Connecting Rod Market Size Estimation, Growth Rate, and Future Trends, 2022
The new trend that has emerged in the market is the usage of titanium connecting rod. Even though titanium is costlier than steel, its durability, and ability to withstand heat are driving the market.
(firmenpresse) - Global Connecting Rod Market is anticipated to witness an exponential growth in the years to come. Connecting Rod could be referred to as a rod that is used for connecting the piston to the crankshaft in a reciprocating piston engine. The connecting rods must go through a quality check before they are supplied to the customers. The factors that propel the growth of the market include outstanding stability and drivability of engine and increasing demand for connecting rod. On the other hand, there are factors that may hamper the growth of the market including high cost of raw materials.
Connecting Rod Market is anticipated to grow at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe. The new trend that has emerged in the market is the usage of titanium connecting rod. Even though titanium is costlier than steel, its durability, and ability to withstand heat are driving the market.
The market may be explored by process type, vehicle type, engine type, and geography. The market may be explored by process type as cast rods, powder metals and forged. Market could be explored based on engine type as four stroke, L6, L4, V6, and V8 engines.
Based on vehicle type, the market may be classified as light commercial vehicles (LCV), heavy commercial vehicle (HCV), and a passenger car. The “Passenger Car” segment led the market in 2016 and will continue to lead in the forecast period. The key factor that may be attributed to the growth of the market includes maximal sales for passenger car supplied with four cylinders engine. Manufacturers are putting more emphasis on developing connecting rods associated to surface weight, finishing and capacity in order to withstand high temperatures.
APAC accounted for the major share of the market Size in 2017 and will continue to lead in the forecast period. The key factor that could be attributed to the growth includes financial growth in the emerging nations such as India and China. Furthermore, rising investment in infrastructure and rapid industrialization is likely to surge the overall demand for vehicles eventually boosting the market growth.
Some of the key players that fuel the growth of the Connecting Rod Market comprise Wiseco, Wossner, Pauter Machine, Nangong Jingqiang Connecting Rod Co. Ltd, Tianrun Crankshaft, Albon Engineering & Manufacturing Plc, MGP, JD Norman Industries Inc, Mahle GmbH, CP-Carrillo, Arrow Precision, and Powder Industries. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.
Themen in dieser Pressemitteilung:
connecting-rod-market
automotive-and-parts
automotive-and-parts-market
automotive-and-parts-industry
connecting-rod-industry
connecting-rod
Unternehmensinformation / Kurzprofil:
Million Insights Inc. is a holistic market research database. With more than a million data points in the repository, we are the only organization providing end-to-end market research solutions. Our proprietary market research solution platform is designed to be completely flexible providing you with the power to personalize.
"Million Insights
Felton Office Plaza 6265 Highway 9 Felton, California 95018, United States
Phone: +1-408-610-2300
Toll Free: +1-866-831-4085
Email: sales(at)millioninsights.com"
Datum: 18.03.2020 - 07:58 Uhr
Sprache: Deutsch
News-ID 609190
Anzahl Zeichen: 2930
contact information:
Contact person: Tom Clark
Town:
Felton
Phone: 14086102300
Kategorie:
Parts and Accessories
Typ of Press Release: Financial
type of sending: don't
Date of sending: 18.03.2020
Diese Pressemitteilung wurde bisher 249 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Connecting Rod Market Size Estimation, Growth Rate, and Future Trends, 2022"
steht unter der journalistisch-redaktionellen Verantwortung von
Million Insights (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
