrier piston coating segment led the market and accounted for the largest market share. Based on vehicle type, the automotive piston market is segmented into two wheelers, passenger vehicles, and commercial vehicles. In 2020, the passenger vehicles segment led the market and accounted for the largest market share. The global automotive piston market, by geography, is segmented into five major regions-North America, Europe, Asia Pacific, Middle East and Africa, and South America.

The automotive piston market has been segmented as follows:

Automotive Piston Market – by Material Type

Automotive Piston Market – by Coating Type

Automotive Piston Market – by Vehicle Type

Automotive Piston Market – by Piston Type

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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