According to the report, the global rocker arm assembly market is projected to surpass US$ 23 Bn mark by 2030, expanding at a CAGR of ~1% during the forecast period. Rapid urbanization owing to an increase in population seeking employment, development of road and infrastructure, and expansion of the construction industry are expected to fuel the demand for transportation.
Furthermore, growth of the e-Commerce industry coupled with rapid expansion of the logistics industry across the globe and rise in demand for heavy duty vehicles for cargo transport and shipment are anticipated to propel the demand for heavy commercial vehicles. All these factors are anticipated to increase the production of automobiles during the forecast period and consequently, drive the global rocker arm assembly market.
Expansion of Rocker Arm Assembly Market
The rise in government initiatives for reduction of vehicle emission across the globe is expected to fuel the use of rocker arms in vehicle engines globally, which in turn is likely to boost the automotive rocker arm assembly market growth. Engine modification is the adjustment or tuning of the internal combustion engine (ICE) to yield optimal performance, and increase the engine’s power output, fuel economy, and durability. Tuning the rocker arms in an engine in terms of higher ratio of rocker arms enables the same cam lobe profile to produce the total valve lift, resulting in increased power output.
Request Sample For More Information@
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=79635
Aftermarket players also introduced roller rocker arms to replace stamped steel stock rocker arms in the older vehicle models to increase their performance. Performance rockers contain a roller bearing center fulcrum and a roller on the valve end of the arm to reduce friction. These are huge improvements over the stock rockers, which enable performance at higher rpms with reduced friction. According to some manufacturers, changing from stud mounted rockers to shaft mounted rockers produces 10 to 15 more horsepower owing to increased valve train stability. Therefore, trends toward engine modification are expected to propel the global rocker arm assembly market.
Regional Analysis of Rocker Arm Assembly Market
In terms of type, the global rocker arm assembly market has been split into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Based on region, Asia Pacific is projected to be highly lucrative market, globally, during the forecast period. Asia Pacific has presence of major auto manufacturers. Additionally, China and India have a prominent aftermarket industry that caters to the automobile industry. China and India have comparatively higher consumption of vehicles than that of any other country, globally. Therefore, an increase in vehicle production coupled with rise in disposable income of the population across Asia Pacific is projected to boost the rocker arm assembly market during the forecast period.
The increasing adoption of rocker arms is projected to directly impact the growth of the global rocker arm assembly market. Rocker arm assembly machines are increasingly being due to a range of benefits, including material shortage indication, automatic elimination of NG parts during feeding, and low possibility for material jamming. Although majority of rocker arms are produced from stamped steel, the aluminum has emerged as a popular choice of materials among players involved in the current rocker arm assembly market due to the growing demand for lightweight vehicles, especially in economy cars. Roller rocker arms have emerged as the most popular type of rocker arms and its adoption is slated to be higher than that of flat rocker arms during the forecast period.
Grab PDF Brochure For More Insights@
https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=79635
The automotive sector is one of the hardest hit sectors amid the ongoing COVID-19 pandemic due to which, the growth of the global rocker arm assembly market is expected to remain sluggish in 2020. Delay in the delivery of raw materials, restrictions on cross-border trade of non-essential commodities, shutdown of the industries in China in the first quarter of 2020– a major automotive raw material supplier, and stringent lockdowns imposed by governments in various parts of the world are expected to hinder the growth of the global rocker arm assembly market in 2020. However, the market is likely to gradually recover from the initial slump as industries are opening up and lockdown restrictions are being lifted in several major automotive hubs worldwide.
0 comments:
Post a Comment