Global Automotive Piston Market Size 2022 : Share, Growth, Statistics, Development, Trend, Key Manufacturers, Price, End User Analysis and Outlook to 2031

The automotive piston engine system market is estimated to be valued at USD 35 billion in 2021 and is expected to expand at a compound annual growth rate of over 5% during the forecast period from 2022 to 2030. The decline in sales in the global automotive industry has had a negative impact on the market. Due to strict closures and the closure of production plants of different OEMs, auto dealerships will have insufficient sales in 2020. In addition, there are no travel activities and reduced car maintenance activities, and the market demand for piston systems has also decreased.

Engine innovations and prototypes from major automakers and original equipment manufacturers, as well as consumer preference for high-performance and fuel-efficient vehicles, are some of the main factors driving market growth. They are on the rise, and automakers are developing small engines with better fuel injection systems. L4 and V6 engines dominate the vehicle category. Divided by location type in 2019, there is a demand for more than four pistons in the engine. Passenger cars continue to dominate as the leading models on the market.

The sales trends of gasoline and diesel engines have shown significant growth and decline respectively. The production of piston systems has made progress in both engine types and aftermarket channels. For example, Shriram Pistons and Rings, Bosch, Mahle and other companies said that more than 22% of their revenue comes from after-sales channels to strengthen their brand awareness.

Download Sample PDF of this Report :-https://www.kennethresearch.com/sample-request-10352128

As China, India, and Japan become hubs for global automakers, the Asia-Pacific region is expected to continue to be the main market for automotive piston systems due to the increase in manufacturing. Report scope: The automotive piston engine system market is classified by raw material type (cast iron, aluminum alloy and other raw materials), vehicle type (passenger car and commercial vehicle), fuel type (gasoline and diesel), component type (piston, piston ring and piston pin) ) And geography (North America, Europe, Asia Pacific and the rest of the world). The report provides forecasts of the market size, volume and value (billions of dollars) for all the above-mentioned market segments.

Main market trends:
Increasing sales of electric vehicles hinder market growth. Increasing sales of electric vehicles hinder the growth of the automotive piston system market. The surge in sales is due to organizations and governments raising regulatory standards to control emission levels and promote zero-emission vehicles. Therefore, automakers have been working hard and focusing on increasing spending on electric vehicle research and development, which can help original equipment manufacturers sell electric vehicles in the future. car. Since 2018, this growth has occurred every year.

Almost all automotive market segments have seen this growth, including passenger cars and commercial vehicles. For example, the total number of electric passenger car registrations in 2020 was 2.98 million, while the number of registrations in 2019 was 2.12 million, an increase of 41% year-on-year.

In 2019, 77,093 vehicles were registered, a year-on-year increase of 8%. In the field of vans, a total of 95,315 electric LCV vehicles were registered in 2020 and 70,382 vehicles were registered in 2019, a year-on-year increase of 35%. Increasing preference for electric vehicles, government subsidies, and increasing demand for automation and emission reduction, the electrification of the automotive industry is the main constraint on the market.

Asia-Pacific and Europe are expected to dominate the market:
During the forecast period, Europe and Asia are expected to become the main regions of the automotive piston engine system market. This is mainly due to the heavy reliance on internal combustion engines, especially commercial vehicles operating in Europe. For example, in 2020, despite the huge growth potential of the electric vehicle market, diesel will dominate the European truck registrations. The market share of newly registered trucks is as high as 96.5%. Compared with 2019, the market share has dropped by only 1%. Although the sales figures for commercial trucks powered by internal combustion engines (ICE) in 2020 have declined compared to 2019, ICE’s market share and preference for other types of vehicles have been consistent and have promoted the market for piston engine systems.

Request Free Sample Copy :-https://www.kennethresearch.com/sample-request-10352128

For example, the number of ICE trucks registered in Europe in 2020 is 225,854, and in 2019 it was 303,393, but it occupies a considerable share of the truck market. Fuel, the total market share of gasoline and diesel engine vehicles in 2020 is 75.5%. In 2020, the total number of registered diesel vehicles was 2,778,817, compared with 4,106,951 in 2019, a year-on-year decrease of 32.3%; while in 2020, there were 4,713,778 gasoline vehicles and 7,514,812 in 2019, a year-on-year decrease of 37.3%. In the Asia-Pacific region, India and ASEAN countries dominate the automotive market in terms of sales of internal combustion engine vehicles.

For example, the number of passenger car registrations in India in 2020 was 2,427,883, compared to 2,936,626 in 2019, a decrease of 17.32% year-on-year. Of the total number of vehicles registered in 2020, only 1,554 are electric vehicles, indicating that the country piston engine system market is huge. Major ASEAN countries reported that the total number of new car registrations in 2020 is 2,453,808, a decrease of 29% from 3,458,476 in 2019. Compared with electric vehicles, traditional fuel engines occupy most of the market share. The traditional IC motor market in this region is huge. Although it is increasingly inclined to electric vehicles, it is expected that automotive piston motor systems in Europe and the Asia-Pacific region have great growth potential during the forecast period.

Competitive landscape:
The automotive piston system market is integrated, and only a few companies dominate the market. Some of the major companies that dominate the market are Aisin Seiki, Federal-Mogul Holding Co., Ltd., Rheinmetall Automotive, Hitachi Automotive Systems, and Mahle Ltd. Rheinmetall announced a strategic reorganization in February 2021, integrating the small-bore and large-bore piston business into the Rheinmetall Group as a whole to achieve better profitability for the company.

In March 2020, Tenneco (Federal-Mogul Holding LLC) announced the supply of complete engine components for Chevrolet Corvette, including pistons, piston rings, bearings and other engine products. Main participant Aisin Seiki Federal-Mogul Holding LLC Rheinmetall Automotive AG Hitachi Automotive Systems Mahle GmbH.

Download Sample PDF of this Report :-https://www.kennethresearch.com/sample-request-10352128

About Kenneth Research

Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defense, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.
Contact Us

Kenneth Research

Email : Sales@kennethresearch.com

Phone: +1 313 462 0609

Leave a Reply