DUBLIN, May 20, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/7srwqc/automotive_piston) has announced the addition of the "Automotive Piston System Market by Component, by Material type, by Coating type, and Region - Industry Trends & Forecast to 2019" report to their offering.
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In terms of volume, the automotive piston system market is estimated to grow at a CAGR of 5.84% from 2014-2019, and is projected to reach upto 552,874.1 thousand units by 2019.
Automotive piston systems comprise of piston, compression rings, oil rings, and piston pin. Together, these components function together as a system to transfer a force from the expanding gas in the combustion chamber to the crankshaft via connecting rod.The demand for automotive piston system is directly linked to vehicle production, as piston systems are an integral part of an engine. The market for automotive piston system is primarily driven by increasing vehicle demand across the globe. Other factors such as increasing demand for lightweight piston systems are driving the demand for the aluminum pistons.
The regions covered in the report include Asia-Oceania, Europe, North America, and rest of the world (RoW); along side key countries of these regions. With regard to the components of a piston system, the market is segmented into piston, piston rings, and piston pin. The market is also segmented by vehicle as well as fuel type. The report also covers automotive pistion system material market that is segmented into aluminum and steel. The automotive piston coating market includes dry film lubricants, thermal barriers, and oil shedding coating.
The Asia-Oceania region has emerged as a substantial market for the automotive piston system industry. Piston system manufacturers such as Mahle GmbH (Germany), Aisin-Seiki Co. Ltd. (Japan), Hitachi Ltd. (Japan), and Rheinmetall AG (Germany) among others have their presence in this region. In 2014, the Asia-Oceania region was estimated to account for around 50% of the global piston system market share, in terms of volume.
As of 2014, the automotive piston system material market size, in terms of volume, was mainly dominated by aluminum. It is projected to grow rapidly at a CAGR of 5.84%, reaching a market size of 458,044.8 thousand units by 2019. The global automotive piston system material market is expected to grow at a CAGR of 5.84% for the study period.
Companies Mentioned
- Aisin Seiki Co., Ltd.
- Art Metal Mfg. Co., Ltd.
- Dongsuh Industrial Co., Ltd.
- Federal-Mogul Corporation
- Hitachi Ltd. (Hitachi Automotive Systems)
- Honda Foundry Co. Ltd.
- Mahle Group
- PT Astra Otoparts TBK
- Rheinmetall AG (KSPG AG)
- Shandong Binzhou Bohai Piston Co., Ltd.
For more information visit http://www.researchandmarkets.com/research/7srwqc/automotive_piston
Media Contact: Laura Wood, +353-1-481-1716, press@researchandmarkets.net
