Global Rocker Arm Assembly Market: Introduction
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. 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.
Rocker Arm Assembly Market Players
A few of prominent players operating in the global rocker arm assembly market include AmTech International, ASPPICE ENGINEERING, BLE products, Burgess-Norton Mfg. Co. Inc., COMP Cams, Decora Auto Forge Pvt. Ltd., Eaton, Endyn Ltd., Federal-Mogul, GT Technologies, HITCHINER Manufacturing Co. Inc., Kalyani Steels, LuK GmbH & Co. KG, Melling, Nittan Valve Co., Ltd., OTICS, Rane Group, Schaeffler Technologies AG & Co, Smit Auto Industries, SSV Technocrates, Trick Flow, Unique Systems Inc., and Young shin Automotive.
Global Rocker Arm Assembly Market: Segmentation
- Rocker Arm Assembly Market, by Application
- Passenger Vehicle
- Light Duty Vehicle
- Medium & Heavy Duty Trucks
- Buses & Coaches
- Agriculture Equipment
- Construction & Mining Equipment
- Motor Graders
- Road Rollers
- Mixer Trucks
- Underground Mining Equipment
- Other Concrete Equipment
- Commercial Vessel
- Offshore Support Vessel
- Stationary Engines
- Utilities/ Power Suppliers
- Oil & Gas
- Telecommunications & Data Centers
- Rolling Stock Diesel Engines
- Rocker Arm Assembly Market, by Region
- North America
- Asia Pacific
- Middle East & Africa
- Latin America
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