The demand for piston ring is driven by the basic need for engine emission control. As such, piston rings do maintain gas in tank, which helps in prevention from evaporation in the form of gasoline. Advancements are observed on both the fronts – material as well as technology, which is giving the end-users a better scope to choose.
Also, extensive research is being carried out regarding development of lightweight products to control emission. Persistence Market Research has mentioned about these facts along with figures through its report entitled “Piston Ring Market”.
Dispersion of Piston Ring Market
Persistence Market Research has dispersed the Piston ring market by product as ductile iron, gray cast iron, and SAE9254 steel. Application-wise, it’s HCV, LCV, sports cars, motorcycles, scooters, luxury cars, mid-size cars, compact cars, and SUVs. By type of engine, it’s diesel engine and gasoline engine.
How about staying Competitive?
Persistence Market Research has profiled the key players in piston ring market as follows:
- ASIMCO
- Federal-Mogul LLC
- MAHLE GmbH
- NIPPON PISTON RING Co., Ltd.
- Riken Corporation
- IP Rings
- Shriram Pistons & Rings Ltd.
- TPR Co., Ltd.
- Hunan ZhengYuanDongli Parts Co., Ltd.
- SamKrg
- Anhui Ring New Group Co., Ltd. (ARN)
- Grover Corporation
- Abilities India Piston & Rings Ltd.
Persistence Market Research has also not missed out on mentioning the latest developments in the piston ring market. For example – it has stated that Federal Mogul, in October 2018, got acquired by the player called Tenneco. Also, there is a new company named “Yizheng NPR ASIMCO Powder Metallurgical Manufacturing Co. Ltd.” out of a joint venture between Nippon and ASIMCO.
Piston ring market is slated to grow by leaps and bounds between 2021 and 2031 – Persistence Market Research
Want to Know More?
Persistence Market Research, a research and consulting firm, has published a market research report on the motorcycle market that contains global industry analysis of 2016–2020 and opportunity assessment for 2021–2031. The report provides in-depth analysis of the market through different segments, namely, product, technology, and region.
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