Asia Pacific Piston Market Size & Outlook, 2023-2030
The piston market in Asia Pacific is expected to reach a projected revenue of US$ 1,011.1 million by 2030. A compound annual growth rate of 4.7% is expected of Asia Pacific piston market from 2024 to 2030.
Revenue, 2023 (US$M)
$732.6
Forecast, 2030 (US$M)
$1,011.1
CAGR, 2024 - 2030
4.7%
Report Coverage
Asia Pacific
Asia Pacific piston market, 2018-2030 (US$M)
Asia Pacific piston market highlights
- The Asia Pacific piston market generated a revenue of USD 732.6 million in 2023.
- The market is expected to grow at a CAGR of 4.7% from 2024 to 2030.
- In terms of segment, aluminum was the largest revenue generating material in 2023.
- Aluminum is the most lucrative material segment registering the fastest growth during the forecast period.
Asia Pacific data book summary
| Market revenue in 2023 | USD 732.6 million |
| Market revenue in 2030 | USD 1,011.1 million |
| Growth rate | 4.7% (CAGR from 2023 to 2030) |
| Largest segment | Aluminum |
| Fastest growing segment | Aluminum |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Aluminum |
| Key market players worldwide | MAHLE, Tenneco, Rheinmetall AG, Aisin Corp, Aditya Birla Group, Shriram Pistons and Rings, Hitachi Ltd |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 29.4% of the global piston market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,011.1 million by 2030.
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Piston Market Scope
Piston market segmentation & scope
Vehicle
Passenger Vehicle
Light Commercial Vehicle
Heavy Commercial Vehicle
Component
Piston Head
Piston Ring
Piston Pin
Countries
U.S.
Canada
Mexico
UK
Sweden
Spain
Norway
Italy
Germany
France
Brazil
Argentina
Australia
China
India
Japan
South Korea
Thailand
UAE
South Africa
Saudi Arabia
Kuwait
Piston Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Related regional statistics
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