Piston Ring Market Overview:-
Piston Rings Market size was valued at USD 1,890.08 Million in 2021 and is projected to reach USD 2,762.73 Million by 2030, growing at a CAGR of 3.8% from 2023 to 2032.
The main purpose of piston rings is also to allow heat to transfer from the piston to the cylinder walls. Piston rings also regulate the oil flow to the rings and skirt and prevent too much oil from entering the chamber, which would otherwise waste energy and cause carbonization. With the shifts in demand in the global automotive sector, particularly for passenger and light vehicles, the piston ring market is undergoing change. The piston rings used in the piston assembly of petrol and diesel internal combustion engines (ICE) for a variety of models of regularly used cars and motorcycles are mostly employed in the latter category of vehicles.
In an ICE engine, piston rings are a crucial component. They are axially short, round, single-piece, thin-walled, slotted, and self-tightening cylinders. A 2 stroke, 4-stroke, or marine engine’s combustion chamber is generally sealed by piston rings. Depending on the size or type of engine, it has different numbers and functions. While maritime diesel engines feature three or more types of rings positioned on the circumference of the piston that are similar to high capacity 4 stroke truck engines and use oil scraper rings, huge 2 stroke engines, for example, use compression type piston rings to seal the combustion chambers.
The main purposes of automotive piston rings in a car are to seal the cylinder to avoid gas leaks during combustion, manage the amount of lubrication, dissipate heat generated during ignition, and prevent the piston from knocking against the cylinder walls. Three automobile piston rings, two compression piston rings, and an oil scraper piston ring typically make up each cylinder.
While a four-stroke engine has three piston rings, a two-stroke engine only has two. Compression ring, scraper (wipe) ring, and oil control ring are the three piston rings that are closest to the cylinder head. A two-stroke engine does not have an oil control ring since oil and fuel are delivered directly into the combustion chamber.
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Segmentation:-
Global Piston Ring Market: Major Players
Feiyan
United Engine & Machine
Federal-Mogul
Lane Automotive
ASIMCO ShuangHuan
Dwit
TPR
Hastings
SAMKRG
NPR
Mahle
Ekari
Omega Pistons
Hydra-Seal
RIKEN
Topline
Grant Piston Rings
Global Piston Ring Market: By Types
Compression Ring
Oil Ring
Others
Global Piston Ring Market: By Applications
Commercial Vehicles
Passenger Cars
Reasons to Purchase this Report
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight into the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years to come
