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The demand for pistons that are made with high strength materials is on the rise thus contributing to the overall market growth. Market reports connected with the automobile industry have been made accessible by Market Research Future who publishes reports on other sectors that have been recently put out along with a report on this industry. The market is likely to grow with an inspiring CAGR rate over the forecast period.
The Auto Piston Industry is expanding positively in response to the demand that is stemming from the presence of a huge and well-established automobile market. As pistons form an integral component of the car engines, they are being increasingly incorporated in engines that are a part of faster and more efficient cars. The market is also mounting in response to the development in the types of materials that are used for manufacturing pistons. The increase in the usage of lightweight pistons because of the escalating fuel prices is anticipated to fuel the growth of the market over the forecast period.
Segmental Analysis
The segmentation of the Auto Piston Industry is carried out on the basis of material, coating, vehicle type, and region. On the basis of material, the Auto Piston Industry is divided into aluminum and steel. On the basis of Coating, the Auto Piston Industry is segmented into dry film lubricating, oil shedding, thermal barrier and Others. On the basis of Vehicle Type, the market is segmented into light commercial vehicle, passenger cars, and heavy commercial vehicle. By region, the market is segmented into APAC, Europe, North America, and Rest of the world.
Regional Analysis
The regional analysis of the Auto Piston Industry globally comprises of regions such as Europe, North America, APAC and Rest of the world. The Asia Pacific region is likely to expand with due to an increasing number of vehicles being manufactured in developing nations such as India and China. The development of the Auto Piston Industry in the Asia Pacific region is chiefly attributed to the increasing per capita income of the individuals in the region, which is leading to the implementation of high-end automobiles, therefore growing the usage of pistons. The prevalence of key automobile manufacturers in the region is also adding to the development of the Auto Piston Industry.
Competitive Analysis
The innovation in products and services is the main factor adding to the market's profitability and swaying the trends that gain prominence in the market. The key success factors and competitors’ tendencies are progressively improving by the strategies being used by market players. The market is comparatively well defined in terms of its value and volume. The accessibility to a decent labor force along with resources is adding to the general market growth. The external factors are influencing the market which is contingent on the techniques and the strategic roadmaps that are deployed by market players.
The significant contenders of the Auto Piston Industry globally are Federal-Mogul Corporation (U.S.), Aisin Seiki Co., Ltd. (Japan), MAHLE GmbH (Germany), Arias Pistons Ltd (U.K.), Rheinmetall Automotive AG (Germany), Shandong BinzhouBohai Piston Co., Ltd. (China), Shriram Pistons and Rings Ltd. (India), Ming Shun Industrial Co. Ltd (Taiwan), Burgess-Norton Mfg. Co., Inc. (U.S.), Ross Racing Pistons (U.S.) and others.
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