Automotive Connecting Rod Market Overview:
According to Market Research Future (MRFR), the global automotive connecting rod market
size is projected to register a CAGR of 4% from 2023 to 2032 (forecast
period). The research report offers a brief overview of the influence of
COVID-19 on current/future market situations.
The report explains some of the key market factors that will influence
the growth of this sector, such as market share, the main region, and key
players.
Automotive connecting rods are rods used to connect the piston to a
crank or crankshaft in a reciprocating piston engine. Automotive connecting
rods must pass quality checks before their supply to clients.
Automotive Connecting Rod Market Key Players
- Wossner Pistons
- Wiseco Piston Company Inc.
- Nangong Jingqiang Connecting
Rod Co. Ltd
- Pauter Machine
- Albon Engineering &
Manufacturing Plc
- Tianrun Crankshaft Co. Ltd.
- JD Norman Industries Inc.
- CP-Carrillo
- Power Industries
- Arrow Precision Engineering
Ltd.
- Mahle GmbH
- Magal Engineering Ltd.
- Robson Engineering
- Yasunaga Corporation
- Cummins Inc.
- Linamar Corporation
Automotive Connecting Rod Market Dynamics
The use of advanced materials like fracture-split forged steel leads to
an increase in the life of the connecting rods. Developments to increase the
efficiency and strength of connecting rods show significant opportunities for
new product development.
The connecting rod is a crucial component of the engine that affects the
weight of the crank train. Measures must, therefore, be taken to reduce their
weight and improve the mechanical efficiency of the engine. As connecting rods
do not require regular replacements, they help reduce the overall maintenance
costs of the automotive.
Other factors propelling the market's growth are the boom in the
automotive industry, the increased use of advanced coatings, the use of carbon
fiber connecting rods in racing cars, and the increase in demand for internal
combustion engines.
The global market for automotive connecting rods is projected to
experience vital growth opportunities with the assembly of carbon fiber
connecting rods in racing cars. The increase in demand for sports cars is
increasing the use of carbon fiber connecting rods to make cars lighter and
more robust.
The market is experiencing challenges with the need for engine
downsizing that reduces the engine's size and simultaneously delivers power
equivalent to the larger engine by adding devices such as a turbocharger, a
supercharger, or by integrating direct fuel injection technology. Engine
downsizing helps enhance the fuel efficiency of the vehicle and reduce overall
carbon emissions.
Automotive Connecting Rod Market Regional Analysis
Region-wise, the global automotive connecting rod market share has been divided
into four major regions: North America, Europe, Asia Pacific, and the Rest of
the World.
The Asia Pacific will lead the market for automotive connecting rod
throughout the forecast period. The economic growth of developing countries,
such as China and India, is driving the market growth. Increasing investment in
industrialization and infrastructure contributes to higher demand for vehicles,
which is fueling the development of the connecting rod material market.
Automotive Connecting Rod Market Segmentation
By Material
- Steel
- Aluminum
- Others
By Process Type
- Forged
- cast rods
- powder metals
By Vehicle Type
- Passenger cars
- Commercial vehicles
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