According to our latest market study on “Automotive
Piston Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by
Material Type, Coating Type, Vehicle Type, and Piston Type,” the market was
valued at US$ 3879.92 million in 2021 and is projected to reach US$ 5815.15
million by 2028; it is expected to grow at a CAGR of 6.0% from 2021 to 2028.

Increasing Production
of ICE Vehicles to Drive Market Growth during Forecast Period

The automotive piston market is witnessing increasing demand
for small-bore pistons, large-bore pistons, bearings, and castings that contribute
to weight reduction, emission reduction, and improved performance due to which
there is an increasing in the demand of automotive piston in various vehicle
type for making vehicle more efficient and light-weight. Also, the Increasing
production of internal combustion engine (ICE) vehicles is boosting the demand
for automotive pistons to achieve fuel efficiency, reduce emissions, and
enhance flexibility and reliability.

The increasing demand for automotive piston in ICE vehicles
to achieve fuel efficiency, reduce emissions, and enhance flexibility and
reliability is driving the automotive piston market. In addition to growing
economies, rise in disposable income and expectations in terms of convenience
are among the factors bolstering the sales of passenger cars, further boosting
the automotive piston market. Demand for advanced and high-tech features, and
technological innovations as well as concerns regarding environmental safety
are compelling OEMs to focus on the production and adoption of highly accurate
and high-performance piston designs, thereby promoting the development of
long-lasting pistons that can withstand stress, and wear and tear caused by
engine operations. Mechanical simplicity, flexibility and reliability, and
multi-fuel capabilities are among the other features driving the adoption of
automotive pistons.

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The use of lightweight pistons leads to a reduction in
engine weight. It benefits ICE vehicles through greater fuel efficiency and
pollution reduction. The automotive pistons manufactured using lightweight
hybrid composite materials are ~25% lighter than those made from conventional
materials. Moreover, the former enables cost-saving of over 62%. Thus, the
performance and cost benefits of lightweight pistons are encouraging the
participants in the automotive sector to invest in innovative designs, which is
bolstering the growth of the automotive piston market.

Mahle GmbH, Tenneco
Inc., Rheinmetall AG, ART Metal MFG Co. Ltd., and TPR Co. Ltd.. - Prominent
Market Participants in Automotive Piston Market

Mahle GmbH, Tenneco Inc., Rheinmetall AG, ART Metal MFG Co.
Ltd., and TPR Co. Ltd are some of the key market players operating in the
global automotive piston market. The listing of key players is derived by
considering multiple factors such as overall revenue, current automotive piston
system product portfolio, geographical reach, new product launches, market
initiatives, and investment in technology upgradation, partnerships, and other
market related activities. In addition to these players, there are several
other important players operating in the automotive piston system ecosystems
which were studies analyzed during the course of this market research study.

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