Global Automotive Piston Pins Market Size Is Projected To Grow From USD 316 million by 2027.

The global automotive piston pin market size is projected to grow from USD 259 million in 2020 to USD 316 million by 2027, at a CAGR of 4.5%. The market for piston pins is mainly driven by the extensive production and sales volumes of ICE vehicles in all segments, including passenger cars, LCVs and HCVs. In developing as well as developed countries, the piston pin market has experienced growth.

During the forecast era, Asia Pacific is expected to be the largest and fastest-growing market for automotive piston pins. Some of the main ICE vehicle manufacturers worldwide are China, Japan, South Korea, and India. According to OICA, the production of passenger cars in the Asia-Pacific region accounts for about 54 percent of the global production of passenger cars. 

Download Free Sample Copy Of Research Report: https://www.vynzresearch.com/automotive-transportation/automotive-piston-pins-market/request-sample

The growth of the automotive piston pin market may be hindered by the growing demand for battery-operated vehicles to curb pollution. Mandatory emission standards to restrict NOx and CO2 emissions have been set up by the governments of many countries. In addition, demand for battery-operated vehicles has increased due to the increasing stringency of emission standards. 

The need for alternative fuel technologies to minimize pollution from traditional ICE vehicles has been motivated by the growing prevalence of localized air quality regulations. Increasing demand for emission-free and energy-efficient cars, government legislation, oil price volatility, and vehicle conversions have forced automotive OEMs to develop alternative fuel consumption technologies. 

The primary concern in the design and manufacture of piston pins is the choice of material and size of the pin. Due to their respective mechanical and chemical properties, the metals that are commonly used to manufacture piston pins are steel alloys. Such attributes include thermal expansion, wear-and-tear resistance, strength, and density, among others. 

Key Players

• Art Metal Mfg., Ltd.

• Art-Serina

• Avon Industrial Corporation

• Bohai Automotive Systems

• Burgess Norton

• Capricorn

• Coker Engineering Ltd.

• Cosworth

• CP Carrillo, Inc.

• Dong Yang Piston

• Elgin Industries

• JE Pistons

• Mahle GmbH

• Menon Piston

• Ming Shun Industrial Co., Ltd.

• Prabhat Engineering Corporation

• Rheinmetall Automotive Ag

• Ross Racing Pistons

• Samkrg Pistons and Rings Limited

• Shriram Pistons & Rings Ltd.

• Tenneco

• Wiseco

Source: VynZ Research