Future Market Insights
The increase in the sales and production of vehicles has led to incessant increase in demand for engines over the past few years. This has further fuelled the demand for automotive engine connecting rods. Connecting rods are used to connect piston to the crankshaft in order to convert reciprocating motion into rotating motion.
Automotive engine connecting rods are considered as the backbone of automotive engine. Great attention has to be paid in the construction and installation of automotive engine connecting rods while manufacturing a high performance engine.
Over the past few years, the prices of high quality steel, copper, and titanium have increased considerably. Many automotive engine connecting rods manufacturers have started adding surcharges to the current market price to offset high cost of raw materials. On the contrary, a few automotive engine connecting rod manufacturers have discontinued manufacturing rods from titanium. Instead, they use aluminium, which is a cheaper metal, to manufacture automotive engine connecting rods. However, certain properties of aluminium such as high static and dynamic strength, high degree of thermal conductivity, lightweight, good machinability and corrosion resistance make the metal highly preferable by the automotive engine connecting rods manufacturers. The automotive engine connecting rods made from cast aluminium alloy are proven to withstand dynamic stresses from piston movement and combustion.
Global Automotive Engine Connecting Rods: Dynamics
The rise in purchasing power of people coupled with increase in the production and sales of vehicles are expected to fuel the demand of engines, which in turn is expected to drive the growth of global automotive engine connecting rods market. However, the relatively high cost of titanium connecting rods is expected to hamper the growth of the market during forecast period.
Global Automotive Engine Connecting Rods: Segmentation
The global automotive engine connecting rods market can be segmented on the basis of product type, process, vehicle type, and engine type.
On the basis of product type, the global automotive engine connecting rods market can be segmented into: aluminium automotive engine connecting rods, steel automotive engine connecting rods, titanium automotive engine connecting rods, and magnesium automotive engine connecting rods.
On the basis of process type, the market can be segmented into forged, cast rods and powder metals.
On the basis of vehicle type, the automotive engine connecting rods market can be segmented into passenger car, light commercial vehicles (LCV), and heavy commercial vehicle (HCV).
On the basis of engine type, global automotive engine connecting rods can be segmented into: four stroke, L4, L6, V6 and V8 engines.
Global Automotive Engine Connecting Rods: Outlook
The automotive industry contributes a significant amount to world’s GDP. The increase in purchasing power of consumers, technological innovations, globalization and accelerating urbanization where almost half of the population are shifting into cities for better lifestyle; altogether are fuelling the demand for more sales of vehicles. Moreover, increase in construction and mining activities in urban and rural areas will spur the demand for transportation of raw materials, which indirectly bolsters the demand for heavy trucks, and thereby influence the automotive engine connecting rods market. Aftermarket is also one of the significant market for automotive engine connecting rods.
Moreover, owing to the prevailing stringent emission norms, OEMs are focusing to reduce the weight of vehicles. Reducing the weight of automotive connecting rods aids the overall weight reduction significantly.
Global Automotive Engine Connecting Rods: Market Participants
Examples of some of the market participants in the global automotive engine connecting rods market identified across the value chain include:
Jingqiang Connecting Rod
Albon Engineering & Manufacturing Plc
JD Norman Industries
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