Middle East and Africa Automotive Piston Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Material Type (Steel and Aluminum), Coating Type (Thermal Barrier Piston Coating, Dry Film Piston Coating, and Oil Shedding Piston Coating), Vehicle Type (Two Wheelers, Passenger Vehicles, and Commercial Vehicles), and Piston Type (Flat-top Piston, Dish Piston, and Dome Piston)
Market Introduction
The automotive piston market in MEA is bifurcated into South Africa and the Rest of MEA. The automotive sector in the region is growing at a steady pace. The rising demand for commercial vehicles in the MEA can be attributed to increasing development and infrastructure operations in many countries. Furthermore, growth in e-commerce is expected to propel the demand for commercial vehicles, such as trucks, across the region. Moreover, MEA has a presence of a few automotive manufacturers such as MAN Truck and Bus Middle East FZE, Volvo Group Middle East FZE, Hino Motors Ltd., Ashok Leyland, Mercedes-Benz KSA Commercial Vehicles, and Tata Motors Limited. Evolution of robust ICE vehicle engines is the major factor driving the growth of the MEA automotive piston market.
The automotive piston market in Middle East and Africa has witnessed a decline due to disruption in the supply chain, various containment measure initiated by the government, such as travel restrictions, factory shutdown, and lockdowns, the supply, and distribution of electronics and mechanical automotive component. Impact on raw material supply and revenue stream has severely reduced the demand for automotive vehicle and therefore, demand for automotive piston has also declined. South Africa accounts for a major share in MEA’s automotive sector. Closure of production factories have had an enormous impact on South Africa automotive sector as the country heavily relies on imports. The MEA region is focusing on local production as a measure to meet local market demands and avoid uncertainties. In the view of the pandemic, several automotive piston market players in the MENA region are introducing innovative green and environment friendly technologies to recover sales.
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Market Overview and Dynamics
The automotive piston market in MEA is expected to grow from US$ 51.24 million in 2021 to US$ 60.19 million by 2028; it is estimated to grow at a CAGR of 2.3% from 2021 to 2028. The invention and use of carbon-carbon composite materials in piston manufacturing, has led to reduction piston weight of engine components allowing the piston to run at higher speeds. This has encouraged manufacturers in the automotive piston market to opt for carbon-carbon composite materials over conventional materials, such as aluminum, to achieve improved engine performance. Silicon composites and magnesium are also expected to unfold various opportunities for new products in recent years. The use of lightweight pistons leads to a reduction in engine weight. It benefits ICE vehicles through greater fuel efficiency and pollution reduction. Government initiatives to promote the use of clean energy are enabling automotive engine manufacturers to adopt lightweight hybrid composite materials that provide improved properties over the commercially available aluminum-based components. The automotive pistons manufactured using lightweight hybrid composite materials are ~25% lighter in weight than those made from conventional materials; moreover, the former enables cost-saving of over 62%. Thus, the performance and cost benefits of lightweight pistons are encouraging the automotive sector participants to invest in innovative designs, thus bolstering automotive piston market growth.
Key Market Segments
The MEA automotive piston market is segmented on the bases of material type, coating type, vehicle type, and piston type, and country. Based on material type, the market is segmented into steel and aluminum. The aluminum segment dominated the market in 2020 and steel segment is expected to be the fastest growing during the forecast period. On the basis of coating type, the automotive piston market is segmented into thermal barrier piston coating, dry film lubricant piston coating, and oil shedding piston coating. The thermal barrier piston coating segment dominated the market in 2020 and dry film piston coating segment is expected to be the fastest growing during the forecast period. On the basis of vehicle type, the automotive piston market, by vehicle type, is segmented into two wheelers, passenger vehicles, and commercial vehicles. The commercial vehicles segment dominated the market in is expected to be the fastest growing during the forecast period. On the basis of piston type, the automotive piston market is segmented into flat-top piston, dome piston, and dish piston. The flat-top piston segment dominated the market in 2020 and dome piston segment is expected to be the fastest growing during the forecast period.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the automotive market in MEA are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are MAHLE GmbH; QUFU JINHUANG PISTON CO., LTD; Rheinmetall Automotive AG; Shandong Binzhou Bohai Piston Co., Ltd; and Tenneco Inc. are among others.
Reasons to buy report
- To understand the MEA automotive piston market landscape and identify market segments that are most likely to guarantee a strong return
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- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form MEA automotive piston market
- Obtain market revenue forecast for market by various segments from 2021-2028 in MEA region.
MEA Automotive Piston Market Segmentation
MEA Automotive Piston Market -By Material Type
- Steel
- Aluminium
MEA Automotive Piston Market -By Coating type
- Thermal Barrier Piston Coating
- Dry Film Piston Coating
- Oil Shedding Piston Coating
MEA Automotive Piston Market -By Vehicle Type
- Two Wheeler
- Passenger Vehicle
- Commercial Vehicle
MEA Automotive Piston Market -By Piston Type
- Flat-top Piston
- Dish Piston
- Dome Piston
MEA Automotive Piston Market -By Country
- South Africa
- Rest of MEA
MEA Automotive Piston Market -Company Profiles
- MAHLE GmbH
- QUFU JINHUANG PISTON CO., LTD
- Rheinmetall Automotive AG
- Shandong Binzhou Bohai Piston Co., Ltd
- Tenneco Inc.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. MEA Automotive Piston Market Landscape
4.1 Market Overview
4.2 MEA PEST Analysis
4.3 Ecosystem Analysis
5. Automotive Piston Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Tremendous Production of ICE Vehicles
5.1.2 Requirement of Lightweight Piston to Improve Performance
5.2 Market Restraints
5.2.1 Accentuation in EV Manufacturing
5.3 Market Opportunities
5.3.1 Constant Technological Advancements
5.4 Future Trends
5.4.1 Evolution of Robust ICE Vehicle Engines
5.5 Impact Analysis of Drivers and Restraints
6. Automotive Piston – MEA Market Analysis
6.1 MEA Automotive Piston Market Overview
6.2 MEA Automotive Piston Market Revenue Forecast and Analysis
7. MEA Automotive Piston Market Revenue and Forecast to 2028 By Material Type
7.1 Overview
7.2 Automotive Piston Market, by Material Type (2020 & 2028)
7.3 Steel
7.3.1 Overview
7.3.2 Steel: Automotive Piston Market Revenue and Forecast to 2028 (US$ Million)
7.4 Aluminium
7.4.1 Overview
7.4.2 Aluminium: Automotive Piston Market Revenue and Forecast to 2028 (US$ Million)
8. MEA Automotive Piston Market Analysis and Forecast to 2028 By Coating Type
8.1 Overview
8.2 Automotive Piston Market, by Coating Type (2020 & 2028)
8.3 Thermal Barrier Piston Coating
8.3.1 Overview
8.3.2 Thermal Barrier Piston Coating: Automotive Piston Market Revenue and Forecast to 2028 (US$ Million)
8.4 Dry Film Piston Coating
8.4.1 Overview
8.4.2 Dry Film Piston Coating: Automotive Piston Market Revenue and Forecast to 2028 (US$ Million)
8.5 Oil Shedding Piston Coating
8.5.1 Overview
8.5.2 Oil Shedding Piston Coating: Automotive Piston Market Revenue and Forecast to 2028 (US$ Million)
9. MEA Automotive Piston Market Analysis and Forecast to 2028 By Vehicle Type
9.1 Overview
9.2 Automotive Piston Market, by Vehicle Type (2020 & 2028)
9.3 Two Wheeler
9.3.1 Overview
9.3.2 Two Wheeler: Automotive Piston Market Revenue and Forecast to 2028 (US$ Million)
9.4 Passenger Vehicles
9.4.1 Overview
9.4.2 Passenger Vehicles: Automotive Piston Market Revenue and Forecast to 2028 (US$ Million)
9.5 Commercial Vehicle
9.5.1 Overview
9.5.2 Commercial Vehicle: Automotive Piston Market Revenue and Forecast to 2028 (US$ Million)
10. MEA Automotive Piston Market Analysis and Forecast to 2028 By Piston Type
10.1 Overview
10.2 Automotive Piston Market, by Piston Type (2020 & 2028)
10.3 Flat-top Piston
10.3.1 Overview
10.3.2 Flat-top Piston: Automotive Piston Market Revenue and Forecast to 2028 (US$ Million)
10.4 Dish Piston
10.4.1 Overview
10.4.2 Dish Piston: Automotive Piston Market Revenue and Forecast to 2028 (US$ Million)
10.5 Dome Piston
10.5.1 Overview
10.5.2 Dome Piston: Automotive Piston Market Revenue and Forecast to 2028 (US$ Million)
11. MEA Automotive Piston Market – Country Analysis
11.1 Overview
11.1.1 MEA: Automotive Piston Market, by Key Country
11.1.1.1 South Africa: Automotive Piston Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.1.1 South Africa: Automotive Piston Market, by Material Type
11.1.1.1.2 South Africa: Automotive Piston Market, by Coating Type
11.1.1.1.3 South Africa: Automotive Piston Market, by Vehicle Type
11.1.1.1.4 South Africa: Automotive Piston Market, by Piston Type
11.1.1.2 Rest of MEA: Automotive Piston Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.2.1 Rest of MEA: Automotive Piston Market, by Material Type
11.1.1.2.2 Rest of MEA: Automotive Piston Market, by Coating Type
11.1.1.2.3 Rest of MEA: Automotive Piston Market, by Vehicle Type
11.1.1.2.4 Rest of MEA: Automotive Piston Market, by Piston Type
12. MEA Automotive Piston Market - COVID-19 Impact Analysis
12.1 Overview
13. Industry Landscape
13.1 Overview
13.2 Market Initiative
14. Company Profiles
14.1 QUFU JINHUANG PISTON CO., LTD
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 MAHLE GmbH
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Tenneco Inc.
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Rheinmetall Automotive AG
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Shandong Binzhou Bohai Piston Co., Ltd
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
15. Appendix
15.1 About The Insight Partners
15.2 Word Index
LIST OF TABLES
Table 1. MEA Automotive Piston Market Revenue and Forecast to 2028 (US$ Million)
Table 2. MEA: Automotive Piston Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 3. South Africa: Automotive Piston Market, by Material Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. South Africa: Automotive Piston Market, by Coating Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. South Africa: Automotive Piston Market, by Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. South Africa: Automotive Piston Market, by Piston Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. Rest of MEA: Automotive Piston Market, by Material Type – Revenue and Forecast to 2028 (US$ Million)
Table 8. Rest of MEA: Automotive Piston Market, by Coating Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. Rest of MEA: Automotive Piston Market, by Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 10. Rest of MEA: Automotive Piston Market, by Piston Type – Revenue and Forecast to 2028 (US$ Million)
Table 11. List of Abbreviation
LIST OF FIGURES
Figure 1. MEA Automotive Piston Market Segmentation
Figure 2. MEA Automotive Piston Market Segmentation – By Country
Figure 3. MEA Automotive Piston Market Overview
Figure 4. MEA Automotive Piston Market, by Material Type
Figure 5. MEA Automotive Piston Market, By Coating Type
Figure 6. MEA Automotive Piston Market, By Country
Figure 7. Middle East and Africa – PEST Analysis
Figure 8. Automotive Piston Market: Ecosystem Analysis
Figure 9. MEA Automotive Piston Market Impact Analysis of Drivers and Restraints
Figure 10. MEA Automotive Piston Market Revenue Forecast and Analysis (US$ Million)
Figure 11. MEA Automotive Piston Market, by Material Type (2020 & 2028)
Figure 12. MEA Steel: Automotive Piston Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. MEA Aluminum: Automotive Piston Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. MEA Automotive Piston Market, by Coating Type (2020 & 2028)
Figure 15. MEA Thermal Barrier Piston Coating: Automotive Piston Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. MEA Dry Film Piston Coating: Automotive Piston Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. MEA Oil Shedding Piston Coating: Automotive Piston Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. MEA Automotive Piston Market, by Vehicle Type (2020 & 2028)
Figure 19. MEA Two Wheeler: Automotive Piston Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. MEA Passenger Vehicles: Automotive Piston Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. MEA Commercial Vehicle: Automotive Piston Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. MEA Automotive Piston Market, by Piston Type (2020 & 2028)
Figure 23. MEA Flat-top piston: Automotive Piston Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. MEA Dish Piston: Automotive Piston Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. MEA Dome Piston: Automotive Piston Market Revenue and Forecast to 2028 (US$ Million)
Figure 26. MEA: Automotive Piston Market Revenue Share, by Key Country-Revenue 2020 (US$ Million)
Figure 27. MEA: Automotive Piston Market Revenue Share, by Key Country (2020 & 2028)
Figure 28. South Africa: Automotive Piston Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Rest of MEA: Automotive Piston Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets
- MAHLE GmbH
- QUFU JINHUANG PISTON CO., LTD
- Rheinmetall Automotive AG
- Shandong Binzhou Bohai Piston Co., Ltd
- Tenneco Inc.
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