Automotive Rocker Arm Market Size, Share, and Industry Analysis, By Design (Stamped Steel, Roller Tipped, Full Roller Rocker Arm, Shaft Rocker Arm, Central Pivot, and End Pivot Rocker Arm), By Engine Type (Push Rod Engine and Overhead Cam Engine), By Application (Passenger Vehicle, Commercial Vehicle, and Motorcycles) and Regional Forecast, 2024-2032

The automotive rocker arm is an essential component in the IC-Engine, which helps transfer the motion of the camshaft to the intake and exhaust valves of the engine. The motion transfer is facilitated by direct contact of the rocker arm with the engine’s tappet at one of its ends, and the other end of the component is joined with the intake and exhaust valve.

An automotive rocker arm failure renders the engine ineffective and is mostly observed due to loads and areas of concentrated stress. Owing to the need for strong and lightweight material, titanium is increasingly used for rocker arms in the global automotive market. Titanium increases corrosion resistance and reduces weight, hence improving fuel efficiency and aiding the engine in lasting longer due to lesser load.

The demand for automotive rocker arms is continuously fueled by the surge in automotive fleets, emerging commercial vehicle infrastructure, and advancements in manufacturing technology. The rocker's arm plays a critical role in improving the fuel efficiency of the IC Engine by reducing friction and improving the flow of air and fuel. Hence, the rising demand for fuel-efficient vehicles will drive the rocker arm market.

The growing awareness of environmental concerns is slowly migrating customers to a greener alternative, i.e., Electric vehicles, and the adoption of electric vehicles may suppress the need for the automotive rocker arm. Stricter regulations and emission norms may shift manufacturers' focus toward EVs, resulting in a lower need for rocket arms. As the automobile industry moves toward electrification and automation, it may pull the IC engine into the back seat.

The COVID-19 pandemic introduced a temporary global shutdown in many sectors. This temporary shutdown impacted various industries negatively, leading to revenue decline, loss of product sales, slowed production rate, unemployment, and many other severe impacts. This led to an economic downturn as the majority of the manufacturing facilities were suspended or working at half capacity.

It is quite intuitive that the growth of the automotive rocker arm market is directly proportional to the growth of the overall automotive market. As COVID-19 hit the world in early 2020, all the major economies had multiple setbacks due to lockdowns and supply chain bottlenecks. China and Japan play a vital role in passenger car production; both countries had to cut back on their production significantly. FY-20 was highly dissatisfied when it came to passenger car sales throughout the globe as consumer sentiments and preferences took a huge shift. Consumers started refraining from buying luxury goods.

The closure of production plants and shortage of workforce due to stricter social distancing norms also affected the production of new vehicles. Another issue was regarding the procurement of raw materials. The supply chain tailback affected the companies' ability to procure sufficient raw materials to meet their production needs, and at the same time, the elevated inflation significantly raised the cost of production. Fluctuations in prices of steel and other key metals, the raw material for automotive rocker arms, significantly affected the market by northward cost movement.

Segmentation

Key Insights

The report covers the following key insights:

• Key Industry Developments – Mergers, Acquisitions, and Partnerships
• Porter's Five Forces Analysis
• Technological Developments
• Impact of COVID-19 on the Automotive Rocker Arm Market

Analysis by Design

By design, the market is segmented into stamped steel, roller tipped, full roller rocker arm, shaft rocker arm, central pivot, and end pivot rocker arm. The stamped steel rocker arm segment is dominant due to its widespread use in standard engine applications, which is driven by cost-effectiveness and adequate performance for everyday vehicles. These rocker arms are known for their durability and cost-effectiveness and are commonly used in mass-produced engines. They are lightweight and provide satisfactory performance for standard engines.

Roller Tipped Rocker Arm features a roller tip; these arms reduce friction at the valve tip, enhancing performance and efficiency. They are favored in high-performance applications due to their ability to reduce wear and tear on the valve train.

A full roller rocker arm is equipped with roller bearings at both the tip and the pivot; these rocker arms significantly reduce friction throughout the entire movement. This design is ideal for high-performance engines, offering superior efficiency and longevity. Shaft Rocker Arm, Centre Pivot Rocker Arm, and End Pivot Rocker Arm also contributed to market growth.

Regional Analysis

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The global market is geographically segmented into North America, Europe, Asia Pacific, and the Rest of the World. Asia Pacific is predicted to lead the automotive rocker arm market over the coming years. The automotive rocker arm market is positively correlated with the overall growth of the automotive industry. Asia Pacific is witnessing an attractive demand for both Passenger and commercial vehicles owing to the increased preference of consumers to own cars and increased penetration of industry and its related services, respectively. Multiple factors that strengthen our notion of Asia Pacific being the leader include the rising populace migrating to the Middle-income bracket, rising disposable income, multiple presences of OEM in China and Japan, Cheap access to labor, emission reduction regulation, and growing urbanization, among others. The increasing use of motorcycles by e-commerce and service delivery businesses will also contribute toward positive growth for the rocker arm market.  Additionally, Asia-Pacific's market growth is optimistic as the region heavily engages in automotive development activities, such as fuel-efficient engines to cater to the market and increasing R&D to meet the strict government norms.

Key Players Covered

The report includes the profiles of key players, such as OE Pushrods, Woosu Ams Co. Ltd, Guangzhou Kowze Auto Parts Co. Ltd, Federal-Mogul LLC, Schaeffler Technologies AG, Rane Engine Valve Ltd, Amtech International, Nitan Valve Co. Ltd, Smit Auto Industries, and Kyocera Corporation.

Key Industry Developments

• March 2021 - Rane Engine Valve Limited launched a fleet of new products, which includes a rocker arm, camshafts, and valve tappets. The new products are designed and launched to meet the growing demand for high-performance automotive components.