The global market for Automotive Piston Rings is estimated at US$2.7 Billion in 2023 and is projected to reach US$3.9 Billion by 2030, growing at a CAGR of 5.7% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The market for automotive piston rings is also influenced by the rise in the adoption of electric vehicles (EVs). Furthermore, the aftermarket for automotive piston rings remains strong, driven by the need for engine maintenance and overhaul in older and second-hand vehicles. As vehicle lifespans increase, the demand for replacement parts, including piston rings, provides a steady revenue stream for manufacturers. Looking forward, the automotive piston rings market is expected to evolve with the automotive industry`s shift towards more sustainable and efficient technologies, maintaining its relevance in both traditional and hybrid powertrain contexts.
The market for automotive piston rings is also influenced by the rise in the adoption of electric vehicles (EVs). Furthermore, the aftermarket for automotive piston rings remains strong, driven by the need for engine maintenance and overhaul in older and second-hand vehicles. As vehicle lifespans increase, the demand for replacement parts, including piston rings, provides a steady revenue stream for manufacturers. Looking forward, the automotive piston rings market is expected to evolve with the automotive industry`s shift towards more sustainable and efficient technologies, maintaining its relevance in both traditional and hybrid powertrain contexts.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Cast Iron Piston Rings segment, which is expected to reach US$2.9 Billion by 2030 with a CAGR of a 6.1%. The Steel Piston Rings segment is also set to grow at 4.7% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $702.9 Million in 2023, and China, forecasted to grow at an impressive 8.5% CAGR to reach $879.0 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Automotive Piston Rings Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Automotive Piston Rings Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Automotive Piston Rings Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Abilities India Pistons & Rings Ltd., Asimco Technologies Group Limited, Grover Corporation, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 258 Featured):
- Abilities India Pistons & Rings Ltd.
- Asimco Technologies Group Limited
- Grover Corporation
- IP Rings Ltd.
- MAHLE GmbH
- Nippon Piston Ring Co., Ltd.
- Riken Corporation
- SAMKRG PISTONS AND RINGS LIMITED
- Shriram Pistons & Rings Ltd.
- TPR Co., Ltd.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAITALYSPAINRUSSIAREST OF EUROPESOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Abilities India Pistons & Rings Ltd.
- Asimco Technologies Group Limited
- Grover Corporation
- IP Rings Ltd.
- MAHLE GmbH
- Nippon Piston Ring Co., Ltd.
- Riken Corporation
- SAMKRG PISTONS AND RINGS LIMITED
- Shriram Pistons & Rings Ltd.
- TPR Co., Ltd.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 392 |
| Published | July 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 2.7 Billion |
| Forecasted Market Value ( USD | $ 3.9 Billion |
| Compound Annual Growth Rate | 5.7% |
| Regions Covered | Global |
