New York, Global Automotive Spacer Ring Market report from Global Insight Services is the single authoritative source of intelligence on Automotive Spacer Ring Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
An automotive spacer ring is a small, circular ring that is placed between the inner and outer races of a ball bearing. The spacer ring helps to keep the balls in place and prevents them from rubbing against each other. The spacer ring also helps to keep the bearing lubricated and prevents it from overheating.
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Key Trends
The automotive spacer ring market is witnessing a shift from conventional materials to advanced materials such as aluminum and composites.
This is owing to the increasing demand for lightweight and fuel-efficient vehicles. Moreover, the growing adoption of electric vehicles is expected to drive the demand for automotive spacer rings over the forecast period.
Key Drivers
There are several key drivers of the automotive spacer ring market.
One of the most important drivers is the increasing demand for vehicles with better fuel economy. In order to improve fuel economy, automotive manufacturers are looking for ways to reduce weight and improve aerodynamics.
Spacer rings are one of the ways in which these objectives can be achieved. Spacer rings are also used to improve the performance of turbocharged engines by reducing turbo lag.
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Market Segments
The Automotive Spacer Ring Market is segmented by vehicle type, material type, sales channel, and region. By vehicle type, the market is divided into passenger cars, mid-size vehicles, compact vehicles, SUVs, and others. Based on material type, it is bifurcated into nickel bronze, stainless steel, carbon steel, and others. On the basis of sales channel, it is classified into original equipment manufacturer (OEM) and aftermarket. Region-wise, the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.
Key Players
The Automotive Spacer Ring Market includes players such as Sick AG, WADE Drains, Crane Cams, Mondello Performance Products, Inc., KnitMesh Technologies, SPIROL, Eaton Corporation, Competition Cams, Inc., ARaymond, and L. Huyett (Shims).
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