Marked 3 days 22 hours ago onto Automotive Industry News
Source: https://www.fortunebusinessinsights.com/automotive-piston-market-101997
The Automotive Piston Market is experiencing robust growth driven by the expanding globally. The Automotive Piston Market is poised for substantial growth as manufacturers across various industries embrace automation to enhance productivity, quality, and agility in their production processes. Automotive Piston Market leverage robotics, machine vision, and advanced control technologies to streamline assembly tasks, reduce labor costs, and minimize errors. With increasing demand for customized products, shorter product lifecycles, and labor shortages, there is a growing need for flexible and scalable automation solutions. As technology advances and automation becomes more accessible, the adoption of automated assembly systems is expected to accelerate, driving market growth and innovation in manufacturing.
The global automotive piston market size was valued at USD 12.87 billion in 2018 and is projected to grow USD 16.6 billion by 2032, exhibiting a CAGR of 2% during the forecast period. The Eurpoe dominated the Automotive Piston Market with a share of 17.4% in 2018.
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