Automotive Engine Piston Rings Market - Growth, Trends, and Forecasts (2020 - 2025)
|出版商||Mordor Intelligence Pvt Ltd||商品編碼||946143|
|出版日期||內容資訊||英文 90 Pages
|汽車引擎活塞環市場-成長，趨勢，預測(2020年∼2025年) Automotive Engine Piston Rings Market - Growth, Trends, and Forecasts (2020 - 2025)|
|出版日期: 2020年06月01日||內容資訊: 英文 90 Pages||
汽車引擎活塞環市場預測期間(從2020年∼2025年)之間年複合成長率到達約5％。帶動市場成長的主要原因，是2021年以後小客車和商用車等全部的市場區隔預計汽車的生產、銷售增加。還有LPG和CNG車等的替代燃料車銷售的增加也推動市場成長。 由於環境意識高漲，引擎活塞環的研究開發進行。 由於Covid-19的影響，經濟活動停滯，許多人失去工作或削減工資，雖然給予汽車需求影響，但是事態的結束後預計不久將回復正常。可是，據此有妨礙市場成長的可能性。
The Automotive engine piston ring Market*is anticipated to register a CAGR of about 5%, during the forecast period (2020 - 2025).
Electric Vehicles Sales During the Forecast Period will be a Restraint for the Market
With the increasing air pollution levels around the world, Governments are boosting both the supply side and demand side of Electric vehicles. In many countries electric vehicles manufacturers are given special tax benefits and other subsidies. For instance, Norway government is providing benefits like, no road tax, no import tax and other benefits for people adopting electric vehicles, as the country aims to be 100% EV zone by 2025.
Governments are spending heavily on infrastructure to support EVs so that people are less likely to face any difficulty during usage. In view of this, countries are constructing charging stations which are equipped with latest technology so that the vehicles can be charged faster. Similarly, to the end users also governments are giving subsidies and road tax and other benefits which is encouraging them to buy Electric vehicles. This increased adoption of EVs will eat into the share of ICE vehicles, thus restraining the market.
Asia-Pacific is Expected to be the Market Leader During the Forecast Period
The region accounts for almost 60% of world's population as well as major developing economies of the world like China, India. During the forecast period Asia-Pacific nations are expected to grow considerably which might see an increased demand for automobiles in the region. Also, people in this geography are replacing vehicles at a faster rate than it was a few years ago. Engine re-works and re-assembly are also popular in this region that will drive the growth of automotive engine piston rings market. The players in the region are expanding aggressively to increase their supply capacity so that they can fulfill the OEMs and aftermarket demand. For instance, In August 2019, Shriram Pistons and Rings, an Indian company announced that it would be procuring new lands for new projects and expansion purpose.
The Automotive engine piston rings market is fragmented, with several players vying for considerable share in the market. Some of the prominent companies in the automotive engine piston rings market are Nippon Piston Rings, Shriram Pistons & rings and Asimco Technologies. Companies are investing heavily in research and development for the innovation of new and advanced products and technologies. In April 2019, Nippon Piston Rings announced that they are planning to enhance capacity of their bases in China and Europe this will strengthen its development structure outside Japan.