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.
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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.
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