Press release
Automotive Connecting Rod Industry 2018 Global Market Forecast To 2023 - By Size, Share, Growth, Trends, a
Automotive Connecting Rod Market is segmented by Material (Steel, Aluminum, Others), Process Type (Forged, cast rods, powder metals), Vehicle Type (Passenger cars, Commercial vehicles), and Region - Forecast To 2023. The demand from end users fuels the automotive industry's popularity on a global level. Market reports related to the automobile industry have been presented by Market Research Future which creates reports on other industry verticals that outlines the current market scenarios. The market is estimated to develop at a CAGR of 4 % in the forecast period.The noticeable competitors in the automotive connecting rod market comprise of Wiseco Piston Company Inc. (U.S.), Wossner Pistons (U.S.), Pauter Machine (U.S.), Albon Engineering & Manufacturing Plc (U.K.), and Tianrun Crankshaft Co., Ltd. (China).,Magal Engineering Ltd. (U.K.), Robson Engineering (U.K.), Nangong Jingqiang Connecting Rod Co., Ltd (China), Yasunaga Corporation (Japan), JD Norman Industries, Inc. (U.S.), CP-Carrillo (U.S.), Arrow Precision Engineering, Ltd. (U.K.), Mahle GmbH (Germany), Power Industries (India), Cummins, Inc. (U.S.), and Linamar Corporation (Canada) are among others.
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The use of advanced materials such as fracture-split forged steel leads to an increase in the life of connecting rods. The developments for increasing the efficiency and strength of connecting rods is showing significant opportunities for new product development. The connecting rod is a key engine component that affects the weight of the crank train. Therefore measures must be taken for reducing their weight and improving the mechanical efficiency of the engine. As the connecting rods do not require regular replacements, they help in reducing the overall maintenance cost of the automotive.
The other factors contributing in the growth of the market are the boom in the automotive industry, the increased use of advanced coating, the use of carbon fiber connecting rods in racing cars, and the increase in demand for internal combustion engines.
The global automotive connecting rods market is expected to experience significant growth opportunities with the assembly of carbon fiber connecting rods in racing cars. The rise in demand for sports cars is increasing the use of carbon fiber connecting rods for making the cars lighter and stronger.
The market is witnessing challenges with the need for engine downsizing that is reducing the size of the engine and simultaneously delivering power equivalent to the larger engine by adding devices, such as a turbocharger, supercharger or by integrating direct fuel injection technology. Engine downsizing helps improve the fuel efficiency of vehicle and reducing the overall carbon emission.
Regional Analysis:
The market for automotive connecting rod is segmented on the basis of material, process type, vehicle type, and region. The segmentation of the market on the basis of material consists of steel, aluminum, others. The process type-based segmentation of the market comprises of forged, cast rods, powder metals. The vehicle type segment of the automotive connecting rod market consists of commercial vehicles and passenger cars. On the basis of region, the market includes North America, Asia Pacific, Europe and Rest of the World.
Major Table of Content:
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumptions
2.1.4 Limitations
2.2 Research Proces
2.2.1 Primary Research
Continued...
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