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Piston Ring Market Latest Innovations, Drivers and Industry Key Events 2017-2027 | ASIMCO,Federal-Mogul LLC,MAHLE GmbH,NIPPON PISTON RING ,RIKEN CORPORATION,IP Rings,Shriram Pistons & Rings,Hunan ZhengYuanDongli Parts,Anhui Ring New Group Co.,Grover Corpo

Piston Ring Market Latest Innovations, Drivers and Industry Key

The global automotive piston rings market was pegged at US$ 444,754 ‘000 Units (Sets) in 2017 & is expected to growth at a CAGR of 4.4% during the forecast period to reach US$ 667,506 ‘000 Units (Sets) by the end of 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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Use of Automotive Piston Rings for Engine Emission Control

Automotive piston rings keep the gas in the tank and prevent it from evaporating as gasoline has a tendency to evaporate at a fairly low temperatures. It is estimated that about 20% of vehicular emission is the result of evaporation; thus, the federal government has imposed regulations in order to prevent the evaporation of gas in the atmosphere. Therefore, steel automotive piston rings are expected gain traction in the market as manufacturers are adopting advanced piston rings for vehicle engines to meet government standards such as the Euro 6 environmental standard that aims to reduce vehicle emission, in particular NOx (Nitrogen Oxide) and particulate matters. These factors are expected to fuel the growth of the automotive piston rings market.

Technological and Material Advancements in the Manufacturing of Automotive Piston Rings Key to Sustain Market Share

Growing interest towards green engine technologies is expected to increase the demand for powertrains in the coming years. In addition, downsizing of ICE (Internal Combustion Engine) is an efficient way to reduce gas emission from an automobile. For instance, the utilization of steel in the manufacturing of piston rings facilitates the manufacturing of thinner rings, which in turn offers a number of advantages. For instance, a lighter piston ring will seal against the groove more efficiently and a smaller radius offers better strength. Both the factors contribute to a reduction in the consumption of oil and thus, reduce the emission of volatile particulate matters. Thus, technological advancement in powertrain is an emerging trend in the automotive piston rings market.

Key Developments in the Automotive Piston Rings Market

The global automotive piston rings market is fairly consolidated with key manufacturers accounting for a substantial market share as of 2017. In the recent past, the automotive piston rings market has witnessed compelling advancements from key players such as Nippon Piston Ring Co., Ltd., Federal Mogul, MAHLE GmbH, Riken Corporation and ASIMCO, among others.

In October 2018, Federal Mogul, a prominent manufacturer of automotive piston rings was acquired by Tenneco
Nippon Piston Ring Co., Ltd. and ASIMCO Group's Yizheng Shuanghuan Piston Ring Co., Ltd. entered into a joint venture in 2013 to start a new company called Yizheng NPR ASIMCO Powder Metallurgical Manufacturing Co., Ltd.
Furthermore, key manufacturers in the global automobile piston rings market are significantly investing on research and development to develop lightweight products for controlling vehicle emission. These key developments are expected to boost the growth of the automotive piston rings market over the forecast period.

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Automotive Piston Rings Market: Competitive Landscape

The automotive piston rings market is fairly consolidated and Tier-1 players account for a significant share in the global automotive piston rings market. Organized players have strong presence in developing as well as developed regions. However, unorganized/tier-2&3 players in the automotive piston rings market are estimated to generate most of the revenue from the aftermarket as well as two-wheeler segment.

Overview of the Research Methodology

During the course of research we have conducted deep-dive analysis to develop a unique research methodology.

Defining key objectives pertaining to the automotive piston rings market during the course of research
Clearly defining the research scope as well as collecting and analyzing the data from secondary and primary research
Interpreting the gathered Information
Using triangulation method, validating the data and market size
Key Questions Answered in the Automotive Piston Rings Market Report

What is the historic (2013-2018) scenario of the automotive piston rings Market?

Which type of material is preferred in the manufacture of automotive piston rings?

What are the main factors that drive the growth of the automotive piston rings market?

What are the prominent trends in the automotive piston rings market?

What are some of the key forecast factors expected to affect the growth of the automotive piston rings market?

How competitive is the aftermarket and market share analysis of the top players in the automotive piston rings market?

How are the key players expected to drive the automotive piston rings market in the next 8 to 10 years?

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Table Of Content:
Chapter 1 Global Automotive Piston Rings Market - Executive Summary

Chapter 2 Global Automotive Piston Rings Market Overview
2.1. Introduction
2.1.1. Global Automotive Piston Rings Market Taxonomy
2.1.2. Global Automotive Piston Rings Market Definition
2.2 Wheel of Fortune
2.2. Global Automotive Piston Rings Market Size (US$ Mn & Volume) and Forecast, 2013-2027
2.2.1. Global Automotive Piston Rings Market Y-o-Y Growth
2.3. Global Automotive Piston Rings Market Dynamics
2.4. Value Chain
2.5. Cost Structure
2.6. Pricing Analysis
2.7. Key Participants Market Presence (Intensity Map) By Region

Chapter 3 Global Automotive Piston Rings Market Analysis and Forecast 2013-2027
3.1. Global Automotive Piston Rings Market Size and Forecast By Material Type, 2013-2027
3.1.1. Cast Iron Piston Rings Market Size and Forecast, 2013-2027
3.1.1.1. Revenue (US$ Mn) & Volume Comparison, By Region
3.1.1.2. Market Share Comparison, By Region
3.1.1.3. Y-o-Y growth Comparison, By Region

Chapter 4 North America Automotive Piston Rings Market Size and Forecast, 2013-2027
4.1. Revenue (US$ Mn) & Volume Comparison, By Country
4.2. Revenue (US$ Mn) & Volume Comparison, By Material Type
4.3. Revenue (US$ Mn) & Volume Comparison, By Engine Type
4.4. Revenue (US$ Mn) & Volume Comparison, By Vehicle Type
4.5. Revenue (US$ Mn) & Volume Comparison, By Sales Channel

Chapter 5 Latin America Automotive Piston Rings Market Size and Forecast, 2013-2027
5.1. Revenue (US$ Mn) & Volume Comparison, By Country
5.2. Revenue (US$ Mn) & Volume Comparison, By Material Type
5.3. Revenue (US$ Mn) & Volume Comparison, By Engine Type
5.4. Revenue (US$ Mn) & Volume Comparison, By Vehicle Type
5.5. Revenue (US$ Mn) & Volume Comparison, By Sales Channel

Chapter 6 Europe Automotive Piston Rings Market Size and Forecast, 2013-2027
6.1. Revenue (US$ Mn) & Volume Comparison, By Country
6.2. Revenue (US$ Mn) & Volume Comparison, By Material Type
6.3. Revenue (US$ Mn) & Volume Comparison, By Engine Type
6.4. Revenue (US$ Mn) & Volume Comparison, By Vehicle Type
6.5. Revenue (US$ Mn) & Volume Comparison, By Sales Channel

Chapter 7 Japan Automotive Piston Rings Market Size and Forecast, 2013-2027
7.1. Revenue (US$ Mn) & Volume Comparison, By Country
7.2. Revenue (US$ Mn) & Volume Comparison, By Material Type
7.3. Revenue (US$ Mn) & Volume Comparison, By Engine Type
7.4. Revenue (US$ Mn) & Volume Comparison, By Vehicle Type
7.5. Revenue (US$ Mn) & Volume Comparison, By Sales Channel

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About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

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