IMARC Group, a leading market research company, has recently releases report titled “Automotive Piston Pin Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032,” The study provides a detailed analysis of the industry, including the global automotive piston pin market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the automotive piston pin market?
The global automotive piston pin market size reached US$ 294.1 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 393.7 Million by 2032, exhibiting a growth rate (CAGR) of 3.2% during 2024-2032.
What is Automotive Piston Pin?
The automotive piston pin, also known as a wrist pin, is an integral component within the internal combustion engine of vehicles. This cylindrical piece of metal connects the piston to the connecting rod, enabling the transfer of force from the piston to the crankshaft and ultimately facilitating the vehicle’s movement. It operates under intense heat and pressure conditions, making its durability and reliability critical for the overall performance of the engine. Additionally, the piston pin helps to maintain the alignment of these components, ensuring the efficient operation of the engine. The sophistication in design and material composition of piston pins reflects the high level of engineering required to sustain the functionality of vehicles in various operating conditions. As a result, the quality of this important engine component is a key determinant in the automobile industry. It adds greatly to the engine’s efficiency, power output, and longevity.
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What are the growth prospects and trends in the automotive piston pin industry?
The global automotive piston pin market is currently experiencing robust growth, driven by continuous advancements in automotive technologies. This can be supported by the increasing demand for high-performance vehicles that underscore the growing need for durable and efficient piston pins. Along with this, the rising adoption of downsized engines, with an emphasis on fuel efficiency and emissions reduction, is significantly supporting the market. This trend toward engine downsizing requires high-quality piston pins capable of maintaining optimal engine performance. In addition, the emergence of electric vehicles (EVs) also offers potential for market growth, due to the essential role of piston pins in hybrid powertrain systems. Apart from this, the growing trend of vehicle customization, particularly in high-performance and luxury vehicles, has resulted in increased demand for premium piston pins. Furthermore, growing environmental regulations globally are encouraging the adoption of lightweight materials in piston pin manufacturing, creating a positive market outlook.
What is included in market segmentation?
The report has segmented the market into the following categories:
Market Breakup by Material:
- Steel
- Aluminium
- Titanium
Market Breakup by Coating Type:
- DLC (Diamond-Like Carbon) Coating
- PVD (Physical Vapor Deposition)) Coating
- Dry Film Lubricants
- Thermal Coating/Thermal Barrier Coating
- Oil Shedding
- Powder Coating
- Others
Market Breakup by Vehicle Type :
- Passenger Car
- LCV
- HCV
- Others
Market Breakup by Fuel Type:
- Gasoline
- Diesel
- Alternative Fuel
Market Breakup by Sales Channel:
- OEM
- Aftermarket
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Aisin Corporation
- Art-Serina Piston Co. Ltd.
- Burgess-Norton Mfg. Co. Inc. (Amsted Industries Incorporated)
- Elgin Industries Inc.
- Excel Industries Rajkot
- JE Pistons (Race Winning Brands Inc.)
- MAHLE GmbH (MAHLE-STIFTUNG GmbH)
- Ming Shun Industrial Co. Ltd.
- Rheinmetall AG
- Ross Racing Pistons
- Shriram Pistons & Rings Ltd.
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