Global Automotive Piston Rings Market to Reach $3.9 Billion by 2030
The global market for Automotive Piston Rings estimated at US$2.2 Billion in the year 2022, is projected to reach a revised size of US$3.9 Billion by 2030, growing at a CAGR of 7.6% over the analysis period 2022-2030. Cast Iron, one of the segments analyzed in the report, is projected to record 8.1% CAGR and reach US$2.9 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Steel segment is readjusted to a revised 6.1% CAGR for the next 8-year period.The U.S. Market is Estimated at $600.6 Million, While China is Forecast to Grow at 11.4% CAGR
The Automotive Piston Rings market in the U.S. is estimated at US$600.6 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$879 Million by the year 2030 trailing a CAGR of 11.4% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.8% and 6.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.8% CAGR.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.
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- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
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Table of Contents
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 | May 2024 |
Forecast Period | 2020 - 2027 |
Estimated Market Value ( USD | $ 2 Billion |
Forecasted Market Value ( USD | $ 3.2 Billion |
Compound Annual Growth Rate | 6.9% |
Regions Covered | Global |