Automotive
Connecting Rod Market Overview:
The global automotive
connecting rod market is predicted to develop at a 3.49% CAGR between 2024-
2032, states the recent Market Research Future (MRFR) analysis. A connecting
rod or con rod, is a component of a piston engine that connects the piston with
the crankshaft. This frames a straight part along with the wrench that converts
the reciprocating motion into the rotating motion. Automotive connecting rods
are used in commercial vehicles and passenger cars and made of aluminium,
steel, and others. Powder metals, cast rods, and forged are its different
process types.
Various factors are
propelling the global automotive connecting rod market share. According to the
recent MRFR report, such factors include the growing demand for sports cars,
rising concerns to lower carbon dioxide emission results, increasing use of
connecting rods made of titanium in the automobile industry, and the use of the
advanced coating. Additional factors adding market growth include the
increasing use of carbon-fiber connecting rods in race cars, the use of
high-strength steel rods, growing production & sales of cars, incessant
rise in demand for engines, and people’s increasing purchasing power.
On the contrary, the
high price of titanium connecting rods and shortage of supply due to the
COVID-19 impact may limit the global automotive connecting rod market growth
over the forecast period.
Market
Segmentation
The MRFR report
highlights an inclusive segmental analysis of the global automotive connecting
rod market based on vehicle type, material, and process type.
By vehicle type, the
global automotive connecting rod market is segmented into commercial vehicles
and passenger cars. Of these, the passenger cars segment will lead the market
over the forecast period.
By material, the global
automotive connecting rod market is segmented into aluminium, steel, and
others. Of these, the aluminium material segment will dominate the market over
the forecast period.
By process type, the
global automotive connecting rod market is segmented into powder metals, cast
rods, and forged.
Regional
Analysis
Based on the region,
the global automotive connecting rod market report covers the recent trends and
growth opportunities across the Asia Pacific (APAC), North America, Europe, and
the Rest of the World (RoW). Of these, the APAC region will command the largest
share in the market over the forecast period. Economic development in China and
India, growing investment in infrastructure and industrialization, increased
automobile production, growing sales and manufacturing of automobiles, rapid
urbanization, and rising disposable income are adding to the global automotive
connecting rod market growth in the region.
The global
automotive connecting rod market in North America is predicted to have healthy
growth over the forecast period. The presence of notabe market players and the
presence of major automobile market are adding to the global automotive
connecting rod market growth in the region.
The global
automotive connecting rod market in Europe is predicted to have sound growth
over the forecast period. The booming automobile industry is adding to the
global automotive connecting rod market growth in the region.
The global
automotive connecting rod market in the RoW is predicted to have steady growth
over the forecast period.
Key
Players
Eminent contenders
profiled in the global automotive connecting rod market report include Linamar
Corporation (Canada), Cummins, Inc. (U.S.), Yasunaga Corporation (Japan),
Robson Engineering (U.K.), Magal Engineering Ltd. (U.K.), Mahle GmbH (Germany)
, Arrow Precision Engineering, Ltd. (U.K.), Power Industries (India),
CP-Carrillo (U.S.), JD Norman Industries, Inc. (U.S.), Tianrun Crankshaft Co.,
Ltd. (China), Albon Engineering & Manufacturing Plc (U.K.), Pauter Machine
(U.S.), Nangong Jingqiang Connecting Rod Co., Ltd (China), Wiseco Piston
Company Inc.(U.S.), and Wossner Pistons (U.S.). Industry players have
incorporated strategies such as acquisitions, mergers, new product launches,
and others to stay at the forefront.
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