Market size of piston rings valued at $ 2,254.11 million,
Jersey City, New Jersey, November 01, 2021 (GLOBE NEWSWIRE) – Verified market research recently published a report, “Piston Rings MarketâBy product (gray iron, ductile iron, SAE 9254 steel, stainless steel), by application (automotive, passenger cars, sports cars, two-wheelers) and by geography. According to Verified Market Research, the global piston rings market size was valued at $ 1,833.96 million in 2020 and is expected to reach $ 2,254.11 million by 2028, with a CAGR of 3.69% from 2021 to 2028.
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202 – Slips
126 – Tables
37 – Figures
Overview of the Global Piston Rings Market
Piston rings are an essential part of the piston in an ICE engine. They are circular cylinders with thin wall, axially short, mainly one-piece, split and self-tightening. Piston rings are mainly used to seal the combustion chamber of a 2-stroke or 4-stroke engine or a marine engine. Its numbers and functions differ depending on the capacity or type of engine. For example, in large 2-stroke engines, compression piston rings are used to seal the combustion chambers, while on the other hand, marine diesel engines have at least three types of rings mounted on the perimeter of the piston, which is similar to high capacity. 4-stroke truck engine and use of oil scraper rings.
The growth of the piston ring worldwide is due to its increasing use for engine emission control. Piston rings help keep gas in the tank and prevent it from evaporating as gasoline. Rapid technological advancements along with advancements in materials in manufacturing piston rings have triggered the growth of the global piston rings market. In addition, the increasing investment in research and development by manufacturers to develop lightweight products to control emissions is driving the growth of the global piston rings market.
However, certain constraints are holding back the growth of the global piston rings market. The latest trend of downsizing of engines is restraining the growth of the global piston rings market. In addition, the growing demand for electric vehicles has negatively influenced the growth of the global piston rings market.
- Mahle announced the acquisition of the air conditioning business of Hitachi Astemo, Ltd. in Japan, Thailand and the United States.
The major players in the market are Tenneco Inc., Mahle GmBH TPR Co, Ltd., Riken Corporation, among others.
Verified market research segmented the global piston rings market on the basis of product, application, and geography.
- Piston Rings Market, By Product
- Grey font
- Ductile iron
- SAE 9254 steel
- Piston Rings Market, By Application
- Passenger cars
- port cars
- Two wheels
- Cranes / Terrestrials
- Stationary generators / motors
- Marine engines
- Piston Rings Market by Geography
- North America
- The rest of europe
- Asia Pacific
- Rest of Asia-Pacific
- Middle East and Africa
- Latin America
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