The Global Automotive Connecting Rod Market to Expand Amid COVID-19 Crisis

 

According to Market Research Future (MRFR), the global automotive connecting rod market is projected to register a CAGR of 4% from 2017 to 2023 (forecast period). The research report offers a brief overview of the influence of COVID-19 on current/future market situations. The report explains some of the key market factors that will influence the growth of this sector, such as market share, the main region, and key players.

Automotive connecting rods are rods used to connect the piston to a crank or crankshaft in a reciprocating piston engine. Automotive connecting rods must pass quality checks before their supply to clients.

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Market Dynamics

The use of advanced materials like fracture-split forged steel leads to an increase in the life of the connecting rods. Developments to increase the efficiency and strength of connecting rods show significant opportunities for new product development. The connecting rod is a crucial component of the engine that affects the weight of the crank train. Measures must, therefore, be taken to reduce their weight and improve the mechanical efficiency of the engine. As connecting rods do not require regular replacements, they help reduce the overall maintenance costs of the automotive.

Other factors propelling the market's growth are the boom in the automotive industry, the increased use of advanced coatings, the use of carbon fiber connecting rods in racing cars, and the increase in demand for internal combustion engines.

The global market for automotive connecting rods is projected to experience vital growth opportunities with the assembly of carbon fiber connecting rods in racing cars. The increase in demand for sports cars is increasing the use of carbon fiber connecting rods to make cars lighter and more robust.

The market is experiencing challenges with the need for engine downsizing that reduces the engine's size and simultaneously delivers power equivalent to the larger engine by adding devices such as a turbocharger, a supercharger, or by integrating direct fuel injection technology. Engine downsizing helps enhance the fuel efficiency of the vehicle and reduce overall carbon emissions.

 

Market Segmentation

The global market for automotive connecting rod has been segmented into material, process type, and vehicle type. 

Based on material, the global automotive connecting rod market has been segmented into steel, aluminum, and others.

Based on process type, the global automotive connecting rod market has been segmented into forged, cast rod, and power metal. 

Based on vehicle type, the global automotive connecting rod market has been segmented into passenger cars and commercial vehicles. Among these, the passenger car segment leads the global automotive connecting rod market. Passenger cars include four, six, or eight cylinders. Cars equipped with four-cylinder engines mainly deploy the automotive passenger car connecting rod. Manufacturers focus on improving connecting rods related to surface finishing, weight, and the ability to withstand extreme temperatures.

 

Regional Analysis

Region-wise, the global automotive connecting rod market has been divided into four major regions: North America, Europe, Asia Pacific, and the Rest of the World. 

The Asia Pacific will lead the market for automotive connecting rod throughout the forecast period. The economic growth of developing countries, such as China and India, is driving the market growth. Increasing investment in industrialization and infrastructure contributes to higher demand for vehicles, which is fueling the development of the connecting rod material market.

 

Key Players

The industry giants in the automotive connecting rod market include Pauter Machine (U.S.), Wossner Pistons (U.S.), JD Norman Industries, Inc. (U.S.), Wiseco Piston Company Inc. (U.S.), CP-Carrillo (U.S.), Nangong Jingqiang Connecting Rod Co., Ltd (China), Albon Engineering & Manufacturing Plc (U.K.), and Tianrun Crankshaft Co., Ltd. (China), Power Industries (India), Magal Engineering Ltd. (U.K.), Arrow Precision Engineering, Ltd. (U.K.), Cummins, Inc. (U.S.), Robson Engineering (U.K.), Yasunaga Corporation (Japan), Mahle GmbH (Germany), and Linamar Corporation (Canada) are among others.  

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Key Questions Addressed by the Report

  • What was the historic market size?
  • Which segmentation (Product/ Capacity) is driving market?
  • What will be the growth rate?
  • How are the key players in this market?
  • What are the strategies adopted by key players?

TABLE OF CONTENTS

 

1 EXECUTIVE SUMMARY

 

2 SCOPE OF THE REPORT

2.1 MARKET DEFINITION

2.2 SCOPE OF THE STUDY

2.2.1 DEFINITION

2.2.2 RESEARCH OBJECTIVE

2.2.3 ASSUMPTIONS

2.2.4 LIMITATIONS

2.3 RESEARCH PROCESS

2.3.1 PRIMARY RESEARCH

2.3.2 SECONDARY RESEARCH

2.4 MARKET SIZE ESTIMATION

2.5 FORECAST MODEL

 

3 MARKET LANDSCAPE

3.1.1 THREAT OF NEW ENTRANTS

3.1.2 BARGAINING POWER OF BUYERS

3.1.3 THREAT OF SUBSTITUTES

3.1.4 SEGMENT RIVALRY

3.1.5 BARGAINING POWER OF BUYERS

3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS

 

4 MARKET DYNAMICS

4.1 INTRODUCTION

4.2 MARKET DRIVERS

4.3 MARKET RESTRAINTS

4.4 MARKET OPPORTUNITIES

4.5 MARKET TRENDS

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Edibles.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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