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DUBLIN, Feb. 10, 2022 /PRNewswire/ — The “Automotive Piston Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” report has been added to ResearchAndMarkets.com’s offering.
The global automotive piston market reached a value of US$ 4.06 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 4.91 Billion by 2027, exhibiting a CAGR of 3.1% during 2022-2027.
Keeping in mind the uncertainties of COVID-19, they are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor
A piston is a vital component of both internal and external combustion engine which works by generating mechanical energy and providing necessary force to a vehicle for running on the road. It helps in transferring the force from expanding gas in the cylinder to the crankshaft via a piston rod or connecting rod. It is used for forming a sliding gas and oil tight seal in a cylinder, transmitting the gas load to the small end of the connecting rod, and acting as a bearing for the gudgeon pin. The design of a piston is based on a conciliation between strength, weight, and thermal expansion control
Due to growing population and rising disposable incomes, consumers are now spending more on their personal vehicles. This has increased the overall production of automobiles which, in turn, is strengthening the growth of the automotive piston market. Apart from this, automobile piston production is also influenced by the emerging trend of high-end bikes. These bikes have double cylinders, requiring two pistons each, which is further augmenting the demand for automotive pistons across the globe. Other growth-inducing factors include constant innovations in technology, and growing demand for heavy and light commercial vehicles
Competitive Landscape:
The competitive landscape of the market has also…
Full story available on Benzinga.com
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