MAHLE Group, Tenneco Inc., Aisin Seiki Co., Ltd., Hitachi Automotive Systems, Ltd., Rheinmetall Automotive AG, and Shriram Pistons and Rings Limited, among others, are the major players in the global market for automotive pistons.
According to the analysis by Expert Market Research, the global automotive piston market is poised to grow at a CAGR of 4% during the forecast period of 2023-2028, driven by the burgeoning automobile industry.
The rapid increase in both the demand and production of automobiles significantly impacts the demand for pistons. As the manufacturing of automobiles rises, so does the necessity for pistons. Lightweight pistons are particularly favorable for enhancing an engine's efficiency. Consequently, the continual advancement of engines propels the growth of the global piston market.
The surge in automobile sales across diverse segments, including two-wheelers and four-wheelers, is anticipated to drive the expansion of the global piston market. In the two-wheeler sector, the preference for double-cylinder engines over traditional single-cylinder engines in premium segment bikes is noteworthy. This trend is expected to boost the production of premium category bikes, thereby contributing to the global market growth.
The anticipated rise in the demand for light and heavy commercial vehicles, along with passenger cars, supports the global industry's expansion. Research and development activities aimed at enhancing engine fuel efficiency are the primary drivers of growth in the automotive piston market.
The Asia Pacific region stands as the leading market for automotive pistons globally. The increased demand for economical vehicles, particularly hatchbacks, compact sedans, and compact SUVs, is propelling industry growth in this region. These vehicles typically feature 4-cylinder engines. Additionally, favorable government initiatives and increased investments by key players in the automotive sector are fueling market expansion in the Asia Pacific.
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Top 6 Global Automotive Piston Companies:
MAHLE Group
Dongya Product Page
Headquarters:
Stuttgart, Germany
Establishment:
1920
Website:
https://www.mahle.com/
As a pioneer and technology leader for the mobility of the future, MAHLE is a global leader, development partner, and supplier to the automobile industry. The technological group is currently well-positioned in the fields of thermal management and powertrain technology, with a strong focus on emerging issues in the field of mobility. As part of its dual strategy, MAHLE is working on technologies that will support the market adoption of fuel cells and e-mobility in addition to intelligent combustion engines for the use of hydrogen and other non-fossil fuels.
Tenneco Inc.
Headquarters:
Illinois, United States
Establishment:
1940
Website:
https://www.tenneco.com/
For both original equipment and aftermarket clients, Tenneco is one of the top designers, makers, and marketers of automotive goods. The company is present in more than 270 sites. Their business has four main pillars: motor parts, clean air, powertrain, and performance solutions.
Aisin Seiki Co., Ltd.
Headquarters:
Aichi, Japan
Establishment:
1949
Website:
https://www.aisin.com/en/
Aisin Seiki, a member of the Toyota group of companies, is a corporation that develops, produces, and sells systems and components for the automotive industry. Aisin Seiki strives to improve the environment, safety, comfort, and convenience through the creation of automotive components and products that are related to life and energy.
Hitachi Automotive Systems, Ltd.
Headquarters:
Tokyo, Japan
Establishment:
2009
Website:
https://www.hitachi-automotive.us/
Hitachi Automotive Systems is a part of the Hitachi group companies, and is a leading manufacturer of efficient and low-footprint automotive components. It is an integrated service provider that is involved in the manufacturing, sales, and services of automotive components. Its portfolio has a wide range of products and technologies that include environmentally sustainable energy management systems, inverters, electric motors, and many more.
Rheinmetall Automotive AG
Headquarters:
Neckarsulm, Germany
Establishment:
1997
Website:
https://www.rheinmetall-automotive.com/en/
Rheinmetall is a global supplier of automotive components. It has expertise in air supply, emission control, and pump technologies. It is also a market leader in the development and production of pistons, engine blocks, and plain bearings, along with their spare parts.
Shriram Pistons and Rings Limited
Headquarters:
Delhi, India
Establishment:
1972
Website:
https://shrirampistons.com/
Shriram Pistons and Rings Limited is the largest exporter of pistons and rings to customers including Renault, Kia, Honda, Ford and many more. The company also develops and manufactures products utilising latest technologies. It is a part of the Shriram Group, which is one of India’s oldest and most reputed industrial houses. Its portfolio includes pistons, piston pins, piston rings, and engine valves.
Also Read@ https://www.expertmarketresearch.com/pressrelease/global-automotive-piston-market
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
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