Involving dozens of activities related to maintenance and crucial supply chains, piston rings aftermarket currently nears US$ 880 Mn. The market will remain influenced by the cyclical trend in automotive industry, further complemented by growing frequency of new product launches.
A new research study published by Persistence Market Research (PMR) opines that the automotive piston rings aftermarket is experiencing significant changes in terms of volume, with flat sales in the U.S. and Western Europe. Increasing significance of emerging markets in Russia, China, and India offers a new dimension to aftermarket sales of piston rings.
Given the fact that the piston rings aftermarket business creates attractive revenues and margins, aftermarket activities will continue to gain prominence in both established and emerging markets. During the course of projection (2019-2029), global sales of piston rings in aftermarket are expected to expand at a moderate 4% CAGR.
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FACTS AT A GLANCE
Companies: Federal-Mogul LLC,MAHLE Aftermarket GmbH,Nippon Piston Ring co., Ltd.,Hastings Manufacturing Company, LLC,Grover Corporation,Riken Corporation,Cook Compression,Kolbenring India,Nanjing Fayn Piston Ring Co., Ltd.,NM-Germany GmbH,FINIMPIANTI S.r.l.,Asimco Shuanghuan Piston Ring (yizheng) Co., Ltd,Yoosung Enterprise Co., Ltd.,Grant Piston Rings,IP Rings Limited
Coverage: All major geographies and key segments
Segments: Piston Rings Aftermarket Segmented By Aftermarket Motorcycle Piston Rings in Compression Rings, Oil Ring and Grey Cast Iron, Chromium Steel Material Used in Passenger Cars and Two-wheeler Vehicle
Geographies: North America (U.S., Canada),Latin America (Mexico, Brazil, Argentina, Chile, Peru),Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe),CIS and Russia,Asia-Pacific (China, India, ASEAN, South Korea),Japan,Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
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ABSTRACT-
This PMR study offers an analysis and forecast of the global Piston Rings Aftermarket between 2019 and 2029. The piston rings aftermarket study considers 2018 as the base year, with market values estimated for 2019, and a forecast developed for the duration between 2019 and 2029. Compound Average Growth Rate (CAGR) has been represented from 2019 to 2029. The study covers various perspectives of the global piston rings aftermarket, including market dynamics, value chain, pricing analysis, competition analysis, regional, and segmental growth comparison, and macro-economic along with segment level projections in a comprehensive manner. Increasing investments for material development and enhancing production capacities will play a pivotal role in the development of piston rings aftermarket.
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This Persistence Market Research report carefully analyses the piston rings aftermarket at a global and regional level, through market segmentation on the basis of key parameters such as product, material, vehicle, wheel, and sales channel. The primary objective of the report is to offer key insights on market updates, competition positioning, growth rates, and other relevant information, and statistics in a suitable manner to the readers or various stakeholders in the piston rings aftermarket. Subsequently, the study aims to analyze the most recent trends, dynamics, and potential strategies in the global piston rings aftermarket.
The report is structured to allow readers to develop a thorough understanding of the piston rings aftermarket. It begins with market definitions, which are followed by the market background, market dynamics, and market analysis by key segments, regional analysis, and competition landscape. Each section covers a qualitative and quantitative assessment of the piston rings aftermarket on the basis of facts, historical developments, and key opinions collected from industry participants through dedicated interviews and trends in the piston rings aftermarket.
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