The Global automotive rocker arm market is projected to reach US$ 36,406.8 Million in 2033. The surge in worldwide demand from the automotive manufacturing sector is driving the demand for a rocker arm.
According to Future Market Insights, the Global automotive rocker arm market is estimated to be valued at US$ 25,316.2 Million in 2023 and is projected to increase at a CAGR of 3.7% in the forecast period from 2023 to 2033.
| Attributes | Details |
|---|---|
| Market Size 2022 | US$ 24,413.3 Million |
| Market Size 2023 | US$ 25,316.2 Million |
| Market Size 2033 | US$ 36,406.8 Million |
| Value CAGR (2023 to 2033) | 3.7% |
The automotive rocker arm is an important part of the IC engine. The automotive rocker arm is the essential component in the engine which is responsible for transferring the camshaft's motion to the engine's intake and exhaust valves. This is done by the direct contact of the rocker arm with the engine’s tappets and by the motion of the shaft. The valves get movement from the cam lobes through rocker arms.
The key factor driving the expansion of the automotive rocker arm market is the increased production and sales automotive vehicles and also with a surge in two-wheelers production around the world. Numerous manufacturers are now concentrating on producing lightweight engines owing to numerous technology and inventions. Due to this, manufacturers make an effort to lighten up the numerous engine components that go into it. These factor is also fueling the global market.
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The analysis of Automotive rocker arm demand from 2018 to 2022 showed a historical growth rate of 2.8% CAGR.
In the historic period, the significant demand for automotive rocker arms from various vehicle manufacturing companies like the light and heavy commercial vehicles, passenger vehicles, and sport bike manufacturing industry on a global scale, was the key factor driving the expansion of the Automotive rocker arm market.
A changing regulatory environment, the introduction of new technology, and shifting consumer preferences have all contributed to the automotive industry's rapid evolution during the last few years. Manufacturers are inventing new key product developments with increased attention to releasing durable, long-lasting engines through innovation in rocker arm manufacturing technology, and this trend is anticipated to last during the projected period. OEMs have been forced to modify their manufacturing methods and implement effective manufacturing procedures due to the rising demand for fuel and energy-efficient automobile components.
As a result, the global market for the automotive rocker arm is expected to expand with a CAGR of 3.7% during the forecasted period.
The primary factor driving the global automotive rocker arm market is the surge in the automotive fleet, emerging commercial vehicle infrastructure, and continuous advancement in manufacturing technology in the global automotive sector.
An automotive rocker arm is an essential component of an engine; its failure renders the engine ineffective. A failure of automotive rocker arms is normally observed due to loads and areas of concentrated stress. Manufacturers are trying to explore new technologies and methods to prevent this problem. Many companies are using various lightweight materials, such as aluminum, and steel, titanium, and among others in the manufacturing of automotive rocker arms - to reduce the overall weight of an engine.
This invention plays an important role in the rocker arm market growth. Additionally, failure due to wear and tear of the rocker arm leads to an increase in its replacement ratio which ultimately increases its aftermarket sales in the global market, further fueling the global automotive rocker arm market.
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Increasing adoption of titanium-type rocker arms in automotive engine manufacturing is the latest trend in the automotive rocker arm market.
Rocker arms are made of a variety of materials, including steel, aluminium, and chrome-moly. Now-a-days, titanium is being widely used in the rocker arm industry to manufacture rocker arms. Titanium is more enduring, less dense, and more resistant to high temperatures and also corrosive resistant than steel. Additionally, the use of titanium in the manufacturing process makes the engine more lightweight, thus it can last longer as they are not subjected to high load.
These characteristics make Titanium a choice of material for last long and lightweight rocker arms over other materials. Many manufacturers use this type of rocker arm in the automotive engine after recognizing its advanced performance and extra life cycle benefit, thus contributing to the growth of the automotive rocker arm market.
The East Asia and the North America are among the top regions in terms of sales of automotive rocker arms, and they will collectively account for a significant share of the global automotive rocker arm market in 2022.
East Asia is expected to be a prominently lucrative region for the rocker arm market during the projection period. Many key automakers are present in the East Asia region. Additionally, a significant aftermarket sector that serves the automotive industry is also present in China and Japan. Furthermore, compared to other countries in the region, China has a prominent automotive market. Thus, it is anticipated that the rocker arm market would grow throughout the forecast period as a result of rising vehicle production and aftermarket sales in the region.
The population growth in the North America region which is driving rapid urbanization in the region, the region’s infrastructure development, and the growth of the construction sector are all predicted to enhance demand for heavy commercial vehicles. Additionally, the e-Commerce sector's expansion, the logistics sector's rapid expansion, and the rise in demand for heavy-duty trucks for cargo transport and shipment in the region increase sales of the vehicle fleet in the region. This contributes to a rise in Automotive rocker arm sales in the North America region.
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Key players operating in the Global automotive rocker arm market include Schaeffler Technologies AG & Co. KG, KYOCERA Corporation, Indo Schottle Pvt. Ltd., HITCHINER Manufacturing Co. Inc., Maharashtra Forge Pvt. Ltd., Decora Auto Forge Pvt. Ltd., OE Pushrods, Eurocams Ltd., Woosu Ams Co, Ltd., Guangzhou Kowze Auto Parts Co. Ltd., Federal-Mogul LLC, Kalyani Steels, Edelbrock LLC, Ghaziabad Precision Products, etc.
The market for automotive rocker arms is dominated by both organized and un-organized companies. An in-depth investigation of the information for the Automotive Rocker Arm Manufacturing sector indicates that some companies can dominate the market by using newer, cutting-edge technologies and continually improving their operational procedures to boost their revenue share. However, significant players are strengthening their market positions through the expansion of their product portfolios and strategic mergers and acquisitions.
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 3.7% from 2023 to 2033 |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD Million, Volume in Units, and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Design, Engine Type, Material Used, Vehicle Type, Fuel-Engine Type, Region |
| Regions Covered | North America; Latin America; Eastern Europe; Western Europe; East Asia; South Asia and Pacific; Central Asia; Russia & Belarus; Balkan & Baltic Countries; The Middle East and Africa |
| Key Countries Covered | USA, Canada, Mexico, Brazil, Argentina, Germany, The UK, France, BENELUX, Nordics, Italy, Spain, Poland, Hungary, Romania, Czech Republic, China, Japan, India, ASEAN, Türkiye, South Africa, Northern Africa, KSA, UAE, Israel, Australia & New Zealand |
| Key Companies Profiled | Schaeffler Technologies AG & Co. KG; KYOCERA Corporation; Indo Schottle Pvt. Ltd.; HITCHINER Manufacturing Co. Inc.; Maharashtra Forge Pvt. Ltd.; Decora Auto Forge Pvt. Ltd.; OE Pushrods; Eurocams Ltd.; Woosu Ams Co, Ltd.; Guangzhou Kowze Auto Parts Co. Ltd; Federal-Mogul LLC; Kalyani Steels; Edelbrock, LLC; Ghaziabad Precision Products |
| Customization and Pricing | Available upon Request |
In 2022, the value of the Global automotive rocker arm Market reached over US$ 24,413.3 Million.
During the forecast period, the Global Automotive rocker arm Market is estimated to expand at a CAGR of 3.7% during 2023 to 2033.
The Global Automotive rocker arm Market is projected to reach US$ 36,406.8 Million by the end of 2033.
East Asia and North America are projected to lead the Global Automotive rocker arm Market in the forecast period.
The key players operating in the Global Automotive rocker arm Market are Schaeffler Technologies AG & Co. KG, KYOCERA Corporation, Indo Schottle Pvt. Ltd., HITCHINER Manufacturing Co. Inc., Maharashtra Forge Pvt. Ltd., Decora Auto Forge Pvt. Ltd., OE Pushrods, Eurocams Ltd., Woosu Ams Co, Ltd., Guangzhou Kowze Auto Parts Co. Ltd., Federal-Mogul LLC, Kalyani Steels, Edelbrock LLC, Ghaziabad Precision Products, etc.
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