The aluminum piston market size has grown steadily in recent years. It will grow from $3.76 billion in 2023 to $3.9 billion in 2024 at a compound annual growth rate (CAGR) of 3.5%. The increase during the historical period was driven by the growth in vehicle manufacturing, higher demand for aftermarket parts, increased interest in lightweight materials, the rise in hybrid vehicles utilizing aluminum pistons, and expansion within the automotive industry.
The aluminum piston market size is expected to see steady growth in the next few years. It will grow to $4.51 billion in 2028 at a compound annual growth rate (CAGR) of 3.7%. Anticipated growth in the forecast period is fueled by rising disposable incomes, increasing vehicle production demand, heightened interest in gasoline engines for passenger cars, growing adoption of electric vehicles, and increased investments in sustainable manufacturing practices. Key trends expected in this period include technological advancements, the shift towards electric vehicles, the development of high-performance engines, advancements in emission-reduction technologies, and the use of lightweight alloys.
The anticipated increase in automobile production is set to drive growth in the aluminum piston market in the future. Automobile production encompasses the industrial process of manufacturing vehicles such as cars, trucks, motorcycles, and other motorized vehicles. This process involves assembling, fabricating, and integrating various components and systems in dedicated manufacturing facilities. The rise in automobile production is driven by advancements in manufacturing processes and materials, increasing demand for electric vehicles, automation and robotics improvements, and the globalization of supply chains. Aluminum pistons are widely utilized in the automotive sector due to their lightweight nature, excellent thermal conductivity, and resistance to corrosion. They play a critical role in enhancing the performance, efficiency, and durability of automotive engines, making them indispensable in modern vehicle design and manufacturing. For instance, in 2023, global motor vehicle production increased from 84.83 million in 2022 to 93.55 million, according to the International Organization of Automobile Manufacturers, a France-based trade association. Hence, the expanding automobile production is fueling growth in the aluminum piston market.
Leading companies in the aluminum piston market are focusing on innovating their product offerings, such as developing high-strength billet aluminum pistons, to enhance performance and durability in transmissions. A high-strength billet aluminum piston typically refers to a piston made from a solid block of aluminum alloy engineered for superior durability and performance, particularly in high-stress applications such as racing engines. For example, in December 2023, Sonnax Industries Inc., a US-based manufacturing company, introduced die-cast ZF 6HP26 and Ford 6R60/75/80 pistons, which are high-strength billet aluminum pistons. These pistons incorporate advanced materials and precision manufacturing techniques to optimize reliability and functionality under various operating conditions. They seamlessly integrate with existing transmission components, offering a direct replacement solution that improves overall transmission efficiency and longevity.
In November 2022, Taglich Private Equity LLC, a US-based investment company, completed the acquisition of RaceTec Pistons LLC for an undisclosed sum. This acquisition is part of Taglich Private Equity's strategy to enhance its portfolio within the high-performance automotive aftermarket parts sector and drive growth in the industry. RaceTec Pistons LLC, headquartered in the US, specializes in manufacturing high-performance pistons, including aluminum variants, catering to enthusiasts and professionals in the automotive sector.
Major companies operating in the aluminium piston market are Aisin Seiki Co. Ltd., Rheinmetall AG, Bharat Forge Limited, Cosworth Group Holdings, Federal-Mogul LLC, Pankl Racing Systems AG, Wiseco Piston Company Inc., CP-Carrillo Inc., Mahle GmbH, Mallory Industries Inc., India Pistons Limited, Supertech Performance Inc., Ross Racing Pistons, Paramount Pistons Ltd., Titan Motorsports, Precision Pistons Ltd., Diamond Pistons, Day Piston Co., RaceTec Pistons Inc., Samkrg Pistons and Rings Ltd., Speed Pro Pistons, Vertex Pistons S.r.l, Wossner Kolben GmbH.
North America was the largest region in the aluminum piston market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aluminium piston market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the aluminium piston market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
An aluminum piston is a type of piston utilized in internal combustion engines, typically crafted from aluminum alloy materials. Its primary role is to transfer the force generated by fuel and air combustion within the cylinder to the crankshaft, thereby converting linear motion into rotational motion. Aluminum pistons are widely favored in automotive engines due to their capacity to endure high temperatures and pressures, as well as their resistance to corrosion.
The primary aluminum alloy types used for pistons are aluminum 2618 and aluminum 4032. Aluminum 2618 is recognized for its high strength and superior performance in elevated temperatures and challenging environments. It finds extensive use in aerospace applications, particularly in aircraft engines and structural components where reliability under stress and high temperatures is critical.
The aluminum piston market research report is one of a series of new reports that provides aluminum piston market statistics, including aluminum piston industry global market size, regional shares, competitors with an aluminum piston market share, detailed aluminum piston market segments, market trends, and opportunities, and any further data you may need to thrive in the aluminum piston industry. This aluminum piston research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The aluminum piston market consists of sales cylinder liners, engine blocks, valves and valve springs, gaskets, engine bearings, oil control rings, and timing components. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The aluminum piston market size is expected to see steady growth in the next few years. It will grow to $4.51 billion in 2028 at a compound annual growth rate (CAGR) of 3.7%. Anticipated growth in the forecast period is fueled by rising disposable incomes, increasing vehicle production demand, heightened interest in gasoline engines for passenger cars, growing adoption of electric vehicles, and increased investments in sustainable manufacturing practices. Key trends expected in this period include technological advancements, the shift towards electric vehicles, the development of high-performance engines, advancements in emission-reduction technologies, and the use of lightweight alloys.
The anticipated increase in automobile production is set to drive growth in the aluminum piston market in the future. Automobile production encompasses the industrial process of manufacturing vehicles such as cars, trucks, motorcycles, and other motorized vehicles. This process involves assembling, fabricating, and integrating various components and systems in dedicated manufacturing facilities. The rise in automobile production is driven by advancements in manufacturing processes and materials, increasing demand for electric vehicles, automation and robotics improvements, and the globalization of supply chains. Aluminum pistons are widely utilized in the automotive sector due to their lightweight nature, excellent thermal conductivity, and resistance to corrosion. They play a critical role in enhancing the performance, efficiency, and durability of automotive engines, making them indispensable in modern vehicle design and manufacturing. For instance, in 2023, global motor vehicle production increased from 84.83 million in 2022 to 93.55 million, according to the International Organization of Automobile Manufacturers, a France-based trade association. Hence, the expanding automobile production is fueling growth in the aluminum piston market.
Leading companies in the aluminum piston market are focusing on innovating their product offerings, such as developing high-strength billet aluminum pistons, to enhance performance and durability in transmissions. A high-strength billet aluminum piston typically refers to a piston made from a solid block of aluminum alloy engineered for superior durability and performance, particularly in high-stress applications such as racing engines. For example, in December 2023, Sonnax Industries Inc., a US-based manufacturing company, introduced die-cast ZF 6HP26 and Ford 6R60/75/80 pistons, which are high-strength billet aluminum pistons. These pistons incorporate advanced materials and precision manufacturing techniques to optimize reliability and functionality under various operating conditions. They seamlessly integrate with existing transmission components, offering a direct replacement solution that improves overall transmission efficiency and longevity.
In November 2022, Taglich Private Equity LLC, a US-based investment company, completed the acquisition of RaceTec Pistons LLC for an undisclosed sum. This acquisition is part of Taglich Private Equity's strategy to enhance its portfolio within the high-performance automotive aftermarket parts sector and drive growth in the industry. RaceTec Pistons LLC, headquartered in the US, specializes in manufacturing high-performance pistons, including aluminum variants, catering to enthusiasts and professionals in the automotive sector.
Major companies operating in the aluminium piston market are Aisin Seiki Co. Ltd., Rheinmetall AG, Bharat Forge Limited, Cosworth Group Holdings, Federal-Mogul LLC, Pankl Racing Systems AG, Wiseco Piston Company Inc., CP-Carrillo Inc., Mahle GmbH, Mallory Industries Inc., India Pistons Limited, Supertech Performance Inc., Ross Racing Pistons, Paramount Pistons Ltd., Titan Motorsports, Precision Pistons Ltd., Diamond Pistons, Day Piston Co., RaceTec Pistons Inc., Samkrg Pistons and Rings Ltd., Speed Pro Pistons, Vertex Pistons S.r.l, Wossner Kolben GmbH.
North America was the largest region in the aluminum piston market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aluminium piston market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the aluminium piston market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
An aluminum piston is a type of piston utilized in internal combustion engines, typically crafted from aluminum alloy materials. Its primary role is to transfer the force generated by fuel and air combustion within the cylinder to the crankshaft, thereby converting linear motion into rotational motion. Aluminum pistons are widely favored in automotive engines due to their capacity to endure high temperatures and pressures, as well as their resistance to corrosion.
The primary aluminum alloy types used for pistons are aluminum 2618 and aluminum 4032. Aluminum 2618 is recognized for its high strength and superior performance in elevated temperatures and challenging environments. It finds extensive use in aerospace applications, particularly in aircraft engines and structural components where reliability under stress and high temperatures is critical.
The aluminum piston market research report is one of a series of new reports that provides aluminum piston market statistics, including aluminum piston industry global market size, regional shares, competitors with an aluminum piston market share, detailed aluminum piston market segments, market trends, and opportunities, and any further data you may need to thrive in the aluminum piston industry. This aluminum piston research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The aluminum piston market consists of sales cylinder liners, engine blocks, valves and valve springs, gaskets, engine bearings, oil control rings, and timing components. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Aluminum Piston Market Characteristics3. Aluminum Piston Market Trends and Strategies32. Global Aluminum Piston Market Competitive Benchmarking33. Global Aluminum Piston Market Competitive Dashboard34. Key Mergers and Acquisitions in the Aluminum Piston Market
4. Aluminum Piston Market - Macro Economic Scenario
5. Global Aluminum Piston Market Size and Growth
6. Aluminum Piston Market Segmentation
7. Aluminum Piston Market Regional and Country Analysis
8. Asia-Pacific Aluminum Piston Market
9. China Aluminum Piston Market
10. India Aluminum Piston Market
11. Japan Aluminum Piston Market
12. Australia Aluminum Piston Market
13. Indonesia Aluminum Piston Market
14. South Korea Aluminum Piston Market
15. Western Europe Aluminum Piston Market
16. UK Aluminum Piston Market
17. Germany Aluminum Piston Market
18. France Aluminum Piston Market
19. Italy Aluminum Piston Market
20. Spain Aluminum Piston Market
21. Eastern Europe Aluminum Piston Market
22. Russia Aluminum Piston Market
23. North America Aluminum Piston Market
24. USA Aluminum Piston Market
25. Canada Aluminum Piston Market
26. South America Aluminum Piston Market
27. Brazil Aluminum Piston Market
28. Middle East Aluminum Piston Market
29. Africa Aluminum Piston Market
30. Aluminum Piston Market Competitive Landscape and Company Profiles
31. Aluminum Piston Market Other Major and Innovative Companies
35. Aluminum Piston Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Aluminum Piston Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on aluminum piston market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase:
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- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for aluminum piston? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The aluminum piston market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Alloy Type: Aluminum 2618; Aluminum 40322) By Fuel Type: Gasoline; Diesel; Alternate Fuel
3) By Vehicle Type: Passenger Cars; Light Commercial Vehicle; High Commercial Vehicle
4) By Industrial Application: Pumps; Compressors; Cylinders
Key Companies Mentioned: Aisin Seiki Co. Ltd.; Rheinmetall AG; Bharat Forge Limited; Cosworth Group Holdings; Federal-Mogul LLC
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- Aisin Seiki Co. Ltd.
- Rheinmetall AG
- Bharat Forge Limited
- Cosworth Group Holdings
- Federal-Mogul LLC
- Pankl Racing Systems AG
- Wiseco Piston Company Inc.
- CP-Carrillo Inc.
- Mahle GmbH
- Mallory Industries Inc.
- India Pistons Limited
- Supertech Performance Inc.
- Ross Racing Pistons
- Paramount Pistons Ltd.
- Titan Motorsports
- Precision Pistons Ltd.
- Diamond Pistons
- Day Piston Co.
- RaceTec Pistons Inc.
- Samkrg Pistons and Rings Ltd.
- Speed Pro Pistons
- Vertex Pistons S.r.l
- Wossner Kolben GmbH
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | August 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 3.9 Billion |
Forecasted Market Value ( USD | $ 4.51 Billion |
Compound Annual Growth Rate | 3.7% |
Regions Covered | Global |
No. of Companies Mentioned | 23 |