Global sales of automotive piston rings reached ~450 million units (Sets) in 2017, which are expected to increase at a promising 4.4% CAGR through 2027. The sales are likely to equate ~660 million units (Sets) towards the end of projection period, 2019-2027. Automotive piston rings are the metallic rings located between the cylinder and the piston and hence, necessary engine components that allow the engine to work accurately.
The primary functions of automotive piston rings in an automobile include sealing the cylinder to eliminate the risk of gas leakage during combustion, controlling the amount of lubricant, releasing the heat created during ignition and preventing the knocking of the piston on to the cylinder walls. Usually, each cylinder consists of three automotive piston rings, 2 compression piston rings and an oil scraper piston ring.
Technological advancements in materials and manufacturing techniques in the automotive industry and the high adoption of ICEs (internal combustion engines) due to the increasing awareness regarding the importance of reducing carbon footprint are a couple of primary factors expected to create significant opportunities for the manufacturers of automotive piston rings over the projected period.
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FACTS AT A GLANCE
Companies: ASIMCO,Federal-Mogul LLC,MAHLE GmbH,NIPPON PISTON RING Co., Ltd.,Riken Corporation,IP Rings,Shriram Pistons & Rings Ltd.,TPR Co., Ltd.,Hunan ZhengYuanDongli Parts Co., Ltd.,SamKrg,Anhui Ring New Group Co., Ltd. (ARN),Grover Corporation,Abilities India Piston & Rings Ltd.
Coverage: All major geographies and key segments
Segments: Material Type(Cast Iron Piston Rings,Steel Piston Rings); Vehicle Type(Compact Cars,Mid-Size Cars,SUV Cars,Luxury Cars,Light Commercial Vehicles,Heavy Commercial Vehicles,Motorcycles,Scooters); Engine Type(Gasoline Engine,Diesel Engine)
Geographies: North America (U.S., Canada),Latin America (Mexico, Brazil, Argentina, Chile, Peru),Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe),CIS and Russia,Asia-Pacific (China, India, ASEAN, South Korea),Japan,Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
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ABSTRACT-
The main objective of the automotive piston rings market report is to identify dynamics in the market and provide recent updates and insights affecting the various segments of the global automotive piston rings market. To provide a better understanding of the automotive piston rings market, the report also includes the analysis of drivers, restraints and trends across six regions/countries, namely North America, Latin America, Europe, Asia Pacific Excluding Japan, Japan and Middle East & Africa, that influence the current automotive piston rings market scenario as well as are capable of affecting the future status of the global automotive piston rings market over the forecast period.
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To understand and assess the automotive piston rings market opportunities and trends, the global automotive piston rings market report has been categorically split into different sections based on the material type, engine type, vehicle type, sales channel and region.
The automotive piston rings market report starts with a market overview and provides market definition and taxonomy along with value chain, pricing analysis, drivers, restraints and trends in the market. The sections that follow include the global automotive piston rings market analysis by material type, engine type, vehicle type, sales channel and region.
All the above sections evaluate the aftermarket on the basis of various factors affecting the aftermarket size. Each section discusses the qualitative and quantitative aspects of the global automotive piston rings market. To give a brief idea about revenue opportunities from battery type, application, distribution channel, end use and region segments, the report also provides market value, absolute $ opportunity and total incremental opportunity for each segment over the forecast period (2019–2027).
In the final section of the automotive piston rings market report, a competitive analysis of the automotive piston rings market has been included to provide report audiences with a dashboard view categorized on the basis of providers present in the value chain, their presence in the automotive piston rings market and key differentiating features and strategies.
The primary type of providers covered in this automotive piston rings market report include automotive piston rings’ suppliers and manufacturers. This section is mainly designed to provide clients with the key information regarding players in the value chain of the automotive piston rings market.
Report audiences can gain segment-specific vendor insights to identify and evaluate key competitors on the basis of the in-depth assessment of their capabilities and success in the automotive piston rings market. Detailed profiles of providers have also been included under the scope of the report to evaluate their long- and short-term strategies, key offerings and recent developments in the automotive piston rings market.
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