Push Rod Market shall reach a value of $2x61.4 Million in 2027, growing with a CAGR of 12.13% during the forecast period of 2020 to 2027.
Push Rod Market Growth and Trends
Push rods are crucial for keeping the engine running in automobiles. Easy installation, manufacturing and cost efficiency are major driving factors for the push rod market. The adaption of push rods makes the engine packing process convenient given the compact nature of push rods. Increased traction towards hybrid engines for achieving fuel efficiency and controlled pollution levels is fueling the market for push rods. With rapid urbanization, better economic strengths and the need for a comfortable life, the demand for personal vehicles has increased drastically. Expansion in ecommerce and the continuous requirement for logistics by industries has heightened the need for commercial vehicles. The urgency of going green and reducing pollution has made people switch from personal vehicles to public transport, increasing the demand in this sector. This has fueled the automotive industry, which in turn has expanded the arena for push rods. Government regulations in order to curb the problem of toxic air quality given the levels of emission, has led to the removal of older vehicles and the void being filled by newer ones.
Push Rod Industry Regional Analysis
The American region owes a major percent to the market growth. The reason being, huge demand of high speed and premium quality vehicles in the developed super nations such as US. The European and Asia Pacific market is expected to show huge growth, due to its large-scale development and industrialization. The presence of new automobile manufacturing setups in this region will lure the stakeholders and cause a heavy surge in the market. A similar demand is projected to be seen in the Middle East and African region as these regions are in their prime development and growing financial stability and an urge to have quality lives have increased the scope for expansion of multiple industrial sectors.
The expanding electric vehicle industry and widespread promotion to switch to ecofriendly transportation not only for personal uses but for commercial and public ease, will hinder the market of push rods gravely.
Push Rod Market Research Report Scope/Definition
For the purpose of this market research report, a push rod is defined as a device used to transfer motion from the camshaft’s end to the valve. A pushrod is required in order for an engine to run, and it plays an important role in the general performance of the engine. Apart from opening valves, the push rod functions as a portal for the transfer of lubricating oil through the valve lifter all the way to the cylinder head. Pushrods differ in their diameter, which is an important feature for load use. Pushrods are also among few components in gasoline combustion engines that are not bent. They mostly have a fixed length, although some engines have adjustable pushrod to set the valve lash. Pushrods are straight stems with roller balls at both ends and are produced using high-tempered steel or a chrome alloy. The continued improvement in the design and manufacturing of automotive push rods is anticipated to contribute to the growth of the push rods market on a global stage.
Push Rod Market Share and Competition
Key companies operating in this industry are: Elgin Industries, Manton Pushrods, OE Oushrods, Smith Bros. Pushrods, COMPCams, Hubei Junvoch Industrial & Trade Co., Ltd, Rane Engine Valve, Wuxi Xizhou Machinery, Yuhuan Huiyu Tappets, and Star Fasteners.
Push Rod Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2021 – 2028)
• Data breakdown for every market segment (2021 – 2028)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Vehicle Type Analysis (Revenue, USD Million, 2021 - 2028)
• Two Wheelers
• Passenger Car
• Light Commercial Vehicles
• Heavy Commercial Vehicles
Design Type Analysis (Revenue, USD Million, 2021 - 2028)
• Tapered push rods
• Straight push rods
Material Type Analysis (Revenue, USD Million, 2021 - 2028)
• Steel
• Aluminium
• Alloy
Sales Type Analysis (Revenue, USD Million, 2021 - 2028)
• OEM
• Aftermarket
Region Analysis (Revenue, USD Million, 2021 - 2028)
• United States
• Canada
• Mexico
• France
• Germany
• Italy
• Spain
• United Kingdom
• Russia
• China
• India
• Philippines
• Malaysia
• Australia
• Austria
• South Korea
• Middle East
• Japan
• Africa
• Rest of World
Push Rod Industry Companies
• Elgin Industries
• Manton Pushrods
• OE Oushrods
• Smith Bros. Pushrods
• COMPCams
• Hubei Junvoch Industrial & Trade Co., Ltd
• Rane Engine Valve
• Wuxi Xizhou Machinery
• Yuhuan Huiyu Tappets
• Star Fasteners
Available Versions of Push Rod Market: -
United States Industry Research Report
Europe Industry Research Report
Asia Pacific Industry Research Report
India Industry Research Report
