Transparency Market Research in its new report titled, “Connecting Rod Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026,” provides key insights on the connecting rod market. The TMR report states that the increasing demand for internal combustion engine-powered vehicles will be a major driving factor of the connecting rod market growth during the forecast period i.e, 2018-2026. The connecting rod is an integral part of the combustion engine and factors such as drivability and engine stability are fuelling the demand for connecting rods. Rising concerns pertaining to carbon emissions are prompting the need to downsize the engine, says TMR analyst.
According to the report, lighter connecting rods reduce the inertia force on engines and permits the usage of smaller balancing weight on the crankshaft. Automakers are being compelled to reduce the weight of connecting rods in order to comply with emission regulations. Titanium connecting rods are witnessing an increased demand due to their light weight. The high strength and durability of a powder forged connecting rod is also gaining preference in the gasoline market and is estimated to drive the connecting rod market. The emergence of flex fuel engines and their increased penetration in North America and Latin America is estimated to drive the connecting rod market.
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TMR has segmented the global connecting rod market on the basis of material, process, vehicle, engine, sales channel, and region. In terms of material, the global connecting rod market is split into three segments. The aluminum segment held a prominent share of the market owing to its affordability yet excellent working drive. Based on process, the global connecting rod market is divided into three segments. The cast connecting rod segment held a significant share of the global market due to its ease of manufacturing and usage in all type of gasoline and diesel engines.
In accordance with engine type, the global connecting rod market is classified into five segments. Four-cylinder engine is the leading segment due to its high consumer preference and engine stability. Based on vehicle type, the connecting rod market is divided into passenger vehicle and commercial vehicle. The passenger vehicle segment is estimated to lead the market owing to increased demand for passenger vehicles in developing countries. In terms of sales channel, the connecting rod market is split into OEM and aftermarket. The OEM segment held a dominant share of the market.
From a regional perspective, the connecting rod market is split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Tax relief on small engine vehicles in China is estimated to fuel the production of passenger vehicles in China, expansion of the auto industry in India and low import duties on Japanese automobiles in Europe are key factors fuelling the connecting rod market in Asia Pacific, as per the report. Major players operating in the global connecting rod market are included in this report to give a better competitive analysis and these are Cummins Inc., Linamar Corporation, Wiesco Piston Company Inc., Wossner Pistons, MAHLE GmbH, Pauter Machine, JD Norman Industries, Jingqiang Connecting Rod, Arrow Precision, and Tianrun Crankshaft.
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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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