According to a new market research report published by Market Research Future “Automotive Connecting Rod Market Analysis From 2019 to 2023 by Material (Steel, Aluminum, Others), Process Type (Forged, cast rods, powder metals), Vehicle Type (Passenger cars, Commercial vehicles), and Region”, the global Automotive Connecting Rod market accounted to hit the notable market value in 2023 and expected to witness CAGR of 4% across the forecast period through 2019 to 2023. Report provides comprehensive information on Global Automotive Connecting Rod Market key players, share, Sales, revenue, industry size in terms of volume.
Key Companies Covered –
Prominent players in the global automotive connecting rod market are Nangong Jingqiang Connecting Rod Co., Ltd (China), Wossner Pistons (U.S.), Wiseco Piston Company Inc. (U.S.), Tianrun Crankshaft Co., Ltd. (China). Pauter Machine (U.S.), Albon Engineering & Manufacturing Plc (U.K.), JD Norman Industries, Inc. (U.S.), Cummins, Inc. (U.S.), Arrow Precision Engineering, Ltd. (U.K.), CP-Carrillo (U.S.), Power Industries (India), Robson Engineering (U.K.), Yasunaga Corporation (Japan), Mahle GmbH (Germany), Magal Engineering Ltd. (U.K.), and Linamar Corporation (Canada) are among others. MRFR recorded latest proceedings of these companies to ensure a proper understanding of trends.
Free Sample Copy of “Automotive Connecting Rod Market Research Report – Global Forecast to 2023” available at: https://www.marketresearchfuture.com/sample_request/5646
Automotive Connecting Rod Industry Insight:
Automotive Connecting Rods are rods that are used for connecting the piston to the crank or crankshaft in a reciprocating piston engine. The automotive connecting rods must pass quality checks before their supply to clients. Automotive connecting rod finds use in the automotive sector as a connecting rod between piston and the crank or crankshaft. The global automotive connecting rod market is eyeing for a 4% CAGR during the forecast period (2018-2023). Market Research Future (MRFR) in their latest article on the same field, predicted remarkable growth in the coming years.
The report offers insights into the leading market players and presents an assessment of their current market position. Company information with regards to revenue, segmental share, geographical income, SWOT, growth strategies, new product launch, M&A activities, and the latest R&D initiatives is also available in the report.
The usage of progressive materials such as fracture-split forged steel is increasing the demand for connecting rods as they are maximizing the overall efficiency of automobiles. The efforts undertaken to improve efficiency and strength of connecting rods is spurring further innovation and development in the market which will translate into optimistic expansion opportunities for market contenders. The automotive connecting rod market’s growth is expected to be further reinforced by factors such as the usage of carbon fiber connecting rods in racing cars, the amplified use of advanced coating, and the surge in demand for internal combustion engines.
Automotive Connecting Rod Market Segment Analysis:
The market for automotive connecting rod is segmented based on material, process type, vehicle type, and region.
Based on the material, the automotive connecting rod market can be segmented into steel, aluminum, and others. The aluminum segment is gaining grounds owing to their lightweight, which is a huge plus for a lot of companies and end-user industries. However, steels are getting momentum.
Based on vehicle type, the market is segmented as passenger cars and commercial vehicles. Among these, passenger car segment dominates the global automotive connecting rod market. Passenger cars comprise four, six or eight cylinders. The cars equipped with four cylinders engine majorly deploy the automotive passenger car connecting rod. Manufacturers focus on improvement of connecting rods which are related to surface finishing, weight, and the ability to withstand high temperatures.
Based on the process type, the automotive connecting rod market can be segmented into forged, cast rods, and powder metals. The forged steel section is making commendable progress.
The global Automotive Connecting Rod market is geographically distributed across the following key regions: Asia Pacific, North America, Europe, and the Rest of the World (RoW).
Asia Pacific will dominate the automotive connecting rod market throughout the forecast period. The economic growth of the developing countries such as China and India are triggering the growth of the market. The increase in investment 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.
North America and Europe are also expected to fetch substantial revenue for their respective regional markets. Both these markets are known for their extraordinary infrastructure and high investment capacity. Such advantages always help markets to stay ahead a few paces in terms of expected valuation.
List of Tables:
TABLE 1 MARKET SYNOPSIS
TABLE 2 LIST OF ASSUMPTIONS
TABLE 3 MACRO INDICATORS INFLUENCING THE GLOBAL AUTOMOTIVE CONNECTING ROD MARKET FOR TOP FIVE COUNTRIES
TABLE 4 IMPORT ANALYSIS OF AUTOMOTIVE CONNECTING RODS, 2013-2017 (UNITS)
TABLE 5 EXPORT ANALYSIS OF AUTOMOTIVE CONNECTING RODS, 2013-2017 (UNITS)
TABLE 6 PROPORTION OF MANUFACTURING COST STRUCTURE
TABLE 7 LABOR COST ANALYSIS
List of Figures:
FIGURE 1 GLOBAL AUTOMOTIVE CONNECTING ROD MARKET: MARKET STRUCTURE 17
FIGURE 2 RESEARCH PROCESS OF MRFR 20
FIGURE 3 TOP-DOWN & BOTTOM-UP APPROACHES 23
FIGURE 4 DROC ANALYSIS OF GLOBAL AUTOMOTIVE CONNECTING ROD MARKET 25
FIGURE 5 INTERNATIONAL TOURIST ARRIVALS, 2016 VS 2017 (MILLION) 26
FIGURE 6 DRIVERS IMPACT ANALYSIS: GLOBAL AUTOMOTIVE CONNECTING ROD MARKET 27
FIGURE 7 RESTRAINTS IMPACT ANALYSIS: GLOBAL AUTOMOTIVE CONNECTING ROD MARKET 28
FIGURE 8 SUPPLY CHAIN: GLOBAL AUTOMOTIVE CONNECTING ROD MARKET 31
FIGURE 9 PORTER’S FIVE FORCES MODEL: GLOBAL AUTOMOTIVE CONNECTING ROD MARKET 32
FIGURE 10 MARKETING CHANNEL OF AUTOMOTIVE CONNECTING ROD 40
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