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Piston Rings After Market Analysis & Forecast with 2020

Piston Rings After Market

By Mitchell BelsteadPublished 4 years ago 6 min read
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Piston Rings After Market Analysis & Forecast with 2020
Photo by Sabrinna Ringquist on Unsplash

Automotive Piston Rings Market: Introduction

Demand for automotive piston rings is increasing at a rapid pace in the automotive industry in order to avoid the presence of excess fuel in the engine cylinder. Piston rings are fitted in grooves on the outer perimeter of a piston of a reciprocating engine.

Key functions of piston rings include sealing the combustion chamber, transfer of heat generated in the combustion chamber to cylinder wall, and control the oil consumption of an engine. Piston rings come in contact with the cylinder wall and have to withstand constant pressure during the operation of the engine. They create a barrier between the combustion chamber and cylinder through an applied and inherent pressure force.

A two-stroke engine contains two piston rings, while a four-stroke engine contains three piston rings. The piston ring closest to the cylinder head is called compression ring, followed by a scraper (wipe) ring, while the third ring is called oil control ring. The oil control ring is not present in a two-stroke engine, since oil is fed along with gasoline directly into the combustion chamber.

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Key drivers of global automotive piston rings market

A compression piston ring transfers the heat generated in the combustion chamber to the cylinder wall, which amounts to approximately 70% of the total heat generated in the combustion chamber. This ring is subjected to constant pressure during the operation of the engine owing to fuel combustion and gases formed in the combustion chamber. When a compression ring wears out or malfunctions, the gases generated after combustion are likely to pass through the combustion chamber, causing an imbalance in the air-fuel mixture ratios. This, in turn, leads to inefficient fuel combustion, causing an increase in emissions of gases such as CO2 and NOX. Stringent rules and legislations regarding air pollution are being enacted in countries worldwide. For instance, China Air Pollution Control Law, China, Environment Protection Act, India and the Air Pollution Control Act, Japan among others are being enforced in order to reduce air pollution.

National Highway Traffic Safety Administration, USA has passed a federal regulation that mandates automakers to increase fuel-efficiency of their vehicles. These regulations are driving the development of automotive piston rings that are thermal-efficient and can withstand larger pressures subjected by combustion chambers, preventing leakage of gases from combustion chambers.

Rise in trend toward manufacture of a lightweight internal combustion engine prompts the downsizing of various IC-engine components including engine cylinder, piston, piston rings, crank, and crank shaft. For instance, using a cast aluminum alloy piston and stainless steel piston rings reduces the weight of an ICE assembly. This reduced weight is likely to increase the fuel-efficiency of an engine and subsequently, boost the automotive piston ring market.

Lightweight piston rings fit tightly against the cylinder wall, ensuring a tightly sealed combustion chamber, which also prevents oil from entering the combustion chamber, and subsequently, reducing oil consumption. This, in turn, prevents leakage of combustion gases from the combustion chamber, resulting in optimal fuel consumption, thereby propelling the automotive piston ring market.

Increasing popularity of electric vehicles to hamper automotive piston rings market

Air pollution caused due to emissions from automotive and other industries is major reason for poor air quality and climate change, which results in global warming. This has prompted governments, organizations, and regulatory authorizes across the globe to enact stringent rules and regulations on vehicles and industries to curb air pollution.

Consequently, automakers are investing heavily on research and development of electric vehicles. For instance, BMW, Audi, Hyundai, Toyota are a few key players who have tested their electric vehicles.

Electric vehicles do not use gasoline or diesel for engine propulsion. These vehicles emit neither gases nor pollutants. Furthermore, the cost per mile for an electric vehicle is significantly low, as compared to that of traditional gasoline or diesel operated engines. Therefore, preference toward electrical vehicles is rising, globally, which in turn is likely to hamper the global automotive piston rings market.

Asia Pacific to account for significant share of global automotive piston rings market

Total sales of two-wheelers in the world stood at approximately 62 million units in 2018. Of these 62 million units, countries in Asia Pacific, such as India, China, Indonesia, and Vietnam, accounted for approximately 21.5 million, 15.5 million, 6.38 million, and 3.39 million units, respectively, contributing to the large share of total global sales of two wheelers.

Presence of a large number of domestic OEMs and aftermarket players in Asia Pacific who manufacture two-wheeler, passenger cars, and commercial vehicles and stringent government norms & regulations enacted in countries in Asia Pacific to curb air pollution are key factors propelling the demand for fuel-efficient ICEs and their components.

All the factors mentioned above are projected to significantly boost the automotive piston rings market in Asia Pacific

Key players operating in global automotive piston rings market

The global automotive piston rings market is highly concentrated owing to the presence of top manufacturers. A few of the key players operating in the global automotive piston rings market are:

Federal Mogul Corporation

MAHLE GmbH

Grover Corporation

Anhui Huan Xin Group Co., Ltd.

Samkrg Pistons & Rings

India Pistons & Rings Ltd.

Shriram Pistons & Rings Ltd.

Hunan ZhengYuanDongli Parts Co., Ltd.

ASIMCO

TPR CO., LTD.

RIKEN CORPORATION

NIPPON PISTON RING Co., Ltd.

IP Rings Ltd.

Omega Pistons

Samkrg Pistons & Rings

Grant Piston Rings

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Global Automotive Piston Rings Market: Research Scope

Global Automotive Piston Rings Market, by Vehicle Type

Two-Wheeler

Passenger Vehicle

Commercial Vehicle

Global Automotive Piston Rings Market, by Type

Compression Rings

Scraper Rings (Wiper Ring)

Oil Control Rings

Global Automotive Piston Rings Market, by Material

Cast Iron

Stainless Steel

Global Automotive Piston Rings Market, by Engine Type

Two-Stroke

Four-Stroke

Global Automotive Piston Rings Market, by Sales Channel

OEMs

Aftermarket

Global Automotive Piston Rings Market, by Region

North America

U.S.

Canada

Europe

Germany

France

U.K.

Italy

Spain

Russia & CIS

Rest of Europe

Asia Pacific

China

Japan

India

ASEAN

Rest of Asia Pacific

Latin America

Brazil

Mexico

Rest of Latin America

Middle East & Africa

GCC

South Africa

Rest of Middle East & Africa

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

Market segments and sub-segments

Market trends and dynamics

Supply and demand

Market size

Current trends/opportunities/challenges

Competitive landscape

Technological breakthroughs

Value chain and stakeholder analysis

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market

Important changes in market dynamics

Market segmentation up to the second or third level

Historical, current, and projected size of the market from the standpoint of both value and volume

Reporting and evaluation of recent industry developments

Market shares and strategies of key players

Emerging niche segments and regional markets

An objective assessment of the trajectory of the market

Recommendations to companies for strengthening their foothold in the market

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