According to a market report by Lucintel, the future of the automotive piston system market looks promising with opportunities in the passenger cars, and light commercial vehicle markets. The piston system market is expected to grow with a CAGR of 6% from 2019 to 2024. The major drivers for this market are growing trend of engine downsizing, increasing vehicle production, and high demand for lightweight pistons.
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Within the automotive piston system market, passenger cars and light commercial vehicles are the major end use industries. Passenger car is the largest end use segment for automotive piston system.
Asia Pacific will remain the largest region over the forecast period due to growth in vehicle production and government mandates regarding the active, passive safety of vehicles, increasing investment in infrastructure, construction activities, and increasing vehicle sales are projected to drive the growth in this region.
Aisin Seiki, Bosch, ZF Friedrichshafen, BorgWarner, JTEKT, Continental, Schaeffer, Wabco, GKN, and FTE Automotive are among the major manufacturers of piston system.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the automotive piston system market by piston type, by material, by coating, by end use, and by region. Lucintel has prepared a comprehensive research report titled "Automotive Piston System Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the automotive piston system market by piston type, by material, by coating, by end use, and by region as follows:
By Piston Type [$M shipment analysis for 2013 – 2024]
Trunk
Crosshead
Slipper
Deflector
By Material [$M shipment analysis for 2013 – 2024]
By Coating [$M shipment analysis for 2013 – 2024]
Thermal Barrier
Oil Shedding
Dry Film Lubricating
Others
By End Use [$M shipment analysis for 2013 – 2024]
Passenger Car
Small cars
Compact cars
Mid-Sized cars
Luxury cars
SUVs & Crossovers
Light Commercial Vehicle
Heavy Commercial Vehicles
By Region [$M shipment analysis for 2013 – 2024]
North America
Europe
Germany
Russia
France
United Kingdom
Italy
Asia Pacific
Japan
India
South Korea
Indonesia
China
The Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/automotive-piston-system-market.aspx or helpdesk@lucintel.com.
About Lucintel
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