According to Stratistics MRC, the Global Rocker Arm Assembly Market is accounted for $20.82 billion in 2020 and is expected to reach $26.38 billion by 2028 growing at a CAGR of 3.0% during the forecast period. Factors such as the increasing number of residential and commercial construction projects, agricultural mechanization, and rise in government initiatives for the reduction in vehicle emission are driving the growth of the market. However, the raw material shortage caused by corona pandemic across the world is hampering the growth of the market.
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Based on the application, the automotive segment is anticipated to expand at a rapid pace during the forecast period owing to the development of road and infrastructure coupled with rapid expansion of the logistics industry. By geography, Asia Pacific is going to have high growth during the forecast period which can be attributed to the increase in vehicle production along with the rise in disposable income of the population across the region.
Some of the key players profiled in the Rocker Arm Assembly Market include Deere & Company, Atlas Copco, General Motors, Volkswagen, Eaton, Mahindra, Caterpillar, Toyota, Volvo Group, AGCO Corporation, Mitsubishi Heavy Industries, CNH Global NV, Fiat Chrysler, Nissan, and Hyundai.
• Rolling Stock Diesel Engine
• Construction & Mining Equipment
• Stationary Engines
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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