The Global Automotive Piston Pin Market size is projected to grow at a CAGR of 2.2% from 2021-2028. The market value is estimated to be $4.6 billion in 2020 and will reach $5.7 billion by 2028 end.
A piston pin is a mechanical device that joins the connecting rod to the crankshaft, helping transmit force from one component to another. It connects two rotating shafts together and transmits power through them by rotation or linear motion. Piston pins are used in automobile engines for transmitting torque generated by the combustion of fuel into rotational energy at high speed. Piston pins are also used in stationary engines for the same purpose. The piston pin transmits force through two rotating shafts such as connecting rod and crankshaft, which is coupled by a connecting rod bearing assembly. This mechanical device helps transmit power from one component to another with rotation or linear motion of parts. In an automobile engine, when fuel burns inside cylinders under high pressure it causes pistons to move up and down creating reciprocating (back-and-forth) movement that pushes rods over the top of each other causing them to turn rapidly about their longitudinal axis while torque begins at zero rpm's and becomes maximum at some predetermined number around 12000 rpm's because more sparks will be created which can ignite more fuel that is being pushed into the cylinder by pistons.
On the basis of Type, the global automotive piston pin market is segmented into Steel, Aluminum, Titanium, and Others.
Steel automotive piston pins are the most commonly utilized type of pistons in the global market. Steel, which is a combination of iron and carbon or other alloying elements (e.g., manganese), has an advantage over its competitors owing to lower cost at the same quality levels as that offered by aluminum but this can be offset with an increase in weight due to steel's higher density than other materials such as titanium, stainless steel, brass, and copper alloys for instance. A steel automotive piston pin has two different types that are manufactured by using a cast or forged metallurgy process - cold-headed steel (CHS) and hot-headed steel (HHS). In general, the CHS pins are used in low to medium duty applications, while HHS piston pins tend to be found in higher-stress and high-pressure conditions.
An aluminum automotive piston pin is typically used to replace a steel or titanium automotive piston pin. Aluminum pins are made from an alloy of aluminum that contains different elements such as copper, magnesium, and manganese in order to create the right type of metal for the desired application. It has been observed that many manufacturers prefer to substitute other metals with aluminum because its lightweight allows designers more latitude when designing new engine architectures while maintaining high strength levels; at the same time reducing vehicle weight which provides additional benefits like improved fuel economy due to reduced parasitic losses.
A titanium automotive piston pin is a specialized type of fastener that consists of an aluminum or steel shaft to which a head made from the metal Titanium has been welded. Titanium pins are often chosen because they have high tensile strength, corrosion resistance and work well with a variety of other metals such as steel or aluminum. A titanium automotive piston pin can reduce parasitic losses because of its lightweight properties like strength, lightweight and corrosion resistance over time versus other metals such as stainless steel which reacts poorly with air. It also provides good wear characteristics compared to brittle metals like steel.
On the basis of Application, the global automotive piston pin market is segmented into OEM and Aftermarket.
OEM segment was dominant in the global automotive piston pin market and accounted for a major share of the overall revenue. The high demand from OEM manufacturers is attributed to robust growth in the number of vehicles manufactured globally coupled with an increasing need to develop cutting-edge technologies that offer higher efficiencies, improved fuel efficiency, and reduced emissions.
Automotive piston pins are used as replacement parts in the aftermarket industry. They can also be found inside connecting rods that attach to crankshafts in engines. The various types of piston pins include copper-coated (nickel-plated), ceramic, nylon, metal-clad composite, and plastic-handled ones among others. This includes carbon fiber reinforced polymer composites which have been made by manufacturers for use on high-performance racing cars or engine blocks. Companies provide these products with a range of coatings including nickel, zinc, and chrome among other options based on customer requirements such as cost-effectiveness or specific performance needs like anti-friction properties when sliding across another component within an engine block or limited wear against moving components during periods of heavy usage, etc.
On the basis of Region, the global automotive piston pin market is segmented into five regions such as North America (United States), Latin America (Mexico) Europe(Italy), and Asia-Pacific (India). Asia-Pacific region held a major revenue share for this industry owing to its vast population coupled with high GDP and rapid industrialization rate.
North America, the largest supplier of automotive piston pins in the world is categorized as one of the most developed regions. The region has a high population and GDP coupled with an increasing number of vehicles being sold annually. As per the report, United States holds more than 50% share in this region owing to its economic stability, technological advancements, and easy access to raw material resources for manufacturing processes such as aluminum. Moreover, countries like Canada have a stringent regulatory policy that creates barriers for entry by new players hampering their growth rate.
Latin America is considered to be a promising market owing to its low production cost without compromising on quality standards due to the availability of a cheap labor force and favorable climatic conditions. Countries such as Mexico are emerging markets witnessing increased demand from OEMs and consumers. The Asia Pacific region is expected to witness strong growth in coming years owing to the large population and increasing disposable income that is contributing towards the growing demand for personal vehicles which indicates an upsurge in requirements for automotive piston pins. The Middle East & Africa has been witnessing robust growth due to its low production cost without compromising on quality standards, easy access to raw materials and favorable climatic condition.
The key factors driving this growth are increasing demand for goods produced in environmentally friendly manners, the rising production volume of passenger vehicles worldwide, and strict government regulations on pollutant emissions from vehicles. Furthermore, technological advancements such as new techniques used by OEMs for car manufacturing have also contributed to higher vehicle production volumes which consequently increased the demand for automobile parts like pistons pins. Governments in Asia Pacific regions have given tremendous support to this industry by providing incentives such as low tax rates which have led to increased production capacity. The automation process is also one of the main drivers that will lead to a significant increase in global manufacturing output over the next few years. Lastly, rising fuel prices worldwide contribute towards rapid growth in sales figures.
Up Market Research published a new report titled “Automotive Piston Pin Market research report which is segmented by Types (Steel, Aluminum, Titanium, Others), By Applications (OEM, Aftermarket), By Players/Companies Mahle, Aisin-Seiki, Rheinmetall, Hitachi, Tenneco(Federal-Mogul), KSPG, Tenneco, Shriram Pistons and Rings, Arias Piston”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
|Automotive Piston Pin Market Research Report
|Steel, Aluminum, Titanium, Others
|Mahle, Aisin-Seiki, Rheinmetall, Hitachi, Tenneco(Federal-Mogul), KSPG, Tenneco, Shriram Pistons and Rings, Arias Piston
|North America, Europe, APAC, Latin America, MEA
|2018 to 2019 (Data from 2010 can be provided as per availability)
|Number of Pages
|Number of Tables & Figures
|Yes, the report can be customized as per your need.
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Steel, Aluminum, Titanium, Others and By Application OEM, Aftermarket.
Some of the companies that are profiled in this report are:
Automotive Piston Pin Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Automotive Piston Pin Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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