The automotive piston market is expected to grow at a CAGR of almost 4% during the forecast period. The report also analyzes the market by application (Passenger vehicles and Commercial vehicles) and geography (APAC, Europe, North America, South America, and MEA). The report also analyzes the market’s competitive landscape and offers information on several market vendors, including Aisin Seiki Co. Ltd., Amalgamations Group, Cosworth Group Holdings Ltd., Hitachi Ltd., MAHLE GmbH, Menon Pistons Ltd., Rheinmetall AG, Tenneco Inc., Wossner GmbH, and ZENITH TROOP INDUSTRIAL Co. Ltd..
To make the most of the opportunities, vendors should also capitalize on growth prospects in the emerging markets, while maintaining their positions in the mature markets. 62% of the automotive piston market growth will originate from APAC. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.
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The report offers an up-to-date analysis of the geographical composition of the market. APAC had the largest market share in the automotive piston market in 2020, and the region will offer several growth opportunities to market vendors during the forecast period. The Increase in demand for forged pistons | Growing demand for SUVs and pick-up trucks | Increase in the launch of new engines will significantly influence automotive piston market growth in this region. With the shift in consumer behavior owing to the COVID-19 pandemic, the vendors are focusing on leveraging upcoming trends and drivers that have been identified and explored in this automotive piston market analysis report. Other upcoming trends such as Development of autonomous vehicles will also influence the demand for automotive piston market during the forecast period.