Automotive Piston System Market Estimated to Reach 552,874.1 Thousand Units by 2019 New Report By MarketsandMarkets
Dallas (PRWEB) April 30, 2015 -- Automotive Piston System Market is primarily propelled by increasing vehicle production and the rising demand for lightweight pistons, resulting in efficient working of the engine. However, increasing trend for reduction in number of cylinders in an IC engine and shifting focus towards electric vehicles has been identified as a restraint for the market.
Browse 75 market data tables and 65 figures spread through 200 pages and in-depth TOC on Automotive Piston System Market.
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The global market for automotive piston system is estimated to grow at a promising CAGR of 5.84% from 2014–2019. The market is primarily propelled by increasing vehicle production and the rising demand for lightweight pistons, resulting in efficient working of the engine. However, increasing trend for reduction in number of cylinders in an IC engine and shifting focus towards electric vehicles has been identified as a restraint for the market.
Key countries considered in the Asia-Oceania region include China, Japan, India, and South Korea. As of 2014, this region was estimated to be the largest market in terms of volume for automotive piston system, as it accounts for the largest share of vehicle production across the globe. Based on our research study, Asia-Oceania was estimated to hold the largest share approximately 50% of the piston system market in 2014. China is likely to be a major revenue contributor in this region. Key players such as Aisin-Seiki Co. Ltd. (Japan), Mahle GmbH (Germany), Rheinmetall AG (Germany), and Hitachi Ltd. (Japan) among others have their presence in this region.
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This report illustrates the market for automotive piston system in terms of both volume and value. The market size in terms of volume from 2012–2019 is provided in terms of thousand units (‘000 Units), whereas the market size in terms of value from 2012–2019 is provided in terms of USD million ($Million). With focus on the key countries, the report is broadly classified into region (Asia-Oceania, Europe, North America, and RoW).
The report provides classifies and defines the automotive piston system market in terms of value, providing qualitative as well as quantitative insights into automotive piston system market. It consists of a comprehensive review of market drivers, restraints, opportunities, challenges, and other related aspects in the automotive piston system market. Key players in the market identified and profiled in this report include Mahle GmbH (Germany), Aisin-Seiki Co. Ltd. (Japan), Rheinmetall AG (Germany), Hitachi Ltd. (Japan), and Federal-Mogul Corporation (U.S.).
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