November 01, 2021 10:15 ET | Source: Verified Market Research Verified Market Research
Boonton, New Jersey, UNITED STATES
Jersey City, New Jersey, Nov. 01, 2021 (GLOBE NEWSWIRE) -- Verified Market Research recently published a report, “Piston Rings Market” By Product (Gray Cast 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 USD 1,833.96 Million in 2020 and is projected to reach USD 2,254.11 Million by 2028, growing at a CAGR of 3.69% from 2021 to 2028.
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Global Piston Rings Market Overview
Piston rings are an essential part of the piston in an ICE engine. They are thin-walled, axially short circular cylinder that is mostly single-piece, slotted, and self-tightening. Piston rings are primarily used to seal the combustion chamber of a 2 stroke or a 4-stroke engine or marine engine. Its numbers and functionality differ based on the capacity or type of engine. For instance, in large 2 stroke engines, compression type piston rings are used to seal the combustion chambers, while on the other hand, marine diesel engines have three or more types of rings mounted on the perimeter of the piston that is similar to high capacity 4 stroke truck engine and utilize oil scraper rings.
The growth of the global piston ring is being driven by its increasing use for engine emission control. The piston rings help in keeping the gas in the tank and prevent it from evaporating as gasoline. The rapid technological advancements along with material advancements in the manufacturing of piston rings have triggered the growth of the global piston rings market. Furthermore, the increasing investment in research and development by manufacturers to develop lightweight products for controlling emission is boosting the growth of the global piston ring market.
However, some restraints are liming the growth of the global piston rings market. The latest trend of engine downsizing is restraining the growth of the global piston rings market. Also, the increasing demand for electric vehicles has negatively influenced the growth of the global Piston Rings Market.
The major players in the market are Tenneco Inc., Mahle GmBH TPR Co, Ltd., Riken Corporation among others.
Verified Market Research has segmented the Global Piston Rings Market On the basis of Product, Application, and Geography.
Automotive Piston Market By Piston Type (Trunk Piston, Slipper Piston), By Piston Coating Type (Dry Film Lubricating Coating Piston, Oil Shedding Coating Piston), By Vehicle Type (Commercial Vehicle, Heavy Commercial Vehicle), By Material (Aluminum, Steel), By Geography, Forecast, 2021-2028
Oil Accumulator Market By Type (Bladder Accumulator, Piston Accumulator, Diaphragm Accumulator), By Application (Blow Out Preventer & Well Head Control, Offshore rigs, Mud pumps), By Geography, Forecast, 2021-2028
Aerospace Lubricant Market By Oil (Gas Turbine oil, Piston Engine oil, Grease), By Application (Civil Aviation, Defense, Space), By Geography, Forecast, 2021-2028
Rotary Piston Vacuum Pumps Market By Product (Single-stage Rotary Piston Vacuum Pumps and Two-stage Rotary Piston Vacuum Pumps), By Application (Semiconductor & Electronic Industry, Chemical Industry, Laboratory Research, Food Industry, Machinery Industry, Aerospace & Military, and Others), By Geography, Forecast, 2021-2028
5 Best Automotive Piston Manufacturers’ success mantra to cheer motorheads
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