What is the current Automotive Piston Engine System Market size?

The Automotive Piston Engine System Market is projected to register a CAGR of 4.23% during the forecast period (2024-2029) Read More

Who are the key players in Automotive Piston Engine System Market?

Aisin Seiki, Federal Mogul Holding LLC, Mahle GmbH, Rheinmetall and Tenneco Inc are the major companies operating in the Automotive Piston Engine System Market. Read More

Which is the fastest growing region in Automotive Piston Engine System Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Automotive Piston Engine System Market?

In 2024, the North America accounts for the largest market share in Automotive Piston Engine System Market. Read More

What years does this Automotive Piston Engine System Market cover?

The report covers the Automotive Piston Engine System Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Automotive Piston Engine System Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Automotive Piston Engine System Market

Automotive Piston Engine System Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Global Automotive Piston Engine System Market is Segmented by Raw Material Type (Cast Iron, Aluminum Alloy, and Other Raw Materials), Vehicle Type (Passenger Cars and Commercial Vehicles), Fuel Type (Gasoline and Diesel), Component Type (Piston, Piston Ring, and Piston Pin), and Geography (North America, Europe, Asia-Pacific, and Rest of the World). The report offers the market sizes and forecasts in volume and value (USD billion) for all the above segments.

Automotive Piston Engine System Industry Overview

The automobile piston engine system market is consolidated and highly competitive, with only a few companies dominating the market. Some of the major companies operating in the market are Aisin Seiki, Federal-Mogul Holding LLC, Mahle GmbH, Tenneco Inc, Rheinmetall Automotive AG, Hitachi Automotive Systems, and Riken Corporation, among others. These players actively engage in forming long-term partnerships with auto manufacturers to enhance their brand portfolio by offering various piston components for gasoline or diesel vehicles.

In January 2023, Rheinmetall officially transferred its large-bore pistons production to Koncentra Verkstads AB (KVAB) of Gothenburg, Sweden. In October 2022, Rheinmetall announced the sale, which reflected the Düsseldorf tech group's strategic reorientation towards an improved focus on developing small-bore pistons.
In August 2022, Nippon Piston Ring and Riken Corporation announced a Memorandum of Understanding (MoU) agreement to establish a joint holding company formed by mutual stock transfer. It is to consolidate the two companies on equal terms. As per the agreement, the trading name of the new joint company will be NPR-Riken Corporation. The company aims to facilitate the development of advanced position solutions for the automotive industry.

The market is anticipated to witness the launch of various advanced lightweight piston components in the coming years as these players try to gain a competitive edge with the diversification of their product portfolio.