The piston is one of the most vital component of an automobile engine. The energy of an automobile’s engine is stored in the piston. Pistons are located in the cylinder block of an engine. The number of cylinders of an engine may vary. An intake valve injects a mixture of air and fuel inside the cylinder, where pressure is created as the piston returns to the top of cylinder after its completion of the previous cycle. When the pressure reaches the maximum level, the spark plug at the top of the cylinders ignites the gas and creates an explosion, sending the piston down very quickly. The energy created travels through the connecting rod which is situated at the bottom of piston. The linear motion is converted into rotational motion through the crankshaft, which is connected to the transmission and therefore allows the movement of wheels. Pistons can be of various sizes and materials, depending upon the cylinder bore of the motor. Proper piston size and material is extremely important for the maintenance of the required compression ratio.
Piston ring is an integral component of an automotive piston system. Pistons rings are of three types such as compression rings, wiper rings and oil rings. During the combustion in engine, compression rings seal the combustion chamber from any sort of leakages. A wiper ring is used to seal the combustion chamber further and clean the cylinder wall of excess oil. The combustion gases that penetrate through compression rings are stopped by wiper rings. An oil ring is required to clean the cylinder wall of excess oil during the piston movement.
The automotive piston system market can be classified by piston ring type, by material, by application and by geography. The piston ring type segment can be classified into compression rings, wiper rings and oil rings. By material, the market can be bifurcated into steel and aluminum and iron. By application, the market can be segregated as passenger vehicles, light commercial vehicles and heavy commercial vehicles. By geography, the market can be segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Rising trend of downsizing in automobile engines is the major factor driving the demand for lighter and efficient automotive piston systems. Due to environmental concerns and the requirement for fuel efficient vehicles, government of major countries are mandating the production of lighter automobile engines, which are eco-friendly and fuel efficient. Therefore, lighter and smaller automobile engines are influencing the growth of light weight piston systems. In addition, economic reforms in developing countries, growth in the global automotive sector and rising private equity investments in automotive piston system manufacturing companies across the world is set to influence the growth of this market positively. Moreover, increasing production of vehicles is also set to bolster the growth of this market globally. In terms of market revenue share, Asia Pacific is expected to hold the largest share by the end of forecast period followed by Europe, North America, Latin America and, Middle East and Africa.
The report also provides company market share analysis of the various industry participants. Acquisition is the main strategy being widely followed by leading market players. In case of an acquisition, the acquirer takes advantage of existing synergies. As a result, both companies are expected to emerge more profitable and stronger than before. Key players in the global automotive piston system market have been profiled and their company overview, financial overview, business strategies and recent developments have been covered in the report. Major market participants profiled in this report include: Mahle GmbH (Germany), Rheinmetall AG (Germany), Aisin-Seiki Co. Ltd. (Japan), Federal-Mogul Corporation (U.S.) and Hitachi Ltd. (Japan), among others.
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
- 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.