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(Transportation-News.com, October 19, 2017 ) Market Scenario:
A piston is an important component of automobile internal combustion engine, which transfers power within the cylinder of vehicle and delivers energy to the crankshaft after each power stroke during the cycle of an engine.
The booming automotive industry is directly leading to the growth of the piston market. High end-bikes require a double engine cylinder consisting of two pistons. Therefore, the increase in demand of high end automobiles is leading to the increase in demand of pistons. Light weight pistons help in achieving fuel efficiency in automobile users. Thus, the rapid increase in the fuel prices is leading to the increased use of light weight pistons, thereby leading to the growth of the market.
The growth of the market can be restrained by the emergence of electric vehicles, which do not require pistons.
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Regional Analysis:
Asia-Pacific region is expected to grow the highest with the increasing number of vehicles in developing nations such as India and China. The growth of the piston market in the Asia-Pacific region is due to the increasing per capita income of the individuals here, which is leading to the adoption of high-end automobiles, thus increasing the use of pistons. Prevalence of major automobile manufacturers in the region is also contributing to the growth of the piston market.
Key Players:
The key players of global piston market are Aisin Seiki Co., Ltd. (Japan), Federal-Mogul Corporation (U.S.), Rheinmetall Automotive AG (Germany), MAHLE GmbH (Germany), Arias Pistons Ltd (U.K.), Shandong BinzhouBohai Piston Co., Ltd. (China), Burgess-Norton Mfg. Co., Inc. (U.S.), Ming Shun Industrial Co. Ltd (Taiwan), Ross Racing Pistons (U.S.), Shriram Pistons and Rings ltd. (India) and others..
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