The prominent players in the Automotive Connecting Rod Market include Wossner Pistons (U.S.), Wiseco Piston Company Inc.(U.S.), Nangong Jingqiang Connecting Rod Co., Ltd (China), Pauter Machine (U.S.), Albon Engineering & Manufacturing Plc (U.K.), and Tianrun Crankshaft Co., Ltd. (China). JD Norman Industries, Inc. (U.S.), CP-Carrillo (U.S.), Power Industries (India), Arrow Precision Engineering, Ltd. (U.K.), Mahle GmbH (Germany) , Magal Engineering Ltd. (U.K.), Robson Engineering (U.K.), Yasunaga Corporation (Japan), Cummins, Inc. (U.S.), and Linamar Corporation (Canada) are among others.
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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 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.
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.
Market Segments 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.
Geographically, the global automotive connecting rod market has been divided into four major regions such as North America, Europe, Asia Pacific and Rest of the World. 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.
TABLE OF CONTENTS:
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.1 RESEARCH OBJECTIVES
2.2.2 ASSUMPTIONS & LIMITATIONS
2.3 MARKETS STRUCTURE
3 MARKET RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS
3.2 SECONDARY RESEARCH
3.3 PRIMARY RESEARCH
3.4 FORECAST MODEL
4 MARKET LANDSCAPE
4.1 FIVE FORCES ANALYSIS
4.1.1 THREAT OF NEW ENTRANTS
4.1.2 BARGAINING POWER OF BUYERS
4.1.3 BARGAINING POWER OF SUPPLIERS
4.1.4 THREAT OF SUBSTITUTES
4.1.5 SEGMENT RIVALRY
4.2 VALUE CHAIN/SUPPLY CHAIN OF GLOBAL AUTOMOTIVE CONNECTING ROD MARKET
5 INDUSTRY OVERVIEW OF GLOBAL AUTOMOTIVE CONNECTING ROD MARKET
5.2 GROWTH DRIVERS
5.3 IMPACT ANALYSIS
5.4 MARKET CHALLENGES
LIST OF TABLES:
TABLE 1 GLOBAL AUTOMOTIVE CONNECTING ROD MARKET: BY REGION, 2017-2023
TABLE 2 NORTH AMERICA AUTOMOTIVE CONNECTING ROD MARKET: BY COUNTRY, 2017-2023
TABLE 3 EUROPE AUTOMOTIVE CONNECTING ROD MARKET: BY COUNTRY, 2017-2023
TABLE 4 ASIA PACIFIC AUTOMOTIVE CONNECTING ROD MARKET: BY COUNTRY, 2017-2023
TABLE 5 MIDDLE EAST & AFRICA AUTOMOTIVE CONNECTING ROD MARKET: BY COUNTRY, 2017-2023
TABLE 6 LATIN AMERICA AUTOMOTIVE CONNECTING ROD MARKET: BY COUNTRY, 2017-2023
LIST OF FIGURES:
FIGURE 1 GLOBAL AUTOMOTIVE CONNECTING ROD MARKET SEGMENTATION
FIGURE 2 FORECAST METHODOLOGY
FIGURE 3 FIVE FORCES ANALYSIS OF GLOBAL AUTOMOTIVE CONNECTING ROD MARKET
FIGURE 4 VALUE CHAIN OF GLOBAL AUTOMOTIVE CONNECTING ROD MARKET
FIGURE 5 SHARE OF GLOBAL AUTOMOTIVE CONNECTING ROD MARKET IN 2017, BY COUNTRY (IN %)
FIGURE 6 GLOBAL AUTOMOTIVE CONNECTING ROD MARKET, 2017-2023,
FIGURE 7 SUB SEGMENTS OF COMPONENT
FIGURE 8 GLOBAL AUTOMOTIVE CONNECTING ROD MARKET SIZE BY COMPONENT, 2017
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