Market Overview:
The global piston ring market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for passenger cars, LCVs, HCVs, SUVs, sports cars and two wheelers across the globe. Additionally, rising awareness about vehicle maintenance and replacement of parts is also propelling the growth of this market. Piston rings are used in internal combustion engines for sealing purposes between the piston and cylinder wall. They are made up of materials such as gray cast iron, ductile iron or SAE 9254 steel depending on their application.
Product Definition:
A piston ring is a split metal band that fits around the piston in an engine. Its purpose is to keep the oil and fuel inside the engine while it is running.
Gray Cast Iron:
Gray cast iron is a type of industrial cast iron. It has higher carbon content than the standard variety and hence it gets darker with time. Gray cast iron can be used in applications where high strength and wear resistance are required, such as gear boxes, piston rings, heavy machinery tires or car cylinder heads.
Ductile Iron:
Ductile iron is a form of cast iron. It has low carbon content and is usually alloyed with chromium, molybdenum, silicon or manganese. Ductile irons are used in the manufacture of piston rings as they can be heated to their malleable stage and then bent into the required shape without any risk of cracking or breaking.
Application Insights:
The passenger cars segment accounted for the largest market share of over 30% in 2017. Growing demand for fuel-efficient vehicles, coupled with government initiatives to promote electric vehicles, is expected to drive the demand for piston rings in this application segment over the forecast period.
LCV is projected to be one of the fastest growing segments at a CAGR of XX% from 2018 to 2030 owing to increasing manufacturing capacities across countries such as China, India and Brazil which are likely provide ample opportunity for growth on account of increasing production volumes coupled with high product demand. HCVs are also anticipated witness significant growth on account of rising adoption rates among commercial entities such as logistics companies and public transport authorities which require heavy vehicle engine components including piston rings. The sports car segment accounted for a considerable market share in 2017 owingto increased production units globally due mainlyto strong consumer spending capabilities particularlyin major markets like U.S.
Regional Analysis:
Asia Pacific dominated the global market in terms of revenue in 2017. The region is expected to witness significant growth over the forecast period owing to rapid industrialization and increasing per capita income levels. In addition, rising demand for passenger cars and commercial vehicles is anticipated to drive industry expansion over the coming years.
The automotive sector has witnessed tremendous growth in India on account of increased consumer purchasing power, growing population, and supportive government initiatives aimed at boosting domestic manufacturing capabilities.
North America accounted for a major share owing mainly high product penetration rates coupled with favorable regulations pertaining towards vehicle safety standards across various countries such as U.S., Mexico, Canada etcetera are some factors attributing towards regional growth trends observed during 2017-18 fiscal year.
Growth Factors:
- Increasing demand for piston ring in the automotive industry as it helps in improving the engine performance.
- Rising demand for fuel-efficient and low-emission vehicles, which is expected to boost the growth of piston ring market.
- Growing popularity of diesel engines, especially in developing countries, is anticipated to drive the growth of piston ring market during forecast period.
- Increasing investments by key players in research and development activities to develop new and innovative products is projected to propel the growth of Piston Ring market over next few years
Scope Of The Report
Report Attributes
Report Details
Report Title
Piston Ring Market Research Report
By Type
Gray Cast Iron, Ductile Iron, SAE 9254 Steel
By Application
Passenger Cars, LCV, HCV, SUVs, Sports Cars, Two Wheelers, Cranes/Earth Movers, Generators/Stationary Engines, Marine Engines
By Companies
MAHLE, TPR, Federal-Mogul Burscheid, Riken, Rheinmetall, Aisin Seiki, Hitachi Automotive Systems, Art Metal, PT Astra Otoparts, Honda Foundry, MAHLE
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
160
Number of Tables & Figures
112
Customization Available
Yes, the report can be customized as per your need.
Global Piston Ring Market Report Segments:
The global Piston Ring market is segmented on the basis of:
Types
Gray Cast Iron, Ductile Iron, SAE 9254 Steel
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Cars, LCV, HCV, SUVs, Sports Cars, Two Wheelers, Cranes/Earth Movers, Generators/Stationary Engines, Marine Engines
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- MAHLE
- TPR
- Federal-Mogul Burscheid
- Riken
- Rheinmetall
- Aisin Seiki
- Hitachi Automotive Systems
- Art Metal
- PT Astra Otoparts
- Honda Foundry
- MAHLE
Highlights of The Piston Ring Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Gray Cast Iron
- Ductile Iron
- SAE 9254 Steel
- By Application:
- Passenger Cars
- LCV
- HCV
- SUVs
- Sports Cars
- Two Wheelers
- Cranes/Earth Movers
- Generators/Stationary Engines
- Marine Engines
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Piston Ring Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A piston ring is a component of an engine that helps to smooth the motion of the pistons. It's made from metal and has a series of small, circular holes in it. The pistons move through these holes, which help to reduce friction and make the engine run more smoothly.
Some of the major companies in the piston ring market are MAHLE, TPR, Federal-Mogul Burscheid, Riken, Rheinmetall, Aisin Seiki, Hitachi Automotive Systems, Art Metal, PT Astra Otoparts, Honda Foundry, MAHLE.
The piston ring market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Piston Ring Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Piston Ring Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Piston Ring Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Piston Ring Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Piston Ring Market Size & Forecast, 2020-2028
4.5.1 Piston Ring Market Size and Y-o-Y Growth
4.5.2 Piston Ring Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Gray Cast Iron
5.2.2 Ductile Iron
5.2.3 SAE 9254 Steel
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Passenger Cars
6.2.2 LCV
6.2.3 HCV
6.2.4 SUVs
6.2.5 Sports Cars
6.2.6 Two Wheelers
6.2.7 Cranes/Earth Movers
6.2.8 Generators/Stationary Engines
6.2.9 Marine Engines
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Piston Ring Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Piston Ring Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Gray Cast Iron
9.6.2 Ductile Iron
9.6.3 SAE 9254 Steel
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Passenger Cars
9.10.2 LCV
9.10.3 HCV
9.10.4 SUVs
9.10.5 Sports Cars
9.10.6 Two Wheelers
9.10.7 Cranes/Earth Movers
9.10.8 Generators/Stationary Engines
9.10.9 Marine Engines
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Gray Cast Iron
10.6.2 Ductile Iron
10.6.3 SAE 9254 Steel
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Passenger Cars
10.10.2 LCV
10.10.3 HCV
10.10.4 SUVs
10.10.5 Sports Cars
10.10.6 Two Wheelers
10.10.7 Cranes/Earth Movers
10.10.8 Generators/Stationary Engines
10.10.9 Marine Engines
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Gray Cast Iron
11.6.2 Ductile Iron
11.6.3 SAE 9254 Steel
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Passenger Cars
11.10.2 LCV
11.10.3 HCV
11.10.4 SUVs
11.10.5 Sports Cars
11.10.6 Two Wheelers
11.10.7 Cranes/Earth Movers
11.10.8 Generators/Stationary Engines
11.10.9 Marine Engines
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Gray Cast Iron
12.6.2 Ductile Iron
12.6.3 SAE 9254 Steel
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Passenger Cars
12.10.2 LCV
12.10.3 HCV
12.10.4 SUVs
12.10.5 Sports Cars
12.10.6 Two Wheelers
12.10.7 Cranes/Earth Movers
12.10.8 Generators/Stationary Engines
12.10.9 Marine Engines
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Gray Cast Iron
13.6.2 Ductile Iron
13.6.3 SAE 9254 Steel
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Passenger Cars
13.10.2 LCV
13.10.3 HCV
13.10.4 SUVs
13.10.5 Sports Cars
13.10.6 Two Wheelers
13.10.7 Cranes/Earth Movers
13.10.8 Generators/Stationary Engines
13.10.9 Marine Engines
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Piston Ring Market: Competitive Dashboard
14.2 Global Piston Ring Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 MAHLE
14.3.2 TPR
14.3.3 Federal-Mogul Burscheid
14.3.4 Riken
14.3.5 Rheinmetall
14.3.6 Aisin Seiki
14.3.7 Hitachi Automotive Systems
14.3.8 Art Metal
14.3.9 PT Astra Otoparts
14.3.10 Honda Foundry
14.3.11 MAHLE
