The global demand for Connecting Rod Market is presumed to reach the market size of nearly USD 11.87 MN by 2028 from USD 8 MN in 2021 with a CAGR of 5.8% under the study period 2022 - 2028. Regarding volume, the market was calculated XX Units in 2021 and forecast to touch XX Units by 2028 with a CAGR of XX% during 2022-2028.
A connecting rod is described as part of a piston engine. This rod connects the piston and the crankshaft, and in conjunction with the crank, it transforms the piston's reciprocating motion to the crankshaft's rotation. Connecting rods are essentially required to transmit the tensile forces from the piston. These rods are frequently employed in internal combustion engines or steam engines of automobiles. The primary function is to establish the link between the crankshaft and piston to transmit power.
Market Dynamics
Significant changes have been made in connecting rod design in terms of lightweight construction and vibration & noise reduction. One such modification is the utilization of silicon-carbide (SiC) materials, which are lighter and more durable than traditional materials like steel. These advanced development results in propelling the market growth of connecting rods. In addition, surface treatments and new coatings have been designed that are corrosion resistant and improve durability. These modifications are making connecting rods an essential part of engine design and assist in making more efficient & environmental-friendly engines in the projected period. An increasing number of on-road vehicles & the growing production of automobiles in various countries are increasing the demand for connecting rods.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of connecting rod. The growth and trends of connecting rod industry provide a holistic approach to this study.
Market Segmentation
This section of the connecting rod market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Material Type
By Vehicle Type
- Passenger Vehicles
- LCV
- HCV
- Two Wheeler
By Sales Channel
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Connecting Rod market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Connecting Rod Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the connecting rod market include Linamar Corporation, MGP Connecting rods, Pauter Machine Co., CP Carrillo Inc., Mahle GmbH, Wiseco Piston Co. Ltd., Albon Engineering & Manufacturing, Arrow Precision Ltd., Gohsyu Corporation, Yasunaga Corporation, Sanjo Machine Works Ltd., Metalart Corp, Bharat Forge Ltd., IT Forging Co. Ltd. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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