North America 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)

Code: TIPRE00025259 | Pages: 126 | Industry: Automotive and Transportation | Date: Oct 2021
Covid

Market Introduction

North America constitutes countries such as the US, Canada, and Mexico. The region’s technological advancements have led to a highly competitive market. The companies operating in the North America automotive piston market are enhancing the overall business processes. North America has leveraged developed automotive industry. Therefore, it is one of the most significant passenger and commercial vehicle production nations across the world. According to OICA in 2018, 2019, and 2020, the production of passenger and commercial vehicles were 17,436,070, 16,783,398, and 13,375,622 units, respectively. The region has a presence of various automotive manufacturers, such as Ford Motor Company, Tesla, BMW, Porsche, Daimler, Toyota, Honda, Nissan, Renault, RAM, VW, Hyundai, Fiat Chrysler Automobiles, and General Motors Company. Also, the governments of the countries in North America are taking initiatives for the development of the automotive sector. For instance, the Department of Energy (DoE) administered the Advanced Technology Vehicle Manufacturing Loan Program worth US$ 25 billion. Such factors are driving the North American automotive piston market. The North American automotive industry outlook examines the region's expanding demand for passenger cars, commercial vehicles, and two-wheelers, as well as OEM investments in the region. North America is likely to witness a rapid increase in commercial vehicles in the coming years. The industry is growing due to government regulations requiring automobiles to be fuel-efficient and light in weight. The EPA and NHTSA have proposed that the Safer Affordable Fuel-Efficient (SAFE) cars regulation be adopted from 2021 to 2026 in the US. The rule could set corporate average fuel economy and greenhouse gas emissions limits for passenger and light commercial vehicles. Furthermore, the growing emphasis on reducing hazardous gas emissions, the increasing level of road congestion coupled with the high fuel proficiency of these vehicles, and its cost-effective feature are key aspects propelling demand for two-wheeler vehicles in North American. A few notable players operating in the North America two-wheeler market are Harley-Davidson, Inc.; Honda Motor Co., Ltd.; Kawasaki Heavy Industries, Ltd.; Polaris Industries, Inc.; Yamaha Motor Co., Ltd.; Suzuki Motor Corporation; KTM AG; and BMW AG. Further, the US and Canada are the well-developed economies analyzed in the study of North America automotive piston market. The automotive industry in the US is dominated by commercial vehicles such as vans, pick-up trucks, and buses. Also, the country presents the largest market for luxury vehicles. Thus, the growing automobile market drives the demand for various types of automotive pistons, which, in turn, propels the market growth in the country. Immense ICE vehicle production is the major factor driving the growth of the North America automotive piston market.

The United States has witnessed the most severe impact of COVID-19 in 2020. The automotive manufacturers as well as automotive component manufacturers in the region are affected due to nationwide lockdowns and travel restrictions, shut down of production facilities, and shortage of employees. The massive outbreak of the virus has created both a health crisis and an economic crisis in the United States. It has led to major disruptions in the automotive industry, impacting everything from supply chain and manufacturing to product sales. The pandemic has directly and indirectly impacted the industry’s short term and long term strategies. The automotive original equipment manufacturers as well as the players within the automotive piston industry are the ones among the hardest hit due to the pandemic. Automakers are rethinking their financial priorities due to the serious economic impact; vehicle production and technological up gradations witnessing a decline and are therefore choosing the divert funds and resources towards other alternatives. The region is expecting market recovery from the economic disruption. Growing consumer demand and government stimulus is anticipated to boost manufacturing and sales.


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Market Overview and Dynamics

The automotive piston market in North America is expected to grow from US$ 637.38 million in 2021 to US$ 854.50 million by 2028; it is estimated to grow at a CAGR of 4.3% from 2021 to 2028. High wear and tear of engine components due to the rise in the overall operating life of vehicles is bolstering the sales of automotive pistons. Technological advancements and automation are allowing manufacturing companies to achieve greater productivity and profitability. The market players are engaged in making transportation more efficient, environmentally friendly, and more comfortable by continuously optimizing the combustion engine as well as by exploring the use of alternative fuels. OEMs are focusing on delivering greater vehicle efficiency and productivity. Mahle and Federal-Mogul, among others, are shifting from cast aluminum to lightweight and high-strength forged steel pistons that are more resilient to higher pressure and temperature values. Moreover, steel pistons are compatible with shorter and lighter engine block, and they consume less fuel than aluminum pistons. Modern aluminum pistons have an iron or steel insert to support the top ring. Therefore, companies have started large-scale production of steel pistons for mid-range power density diesel engines, which is anticipated to bring about new opportunities in the automotive piston market, especially in the leading-edge turbo-diesel applications.

Key Market Segments

The North America 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 North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Arias Pistons; Hitachi Astemo Americas, Inc.; MAHLE GmbH; QUFU JINHUANG PISTON CO., LTD; Rheinmetall Automotive AG; RIKEN CORPORATION; Shandong Binzhou Bohai Piston Co., Ltd; and Tenneco Inc. are among others.

Reasons to buy report

  • To understand the North America automotive piston market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for North America automotive piston market
  • Efficiently plan M&A and partnership deals in North America automotive piston market by identifying market segments with the most promising probable sales  
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America automotive piston market
  • Obtain market revenue forecast for market by various segments from 2021-2028 in North America region.

North America Automotive Piston Market Segmentation

North America Automotive Piston Market -By Material Type

  • Steel
  • Aluminium

North America Automotive Piston Market -By Coating type

  • Thermal Barrier Piston Coating
  • Dry Film Piston Coating
  • Oil Shedding Piston Coating

North America Automotive Piston Market -By Vehicle Type

  • Two Wheeler
  • Passenger Vehicle
  • Commercial Vehicle

North America Automotive Piston Market -By Piston Type

  • Flat-top Piston
  • Dish Piston
  • Dome Piston

North America Automotive Piston Market -By Country

  • US
  • Canada
  • Mexico

North America Automotive Piston Market -Company Profiles

  • Arias Pistons
  • Hitachi Astemo Americas, Inc.
  • MAHLE GmbH
  • QUFU JINHUANG PISTON CO., LTD
  • Rheinmetall Automotive AG
  • RIKEN CORPORATION
  • 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.           North America Automotive Piston Market Landscape

4.1         Market Overview

4.2         North America PEST Analysis

4.3         Ecosystem Analysis

5.           North America Automotive Piston Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Immense 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        Continuous 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 – North America Market Analysis

6.1         North America Automotive Piston Market Overview

6.2         North America Automotive Piston Market Revenue Forecast and Analysis

7.           North America 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         Aluminum

7.4.1        Overview

7.4.2        Aluminum: Automotive Piston Market Revenue and Forecast to 2028 (US$ Million)

8.           North America 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.           North America 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.        North America 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.        North America Automotive Piston Market – Country Analysis

11.1      Overview

11.1.1     North America: Automotive Piston Market, by Key Country

11.1.1.1       US: Automotive Piston Market – Revenue and Forecast to 2028 (US$ Million)

11.1.1.1.1       US: Automotive Piston Market, by Material Type

11.1.1.1.2       US: Automotive Piston Market, by Coating Type

11.1.1.1.3       US: Automotive Piston Market, by Vehicle Type

11.1.1.1.4       US: Automotive Piston Market, by Piston Type

11.1.1.2       Canada: Automotive Piston Market – Revenue and Forecast to 2028 (US$ Million)

11.1.1.2.1       Canada: Automotive Piston Market, by Material Type

11.1.1.2.2       Canada: Automotive Piston Market, by Coating Type

11.1.1.2.3       Canada: Automotive Piston Market, by Vehicle Type

11.1.1.2.4       Canada: Automotive Piston Market, by Piston Type

11.1.1.3       Mexico: Automotive Piston Market – Revenue and Forecast to 2028 (US$ Million)

11.1.1.3.1       Mexico: Automotive Piston Market, by Material Type

11.1.1.3.2       Mexico: Automotive Piston Market, by Coating Type

11.1.1.3.3       Mexico: Automotive Piston Market, by Vehicle Type

11.1.1.3.4       Mexico: Automotive Piston Market, by Piston Type

12.        North America 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      Arias Pistons

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      RIKEN CORPORATION

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      QUFU JINHUANG PISTON CO., LTD

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      MAHLE GmbH

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      Tenneco Inc.

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

14.6      Rheinmetall Automotive AG

14.6.1     Key Facts

14.6.2     Business Description

14.6.3     Products and Services

14.6.4     Financial Overview

14.6.5     SWOT Analysis

14.6.6     Key Developments

14.7      Shandong Binzhou Bohai Piston Co., Ltd

14.7.1     Key Facts

14.7.2     Business Description

14.7.3     Products and Services

14.7.4     Financial Overview

14.7.5     SWOT Analysis

14.7.6     Key Developments

14.8      Hitachi Astemo Americas, Inc.

14.8.1     Key Facts

14.8.2     Business Description

14.8.3     Products and Services

14.8.4     Financial Overview

14.8.5     SWOT Analysis

14.8.6     Key Developments

15.        Appendix

15.1      About The Insight Partners

15.2      Word Index

LIST OF TABLES

Table 1.             North America Automotive Piston Market Revenue and Forecast to 2028 (US$ Million)

Table 2.             North America: Automotive Piston Market, by Country – Revenue and Forecast to 2028 (US$ Million)

Table 3.             US: Automotive Piston Market, by Material Type – Revenue and Forecast to 2028 (US$ Million)

Table 4.             US: Automotive Piston Market, by Coating Type – Revenue and Forecast to 2028 (US$ Million)

Table 5.             US: Automotive Piston Market, by Vehicle Type – Revenue and Forecast to 2028 (US$ Million)

Table 6.             US: Automotive Piston Market, by Piston Type – Revenue and Forecast to 2028 (US$ Million)

Table 7.             Canada: Automotive Piston Market, by Material Type – Revenue and Forecast to 2028 (US$ Million)

Table 8.             Canada: Automotive Piston Market, by Coating Type – Revenue and Forecast to 2028 (US$ Million)

Table 9.             Canada: Automotive Piston Market, by Vehicle Type – Revenue and Forecast to 2028 (US$ Million)

Table 10.          Canada: Automotive Piston Market, by Piston Type – Revenue and Forecast to 2028 (US$ Million)

Table 11.          Mexico: Automotive Piston Market, by Material Type – Revenue and Forecast to 2028 (US$ Million)

Table 12.          Mexico: Automotive Piston Market, by Coating Type – Revenue and Forecast to 2028 (US$ Million)

Table 13.          Mexico: Automotive Piston Market, by Vehicle Type – Revenue and Forecast to 2028 (US$ Million)

Table 14.          Mexico: Automotive Piston Market, by Piston Type – Revenue and Forecast to 2028 (US$ Million)

Table 15.          List of Abbreviation

LIST OF FIGURES

Figure 1.           North America Automotive Piston Market Segmentation

Figure 2.           North America Automotive Piston Market Segmentation – By Country

Figure 3.           North America Automotive Piston Market Overview

Figure 4.           North America Automotive Piston Market, by Material Type

Figure 5.           North America Automotive Piston Market, By Coating Type

Figure 6.           North America Automotive Piston Market, By Country

Figure 7.           North America – PEST Analysis

Figure 8.           Automotive Piston Market: Ecosystem Analysis

Figure 9.           North America Automotive Piston Market Impact Analysis of Drivers and Restraints

Figure 10.        North America Automotive Piston Market Revenue Forecast and Analysis (US$ Million)

Figure 11.        North America Automotive Piston Market, by Material Type (2020 & 2028)

Figure 12.        North America Steel: Automotive Piston Market Revenue and Forecast to 2028 (US$ Million)

Figure 13.        North America Aluminum: Automotive Piston Market Revenue and Forecast to 2028 (US$ Million)

Figure 14.        North America Automotive Piston Market, by Coating Type (2020 & 2028)

Figure 15.        North America Thermal Barrier Piston Coating: Automotive Piston Market Revenue and Forecast to 2028 (US$ Million)

Figure 16.        North America Dry Film Piston Coating: Automotive Piston Market Revenue and Forecast to 2028 (US$ Million)

Figure 17.        North America Oil Shedding Piston Coating: Automotive Piston Market Revenue and Forecast to 2028 (US$ Million)

Figure 18.        North America Automotive Piston Market, by Vehicle Type (2020 & 2028)

Figure 19.        North America Two Wheeler: Automotive Piston Market Revenue and Forecast to 2028 (US$ Million)

Figure 20.        North America Passenger Vehicles: Automotive Piston Market Revenue and Forecast to 2028 (US$ Million)

Figure 21.        North America Commercial Vehicle: Automotive Piston Market Revenue and Forecast to 2028 (US$ Million)

Figure 22.        North America Automotive Piston Market, by Piston Type (2020 & 2028)

Figure 23.        North America Flat-top piston: Automotive Piston Market Revenue and Forecast to 2028 (US$ Million)

Figure 24.        North America Dish Piston: Automotive Piston Market Revenue and Forecast to 2028 (US$ Million)

Figure 25.        North America Dome Piston: Automotive Piston Market Revenue and Forecast to 2028 (US$ Million)

Figure 26.        North America: Automotive Piston Market, by Key Country-Revenue 2020 (US$ Million)

Figure 27.        North America: Automotive Piston Market Revenue Share, by Key Country (2020 & 2028)

Figure 28.        US: Automotive Piston Market – Revenue and Forecast to 2028 (US$ Million)

Figure 29.        Canada: Automotive Piston Market – Revenue and Forecast to 2028 (US$ Million)

Figure 30.        Mexico: Automotive Piston Market – Revenue and Forecast to 2028 (US$ Million)

Figure 31.        Impact of COVID-19 Pandemic in North America Country Markets

  1. Arias Pistons
  2. Hitachi Astemo Americas, Inc.
  3. MAHLE GmbH
  4. QUFU JINHUANG PISTON CO., LTD
  5. Rheinmetall Automotive AG
  6. RIKEN CORPORATION
  7. Shandong Binzhou Bohai Piston Co., Ltd
  8. Tenneco Inc.
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America Automotive Piston market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the North America Automotive Piston market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth North America market trends and outlook coupled with the factors driving the Automotive Piston market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

 

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