Future Market Insights (FMI) has estimated the Automotive Gudgeon Pin market to grow with year on year growth of 4.3% in 2022 reaching value of about USD 3,149.4 Million by 2022 end. The global industry is projected to observe a significant CAGR of 5.0% by value during the period of 2022 and 2027.
| Attribute | Details |
|---|---|
| Automotive Gudgeon Pin Market Base Year Value (2021A) | USD 3,149.4 million |
| Automotive Gudgeon Pin Market Estimated Year Value (2022E) | USD 3,310.3 million |
| Automotive Gudgeon Pin Market Projected Year Value (2027F) | USD 4,024.3 million |
| Value CAGR (2022 to 2027) | 5.0% |
| Collective Value Share: Top 3 Countries (2022E) | 48.0% |
FMI has identified China to be the key market for Automotive Gudgeon Pin market over the forecast period owing to the predominance of major original equipment manufacturers as well as the aftermarket in China, China will lead the automotive gudgeon pin market.
Because of the simple availability of raw materials, low labour costs, and low production costs, Europe and the United States will relocate their activities to China. The country is estimated to hold around 60% in the APAC Automotive Gudgeon Pin market in 2022.
Explore FMI!
Book a free demo
| Market Statistics | Details |
|---|---|
| H1,2021 (A) | 4.9% |
| H1,2022 Projected (P) | 5.0% |
| H1,2022 Outlook (O) | 5.3% |
| BPS Change : H1,2022 (O) - H1,2022 (P) | (+) 30 ↑ |
| BPS Change : H1,2022 (O) - H1,2021 (A) | (+) 35 ↑ |
The expansion of services and the replacement of engine parts in the aftermarket are the main drivers of the automotive gudgeon pin market, which Future Market Insights forecast will be the subject of a comparison and review study.
The global automotive market's vehicle PARC, or the number of automobiles in use, is anticipated to grow at a brisk rate, supporting the growth of the automotive gudgeon pin market.
Improved economic conditions in developing nations around the world, rising employment rates, rising disposable income, and an increase in dual-income households among middle-class families are the main factors boosting demand for passenger cars.
All of these factors are anticipated to hasten the growth of the automotive gudgeon pin market. With growing interest in cleaner engine technology and a move toward a more integrated approach to mechanical and electrical engineering, demand for powertrains will increase.
Additionally, downsizing the ICE is the most cost-effective way to reduce gas emissions from an automobile (internal combustion engine). For instance, the use of steel in the production of automotive gudgeon pins enables a reduction in ring thickness, which has several benefits.
FMI analysis predicts a 35-unit increase in the change in BPS values seen in the market for automotive gudgeon pin in H1, 2022 - Outlook compared to first-half 2021 actual. The market is anticipated to grow by 30 basis points compared to earlier predictions for the first half of 2022.
Demand outlook for gudgeon pin between 2013 and 2021 remains 4.3% as the pandemic crisis has impacted the market. Reduced demand for gudgeon pin in several applications sectors has hampered market growth in 2020, resulting in a drop in overall growth over the previous eight years.
The automobile gudgeon pin is a crucial component of the engine assembly in all types of vehicles on the market. In the OEM market, rising vehicle production in major regions such as Asia Pacific, Latin America, and Africa is expected to enhance sales of automotive gudgeon pins.
The growing demand for automotive gudgeon pin in the global market is expected to be fueled by the expanding services and replacement of engine components in the aftermarket. The vehicle PARC, or the number of cars in use, is expected to expand at a healthy rate in the global automotive market, which will support the expansion of the automotive gudgeon pin market.
Furthermore, the rising popularity of two-wheelers in countries such as India, China, Brazil, Mexico, Turkey, and the ASEAN countries, among others, is expected to drive the global automotive gudgeon pin market throughout the forecast period.
The primary drivers augmenting demand for passenger cars are improving economic conditions in developing countries around the world, rising employment rates, increasing disposable income, and the rise in dual income households of middle class families, all of which are expected to accelerate the growth of the automotive gudgeon pin market.
Other factors driving the expansion of passenger automobiles and increasing demand for automotive engine components like gudgeon pin are affordable price brackets for the middle-class population and a rising standard of living.
In the coming years, demand for powertrains will rise as interest in greener engine technology grows, as well as a shift toward a more integrated approach to mechanical and electrical engineering.
Also, the most economical technique to cut gas emissions from an automobile is to downsize the ICE (internal combustion engine).
The use of steel in the manufacture of automotive gudgeon pins, for example, allows for a reduction in ring thickness, which has various advantages.
For example, a lighter gudgeon pin seals better against the groove, and a smaller radius gives more strength. As a result, light gudgeon pins minimize oil consumption, lowering emissions of volatile particulate matter. As a result, the automobile gudgeon pin market is seeing technical breakthroughs in engines.
The key to success for automotive gudgeon pin producers is strategic placement in regional markets, national markets, and business lines. Significant market participants might reduce the pricing pressure produced by regional companies by building strong positions in regional markets and enterprises, which would allow them expand their profitability and growth potential.
The ability of significant players to understand regional strategies and marketing tactics will determine their prospective chances. Furthermore, a strong workforce that can improve customer relationships, as well as solid distribution channels, can aid multinational corporations in gaining a competitive advantage in regional markets.
The USA is projected to account for approximately 88.3% of the North America Automotive Gudgeon Pin market in 2022. Over the projected period, the United States is also expected to see strong market expansion due to increased output in the automotive industry.
However, due to the slowdown in output, demand in this country is expected to expand at a moderate rate. Over the forecast period, capacity increases in the United States are expected to raise the market call.
Germany is projected to grow at a CAGR of 5.1% in the global Automotive Gudgeon Pin industry owing to increasing number of vehicle in the country during 2022-27.
The market is predicted to grow due to an increase in ICE vehicle production and sales, as well as increased demand for high-performance and premium vehicles, and advancements in piston cooling efficiency technologies.
China is projected to hold nearly 60% of the APAC gudgeon pin market in 2022. China's transportation business is still thriving, with Chinese Gudgeon Pin manufacturers producing and exporting large quantities of Gudgeon Pin all over the world.
Because of the country's increased public transit, China's transportation industry is predicted to be among the most opportunistic. In the foreseeable years, the growing number of manufacturers in China would give a lucrative opportunity in the Automotive Gudgeon Pin market.
Steel is expected to be a major segment with a 5.0% CAGR among the material segments, as steel can perform successfully at high temperatures. For example, the average temperature on the piston face, piston ring, and piston skirts is 300 degrees Celsius, 220 degrees Celsius, and 190 degrees Celsius, respectively. As a result, a lot of automotive gudgeon pin producers use steel to make gudgeon pins for automobiles.
The full floating segment of the worldwide automotive gudgeon pin market is predicted to increase at a remarkable rate of 5.5% CAGR over the forecast period of 2022-27, as full floating gudgeon pins allow for easy power transmission from the piston to the crankshaft.
Both ends of the automobile gudgeon pin float at the bearing surface in the full floating automotive gudgeon pin system. Gudgeon pins with full floating mechanisms are available from reputable manufacturers.
Due to the large production of passenger cars, the passenger car category is expected to account for nearly 52% of the worldwide automotive gudgeon pin market in 2022.
The market for automotive gudgeon pins for first-fit automobiles is inextricably linked to vehicle production. The two-wheeler segment is expected to develop at a spectacular rate of 4.7% throughout the second half of the forecast period in terms of yearly growth.
Manufacturers of automobile gudgeon pins have been seen to use primarily three sorts of tactics to build a unique brand value and expand their market shares around the world: acquisition, partnership, and product releases. Some automobile gudgeon pin producers use diamond-like surface polishing to extend the life of their products.
| Attribute | Details |
|---|---|
| Forecast Period | 2022 to 2027 |
| Historical Data Available for | 2013 to 2021 |
| Market Analysis | USD Million for Value, Units for Volume |
| Key Regions Covered | North America; Latin America; Europe; Japan; APAC; MEA |
| Key Countries Covered | USA, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Russia, GCC Countries, China, Japan, South Korea, Singapore, Malaysia, Indonesia, Thailand, India |
| Key Segments Covered | Material Type, Product Type, Vehicle Type, Sales Channel and Region |
| Key Companies Profiled | Federal Morgul; Mahle GmbH; Shriram Pistons & Rings Ltd.; Aisin Seiki Co.Ltd; Rheinmetall Automotive AG; Ming Shun Industrial Co., Ltd.; Elgin Industries; SAMKRG; KSPG; Arias Pistons; Burgess-Norton; Ross Racing Pistons |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The Automotive Gudgeon Pin market is expected to account for USD 3,149.4 Million in 2022.
The Automotive Gudgeon Pin market has been estimated to exhibit growth rate of 5.0% between 2022 and 2027 on value basis.
Federal Morgul and Mahle GmbH are the leading market players. They collectively are anticipated to account for 50% to 55% of the global market share.
The demand in USA is expected to increase by 4.1% CAGR between 2022 and 2027 on value basis.
U.S., China, Germany, are the key consumer of Automotive Gudgeon Pin.
Two Wheeler Accessories Aftermarket Growth - Trends & Forecast 2025 to 2035
Wiper Blade Market Growth – Trends & Forecast 2025 to 2035
Two-Wheeler Aftermarket Components & Consumables Market Growth – Trends & Forecast 2025 to 2035
Train Seat Market Growth – Trends & Forecast 2025 to 2035
Steering Stabilizers Market Growth – Trends & Forecast 2025 to 2035
Motorcycle Suspension System Market Growth - Trends & Forecast 2025 to 2035
Automotive Gudgeon Pin Market
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.
