Automotive Engine Connecting Rods Market: Overview
The main functionality of the connecting rods is to connect the piston to the crankshaft for converting the reciprocating motion into the rotating motion. It is a crucial component of the automotive engine. The designing, manufacturing and the installation of the automotive engine rods have to be done with immense care so that the performance of the engine is not affected.
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Automotive Engine Connecting Rods Market: Segmentation
The global market for the automotive engine connecting rods is fragmented into the process, engine type, product type, and vehicle type. Based on the process type, the global market is segregated into cast rods, forged, and powder metals. Based on the engine type, the market is categorized into four strokes, L6, L4, V8, V6 engines. Based on the product type, the market is divided into steel automotive engine connecting rods, magnesium automotive engine connecting rods, aluminum automotive engine connecting rods, and titanium automotive engine connecting rods. Based on the vehicle, the market is bifurcated into light commercial vehicles, passenger car, and heavy commercial vehicle.
Automotive Engine Connecting Rods Market: Growth Factors
The key factors that are contributing to the growth of the automotive engine connecting rods market are the increase in the sales and the production of the vehicles which fuels the demand for the engines and the other factor being the growing purchasing power of the consumers. The other factors that are contributing to the market growth are globalization, the rapid rate of urbanization, increase in the disposable incomes, and the shift in the lifestyle of the people propels an increase in the manufacturing and sales of the automobiles which, in turn, fuels the growth of the automotive engine connecting rods. One of the major markets for the automotive engine connecting rods is aftermarket. The factor that is limiting the growth of the market is the increasing price of the titanium.
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Automotive Engine Connecting Rods Market: Regional Analysis
On the basis of the regional segmentation, the global automotive engine connecting rods market includes regions such as Asia Pacific, North America, the Middle East and Africa, Eastern Europe, Latin America, Western Europe. The region that is dominating the automotive engine connecting rods market is the North America. The factors that contribute to the market dominance are the region has the major market for the automobiles and popular market players are located in this region. The European regions are also contributing a significant share in the growth of the market. In the coming years, Asia Pacific region will have a significant growth in the market owing to the increased manufacturing and sales of the automobiles along with rapid urbanization and the increasing disposable income of the population drives the demand of the market.
Automotive Engine Connecting Rods Market: Competitive Players
The key market players that are involved in the automotive engine connecting rods market include Wiseco, Pauter Machine, Tianrun Crankshaft, JD Norman Industries, Powder Industries, Mahle GmbH., Wossner, Jingqiang Connecting Rod, Albon Engineering & Manufacturing Plc., MGP, CP-Carrillo, and Arrow Precision.
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Automotive Engine Connecting Rods Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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