The global Automotive Piston market size is expected to reach USD 17411.04 Million by 2030 and exhibit a CAGR of 5.4% in the forecast period (2023−2030), according to Skyquest’s latest research report. The increasing adoption of e-commerce and digital platforms, changing consumer lifestyles and preferences, convenience and time-saving benefits, availability of various products, and improved logistics and delivery infrastructure is fueling the market’s growth.
Westford, USA, July 31, 2023 (GLOBE NEWSWIRE) — According to SkyQuest’s latest global research of the Automotive Piston market, increased adoption of mobile shopping and apps, growth of omnichannel retailing, the rise of subscription-based models and meal kits, focus on personalized shopping experiences, expansion of Automotive Piston delivery services, integration of AI and machine learning in inventory management and recommendation systems, emphasis on sustainable packaging and eco-friendly practices, the emergence of virtual grocery stores and dark stores, growing popularity of click-and-collect services, are the trends that aid in the market’s growth.
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Pages – 211
Tables – 90
Figures – 76
Automotive piston is a cylindrical component that is used in internal combustion engines to convert pressure into force. It is typically made of aluminium or cast iron and is fitted with piston rings that seal the combustion chamber. The piston moves up and down in the cylinder bore, and the force of its movement is transferred to the crankshaft through the connecting rod.
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Prominent Players in Automotive Piston Market
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Aluminum Demand to Grow Substantially in the Forecast Period
Aluminum dominate the global online market as they make an ideal choice for automotive pistons. The use of aluminium pistons reduces the reciprocating mass in the engine, leading to improved fuel efficiency and better overall performance.
Passenger Cars are the Leading Application Segment
In terms of application, the passenger cars are the leading segment as they represent the largest segment in the automotive industry, with a substantial number of vehicles produced and sold globally. The high volume of passenger car sales directly translates to a significant demand for automotive pistons.
Asia Pacific is the leading Market Due to the Largest Automotive Markets
Region-wise, Asia Pacific is one of the largest growing markets due to the largest automotive markets. The region’s dominance can be attributed to the increasing production and sales of vehicles, a growing middle-class population, rising urbanization, and robust economic growth. As the region’s automotive industry continues to expand, the demand for automotive pistons is likely to remain strong.
A recent report thoroughly analyzes the major players operating within the Automotive Piston market. This comprehensive evaluation has considered several crucial factors, such as collaborations, mergers, innovative business policies, and strategies, providing invaluable insights into the key trends and breakthroughs in the market. Additionally, the report has carefully scrutinized the market share of the top segments and presented a detailed geographic analysis. Finally, the report has highlighted the major players in the industry and their ongoing endeavors to develop innovative solutions that cater to the ever-increasing demand for Automotive Piston.
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Key Developments in Automotive Piston Market
In January 2023, Renesas Electronics acquired Integrated Device Technology (IDT) for $6.7 billion. This acquisition gave Renesas a leading position in the automotive semiconductor market.
In February 2023, Aptiv PLC acquired Delphi Technologies for $32 billion. This acquisition gave Aptiv a leading position in the automotive electronics market.
Key Questions Answered in Automotive Piston Market Report
What specific growth drivers are projected to impact the market during the forecast period?
Can you list the top companies in the market and explain how they have achieved their positions of influence?
In what ways do regional trends and patterns differ within the global market, and how might these differences shape the market’s future growth?
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