Global Automotive Rocker Arm Market 2017-2021
About Automotive Rocker Arm
Rocker arms are engine components which are installed in between the pushrod and the intake valves and exhaust valves. The position of rocker arms depends on the configuration of the engine. So, in different engine designs, such as overhead valve (OHV), single overhead camshaft (SOHC) or double overhead camshaft (DOHC) type, the position of the rocker arms differs. Rocker arms are one of the essential components of the internal combustion (IC) engine. Hence they come pre-fitted in the engines by OEMs.
Technavio’s analysts forecast the global automotive rocker arm market to grow at a CAGR of 3.15% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive rocker arm market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive Rocker Arm Market 2017-2021
Technavio recognizes the following companies as the key players in the global automotive rocker arm market: COMP Cams, Crower Cams & Equipment, Lunati, and Schaeffler.
Other Prominent Vendors in the market are: HITCHINER, Pioneer Automotive Industries, and Federal-Mogul Powertrain and Federal-Mogul Motorparts.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is Increasing use of titanium rocker arms. Automotive rocker arms are made of various materials. Commonly used rocker arms are made up of steel, aluminum, and chrome-moly. Chrome-moly steel offers design advantages despite being heavier than other materials. Chrome-moly steel has superior strength density because it has much thinner sections than aluminum.”
According to the report, one driver in the market is increasing demand for logistics by roadways. Growing preference for road transportation for last mile delivery and the subsequent increase in the use of heavy, medium, and light-duty vehicles in emerging countries, such as China and India, will see less share of rail being used for transport. In China, huge traffic congestions are caused due to large heavy-duty trucks transporting goods from inner Mongolia to Beijing. One of the main reasons for opting road transport for transporting cargo is the limited number of rail freight services within the country. The lack of sufficient freight services is causing companies to choose roadways as a reliable mode of transportation of products.
Further, the report states that one challenge in the market is rising demand for EVs to undermine the need for rocker arms. Currently, the traditional ICE vehicles dominate the market due to their tested and proven engine mechanism and performance. However, in the last few years, electric vehicles have gone from novelty to serious contenders. With rising global concerns on climate change, consumers have slowly shifted from traditional products to green products. The global electric vehicle market is flourishing due to numerous benefits and subsidies provided by the governments and increased awareness among the people to curb greenhouse gases. Other factors, such as the existence of stringent carbon emission norms targeting the OEMs, increased consumer interest to adopt electric vehicles and increased cooperation among foreign and regional players toward a cleaner environment, contribute to the rising demand for electric vehicles.
COMP Cams, Crower Cams & Equipment, Lunati, Schaeffler, HITCHINER, Pioneer Automotive Industries, and Federal-Mogul Powertrain and Federal-Mogul Motorparts.
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