FMI’s New Report, titled, “Lightweight Aluminium Pistons Market: Global Industry Analysis and Opportunity Assessment 2016-2026” offers 10-year forecast and analysis.
Valley Cottage, NY -- (SBWIRE) -- 06/10/2016 -- Automotive pistons are metal piece, tubular in shape which provides mechanical energy by moving up and down in engine cylinder which is necessary to drive shaft and in turn the vehicle wheels. A piston should have low weight, resistant to gas pressure, prevent wear, disperses heat of combustion and seal gas(from top) and oil (from bottom).Steel was extensively used till aluminium, a lightweight metal and its alloys are used as lightweight aluminium pistons. Steel pistons are used where there is high stress involved while lightweight aluminium pistons are preferred over steel owing to its light weight, ease for mass production and better management of heat of combustion. Steel pistons are witnessing downgrade because of low fuel economy (heavy), hard material making it hard to fit with machine and restraints in mass production due to proper infrastructure unavailability. Increased vehicle production, market preference for the lightweight vehicles and fuel economy for the vehicle are some of the vital regions to drive the global demand for the lightweight aluminium pistons.
Lightweight Aluminium Pistons Market Dynamics
The global market for lightweight aluminium pistons is growing owing to the rising sales of automobiles. The stakeholders of the automobile industry are focusing on the lightweight vehicles for better fuel efficiency in turn increasing the market demand for the lightweight aluminium pistons market. Abundant availability of raw material and mass production facilities for lightweight aluminium pistons are also driving the market demand for the global lightweight aluminium piston market. Because of the rising prices of the crude oil and environmental awareness, automobile industry is investing more and more to attain the fuel efficiency and thus increasing the demand for aluminium lightweight pistons. The major restraint for lightweight aluminium piston market is the market penetration by electric vehicles. Automobile industry stakeholders are implementing the new technologies for the engine downsizing. They are reducing the number of cylinders to achieve so and thus in turn it could act as a major restraint for the lightweight aluminium piston market in near future.
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Lightweight Aluminium Pistons Market Segmentation
The global lightweight aluminium piston market is segmented based into five categories based on the type of aluminium alloy, type of piston coating, manufacturing process, vehicle type, fuel type and based on the region. The aluminium alloys used in piston manufacturing are all silicon based alloys, their composition is varied based on the requirements but broadly global market for lightweight aluminium piston based on the alloy type is segmented into aluminium 2618 and aluminium 4032. Based on the type of piston coating global market for lightweight aluminium piston is segmented into dry film lubricant, thermal barriers and oil shedding coatings. Based on the manufacturing processes global market for lightweight aluminium piston is segmented into two categories cast and forged. Another type based on which the global market for lightweight aluminium piston can be segmented is type of vehicle which are passenger cars, light commercial vehicle (LCV) and high commercial vehicle (HCV). Based on the region the global market for lightweight aluminium piston is segmented into seven key regions North America (U.S., Canada), Latin America (Mexico. Brazil), Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg), Eastern Europe (Poland, Russia), Asia Pacific (China, India, ASEAN, Australia & New Zealand), Japan, Middle East and Africa (GCC, S. Africa, N. Africa).
Lightweight Aluminium Pistons Market: Regional Outlook
Rising demand for vehicles and growing sales of vehicles are the key growth driver for automotive piston market. The larger share of automotive pistons is captured by aluminium lightweight pistons compared to those captured by steel. The global aluminium lightweight piston market is expected to show single digit CAGR in the future 10 years. Asia pacific is expected to witness major demand growth with China, japan and South Korea gaining the maximum share owing to the presence of key auto manufacturing players' presence in these countries. Growing economies, change in lifestyle owing to the increasing disposable income and preference for the lightweight vehicles for the fuel efficiency are some of the major reasons in this region for the expected market growth for lightweight aluminium piston. North America and Europe are also expected to witness substantial growth in lightweight aluminium piston market as per the technology development and Research & Development initiatives for fuel efficiency.
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Lightweight Aluminium Pistons Market: Key Market Players
The key business players in the lightweight aluminium piston business are focusing more and more on the technology development and R&D activities as the global aluminium consumption in automotive industry is expected to show substantial growth. The key global players in the lightweight aluminium piston business are Mahle GmbH (Germany), Rheinmetall AG (Germany), Aisin-Seiki Co. Ltd. (Japan), Hitachi Ltd. (Japan), and Federal-Mogul Corporation (U.S.) and others.