"Market Intelligence for High-Geared Performance"
The automotive piston rings are metal rings that are situated between the piston and the cylinder which allow the engine to function accurately. The main function of the automotive piston rings in a vehicle is that it seals the cylinder from the sides in order to protect the gas from leaking during combustion, also maintains the amount of lubricant, help release heat generated during ignition, and prevents the pistons from hitting the cylinder walls. Generally, each cylinder comprises of three automobile piston rings, one oil wiper piston ring, and two compression piston rings. The development of manufacturing technology, and the technological advancement in the materials as well as extensive adoption of internal combustion engines (ICEs) owing to the rising awareness concerning to the importance of curbing the carbon footprints are few of the many major factors that are most likely to create high demand opportunities for the automakers over the forecast period. The emission standards set by the government such as the Euro 6 environmental standard in Europe and BSVI emission standard in India are the standards that aims to reduce the emission of vehicles, precisely the Nitrogen Oxide (NOx) and other particulate matters. Thus, these factors are expected to fuel the growth of the automotive piston rings market.
Key Market Driver -
Growing sales and production of vehicles is expected to drive the growth of the market in the forecast period.
Key Market Restraint -
Increase in the adoption of disc brakes may hinder the growth of the market during the forecast period.
Globally, the automotive piston ring market is segmented by type, by vehicle type, and by geographic coverage. Based on type, the market is further segmented into ductile iron, grey cast iron, and steel.
The piston rings tends to wear out during to the constant up and down movement of the pistons in the cylinder bore owing to their own inherent weight and also owing to the gas pressures acting on the rings. In order to minimize this wearing, they are usually made of wear-resistant materials such as steel and cast iron and are treated or coated to improve the resistance to wear. The grey cast iron rings are used for making oil rings owing to their sustenance in high pressures and high strength characteristics. Steel piston rings are used to seal the walls of the cylinder in order to eliminate the risk of gas evaporation. It is estimated that around 20% of the evaporation vehicular emissions results in evaporation. Thus, the central government has imposed emission standards to reduce the rate of gas evaporation in the atmosphere. Consequently, steel automotive piston rings are most likely to gain high traction in the global market as the automotive manufacturers are integrating advanced automotive piston rings in vehicle engines to meet the government standards. Therefore, these factors are expected to boost the growth of the automotive steel piston rings market. The vehicle type is further segmented into passenger cars and commercial vehicles. The passenger cars segment holds the major share in the global market owing to the increasing income levels and improvement in the living standards which is leading to increasing demand for personal cars. Also, the rapid growth in the sales and production of passenger cars is expected to fuel the growth of the automotive piston ring market in passenger cars segment.
Major players operating in the global automotive piston ring market include Federal Mogul Corporation, Shriram Pistons & Rings Ltd., IP Rings Ltd., MAHLE GmbH, Samkrg Pistons & Rings, Omega Pistons, Hunan ZhengYuanDongli Parts Co., Ltd., Anhui Huan Xin Group Co., Ltd., RIKEN CORPORATION, and NIPPON PISTON RING Co., Ltd. among others.
Geographically, the automotive piston ring market is segmented into North America, Europe, Asia Pacific, and the rest of the world. Asia Pacific accounts for the largest share in the global market and is expected to uphold its leading position in the forecast period. Countries such as India, China, Vietnam, and Indonesia are the world’s largest contributors in the manufacturing of two wheelers owing to the high demographic rate, especially high number of young population which prefers two wheelers. Also, the sales and production of passenger cars in this region is the highest amongst other regions owing to the presence of leading automotive players. Also, the automotive companies are investing a high percentage of money to expand their production capabilities in the emerging countries of this region. Europe and North America also shows an exponential growth in the global automotive piston ring market owing to the increasing demand for passenger cars as well as expansion of industrialization which fuels the commercial vehicle market in North America.
To gain extensive insights into the market, Request for Customization
By Vehicle Type
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry