Piston assembly consist of piston, piston pin, piston rings, connecting rods and cylinder liners. Piston assembly develop as complete module. Piston assembly offers commercial as well as logistical advantages to its end use applications due to its simpler assembly and optimally coordinated design. Modern engines require high end cylinder component that are more durable and has high efficiency so that they can operate at higher operating temperature and pressures, which can reduce the emissions. Piston assembly as a complete module is light in weight and also the components are properly synchronized which automatically increases the efficiency of the engine. This concept of piston assembly as a complete module also compel the manufacturers to develop innovative products that has unpredictable high performance. Now a days, engine manufacturers focuses on integrating piston assembly rather to integrate separate components in order to increase the longevity of the engine.
Piston Assembly Market: Dynamics
Growing urbanization and increasing purchasing power of the middle class population propel the demand for passenger cars and two wheelers across the globe. This factor is expected to boost the growth of the global piston assembly market. Moreover, increasing e-commerce and logistic industry fuel the demand for commercial vehicle which in turn accelerate the growth of piston assembly market over the forecast period. Moreover, stringent rules and regulation regarding fuel emission, which are laid down by government of several nations across the globe is another factor that boost the sales and production of new vehicle which positively impact on the growth of piston assembly market. Moreover, increasing industrialization fuel the demand for new machinery which in turn accelerate the sale of piston assembly market. Increasing sea borne trade propel the demand for new carriers which positively effect on the growth of the global piston assembly market. Furthermore, growing railway network increases the number of trains which boost the sale of the piston assembly and affirmatively affect the growth of global market. However, increase uses of electric engine in the vehicles is expected to hinder the growth of piston assembly market over the forecast period.
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Piston Assembly Market: Segmentation
Piston Assembly Market can be segmented by application and Sales channel:-
On the basis of application, piston assembly market can be segmented into:
- Railway Vehicles
- Marine Vehicles
- Automotive
- Passenger Cars
- Commercial Vehicles
- Two Wheelers
- Off Highway Vehicles
- Industrial Engines
- Agricultural and Construction Machinery
- OEM
- Aftermarket
Piston Assembly Market: Regional Outlook
North America piston assembly market is estimated to hold prominent share in the global market due to increase in demand for piston assembly from end use applications especially from automotive. Along with this factor, the demand for high speed vehicles increases the sales of piston assembly as these module decreases the emission and increases the efficiency of the vehicles. These factor are expected to boost the growth of the piston assembly market over the forecast period. Europe is anticipated to register healthy growth in the piston assembly market during the assessment period owing to positive economic outlook across the region. Moreover, growing manufacturing sector in the emerging economies such as Brazil, Mexico, India, China propel the demand for industrial machinery which in turn directly effect on the growth of piston assembly market. Growth in the automotive industry of developing countries in Asia Pacific is expected to contribute significant share in the global piston assembly market over the forecast period. Developing regions such as Latin America, Middle East and Africa are also estimated to increase the demand for transportation vehicles, owing to growing industrialization and improving financial condition, which in turn, glare the growth of piston assembly market in the forecast period.
Piston Assembly Market: Market Participants
Examples of some of the market participants identified across the value chain of the global Piston Assembly Market includes:
- Churchill Technologies
- Mahle GmbH
- Shandong Binzhou Bohai Piston Co., Ltd.
- IVEK Corporation
- Coherix
- Karan Exports
- Crown International
- Koshin America
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