Manufacturers can celebrate knowing vehicles are surging in demand, but not all is well. A shift in focus toward electric and hybrid model cars means less pistons per engine.
Newer technology can leave engines like this inline 6-cylinder design in the history books.
Key companies in the industry include Mahle, Aisin-Seiki, Rheinmetall, Hitachi and Federal-Mogul. These companies and others like them are going to need to catch on to the trend or be left behind in the dust of more efficient vehicles.
Asia to Lead in Piston Market Growth Despite Growing Competition
Local OEM's in China, South Korea and India are expanding to meet huge demand, but may expect some competition in the Asia-Oceania region. Manufacturers in North American and European markets are predicted to lead the automotive industry in technological advancements according to a report by MarketstoMarkets.
The report, “Automotive Piston System Market by Component, Material type, Coating type and Region – Industry Trends & Forecast to 2019”, predicts a growth at a CAGR (Combined Annual Growth Rate) of 5.84 percent between 2014-2019.
The report notes a continued popular demand for lightweight aluminum pistons for manufacturing IC engines. Estimates see up to 458 million units by 2019 with the remainder using steel.
Aluminum's popularity over Steel for use in IC engines holds strong across multiple regions according to diagram by MarketstoMarkets.
Will the Western world take the automotive industry by the horns? Will the shift in consumer trends mean success or failure for the worlds leading manufacturers? Does MarketstoMarkets report spell good tidings or ill fates? Read the report here and let us know in the comments.