Automotive Connecting Rod Market To Expand Appreciably With A 4% CAGR By 2023

Pune, India, October, 2018 /press release/- Market Research Future Published a Half-Cooked Research Report on Automotive Connecting Rod   Market Research Report.

Automotive Connecting Rod Market – Overview

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.

Segmental 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.

Detailed

Regional Analysis

The global automotive connecting rod market has been segmented into regions such as Europe, North America, Asia Pacific and Rest of the World. The Asia Pacific region is expected to control the automotive connecting rod market through the forecast period. The economic growth of emerging countries such as India and China are prompting the development of the market. The increase in investment in industrialization and infrastructure is prompting an increased demand for vehicles, which is, in turn, motivating the development of the connecting rod material market.

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Competitive Analysis

The framework for growth plans also has inspired the market for potential new entrants. The market competitors are making considerable adjustments to minimalize the incidence of competitive disadvantage. The leadership trends in the market are reinforcing the level of growth that can be realized in the present market scenario.  The market is also well equipped to meet the challenges and keep up with the dynamic growth trends effectively. The alterations seen in terms of strategy execution and creation are modifying the development pace of the market. The plan formulation process in the market has become meaningfully easier in which deviations are well accounted for; this approach surges the overall success of these plans in the market. The evolution patterns are revised in tandem to the customer likings to realize abundant growth, and in the long run, viability.

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.   

Industry Updates:

June 2018 Nissan and Italdesign have teamed to create the aptly named Nissan GT-R50 by Italdesign prototype, commemorating the 50th anniversaries of both the GT-R and the Italian design and engineering company. The model includes large-diameter GT3 competition-spec turbochargers, heavy-duty crankshaft, optimized twin high-flow, and larger intercoolers; pistons, connecting rods and bearings; intake and exhaust systems among others.

Mar 2018 Cadillac’s new Twin-Turbo V-8’s foundation is expected to incorporate an all-new, durable and lightweight aluminum cylinder block that houses an contains robust, lightweight rotating assembly composed of a forged steel connecting rods, forged steel crankshaft, and high-strength aluminum pistons.