Forecast of Global Automotive Steel Piston Market 2023

Global Automotive Steel Piston market will register a 26.4% CAGR in terms of revenue, reach US$ 620 million by 2023, from US$ 150 million in 2017. An automotive piston is a tubular piece of metal that moves up and down inside the cylinder of an engine). The piston generates mechanical energy that provides the necessary power to drive the shaft and consequently the wheels of an automobile. In an engine, the automotive piston primarily functions by transferring force from expanding gas in the cylinder to the crankshaft via piston rod or with the help of a connecting rod.