Global Automotive Piston Market 2020-2024 | 2% CAGR Projection Through 2024 | Technavio

LONDON–(BUSINESS WIRE)–#automotiveindustry–The global automotive piston market is expected to post a CAGR of almost 2% during the period 2020-2024, according to the latest market research report by Technavio. Request a free sample report


Forged pistons are preferred over cast pistons due to their low silicon content. They can be easily customized and are durable, which is crucial in engine tuning. Forged pistons also exhibit high strength, and are less brittle. With many such advantages, they are widely used in high-performance applications such as motorsports. The growing demand for forged pistons is encouraging several vendors to develop new products with tight clearances and longer skirt life. As a result of these factors, the growth of the global automotive piston market is expected to accelerate during the forecast period.

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As per Technavio, the development of autonomous vehicles will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2020-2024.

Global Automotive Piston Market: Development of Autonomous Vehicles

Many automobile OEMs are entering into strategic alliances with technology providers to integrate AI in their vehicles and strengthen their position in the global autonomous vehicle market. This is leading to the development of self-driving technologies such as driver-assistance systems that enable automated driving even on highways. These vehicles run on diesel or gasoline engines that require automotive pistons for efficient functioning. The increase in the development of autonomous cars will have a positive impact on the growth of the global automotive piston market.

“The emergence of cylinder deactivation/variable displacement engines will further boost market growth during the forecast period,” says a senior analyst at Technavio.

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Global Automotive Piston Market: Segmentation Analysis

This market report segments the global automotive piston market by geography (APAC, Europe, MEA, North America, and South America) and application (passenger vehicles and commercial vehicles).

The APAC region led the market in 2019, followed by Europe, North America, South America, and MEA respectively. During the forecast period, the APAC region is expected to maintain its dominance over the market. This is due to factors such as rapid economic growth and rising per capita income which have increased the sales of automobiles in the region.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Customer Landscape

Geographical Segmentation

  • Geographic comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Landscape disruption
  • Competitive scenario

Vendor Analysis

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Media & Marketing Executive

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Website: https://www.technavio.com/

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Business Wire is a US company that disseminates full-text press releases from thousands of companies and organizations worldwide to news media, financial markets, disclosure systems, investors, information web sites, databases, bloggers, social networks and other audiences.

About Business Wire

Business Wire is a US company that disseminates full-text press releases from thousands of companies and organizations worldwide to news media, financial markets, disclosure systems, investors, information web sites, databases, bloggers, social networks and other audiences.

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