Connecting Rod Market Research Methodology | Industry Dynamics & Drivers | Forecast Report, 2021

CITY, Country, 2020-Jul-21 — /EPR Network/ —

Global Connecting Rod Market research report offers a complete breakdown of the industry scope, assumptions, segmentation, key strategies, revenue, shares and size of top players. This syndicated research report also provides application, regional, products insights and offer ready, data-driven answers to many industry-level questions.

Market Overview:

Global Connecting Rod Market is anticipated to witness an exponential growth in the years to come. Connecting Rod could be referred to as a rod that is used for connecting the piston to the crankshaft in a reciprocating piston engine. The connecting rods must go through a quality check before they are supplied to the customers. The factors that propel the growth of the market include outstanding stability and drivability of engine and increasing demand for connecting rod. On the other hand, there are factors that may hamper the growth of the market including high cost of raw materials.

Key Players:

  • AAPICO Hitech Public
  • Aichi Machine
  • American Axle & Manufacturing
  • Changzhou Yuandong
  • Chengde Suken Yinhe 

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Growth Drivers: 

Connecting Rod Market is anticipated to grow at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe. The new trend that has emerged in the market is the usage of titanium connecting rod. Even though titanium is costlier than steel, its durability, and ability to withstand heat are driving the market.

Market Segment: 

Key Applications

  • Passenger Cars
  • Commercial Vehicles 

Key Regions

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • South America

Regional Insights: 

APAC accounted for the major share of the market Size in 2017 and will continue to lead in the forecast period. The key factor that could be attributed to the growth includes financial growth in the emerging nations such as India and China. Furthermore, rising investment in infrastructure and rapid industrialization is likely to surge the overall demand for vehicles eventually boosting the market growth.

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