Automotive Engine Ring: Introduction

  • Engine rings are expandable rings that provide a seal between the piston and cylinder wall. Engine rings are generally made of cast iron, which possess elasticity that enables them to regains their original size and shape after removal of load.
  • Engine rings generally seal the combustion chamber in an engine cylinder, where the gases are compressed at high pressure. These rings help conduct the heat from the piston to the cylinder wall and return oil to the crankcase. Engine rings may vary in size and dimensions depending on engine design and cylinder material.

Key Drivers of Automotive Engine Ring Market

  • Engine rings transfers the heat generated in the combustion chamber to the cylinder walls, which comprises approximately 70% of the total heat generated in the engine. The National Highway Traffic Safety Administration USA mandates automotive manufacturers to increase the fuel efficiency of their vehicles. Engine rings can withstand at high temperature and pressure of combustion gases.
  • Rise in demand for lightweight engines is estimated to play key role in the engine rings market. Light weight engines entails reduction in the size of the components including piston, engine rings, and cylinder head. Pistons of aluminum alloy and engine rings of stainless steel contribute significantly toward reducing the weight of the engine.
  • Engine rings seal the combustion chamber from the cylinder wall, which also prevents the oil from entering into the cylinder wall. If the oil flows into the cylinder wall, it will mix with the burnt gases, which in turn would increase the emission of gases including Nitrogen oxide (NOX), Carbon Monoxide (CO) causing air pollution. Thus, engine rings help minimize air pollution. This results in optimal fuel consumption, which in turn is estimated to boost the engine rings market.

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Asia Pacific to Hold Significant Share of Global Automotive Engine Ring Market

  • The vehicle market in Asia Pacific witnessed significant expansion, around 86 million cars were sold, globally, in 2018. China accounts for nearly 30% of global vehicles sales India is the fourth-largest car market in the world, which was finally able to outsell Germany.
  • Engine rings market have significant growth in two wheeler market, two wheeler uses lightweight engines thus will boost engine rings market. In 2018, two wheeler total sales is about 62 million, which was 1.8% higher than the previous year. Asia Pacific includes countries such as India, China, Indonesia, and Vietnam, which witnessed significant increase in sales of 2-wheelers as well as passenger and commercial vehicles. All the factors mentioned above are projected to propel the engine rings market.

Key Players Operating in Automotive engine ring Market:

The automotive engine ring market is witnessing continuous expansion, as a large number of players operates in the market. A few of the key players operating in the automotive engine ring market are:

  • MAHLE GmbH
  • Federal Mogul Corporation
  • Grant Piston Rings
  • Grover Corporation
  • Hunan ZhengYuanDongli Parts Co., Ltd.
  • Anhui Huan Xin Group Co., Ltd.
  • Samkrg Pistons & Rings Ltd.
  • India Pistons & Rings Ltd.
  • Shriram Pistons & Rings Ltd.
  • ASIMCO Technologies Group Ltd.
  • TPR CO., LTD.
  • IP Rings Ltd.

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Global Automotive Engine Ring Market: Research Scope

Global Automotive Engine Ring Market, by Ring Type

  • Wiper or Napier Ring
  • Compression Ring
  • Oil control Ring

Global Automotive Engine Ring Market, by Vehicle Type

  • Two Wheeler
  • Passenger Vehicle
  • Commercial Vehicle

Global Automotive Engine Ring Market, by Material

  • Stainless Steel
  • Cast Iron

Global Automotive Engine Ring Market, by Engine Type

  • 2 stroke Engine
  • 4 stroke Engine

Global Automotive Engine Ring Market, by Fuel Type

  • Petrol
  • Diesel

Global Automotive Engine Ring Market, by Sales Channel

  • OEM
  • Aftermarket

Global Automotive Engine Ring Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Nordic Region
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Automotive Engine Ring Market