Global Market Study on Automotive Piston Rings: Asia Pacific to Remain Potential Revenue Pocket


Piston Ring  Market
  • Report code : PMRREP22015 |
  • Industry : Automotive |
  • Published On : Jan-2019 |
  • Pages : 185 Pages |
  • Format :

Persistence Market Research (PMR) analyzes the automotive piston rings market in its new publication titled ‘Automotive Piston Rings Market: Global Industry Analysis 2013–2018 and Forecast 2019–2027’. This study provides data for 2018 along with a forecast for the period 2019–2027. The main objective of the automotive piston rings market report is to identify dynamics in the market and provide recent updates and insights affecting the various segments of the global automotive piston rings market. To provide a better understanding of the automotive piston rings market, the report also includes the analysis of drivers, restraints and trends across six regions/countries, namely North America, Latin America, Europe, Asia Pacific Excluding Japan, Japan and Middle East & Africa, that influence the current automotive piston rings market scenario as well as are capable of affecting the future status of the global automotive piston rings market over the forecast period.

Material Type

Vehicle Type

  • Cast Iron Piston Rings
  • Steel Piston Rings
  • Compact Cars
  • Mid-Size Cars
  • SUV Cars
  • Luxury Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles
  • Motorcycles
  • Scooters

Engine Type

Sales Channel

  • Gasoline Engine
  • Diesel Engine
  • OEM (Original Equipment Manufacturer)
  • Aftermarket

Region

  • North America
  • Latin America
  • Europe
  • Japan
  • Asia Pacific Excluding China
  • Middle East & Africa

To understand and assess the automotive piston rings market opportunities and trends, the global automotive piston rings market report has been categorically split into different sections based on the material type, engine type, vehicle type, sales channel and region. The automotive piston rings market report starts with a market overview and provides market definition and taxonomy along with value chain, pricing analysis, drivers, restraints and trends in the market. The sections that follow include the global automotive piston rings market analysis by material type, engine type, vehicle type, sales channel and region.

All the above sections evaluate the aftermarket on the basis of various factors affecting the aftermarket size. Each section discusses the qualitative and quantitative aspects of the global automotive piston rings market. To give a brief idea about revenue opportunities from battery type, application, distribution channel, end use and region segments, the report also provides market value, absolute $ opportunity and total incremental opportunity for each segment over the forecast period (2019–2027).

In the final section of the automotive piston rings market report, a competitive analysis of the automotive piston rings market has been included to provide report audiences with a dashboard view categorized on the basis of providers present in the value chain, their presence in the automotive piston rings market and key differentiating features and strategies. The primary type of providers covered in this automotive piston rings market report include automotive piston rings’ suppliers and manufacturers. This section is mainly designed to provide clients with the key information regarding players in the value chain of the automotive piston rings market. Report audiences can gain segment-specific vendor insights to identify and evaluate key competitors on the basis of the in-depth assessment of their capabilities and success in the automotive piston rings market. Detailed profiles of providers have also been included under the scope of the report to evaluate their long- and short-term strategies, key offerings and recent developments in the automotive piston rings market. Some of the keys players in the automotive piston rings market are Federal Morgul, Mahle GmbH, Nippon Piston Rings Co., Ltd., Riken Corporation, TPR Co., Ltd, Asimco, IP Rings Ltd, Hunan Zhengyuan Piston Ring Co., Ltd and Shriram Pistons & Rings Ltd.

Research Methodology

For the automotive piston rings market data analysis, we have considered 2017 as the base year, with market numbers estimated for 2018 and a forecast made for 2019–2027. To calculate the market size, the report considers the weighted average price of automotive piston rings based on sales channel, material type and vehicle type across key geographies on a country basis. The forecast evaluates the total revenue (US$ Mn) and volume (‘000 Units) of the global automotive piston rings market.

To deduce market value size, the cost of each vehicle type sub-segment has been considered along with the variation in price in OEM and aftermarket segments. In order to provide an accurate forecast, we started by sizing up the current market, which forms the basis of how the global automotive piston rings market is expected to develop in the future. The critical market data, including the base number and segment splits, has been devised through in-depth secondary and primary research. This data was then triangulated on the basis of different verticals, considering both supply-side and demand-side drivers and other dynamics of the various regional markets along with the primary interviews of manufacturers and industry experts operating in the global automotive piston rings market. The forecast presented in the report evaluates the actual cost of automotive piston rings and the cost by brands in the global automotive piston rings market over the forecast period.

We have also analyzed the different segments of the global automotive piston rings market in terms of basis point share (BPS) to understand every individual segment’s relative contribution to market growth. This detailed level of information is important for identifying the various key trends governing the global automotive piston rings market. The report also analyses the global automotive piston rings market on the basis of absolute dollar opportunity. This is usually overlooked while estimating the market forecast; however, from a sales perspective, it is essential to identify the potential resources in the automotive piston rings market. 

PMR has developed a market attractiveness index to understand the key segments in terms of their performance and growth in the global automotive piston rings market. This market attractiveness index would help clients identify real market opportunities in the global automotive piston rings market.

Analyst’s Pick

Automotive Piston Rings Market is Fairly Consolidated

The automotive piston rings market report is a collection of key information derived from extensive primary & secondary research. The primary research plays a crucial part in understanding the present market scenario as well as trends of the automotive piston rings market. The secondary research along with our paid data sources help us in verifying the market size as well as the demographic change and changing automotive landscape of every region. The aftermarket for automotive piston rings is dependent on replacement rate of piston rings in automobiles in the active fleets on road.

Global sales of automotive piston rings reached ~450 million units (Sets) in 2017, which are expected to increase at a promising 4.4% CAGR through 2027. The sales are likely to equate ~660 million units (Sets) towards the end of projection period, 2019-2027. 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.  

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.

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.

piston ring market

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?

Key Players Operating in Automotive Piston Rings Market

Some of the key market participants reported in this study on the automotive piston rings are Federal Morgul, Mahle GmbH, Nippon Piston Rings Co., Ltd., Riken Corporation, TPR Co., Ltd, Asimco, IP Rings Ltd, Hunan Zhengyuan Piston Ring Co., Ltd, Shriram Pistons & Rings Ltd., Abilities India Pistons & Rings Ltd., SAMKRG, Grover Corporation., and Anhui Ring New Group, among others.

Company Profiles

  • ASIMCO
  • Federal-Mogul LLC
  • MAHLE GmbH
  • NIPPON PISTON RING Co., Ltd.
  • RIKEN CORPORATION
  • IP Rings
  • Shriram Pistons & Rings Ltd.
  • TPR Co., Ltd
  • Hunan ZhengYuanDongli Parts Co., Ltd.
  • SamKrg
  • Anhui Ring New Group Co., Limited (ARN)
  • Grover Corporation
  • Abilities India PIston & Rings LTd.
  • Others.
Back To Top