The emergence of light weight pistons and introduction of revolutionary diamond coating process have propelled the sales of piston and piston rings in India. Furthermore, companies such as Shriram Piston and Rings, Federal Mogul Goetze India and India Pistons limited have increased R&D investments. The demand for high performance bikes and manufacturing of high quality and cost effective pistons has also helped the market grow.
India is poised to be one of the fastest growing piston and piston rings markets worldwide, catering to the needs of both global and domestic players.
The report titled “India Piston and Piston Rings Market Outlook to 2022” by Ken Research suggested a five year positive CAGR in revenue of total piston and piston rings in India for the projected period FY’2018-FY’2022.
The Piston and piston rings market in India has witnessed a sharp surge in technological innovation over the last few years. A prominent technological innovation has been the introduction of lightweight aluminum pistons. It has been witnessed over the last few years that OEM’s prefer using lightweight aluminum pistons compared to traditional iron pistons in India. High thermal conductivity, low corrosion rate and low density of aluminum are some of the reasons behind growing demand for aluminum pistons. In a technology intensive environment, it is hard for a company to remain competitive in the Indian piston market if it does not align itself with the technology curve by trying to stay ahead. Indian manufacturers are looking to enhance their technical expertise and product portfolio, further supplementing to the market growth and establishing a competitive edge over competitors. Product specialization and the ability to integrate operations across several related areas of specialization could be an eventual key to progress for many Indian manufacturers.
A recent development in the preferences of domestic consumers is the increase in demand of high-end bikes has been attributed not only to the improved infrastructure and road connectivity, but also to a change in living standards and purchasing power of the Indian population which mainly consists of middle-aged executives and entrepreneurs. The dual-cylinder bike is a preferred choice by consumers as it has the ability to neutralize imbalances, while delivering higher RPM because the stroke of the pistons is reduced. A new segment of high-performance bikes is emerging with reputed players, such as Duke and Harley Davidson, opening their showrooms in India while other established players such as Royal Enfield, and Hero motor corp. The development of unique diamond coating process for piston and piston rings has helped manufacturers provide OEM’s with a piston that increases both corrosion-resistance and wear-resistance.
The baked-on molybdenum dry-film lubricant skirt coating provides an anti-friction anti-scuffing surface all of which enhance engine performance and improve durability of pistons. The OEM user segment is one of the major consumers of piston and piston rings that is part of the organized sector of India piston and piston rings market. A surge in the production of piston and piston rings can be attributed to increased demand from OEM’s and the requirement of certifications such as ISO 9000, ISO 14001 and TS 16949 are some of the major factors responsible for the drastic improvement quality standards and keeping the automotive supply chain process running.
Key Topics Covered in the Report
ShriRam Pistons Competition India
Auto Components Manufacturers India
Piston Ring Suppliers & Manufacturers in India
Automotive Piston Market Size
Piston rings Manufacturers India
Exporters Piston Rings India
Piston Market by Component
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Ankur Gupta, Head Marketing & Communications