Global Automotive Push Rod Market Overview
A push rod is required to transfer motion from the camshaft’s lobe to the valve. They are an essential element of engine design–pushrod is required in order to run an engine, and it plays an important role in its reliability and performance. Apart from opening the valves, the push rod also functions as a portal for transferring lubricating oil through the valve lifter and up to the cylinder head. Most push rods have a fixed length, although some of the old engines employed an adjustable pushrod as a means to set valve lash. In modern times, an adjustable pushrod is only used as a tool to determine the required length for the correct rocker-arm geometry during engine design and building.
Push rods also differ in their diameter, which is critical for load use. Some push rods are tubular–hollow–in order to reduce the valvetrain reciprocating weight. Often, both ends are drilled to supply oil to the rocker arms. Tubular push rods usually have hardened tip inserts that are either concave or convex; the upper and lower ends may each have a different spherical radius.
Market Size and Forecast
The global automotive push rod market is observing a vibrant growth owing to its manufacturing ease and lower production cost. Also, repetitive change in cam designs led to inconvenience for the consumer hence the use of push rods has increased over the years. Automotive push rods are mostly used in twin V engine and overhead camshaft engines. Automobile manufacturers are integrating overhead camshaft (OHC) engines in their vehicles for better fuel efficiency. Easy deployment of push rods as compared to other engines is one of the key factors driving the growth of the automotive push rods market. Furthermore, adoption of hybrid engine to improve upon the fuel efficiency is one of the key trends that will contribute towards the growth of the automotive push rods market.
The automotive push rods market is anticipated to record a substantial CAGR of 21.32% over the forecast period i.e. 2019-2027. The market is segmented by vehicle type into two wheelers, passenger car, light commercial vehicles and heavy commercial vehicles, out of which, the commercial vehicles are anticipated to dominate the automotive push rod market on account of increasing logistics sector coupled with e-commerce industry.CLICK TO DOWNLOAD FREE SAMPLE
Escalation in the Demand for Passenger Vehicles
The growing urbanization and increasing disposable income of the middle-class population are likely to propel the demand for passenger cars and two wheelers across the globe. These factors are expected to boost the growth of the global automotive push rods market. Also, expanding logistics industry and e-commerce across the world has surged the demand for commercial vehicles, which in turn is expected to accelerate the growth of the automotive push rods market over the forecast period.
Increasing Environmental Safety Concern
Stringent rules and regulations regarding fuel emission, laid down by government of various countries all over the world has increased the sales and production of new vehicles. For instance, Government of India has planned a target that by 2020 all the vehicles should run on BS-6 standard. This will lead to rise in the production of new vehicles and as well as the sales as replacement of older vehicles will be required which is likely to expand the growth of global automotive push rod market.
Adverse effect on the sale of IC engine
The demand for electric vehicles is increasing as it not only complies with all the government rules but also provides better return on investment when compared to traditional vehicles. Several governments of various countries are promoting electro mobility vehicles i.e. metro, electric buses and other, which has impacted the sales of IC engine vehicles. The rising demand for electric vehicles is anticipated to restrain the growth of the automotive push rods market over the forecast period.
Our-in depth analysis of the automotive push rod market includes the following segments:
By Vehicle Type
By Design Type
By Material Type
By Sales Type
On the basis of geography, the automotive push market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
The North America automotive push rods market is anticipated to observe significant growth till 2027 owing to the increasing demand for high speed and premium vehicles in the U.S. and Canada. Along with this factor, the demand for high power engine vehicles is also increasing, which in turn is surging the growth of automotive push rods market throughout the forecast period. Followed by North America, Europe is expected to showcase healthy growth rate in the automotive push rod market during the forecast period due to multiple automobile manufacturers in the region. In Latin America, Middle East and Africa, the demand for automobiles are increasing owing to growing urbanization and improving financial condition, which in turn is projected to surge the growth of automotive push rods market in the region during the assessment period.
The automotive push rod market is further classified on the basis of region as follows:
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