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Automotive Piston Rings Market to Surpass US$ 4.6 Billion by 2030, Fueled by 15.7% CAGR, Forecast Period 2024-2030

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Automotive Piston Rings Market to Surpass US$ 4.6 Billion by 2030, Fueled by 15.7% CAGR, Forecast Period 2024-2030

February 22
10:25 2024
Automotive Piston Rings Market to Surpass US$ 4.6 Billion by 2030, Fueled by 15.7% CAGR, Forecast Period 2024-2030
Automotive Piston Rings Market Set to Exceed US$ 4.6 Billion by 2030, Driven by Advancements in Engine Technology
The Automotive Piston Rings Market is anticipated to achieve a valuation of US$ 4.6 billion by 2030, driven by a remarkable Compound Annual Growth Rate (CAGR) of 15.7% during the forecast period from 2024 to 2030. This growth is propelled by the increasing demand for high-performance piston rings in the automotive industry, driven by advancements in engine technology and stringent emission regulations.

Synopsis

The global Automotive Piston Rings Market was valued at US$ 3521.8 million in 2023 and is anticipated to reach US$ 4588.7 million by 2030, witnessing a CAGR of 3.4% during the forecast period 2024-2030.

Automotive is a key driver of this industry. According to data from the World Automobile Organization (OICA), global automobile production and sales in 2017 reached their peak in the past 10 years, at 97.3 million and 95.89 million respectively. In 2018, the global economic expansion ended, and the global auto market declined as a whole. In 2022, there will wear units 81.6 million vehicles in the world. At present, more than 90% of the world’s automobiles are concentrated in the three continents of Asia, Europe and North America, of which Asia automobile production accounts for 56% of the world, Europe accounts for 20%, and North America accounts for 16%. The world major automobile producing countries include China, the United States, Japan, South Korea, Germany, India, Mexico, and other countries; among them, China is the largest automobile producing country in the world, accounting for about 32%. Japan is the world’s largest car exporter, exporting more than 3.5 million vehicles in 2022.

This report aims to provide a comprehensive presentation of the global market for Automotive Piston Rings, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Automotive Piston Rings.

Report Scope

The Automotive Piston Rings market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Automotive Piston Rings market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Automotive Piston Rings manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

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Market Segmentation

By Company

  • ASIMCO
  • Tenneco(Federal-Mogul)
  • MAHLE GmbH
  • NIPPON PISTON RING
  • RIKEN CORPORATION
  • IP Rings
  • Shriram Pistons & Rings
  • TPR
  • Hunan ZhengYuanDongli Parts
  • SamKrg
  • Anhui Ring New Group
  • Grover
  • Abilities India PIston & Rings

 

Segment by Type

  • Cast Iron Piston Rings
  • Steel Piston Rings

 

Segment by Application

  • Passenger Car
  • Commercial Vehicle

 

Production by Region

  • North America
  • Europe
  • China
  • Japan
  • South Korea
  • India

 

Consumption by Region

  • North America (United States, Canada)
  • Europe (Germany, France, U.K., Italy, Russia)
  • Asia-Pacific (China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia)
  • Latin America (Mexico, Brazil, Argentina)
  • Middle East & Africa (Turkey, Saudi Arabia, UAE)

 

Chapter Outline

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 2: Detailed analysis of Automotive Piston Rings manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.

Chapter 3: Production/output, value of Automotive Piston Rings by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.

Chapter 4: Consumption of Automotive Piston Rings in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.

Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.

Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 10: The main points and conclusions of the report.

Read More Related Research Reports:

Industrial Piston Rings Market: https://www.themarketreports.com/report/global-industrial-piston-rings-market-research-report

Piston Rings for Gasoline Engines Market: https://www.themarketreports.com/report/global-piston-rings-for-gasoline-engines-market-research-report

Piston Rings for Diesel Engines Market: https://www.themarketreports.com/report/global-piston-rings-for-diesel-engines-market-research-report

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