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Automotive Piston Rings Market to Grow at a Healthy CAGR of 4.4% and is Expected to Reach US$ 2,966.6 Million by the end of 2027 - Persistence Market Research


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Persistence Market Research Pvt. Ltd.

10 Jan, 2019, 12:30 GMT

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NEW YORK, January 10, 2019 /PRNewswire/ --

Sales of Steel Automotive Piston Rings to Increase on Account of Growing Demand for Lightweight Components

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Persistence Market Research (PRNewsfoto/Persistence Market Research Pvt.)

Persistence Market Research has conducted deep research on the Automotive Piston Rings market and collected key information through primary and secondary research. The report, "Automotive Piston Rings Market: Global Industry Analysis 2013-2018 and Forecast 2019-2027" covers latest comprehensive information, findings and analysis of the market for the intended study period and discusses historical as well as projected market statistics for the mentioned market segments across key geographies/regions and prominent countries. The Automotive Piston Rings Market report estimates that the steel automotive piston rings segment will drive the growth of the automotive piston rings market, in terms of both volume and value. The estimated value of the global Automotive Piston Rings market is approximately US$ 2,015.4 Mn in 2018 and the automotive piston rings market is projected to grow at a healthy CAGR of 4.4% and is expected to reach US$ 2,966.6 Mn by the end of 2027.

     (Logo: https://mma.prnewswire.com/media/661339/Persistence_Market_Research.jpg )

Growing Purchasing Power of Middle Class Population in Developing Countries to Boost Automotive Piston Rings Market Growth 

Bettering economic conditions in developing countries across the globe, increasing employment rate and disposable income and rise in dual income households are the primary drivers augmenting the demand for passenger cars, which in turn, is expected to accelerate the growth of the automotive piston rings market. Affordable price brackets for middle-class population and rising standard of living are some of the other factors that are driving the growth of the passenger cars and propelling the demand for automotive engine components, such as piston rings. For instance, due to increase in demand for passenger cars and upsurge in customer spending owing to increasing disposable income, the total production of passenger cars in Brazil increased by approximately 28% in 2017 as compared to the previous year.

Request For Report Sample: https://www.persistencemarketresearch.com/samples/22015

HCVs and LCVs find an extensive range of applications in various industries, such as construction and make various tasks, such as transportation of heavy machineries, raw materials and goods, easier. The Burgeoning e-commerce industry stands out as the most significant driver for the sales of commercial vehicles and will add to the growth of the global automotive piston rings market during the forecast period. Further, stabilizing economic conditions have resulted into increased construction activities, which in turn, will boost the sales of heavy duty vehicles, thereby propelling the demand for automotive engine components and thus, automotive piston rings over the forecast period.

Asia Pacific to Create Significant Growth Opportunities for Automotive Piston Rings Manufacturers Owing to Increasing Production of Two Wheelers and Passenger Cars 

Global Automotive Piston Rings Market Study : https://www.persistencemarketresearch.com/market-research/piston-ring-market.asp

The global Automotive Piston Rings market report states that in Asia Pacific, China is estimated to account for the dominant share in the market owing to increasing automobile fleet as well as production. This factor is estimated to drive the growth of the automotive piston rings market during the forecast period. China is estimated to grow at a healthy CAGR of 6.0% between 2019 and 2027. This global Automotive Piston Rings market study has taken into account various changes in different regions while forecasting the market, in terms of both value & volume. By vehicle type, the passenger car segment will play an important role in generating market revenue in the automotive piston rings. This segment is projected to hold dominant share in the Automotive Piston Rings market.

Automotive Piston Rings Market: Competitive Landscape 

Some of the key market participants reported in this study on the automotive piston rings are Federal Morgul, Mahle GmbH, Nippon Piston Rings Co., Ltd., Riken Corporation, TPR Co., Ltd, Asimco, IP Rings Ltd, Hunan Zhengyuan Piston Ring Co., Ltd, Shriram Pistons & Rings Ltd., Abilities India Pistons & Rings Ltd., SAMKRG, Grover Corporation., and Anhui Ring New Group, among others.

Download and View Report TOC, Figures and Tables @ https://www.persistencemarketresearch.com/methodology/22015


More from PMR's Automotive Intelligence:

  • Automotive Lithium Ion Battery Pack Market Segmented by (By Battery Capacity - Less than 20 KWH, 21-40, more than 41; By Vehicle Technology - Hybrid Electric Vehicle (HEV), Plug-in-Hybrid Vehicles (PHEV), Full Battery Electric Vehicle (BEV); By Vehicle Type - Passenger Car, LCV, HCV, Others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017-2026:
    https://www.persistencemarketresearch.com/market-research/automotive-lithium-ion-battery-pack-market.asp
  • Auto Parts Manufacturing Market Segmented by (By Component Type - Battery, Cooling System (Compressor, Radiator, Pump, Thermostat) Underbody Component (Brake Component, Exhaust Component), Automotive Filter, Engine Components (Starter, Pumps, Engine, Alternator) Lighting Component, Electrical Component (Ignition Coil, Ignition Switch, Spark and Glow Plug); By Sales Channel - OEM, Aftermarket; By Vehicle Type - Passenger Cars (PC), Light Commercial Vehicles (LCV), Heavy Commercial Vehicles (HCV)) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017-2026:
    https://www.persistencemarketresearch.com/market-research/cellular-iot-market.asp
  • Electric Vehicles Market Segmented by (By Technology - Hybrid Electric Vehicle, Plug-In Hybrid Electric Vehicle, Battery Electric Vehicle; By Power Source - Stored Electricity, On-Board Electric, Generator; By Vehicle Type - Two Wheelers, Passenger Cars, Commercial Vehicles, Others (Golf Carts, etc.); By Powertrain - Series Hybrid, Parallel Hybrid, Combined Hybrid) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017-2025: https://www.persistencemarketresearch.com/market-research/india-electric-vehicles-market.asp

Persistence Market Research Overview 

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Contact
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Web Site: https://www.persistencemarketresearch.com

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