Automotive piston engine system market is anticipated to grow at a CAGR of 5.4 % during the forecast period (2023-2030). The market’s growth is attributed to increasing demand for fuel flexibility. The industry’s push toward fuel-agnostic solutions is in response to the changing demand for engines that can run on a variety of fuels, including standard fuels, hybrids, and alternative energy sources. For instance, in February 2023, Cummins Inc. launched the next engine in the fuel-agnostic series, the X10. This engine, that is part of the X engine family, is advantageously positioned to replace both the L9 and the X12 while additionally supporting medium and heavy-duty applications.
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The global automotive piston engine system market is segmented on the raw material type, vehicle type, fuel type and component type. Based on the raw material type, the market is sub-segmented into cast iron, aluminum alloy, and others. Based on the vehicle type, the market is sub-segmented into gasoline/petrol engines, diesel engines, and others. Further, on the basis of component type, the market is sub-segmented into piston, piston ring, piston pin, and others. The commerical vehicles subcategory is expected to capture a significant portion of the market share within the product segment. The industry is predicted to increase significantly owing to the use of commercial vehicles in mining, construction, logistics, and transportation.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Automotive Piston Engine System Market Report Segment
By Raw Material Type
- Cast Iron
- Aluminum Alloy
- Others (Steel Alloys, and Coatings and Surface Treatments)
By Vehicle Type
- Passenger Cars
- Commercial Vehicles
By Fuel Type
- Gasoline/Petrol Engines
- Diesel Engines
- Others (Flex-Fuel Engines, and Natural Gas and LPG Engines)
By Component Type
- Piston
- Piston Ring
- Piston Pin
- Others (Connecting Rod, and Valvetrain Components)
Global Automotive Piston Engine System Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global automotive piston engine system market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies. Competitive strategies by identifying ‘who-stands-where’ in the market.
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