Global Piston Ring Market Growth 2023-2029

Global Piston Ring Market Growth 2023-2029

The principal function of the piston rings is to form a seal between the combustion chamber and the crankcase of the engine. The goal is to prevent combustion gases from passing into the crankcase and oil from passing into the combustion chamber. During the compression and power strokes, the compression ring seals the combustion gases and prevents blow-by. Although blow-by is not completely eliminated it is kept to an acceptable limit. During the compression and exhaust strokes the cylinder walls are lubricated with oil by throw off from the connecting rod bearings. Excess oil is wiped off by the piston rings. Not only does the oil ring have the responsibility of wiping the excess oil off the cylinder walls, but the job is also shared by all of the rings, leaving a fine layer of oil on the wall to provide lubrication for the following ring. As rings wear, the ability to perform these functions is decreased resulting in oil consumption and blow-by. When this happens it is time for a new set of rings.
LPI (LP Information)' newest research report, the “Piston Ring Industry Forecast” looks at past sales and reviews total world Piston Ring sales in 2022, providing a comprehensive analysis by region and market sector of projected Piston Ring sales for 2023 through 2029. With Piston Ring sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Piston Ring industry.
This Insight Report provides a comprehensive analysis of the global Piston Ring landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Piston Ring portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Piston Ring market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Piston Ring and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Piston Ring.
The global Piston Ring market size is projected to grow from US$ 2636.3 million in 2022 to US$ 2979.5 million in 2029; it is expected to grow at a CAGR of 2979.5 from 2023 to 2029.
Global key players of Piston Ring include MAHLE, Tenneco, Riken Corporation, NPR, Anhui Ring New Group and TPR, etc. Top five players occupy for a share about 63%. Asia-Pacific is the largest market, with a share about 54%, followed by Europe and North America. In terms of product, Cast Iron Piston Ring is the largest segment, with a share over 78%. In terms of application, OEM is the largest market, with a share over 73%.
This report presents a comprehensive overview, market shares, and growth opportunities of Piston Ring market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Cast Iron Piston Ring
Steel Piston Ring
Other
Segmentation by application
OEM
Aftermarket
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
MAHLE
Tenneco
Riken Corporation
NPR
Anhui Ring New Group
TPR
ASIMCO ShuangHuan
Shriram Pistons & Rings
Yoosung Enterprise
Feiyan Piston Ring
Hastings
Samkrg Pistons And Rings
Hua Min Nan Pei Group
IP Rings
Grant Piston Rings
Key Questions Addressed in this Report
What is the 10-year outlook for the global Piston Ring market?
What factors are driving Piston Ring market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Piston Ring market opportunities vary by end market size?
How does Piston Ring break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.