Automotive Piston Rings Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029

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Automotive Piston Rings Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029

Status : February, 2021 | Automotive

Report Digest


Global Automotive Piston Rings Market: Overview

Piston rings find use in the maintenance of compression of gas between the cylinder wall and the piston. These rings are tasked with the sealing of the cylinder so as to prevent the leakage of combustion gas that is produced during ignition into the opening between the cylinder and the piston. Automotive piston rings are essential components that enable proper functioning of the engine. The main function of these piston rings in an automobile comprise sealing of the cylinder so as to regulate the amount of lubricant, do away with the chances of gas leakage at the time of combustion, and to ensure proper of the heat produced during ignition. As such, it helps in the prevention of piston being knocked off to the walls of the cylinder. These benefits of the product are likely to encourage growth of the global automotive piston rings market over the timeframe of analysis, from 2019 to 2029.

Technological progress attained in the techniques of manufacturing and materials in the automotive sector is estimated to play a positive role in driving the demand for piston rings in the automotive sector. In addition to that, growing awareness about the need to lessen the carbon footprint in the nature are likely to play an important role in the growth of the global automotive piston rings market over the timeframe of projection, from 2019 to 2029.

The six parameters of considerable importance that have been considered for segmentation of the global automotive piston rings market include vehicle type, type, material, engine type, sales channel, and region. The objective of such segmentation is to offer a clearer, 360-degree view of the market.

Global Automotive Piston Rings Market: Notable Developments

One of the relevant and important developments in the global automotive piston rings market is mentioned as below:

  • In September 2018, German manufacturer of automotive parts manufacturer, MAHLE GmbH, introduced new generation of piston coatings that would minimize emissions and enhance efficiency. These coatings are intended to guide and lessen the heat that enters the pistons. As such, the demand for cooling of pistons has been reduced and the increased temperature of the exhaust gas enables larger quantity of energy extraction utilizing waste heat recovery (WHR) systems.

Some of the key players in the global automotive piston rings market comprise the below-mentioned:

  • MAHLE GmbH
  • Hunan ZhengYuanDongli Parts Co., Ltd.
  • Anhui Huan Xin Group Co., Ltd
  • Federal Mogul Corporation
  • Samkrg Pistons and Rings Ltd
  • Rheinmetall Automotive AG

Global Automotive Piston Rings Market:Key Trends

There are several market dynamics that are expected to shape the contours of the market over the assessment period, from 2019 to 2029. The presence of several drivers, restraints, and opportunities characterize the global automotive piston rings market.

Rising Demand to Meet Government Emission Standards to Boost Demand in the Market

Automotive piston rings are tasked with the prevention of evaporation of gas in the tank because gasoline is inclined toward evaporating at a considerably low temperature. It has been estimated that around 20% of the vehicular emission is the resultant of the evaporation process. As such, federal government has enforced regulations so as to avoid evaporation of gas in the environment. As such, it is anticipated that steel automotive piston rings will gain traction because manufacturers are increasingly adopting high-end piston rings that meet government standards for diminished vehicle emission. Growing demand to meet government standard is likely to foster growth of the global automotive piston rings market over the tenure of projection, from 2019 to 2029.

Global Automotive Piston Rings Market: Geographical Analysis

In the global automotive piston rings market, it is expected that Asia Pacific will account for a sizeable chunk of the market over the projection period, from2019 to 2029. The growth of the Asia Pacific region is ascribed to the flourishing automotive business and increasing disposable income of the people. In addition, growth awareness about the harmful automotive emissions is likely to play an important role in the development of the regional market.

The global automotive piston rings market is segmented as:

Vehicle Type

  • Two-Wheeler
  • Passenger Vehicle
  • Commercial Vehicle

Type

  • Compression Rings
  • Scraper Rings (Wiper Ring)
  • Oil Control Rings

Material

  • Cast Iron
  • Stainless Steel

Engine Type

  • Two-Stroke
  • Four-Stroke

Sales Channel

  • OEMs
  • Aftermarket

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?