Global Automotive Piston Market 2017-2021
About Automotive Piston
The automotive piston mostly functions by transferring force from the expanding gas in the cylinder to the crankshaft via the piston rod or with the help of connecting rod, which produces the required power to drive the shaft and consequently the automobile. The automotive piston consists of piston rings which restrict the leakage of gas. The piston also acts as a valve in some engines for ports in the cylinder wall. A piston facilitates the intake, compression, combustion, and exhaust stroke of an IC engine. The piston moves in upward and downward motion inside an engine cylinder. The motion transmits the energy into the camshaft connected between cam and the piston. The power is transferred from the engine cylinder causing the movement of the vehicle.
Technavio’s analysts forecast the global automotive piston market to grow at a CAGR of 2.06% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of global automotive piston market for 2017-2021. To calculate the market size, the report considers the new sales and shipments.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive Piston Market 2017-2021
Technavio recognizes the following companies as the key players in the global automotive piston market: Rheinmetall Automotive, AISIN SEIKI, MAHLE, and Federal-Mogul.
Other Prominent Vendors in the market are: KS Kolbenschmidt US, TIK Piston Taiwan, Menon Piston, and Wiseco.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Increasing introduction of innovative engines such as Renault Powerful. The approach of Renault on cleaner and efficient vehicles is quite new. The company has developed a new two-stroke engine named Powerful that stands for powertrain for the future light-duty vehicle. The engine can also be used in cars and light trucks. It is a two-cylinder engine and not the conventional four-cylinder engine from Renault.”
According to the report, one of the major drivers for this market is Increasing demand for vehicles. The global automotive industry is growing at a significant rate. This is attributed to the high demand for passenger cars, specifically from emerging economies such as China, India, and Brazil. These regions have shown significant economic growth over the past few years. The market growth in these regions has been dynamic due to industrialization and global trade activity, especially in Brazil, Russia, India, and China (BRIC) countries. With the increasing number of passenger vehicles in these countries, the automotive piston market will also grow.
Further, the report states that one of the major factors hindering the growth of this market is High requirement for engine downsizing. The US Environmental Protection Agency (US EPA) along with the National Highway Traffic Safety Administration (NHTSA) is working toward a status that enables reduced GHG emissions and better fuel efficiency for vehicles and engines. This plan includes all types of vehicles from entry-level passenger cars to heavy-duty trucks. To meet the regulations on emissions by different governments and to meet the fuel efficiency demands, the automakers followed the procedure of engine downsizing. Downsizing of the engine can be done in two ways: by reducing the dimension of the cylinders and by reducing the number of cylinders.
Rheinmetall Automotive, AISIN SEIKI, MAHLE, Federal-Mogul, KS Kolbenschmidt US, TIK Piston Taiwan, Menon Piston, and Wiseco.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook