According to Future Market Insights, the global Lightweight Aluminium Pistons market is expected to be valued at US$ 1,588.24 million by 2022 and is further projected to expand at a CAGR of 3.7% between 2022 and 2032. Steel was widely used until the light metal aluminum and its alloys were used for lightweight aluminum pistons. Steel pistons are used where high loads are applied, but lightweight aluminum pistons are preferred over steel due to their light weight, ease of mass production, and better combustion heat management.
| Attributes | Details |
|---|---|
| Market Size 2021A | US$ 1,712.4 million |
| Market Size 2022E | US$ 1,774.8 million |
| Market Size 2032F | US$ 2,551.8 million |
| Value CAGR (2022 to 2032) | 3.7% |
Aluminum pistons are an important part of all pneumatic cylinders, piston pumps, and gas compressors. Lightweight aluminum pistons are used in many vehicles such as heavy commercial vehicles (HCV), motorcycles, passenger cars, light commercial vehicles (LCV), and industrial equipment. Therefore, increasing automobile production is one of the key factors expected to drive the growth of the global lightweight aluminum piston market during the forecast period 2022 to 2032.
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The global lightweight aluminium pistons market was valued at US$ 1,712.4 million in 2021 and is expected to reach US$ 2,551.8 million by 2032, increasing at a 3.7% CAGR from 2022 to 2032.
The global lightweight aluminium pistons market is expected to grow at a CAGR of 3.7% during the forecast period as steel pistons are considered downgraded because of their low fuel economy also steel is a harder material and does not fit easily into machines, and mass production of steel is limited due to the lack of proper infrastructure. Increasing production of automotive vehicles, market preference for lighter vehicles, and vehicle fuel economy are some of the key areas which drive global demand for lightweight aluminium pistons.
The global market for lightweight aluminum pistons is expanding due to rising automobile sales. Stakeholders in the automotive industry are turning to lightweight vehicles to improve fuel efficiency, resulting in increased market demand for the lightweight aluminum piston market.
The abundant availability of raw materials and mass production facilities for lightweight aluminum pistons is also driving market demand for the global lightweight aluminum piston market. Rising oil prices and growing environmental awareness are driving the automotive industry to invest more in fuel efficiency, driving demand for lightweight aluminum pistons.
Increasing demand for automobiles and increasing sales of automobiles are the major growth drivers of the automotive piston market. The majority of automotive pistons consist of aluminum pistons, which are lighter than steel pistons. The global aluminum lightweight piston market is expected to show a single-digit CAGR over the next decade.
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The biggest constraint on the lightweight aluminum piston market is the market penetration of electric vehicles. Electric vehicles overcome harmful carbon emissions which result in pollution. Automotive industry players are implementing new technologies for engine downsizing. Advanced technologies such as turbochargers and superchargers are also been used to increase the efficiency of engines without affecting the output power of the vehicle engine. As automotive manufacturers are reducing the number of cylinders to achieve this, it could act as a major constraint on the lightweight aluminum piston market in the future.
North America dominates the aluminum piston market in terms of market share. This is due to the demand for lightweight products and increased research and development activities in the region.
In the Asia-Pacific region, China, Japan, and South Korea are gaining the largest share due to the presence of major auto industry players, and are expected to grow significantly in demand. A growing economy, changing lifestyles due to rising disposable income, and a preference for lighter-weight vehicles due to fuel efficiency are some of the key drivers for the expected growth of the lightweight aluminum piston market in the region.
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Key business players in the lightweight aluminum piston business are focusing mostly on technology development and research and development activities as global automotive aluminum consumption is expected to show significant growth.
The key global players in the lightweight aluminum piston business are Mahle GmbH (Germany), Rheinmetall AG (Germany), Aisin-Seiki Co. Ltd. (Japan), Hitachi Ltd. (Japan), and Federal-Mogul Corporation (The USA) and others.
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 3.7% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2017 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million, Volume in 000’Units, and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Alloy Type, Piston Coating, Manufacturing Process, Vehicle Type, Fuel Type, Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia & Pacific; Middle East and Africa |
| Key Countries Covered | The USA, Canada, Mexico, Brazil, Germany, Italy, France, The United Kingdom, Spain, Benelux, Russia, China, Japan, South Korea, India, ASIAN, Australia and New Zealand, GCC Countries, Turkey, South Africa, North Africa |
| Key Companies Profiled | Mahle GmbH; Rheinmetall AG; Aisin-Seiki Co. Ltd.; Hitachi Ltd.; Federal-Mogul Corporation |
| Customization & Pricing | Available upon Request |
In 2021, the value of the Lightweight Aluminum Pistons market reached over US$ XX million.
During the forecast period, the Lightweight Aluminum Pistons market is estimated to expand at a CAGR of 3.7% from 2022 to 2032.
The Lightweight Aluminium Pistons market is projected to reach US$ 2,551.8 million by the end of 2032.
Asia-Pacific region is projected to lead the Global Lightweight Aluminium Pistons market in the forecast period.
The key global players in the lightweight aluminum piston business are Mahle GmbH (Germany), Rheinmetall AG (Germany), Aisin-Seiki Co. Ltd. (Japan), Hitachi Ltd. (Japan), and Federal-Mogul Corporation (The USA) and others.
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Lightweight Aluminium Pistons Market
