The Latest Piston Industry Statistics Explained
The global automotive piston market size was valued at USD 8.4 billion in 2021.
The statistic indicates that the total market value of automotive pistons worldwide in 2021 was estimated to be USD 8.4 billion. This figure represents the monetary worth of all automotive pistons sold across various regions and markets during that year. The size of the global automotive piston market is a key indicator of the demand for pistons in the automotive industry, reflecting the volume of vehicles being manufactured and the replacement parts being consumed. Understanding this market size is crucial for industry stakeholders, including manufacturers, suppliers, and investors, to make informed decisions and strategies related to production, sales, and investments in the automotive piston sector.
It is projected that the international automotive piston system market will reach $15,705 million by 2022.
The statistic indicates that industry experts anticipate the global market for automotive piston systems to grow significantly, with a projected value of $15,705 million by the year 2022. This forecast suggests a positive trend in the demand for automotive piston systems worldwide, driven by factors such as technological advancements in the automotive industry, increasing vehicle production, and growing preference for energy-efficient vehicles. The projected market value serves as a measure of the expected economic impact and growth opportunities within the automotive piston system sector over the specified time frame, highlighting the potential for industry expansion and development in the coming years.
The piston industry is expected to register a CAGR of over 3.5% during the forecast period 2021-2026.
The statistic stating that the piston industry is expected to register a compound annual growth rate (CAGR) of over 3.5% during the forecast period 2021-2026 indicates the projected annualized growth rate of the industry over the specified time period. This means that, on average, the industry is anticipated to experience a 3.5% increase in its market size, revenue, or other relevant metrics each year between 2021 and 2026. A CAGR provides a more accurate representation of growth compared to simple annual growth rates, as it considers the compounding effect of growth over multiple years. This statistic suggests that the piston industry is expected to exhibit steady expansion and potential opportunities for investment or market expansion during the forecast period.
Europe is the second-largest market for automotive pistons globally, expected to grow at a CAGR of 2.33% during 2015-2025.
This statistic indicates that Europe holds the position of the second-largest market for automotive pistons on a global scale, with a projected compound annual growth rate (CAGR) of 2.33% from 2015 to 2025. This growth rate suggests a gradual but steady increase in the demand and production of automotive pistons in the European market over the specified time period. Factors such as increasing automobile production, technological advancements, and evolving consumer preferences could be contributing to this anticipated growth trend in the automotive piston market within Europe. This statistic provides valuable insights for stakeholders in the automotive industry, enabling them to make informed decisions and strategies to capitalize on the growth opportunities within the European automotive piston market.
The lightweight piston segment is expected to grow at the highest CAGR of 5.5% from 2017 to 2022.
This statistic indicates that among all segments in the piston industry, the lightweight piston segment is projected to experience the highest Compound Annual Growth Rate (CAGR) of 5.5% from 2017 to 2022. This means that the demand for lightweight pistons, which are likely known for their superior performance and efficiency, is anticipated to increase at a faster rate compared to other types of pistons during the specified period. This growth rate signifies a significant market opportunity for manufacturers and suppliers in the lightweight piston segment, indicating a trend towards lightweight materials and technologies in the industry.
The Aluminum piston segment is expected to hold a share of more than 76% by value till 2029.
The statistic ‘The Aluminum piston segment is expected to hold a share of more than 76% by value till 2029’ indicates that within the market for pistons, the Aluminum piston segment is projected to account for over 76% of the total market value until the year 2029. This suggests that Aluminum pistons are expected to dominate the market in terms of revenue and are likely to remain a key player in the industry for the foreseeable future. This statistic points towards the significant market presence and importance of Aluminum pistons within the broader context of piston manufacturing and sales.
The market for Trunk Piston is expected to grow at a higher CAGR of around 4% until 2022.
This statistic means that the market for Trunk Piston, a specific type of engine component, is projected to experience significant growth over the forecast period until 2022, with a Compound Annual Growth Rate (CAGR) of approximately 4%. This indicates a strong upward trend in demand and sales for Trunk Pistons, likely driven by various factors such as rising industrialization, increasing use of internal combustion engines, and advancements in automotive technology. The higher CAGR suggests a faster rate of expansion compared to previous years, highlighting opportunities for manufacturers, suppliers, and other stakeholders in the Trunk Piston market to capitalize on this growth potential in the near future.
The market size of Piston Rings globally was approximately 2.41 billion dollars according to a 2018 report.
The statistic “The market size of Piston Rings globally was approximately 2.41 billion dollars according to a 2018 report” indicates the total value of sales for piston rings across the worldwide market as estimated in a report from the year 2018. This figure suggests the total revenue generated from the sale of piston rings, which are crucial components in internal combustion engines. Understanding the market size provides insights into the scale of the industry and can be valuable for businesses, policymakers, and investors to make informed decisions about investments, production, and market strategies related to piston rings.
The piston ring market size is anticipated to reach around US$ 1,670.40 Mn by 2027.
This statistic indicates that the market size for piston rings is projected to grow to approximately US$ 1,670.40 million by the year 2027. This forecast suggests a potentially significant increase in the demand for piston rings, which are essential components in internal combustion engines. The rise in market size could be driven by factors such as growing automotive production, increasing adoption of electric vehicles, and advancements in engine technologies. Companies operating in the piston ring industry may benefit from this growth opportunity and need to adapt their strategies to capitalize on the expanding market.
The automotive piston segment contributed more than 40% revenue to the overall piston ring market in 2018.
In 2018, the automotive piston segment played a significant role in the overall piston ring market by contributing more than 40% of the total revenue. This statistic implies that a substantial portion of the revenue generated in the piston ring market was attributed to the sales of piston rings used in automotive pistons. The strong contribution of the automotive piston segment indicates a high demand for piston rings within the automotive industry, reflecting the importance of this sector in driving revenue growth within the piston ring market. It also suggests that manufacturers and suppliers within the automotive piston segment may have a considerable influence on the performance and dynamics of the overall piston ring market in 2018.
The gasoline engine sector accounted for over 48% share of the total piston market in 2020.
In 2020, the gasoline engine sector held a significant portion of the total piston market, making up more than 48% of the market share. This statistic indicates that gasoline engines were the dominant type of engines utilized in various applications where pistons are essential components, such as in automotive, construction, and manufacturing industries. The high market share held by the gasoline engine sector highlights the widespread demand for this type of engine technology and its importance in powering a wide range of vehicles and machinery in 2020.
The average price of piston rings in global market increased from 2013 to 2017.
The statistic indicates that the mean price of piston rings across the global market experienced a rise between the years 2013 to 2017. This suggests that, on average, consumers were paying more for piston rings during this period. The increase in price could have been driven by various factors such as changes in demand and supply dynamics, shifts in global economic conditions, fluctuations in raw material costs, or advancements in technology leading to higher quality products. Understanding the reasons behind this upward trend in piston ring prices can provide valuable insights for manufacturers, distributors, and consumers within the automotive industry.
The demand for the piston market is driven by the introduction of BS VI norms, contributing a growth rate of 3.83%.
The statistic implies that the demand for pistons in the market has experienced a positive influence from the implementation of Bharat Stage VI (BS VI) norms. These regulations likely necessitate the use of more advanced and efficient pistons in vehicles to meet emission standards, resulting in an increased demand for such components. The growth rate of 3.83% indicates the magnitude of this impact, suggesting a steady rise in demand as the automotive industry adapts to comply with the stricter emission standards. Overall, this statistic underscores the significance of regulatory changes in driving market dynamics and shaping industry trends, particularly in sectors like automotive where environmental regulations play a crucial role.
The automotive piston market size in India was $394.9 million in 2019.
The statistic “The automotive piston market size in India was $394.9 million in 2019” represents the total revenue generated by the automotive piston industry in India during the year 2019. This figure serves as a crucial indicator of the economic activity and overall market demand for automotive pistons within the country. It provides valuable insights into the size and growth potential of the automotive piston market in India, which can be used by industry stakeholders, investors, and policymakers to make informed decisions regarding investments, expansions, and regulations within the automotive industry.
China is the leading automotive piston market with a 24% share in the global market in 2019.
The statistic “China is the leading automotive piston market with a 24% share in the global market in 2019” indicates that China accounted for the largest proportion of automotive piston sales worldwide in the year 2019, capturing 24% of the total market share. This highlights China’s significant role in the automotive industry and its dominance in the manufacturing and distribution of automotive pistons. The high market share suggests that China is a major player in this sector, potentially influencing global trends and competition among automotive piston manufacturers. Overall, this statistic underscores the importance of China in the automotive piston market and its impact on the industry on a global scale.
Japan Automotive Piston market stood around $1412 million in 2020.
The statistic ‘Japan Automotive Piston market stood around $1412 million in 2020’ refers to the total market value of automotive pistons in Japan for the year 2020. This value represents the amount of money spent on automotive pistons by consumers and businesses in the Japanese market during that year. It indicates the size and economic significance of the automotive piston industry in Japan, highlighting the demand for these components in the automotive sector. The statistic also gives insights into the overall performance and trends in the automotive industry in Japan, reflecting market dynamics, consumer preferences, and industry competitiveness.
The market revenue of piston rings in the United States was $129.36 million in 2021.
The statistic “The market revenue of piston rings in the United States was $129.36 million in 2021” represents the total amount of money generated from the sales of piston rings within the United States during the year 2021. This figure provides insight into the size and value of the market for piston rings in the country, indicating the level of demand for this particular automotive component. The revenue amount of $129.36 million serves as a critical indicator for businesses operating in the piston ring industry, offering valuable information on market performance, competitiveness, and potential opportunities for growth or investment within the sector.
The North America piston ring market size was estimated at USD 578.2 million in 2017.
The statistic that states the North America piston ring market size was estimated at USD 578.2 million in 2017 indicates the total value of piston ring sales within the North American region for that particular year. This figure represents the revenue generated from the sale of piston rings by companies operating in the North American market. The market size can be a key indicator of economic activity within the automotive industry, as piston rings are essential components used in internal combustion engines. Analyzing the market size can offer insights into trends, consumer demand, and overall industry performance, helping stakeholders make informed decisions and strategies for future business operations.
References
0. – https://www.www.marketsandmarkets.com
1. – https://www.www.alliedmarketresearch.com
2. – https://www.www.grandviewresearch.com
3. – https://www.www.futuremarketinsights.com
4. – https://www.www.marketresearchfuture.com
5. – https://www.www.statista.com
6. – https://www.finance.yahoo.com
7. – https://www.www.coherentmarketinsights.com
8. – https://www.www.techsciresearch.com
9. – https://www.www.globenewswire.com
10. – https://www.www.absolutereports.com
11. – https://www.www.mordorintelligence.com
12. – https://www.www.prnewswire.com
13. – https://www.www.fortunebusinessinsights.com
14. – https://www.www.persistencemarketresearch.com
