Automotive Connecting Rod Market 2019 Global Industry Analysis To 2019 is latest report on Global Automotive Connecting Rod Industry, published by Market Research Future. According to report Global Automotive Connecting Rod Market Is Expected To Grow With The CAGR Of 4% By 2023. Incessant Increase In Demand For Engines Has Motivated The Automotive Connecting Rod Market
Market Synopsis:
The connecting rod is attributed as a shaft which is used in a vehicle to transport the motion of the piston to the crankshaft. The connecting rod is placed inside the engine cylinder and is subjected to high combustion and temperature.
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The prominent players in the Automotive Connecting Rod Market include:
- Wossner Pistons
- Wiseco Piston
- Nangong Jingqiang Connecting Rod Co.Ltd
- Pauter Machine
- Albon Engineering & Manufacturing
- Tianrun Crankshaft
- JD Norman Industries
- CP-Carrillo
- Power Industries
- Arrow Precision Engineering
- Mahle
- Magal Engineering
- Robson Engineering
- Yasunaga Corporation
- Cummins
- Linamar Corporation
The automotive industry’s popularity coupled with the demand from end users’ fuels is grabbing the limelight of automotive connecting rod market on the global level. Market Research Future reports related to the automotive connecting rods market outlines the current market scenarios which estimate to rise at a CAGR of 4% in the forecast period.
Automotive Connecting Rods Market: Drivers & Constraints
The constant increase in the demand for engines over the past few years has pushed the increase in the sales and production of vehicles. This has eventually fueled the demand for automotive engine connecting rods, which are also considered as the backbone of the automotive engine.
It has been seen in recent times that rising concerns about carbon emissions are prompting the need to downsize the engine. Connecting rods that lighter tend to reduce the inertia force on engines and permits the use of smaller balancing weight on the crankshaft. The utilization of carbon fiber connecting rods in racing cars is one of the key trends that will contribute to the growth of the automotive connecting rod market in the coming years.
Going forward, titanium made connecting rods are witnessing an increased demand owing to their lightweight, high strength and durability is gaining preference in the market growth rate. The other factors that are contributing to the market growth are globalization, rapid urbanization, and the shift in the lifestyle of the people have propelled an increase in the production as well as sales of the automobiles. This, in turn, fuels the growth of the automotive connecting rods market.
Automotive Connecting Rods Market Segmentation
The global automotive connecting rods market has been segmented based on factors such as vehicle type, material type, process type, and regions.
By mode of vehicle type, the segment has passenger cars and commercial vehicles. Among these, the passenger car segment has a significant hold in the market share. Passenger cars comprise for, six or eight cylinders, where the cars equipped with four cylinders engine majorly have the automotive passenger car connecting rod.
Regional Outlook
Geographically, the global automotive connecting rod market has been covered into four major regions such as North America, Europe, Asia Pacific and Rest of the World.
Of these, Asia Pacific will have the largest share in the automotive connecting rod market throughout the forecast period owing to the economic growth of the countries such as China and India. They are immensely are triggering the growth of the market. Also, the increase in investments and funds in industrialization and infrastructure is leading to an increased demand for vehicles, which is, in turn, driving the growth of the connecting rod material market.
TABLE OF CONTENTS:
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.1 DEFINITION
2.2.2 RESEARCH OBJECTIVE
2.2.3 ASSUMPTIONS
2.2.4 LIMITATIONS
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 MARKET LANDSCAPE
3.1 PORTER S FIVE FORCES ANALYSIS
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF BUYERS
3.1.3 BARGAINING POWER OF SUPPLIERS
3.1.4 THREAT OF SUBSTITUTES
3.1.5 SEGMENT RIVALRY
3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS
4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 MARKET OPPORTUNITIES
4.5 MARKET TRENDS
Continued
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