Research Offers 10-Year Forecast on Automotive Connecting Rod Market
Connecting rods finds application in farming, industrial and automotive engines. A connecting rod is generally made up of steel or aluminum. Casting connecting rods can be used in all type of engines such as diesel and gasoline but such connecting rods lack longevity and show defects very early. In comparison to casting connecting rods, steel forging connecting rods created by drop forging is way better in performance and longevity. Steel forging connecting rods are made by drop forging heated metal bars into net shape and then machining it to a finished product. Steel forging connecting rods are also called billet rods due to its manufacturing process of machining from blocks of billet steel. These rods can withstand greater loads and ensure faster engine revolutions as compared to casting connecting rods. However, steel forged connecting rods are expensive compared to casting connecting rods and are applicable in high horsepower engines.
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The automotive connecting rod market can be classified by material, by application and by geography. The material segment can be classified into steel, aluminum and others. By application, the market can be segregated as passenger vehicles, light commercial vehicles and heavy commercial vehicles. By geography, the market can be segmented into North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
In the automotive connecting rod market, Asia Pacific holds the largest market share in terms of revenue followed by Europe, North America, Latin America and, Middle East and Africa (MEA). China is the largest automotive market in the Asia Pacific region. In addition, increasing production of vehicles and demand for passenger vehicles in China, India and Japan is propelling the growth of automotive connecting rods market, which are especially applicable for passenger vehicles. Increasing penetration of North American and European automotive connecting rod manufacturers in the high growth regions of Asia Pacific coupled with growth in the automotive sector and private equity investments in connecting rod manufacturing companies of Asia Pacific, makes it the dominating market for automotive connecting rods. The U.S. is one of the leading automotive connecting rods market in the world. The country is the second most producer of automobiles in the world and therefore, the application of automotive connecting rods is expected to be high in the automotive market of U.S.
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The report also provides company market share analysis of the various industry participants. Acquisition is the main strategy being widely followed by leading market players. In case of an acquisition, the acquirer takes advantage of existing synergies. As a result, both companies are expected to emerge more profitable and stronger than before. Key players in the global automotive connecting rod market have been profiled and their company overview, financial overview, business strategies and recent developments have been covered in the report. Major market participants profiled in this report include: Wiseco, Wossner Pistons USA, MAHLE, Magal Engineering Ltd., Power Industries, Auto International, Robson Engineering, Albon Engineering & Manufacturing Plc and Yasunaga Corporation among others.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
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