About Engine Connecting Rod Assembly
Engine connecting rod assembly means the rod or bar in an engine that connects the piston to the crosshead. The engine connecting rod assembly market has high growth prospects owing to increasing application in the automotive, engineering machinery, and aerospace industry. Further, technological advancement in the engine connecting rod assembly for high-pressure applications and rising demand from the developing economies expected to drive the demand for connecting rod market over the forecasted period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Leading global players are focusing on strategic partnerships to improve their products and services. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Engine Connecting Rod Assembly market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
JD Norman Industries (United States), Wiseco (United States), Aichi Forge (United States), CP-Carrillo (United States), Albon Engineering & Manufacturing (United Kingdom), Arrow Precision (United Kingdom), Wossner (United States), Pauter Machine (United States), Tianrun Crankshaft (China) and Jingqiang Connecting Rod (China) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Nippon Wico (United States), POWER INDUSTRIES (India) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Engine Connecting Rod Assembly market by Type (Iron Connecting Rod, Aluminum Connecting Rod, Steel Connecting Rod and Otther), Application (Automotive Engine and Industrial Machinery Engine) and Region.
On the basis of geography, the market of Engine Connecting Rod Assembly has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Channel, the sub-segment i.e. Direct Sales will boost the Engine Connecting Rod Assembly market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Emphasizing On Development of Engine Connecting Rod Assembly for High-Pressure Application and Increasing Application for the Engineering Machinery
Market Growth Drivers:
Growth in the Automotive Industry and Increasing Demand of the High-Performance Engines
Challenges:
Lack of Awareness in the Low and Middle Income Group Countries
Restraints:
Failure of a Engine Connecting Rod Assembly
Opportunities:
Increasing Demand from the Automobile Industry and Rising Demand from the Developing Economies
Market Leaders and their expansionary development strategies
In November 2020, Volkswagen de México announced an investment of USD 233.5 million for the production of the new EA211 engine at the Silao engine plant in Guanajuato and said engine will be integrated into the production of Volkswagen models in the North America region.
In October 2019, Metalcaucho, as the leading European supplier of metal and rubber aftermarket spare parts in the automotive sector, continues to increase its portfolio of new part numbers. This month of October they make available to their customers 459 new parts numbers, all of them verified in their quality department.
Key Target Audience
Engine Connecting Rod Assembly Manufacturers, Engine Connecting Rod Assembly Distributors, Government Agencies, Commercial Research & Development Institutions, Government Organizations, Research Organizations, and Consulting Firms, Trade Associations and Industry Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.