The automotive piston market revenue is expected to reach USD 5,806.1 million by 2030, exhibiting a CAGR of 4.8% during 2024–2030.
The rising production and sale of automobiles, improving engine technology, and strict pollution regulations are some of the strongest drivers for the market. Innovative piston designs are a result of the quest for cleaner burning and higher fuel efficiency. High-performance pistons are needed for engine customization in the aftermarket and increased fuel efficiency.
The globalization and economic development in developing nations fuel car ownership as well as the international trade in automotive parts. Automobile demand is rising with urbanization, which is leading to a higher need for personal transportation. Moreover, governments encourage R&D for more-efficient automotive technologies. The production of pistons can now be done with greater precision and durability due to the adoption of enhanced manufacturing technology. The market is also driven by industrial development and the expansion of the infrastructure. As industries grow, so does the need for commercial vehicles for construction, mining, freight transportation, and agriculture.
The thermal barrier coating (TBC) category holds the largest share within the coating type segment, as TBC provides a solution for a number of problems related to engine performance and durability. These ceramic-based coatings are applied to critical engine parts, including pistons, cylinder heads, and exhaust valves, to form a thin, insulating layer. TBCs are primarily used to lessen heat transmission from the hot combustion gases to metallic engine parts, such as the engine block and cylinder heads.
This keeps engine parts from deteriorating over time. The piston crown and cylinder head are under less thermal stress since they operate at lower temperatures. By applying thermal barrier coatings, they experience reduced heat expansion and contraction, which increases their durability and life. Moreover, TBCs manage the combustion-generated high temperatures, which are crucial for high-performance and turbocharged engines. By reducing piston crown temperatures, TBCs mitigate detonation risks and preventing engine knocking and damage.
Although, TBCs have a lot of benefits, using them effectively necessitates careful engineering and material selection. They must be able to handle the high temperatures and mechanical stress inside the engine. Hence, for these coatings to adhere effectively and deliver the required benefits, quality control and accuracy during the coating process are essential. They are still being researched and developed as vehicle manufacturers work to design engines that are more efficient and eco-friendlier.
Some of the key industry players are MAHLE GmbH, Aisin Seiki Co. Ltd., Rheinmetale AG, Tenneco Inc., Art Metal Mfg. Co. Ltd., Continental AG, Riken Corporation, Hitachi Ltd., Dongush Industrial Co. Ltd., and Shriram Piston and Rings Ltd.