Global automotive push rods market segmentation by application and geography
Technavio’s report on the global automotive push rods market analyses the business dimensions and presents a comprehensive breakdown in terms of market segmentation by application which includes passenger cars and commercial vehicles. As projected in 2016, around 62% of the market share originated from the passenger cars segment.
Based on geography, the global automotive push rods market has been segmented into the Americas, EMEA, and APAC. As of 2016, over 52% of the market share came from the Americas.
“Although cost-effective vehicles are becoming more popular compared with performance vehicles. However, push rod engines are still being used by some car enthusiasts in the market. Therefore, the market share for the automotive push rods market in the Americas is quite high compared with other regions,” says Ganesh Subramaniam, a lead analyst at Technavio for automotive components research.
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Automotive push rods market: competitive vendor landscape
The global automotive push rods market is quite competitive and occupied by a large number of players in the automotive aftermarket segment. The market is characterized by the presence of well-diversified international, regional, and local players. The local and regional vendors in the market offer cost-effective push rods with limited functionalities. However, international players are moving into more advanced technologies. Therefore, their presence is decreasing in many regions.
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Other topics covered in the report:
- Low production cost of push rods
- Ease of design of push rods and push rod engines
- Stringent emission norms
- Increasing preference for fuel-efficient vehicles
- Titanium push rods for increased performance
- Increasing hybrid engines for high fuel economy
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