India Piston and Piston Rings Market Outlook to 2022: Ken Research

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India Piston and Piston Rings Market Outlook to
2022 Ken Research
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The report titled India Piston and Piston Rings
Market Outlook to 2022 - Emergence of Light
Weight Pistons and Introduction of Revolutionary
Diamond Coating Process provides a comprehensive
analysis of the Indian piston and piston rings
market. The report captures aspects such as the
market size of the Indian piston and piston rings
industry on the basis of major players, market
segmentation on the basis of piston and piston
rings, by type of piston rings, by type of
coating, by type of material, by type of
automotive vehicle (two wheeler, three wheeler,
four wheeler and heavy duty commercial vehicles),
by OEM and aftermarket sales, by domestic and
export sales and by organized and unorganized
sectors.
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• The report also incorporates the trends and
  developments, issues and challenges, competitive
  landscape, government regulations, investment
  model, value chain and macroeconomic factors that
  impact the piston and piston rings market in
  India. The report also covers company profiles
  and product portfolios of major players as well
  as a comprehensive analysis of Porters five
  forces on the piston and piston rings market in
  India.
• This report will help independent industry
  consultants, piston and piston rings
  manufacturers, retail chains, potential entrants
  and other stakeholders to align their market
  centric strategies according to the ongoing and
  expected trends during the forecasted period.
• India Piston and Piston Rings Market
• The Piston and Piston Ring market has been one of
  the fastest growing auto component sectors
  attributing its success primarily to the
  automobile sector and demand for higher powered
  engines. The increasing development in
  infrastructure, a growing domestic market for
  automobiles backed by new model launches,
  increasing purchasing power and

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Stabilizing the government framework will draw in
major investments both domestically and
internationally. The piston and piston rings
industry saw a CAGR of during FY2011-FY2016.
The revenue in the Indian market had grown from
INR billion in 2012 to INR billion in 2016.
This growth was driven by rapid demand of
motorcycle sales which has been growing at YoY
and has been a defining factor for this growth.
India is poised to become a leading export hub
for motorcycles in the coming years and is
currently placed as the third largest exporter of
two wheelers in the world. The major players in
the Piston and Piston rings market in India are
Shriram Piston and Rings Ltd, Federal Modgul
Goetze India, Sam Piston and Rings, Menon
Pistons, India Pistons Ltd and IP Rings. India
Piston and Piston Rings Market Segmentation By
Type Being an integral part of the functioning
of an engine, the piston market has dominated
of the revenues generated by manufacturers in
contrast to of the share occupied by the
piston
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rings during 2017. This larger share for pistons
is attributed to the higher value of pistons in
comparison to piston rings as well as the fact
that they are installed simultaneously. By Type
of Material The aluminum pistons have accounted
for a share of in terms of revenues and have
registered revenues worth INR million in
FY2017. In contrast, the steel pistons have
accounted for of revenues with revenues
reported to be INR million during FY2017. Over
the last decade, OEMs have preferred to use
aluminum pistons in petrol engines due to its
ambidextrous properties such as low weight, high
strength, superior malleability, easy machining,
excellent corrosion resistance and good thermal
and electrical conductivity. Steel piston
applications primarily deal with diesel engines
and industrial engines that require higher
tensile strength but tend to be heavier, causing
reduced fuel efficiency. By Type of Coating The
piston market in India can be bifurcated into
three different types of coatings, Thermal
Barrier Piston Coating, Dry
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• Film Lubricant Coating Piston and Oil Shedding
  Coating Piston. The thermal barrier piston
  coating takes up a majority share, where as
  the dry film-lubricant coating constitutes
  share in terms of revenues and the remaining
  is captured by oil shedding coating during
  FY2017. The thermal barrier piston coating is
  considered to be the most popular choice of
  coating amongst the OEMs for the coating of
  engine parts due to its oil-shedding properties.
• By Type of Automobile Two wheelers in the Indian
  market have been the largest source of revenue
  for Piston manufacturers in India with a revenue
  share of in the automotive piston market
  during FY2017. The two wheeler market is further
  segmented into the motorcycle segment which
  captures the largest share of , scooters take
  up only and mopeds have of the share.
• The three wheeler segment takes up a mere
  share of the piston and piston rings market but
  has seen positive signs in the domestic as well as

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export market primarily driven by increasing
demand for last-mile connectivity in metros and
major cities, improving penetration in lower tier
towns and rural areas, and gradually increasing
availability of funding through organized
channel. The four wheeler segment constitutes
of the market share with revenues worth INR
million during FY2017. Factors such as rising
prosperity, easier access to finance and
increasing affordability have helped
four-wheelers gain volumes in the market. The
heavy duty commercial vehicles segment has
occupied of the market share and has
contributed revenues worth INR million. By OEM
and Aftermarket The OEM sales for piston
manufacturers have accounted for a significant
share of to the overall sales for piston and
piston rings with revenues been reported at INR
million during FY2017. Organized players capture
the entire OEM market placing special emphasis on
maintaining high quality standards for its
products as well as employing the latest
technology in the production process for piston
and piston rings.
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• The aftermarket on the other hand comprises of
  of the market share and generated revenues worth
  INR million during FY2017.
• By Domestic and Export Sales The domestic sales
  for pistons and piston rings in India have seen
  tremendous growth over the last few years
  constituting of the market share with revenues
  reported at INR million in FY2017.
  Alternatively, the export market sales have
  accounted for of the revenue of piston and
  piston rings manufacturers with revenues reported
  at INR million during FY2017. The export market
  for piston and piston ring manufacturers is still
  an underpenetrated segment and is still
  relatively small with high growth prospects in
  the future due to relaxation on laws of doing
  business in India, a buoyant end-user market, and
  return of adequate liquidity in the financial
  system.
• Future Outlook for India Piston and Piston Rings
  Market
• India piston and piston rings market has grown
  from INR million in FY2012 to INR million in
  FY2017 at a CAGR of . In the future, the

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• revenue for the industry is expected to reach INR
  million by FY2022 growing at a CAGR of . In
  the short run, the industry is projected to grow
  at a slow rate of from FY2017 to FY2019.
  This has been attributed to the success of the
  automobile sector, primarily driven by the
  increasing demand for automobiles due to an
  inflow of disposable income, and improving
  consumer sentiment. In the long run, the revenue
  is expected to grow from INR million in FY2020
  to million in FY2022.
• Key Topics Covered in the Report
• India Piston and Piston Rings Market Overview and
  Genesis
• Piston rings Manufacturers India
• Market Trends Piston Rings India
• Value Chain Analysis of India Piston and Piston
  Rings Market
• India Piston and Piston Rings Market Size
• India Pistons firms up expansion plans
• India Aftermarket Piston and Piston Rings
• Piston Ring Suppliers Manufacturers in India

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India Piston and Piston Rings Market
Segmentation Trade Scenario for Piston and Piston
Rings in India Trends and Development In India
Piston and Piston Rings Market Competition in
Piston Market India Market Share Shree Ram Piston
India Issues and challenges in India Piston and
Piston Rings market Future Analysis Piston
Rings Export Revenue Piston Rings Porters Five
Forces Analysis in India Piston and Piston Rings
Market Market Development Piston Rings Market
Share of Major Players in India Piston and Piston
Rings Market India Pistons Market Share Piston
Rings Market Growth Company Profile of Major
Players in India Piston and Piston Rings Market
Piston Market by Component India Piston and
Piston Rings Market Future Outlook and
Projections Analyst Recommendations Macro Factors
Affecting India Piston and Piston Rings
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• For further reading click on the link below
• https//www.kenresearch.com/automotive-transportat
  ion-and-warehousing/automotive-and-automotive-comp
  onents/india-piston-rings-market-statistics/128384
  -100.html
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Contact Ken Research Ankur Gupta, Head
Marketing Communications query_at_kenresearch.com
91-124-4230204