Automotive Piston Market Growth and Opportunities by 2025

Automotive Piston Market

The global Automotive Piston Market size is projected to grow to USD 2.2 billion by 2025 from USD 1.9 billion in 2020, at a CAGR of 3.5%. Demand for high-pressure GDI pistons, lightweight piston components, and passenger car gasoline engines would drive the global automotive piston industry. 

Passenger Car Segment is estimated to hold the largest share in Automotive Piston Market

The passenger car segment is estimated as the largest market for automotive piston as this type of vehicle contributes to >60% of the global vehicle production. According to the ACEA, passenger car production hit 66 million in 2018; this figure is expected to go beyond 70 million by 2024–2025, with the Asia Pacific and North America being the leading regions. All these factors will increase the demand for piston from the passenger car segment in the coming years.

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The gasoline segment is estimated to the largest growing segment in the automotive piston market

Gasoline vehicle has the highest penetration in passenger and light-duty vehicles. Whereas, the usage of gasoline in heavy commercial vehicles is virtually zero. The overall market share of gasoline engines, irrespective of vehicle type, is expected to be ~75% in 2020. Owing to the new emission regulations, the demand for gasoline vehicles is estimated to increase in the coming years. Also, as gasoline vehicles require less maintenance as compared to diesel vehicles, their application is rising in the passenger car segment. Therefore, piston systems for gasoline vehicles account for a larger share of the market, and this trend is expected to continue during the forecast period.

Asia Pacific: The largest automotive piston market

China, Japan, South Korea, and India are the largest vehicle producers globally. These countries accounted for 49% of the global vehicle production in 2019 (China alone accounted for 30% of the global vehicle production in 2019). The demand for 3-cylinder and 4-cylinder engines is high in the Asia Pacific as it is a major hub for small car production. The key OEMs in this region include Brilliance Auto, Shanghai Automotive Industry Corporation (SAIC), Chery Automobile, Geely Automobile, Hawtai Motor Group, and Honda Motor Co., Ltd. Hence, the Asia Pacific is the largest market for automotive pistons. The Asia Pacific contributed to 37% of the demand for pistons, in terms of value, in 2019. Some of the top-selling models in 2019 in China and Japan were Volkswagen Lavida, Nissan Sylphy, Haval H6, Nissan Note, Toyota Prius and Aqua, and Nissan Serena.

Key Market Players:

The automotive piston market is dominated by global players and comprises several regional players as well. The key players in the automotive piston industry are MAHLE GmbH (Germany), Aisin Seiki Co., Ltd. (Japan), Rheinmetall Automotive AG (Germany), Tenneco Inc. (US), and Art Metal Mfg. Co. Ltd. (Japan).

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