Skip to main content

Connecting Rods Market Future Trends, Industry Size and Forecast to 2032

 The global connecting rods market is projected to expand at a 4.7% CAGR during the forecast period, reaching US$ 11.7 Bn by 2032. Increasing vehicle production over the years due to the growing demand for electric vehicles will augment demand for connecting rods in the forthcoming years.

Connecting rods are an essential component in the vehicle engine as they transmit the power of the piston to the crankshaft and enable fluid movement between them. Light, as well as heavy commercial vehicles with an internal combustion engine use different types of connecting rods. Manufacturers of connecting rods are investing in research and development for new product technologies which is expected to drive growth in the market.

As per FMI, the global connecting rod market is expected to be dominated by East Asia, with total sales reaching US$ 4.6 Bn by 2032.

“Increasing sales of autonomous vehicles, along with growing preference for fuel efficient vehicles to curb carbon emission are some factors that are expected to fuel the growth in the market over the forecast period,” says an FMI analyst.

Key Takeaways:

  • By material type, the steel segment is projected to hold approximately 51.8% of the total market share in 2022.
  • In terms of sales channel, demand in the OEM segment is anticipated to grow at a 5.0% CAGR through 2032.
  • Based on vehicle type, the passenger vehicle segment is expected to reach about US$ 6.9 Bn by 2032.
  • The U.S. is expected to dominate the North America connecting rods market over the assessment period, with sales growing at a 4.3% CAGR.
  • China is expected to account for 70% of the East Asia connecting rods market in 2022.

Competitive Landscape         

Key market participants of the connecting rods market elaborated in the report include Linamar Corporation, Mahle GmbH, CP Carrillo Inc., MGP Connecting Rods, Wiseco Piston Company Ltd., Arrow Precision Ltd., Gohsyu Corporation, Yasunaga Corporation, and others.

Key players are focusing on research and development for new product innovation for connecting rods. Leading players are also focusing on expanding their geographic presence across the globe to improve sales. Manufacturers are also aiming to increase the production capacity to cate to the growing demand. For instance:

  • In July 2020, Mahle GmbH produced high performance aluminum pistons using 3D printing technology.

More Insights into the global connecting rod market Report

In its latest report, FMI offers an unbiased analysis of the global connecting rod market, providing historical data for the period of 2017-2021 and forecast statistics for the period of 2022-2032. To understand the global market potential, its growth, and scope, the market is segmented based on material type (steel, aluminum and others), by vehicle type (passenger cars, LCV, HCV and two wheelers), sales channel (OEM and aftermarket) & by region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and Middle East & Africa).

For More Info@ https://www.futuremarketinsights.com/reports/connecting-rods-market

Comments

Popular posts from this blog

Sales of Commercial Aircraft Video Surveillance Systems to Decelerate in 2020 as COVID 19 Pandemic Takes its Toll on Global Market

  Market Introduction Future Market Insights, in its recent study on the  Commercial Aircraft Video Surveillance Systems market,  offers a detailed value-volume analysis of the Commercial Aircraft Video Surveillance Systems market on the basis of various segments such as product type, application, aircraft type, assembly and region. In terms of product type, cabin surveillance systems is projected to be a lucrative segment in terms of growth opportunities and are mostly being installed in the line fit assembly applications in the commercial aircraft video surveillance systems. To Get the Sample Copy of Report visit @ https://www.futuremarketinsights.com/reports/sample/rep-gb-5202 There has been significant growth in the number of freighter planes due to expanding e-commerce and pharmaceutical sectors and outperforming global trade growth. From a macroeconomic point of view, demand for commercial aircrafts is anticipated to more than double in the next two decade...

Automotive Battery Management System Market : Technological Growth Map over Time

  Automotive Battery Management System Market is estimated to reach US$ 15.3 Bn by the end of 2029 In the near future, electric vehicles will dominate the clean vehicle market, and necessitate demand for revolutionary battery management systems. Steadily growing demand for battery management systems in e-bikes as well as electric cars will squarely surge market growth. According to a new research report published by Future Market Insights (FMI), the  automotive battery management system market  is estimated to reach US$ 15.31 Bn by the end of 2029.  “In the foreseeable future, advancements in battery management systems will contribute towards extending vehicle range, while simultaneously improving battery life and safety. All major OEMs are ambitiously planning to boost electric vehicle production, which is projected to create significant opportunities for the global automotive battery management system market.” Key Takeaways of Automotive Battery Management Sys...

Medical Gloves Market Trends, Growth, Future Demand, Analysis and Forecast by 2032

 The medical gloves market has witnessed significant growth and evolution, especially in recent years, due to the global healthcare challenges, including the COVID-19 pandemic. Medical gloves are crucial protective equipment used by healthcare professionals to prevent the transmission of infections, maintain hygiene standards, and ensure the safety of both patients and medical personnel. This market encompasses a wide range of glove types, including latex, nitrile, vinyl, and others, each with its unique features and applications. One of the key drivers of the medical gloves market is the increasing focus on infection prevention and control in healthcare settings. The heightened awareness of the importance of hand hygiene, especially in the wake of the pandemic, has led to a surge in demand for medical gloves worldwide. Healthcare facilities, including hospitals, clinics, and laboratories, require a steady and reliable supply of gloves to maintain safety protocols an...