Global Automotive Connecting Rod Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Application;

Passenger cars and Commercial vehicles.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn197457796 Published Date: May, 2024 Updated Date: June, 2024

Introduction

Global Automotive Connecting Rod Market (USD Million), 2020 - 2030

In the year 2023, the Global Automotive Connecting Rod Market was valued at USD 640.11 million. The size of this market is expected to increase to USD 745.43 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 2.2%.

The Global Automotive Connecting Rod Market plays a crucial role in the functioning of internal combustion engines, serving as a vital component in converting linear motion into rotational motion. Connecting rods are essential for transmitting power from the piston to the crankshaft, thereby facilitating the movement of vehicles. As a fundamental part of engine assembly, connecting rods undergo stringent quality standards to ensure durability, reliability, and performance. Manufacturers in the automotive industry continually strive to enhance the design, materials, and manufacturing processes of connecting rods to meet the evolving demands of modern vehicles.

In recent years, advancements in materials science and manufacturing technologies have significantly influenced the automotive connecting rod market. Manufacturers are increasingly adopting lightweight materials such as forged steel, aluminum, and titanium to improve fuel efficiency and reduce emissions. Advancements in machining techniques, such as CNC (Computer Numerical Control) machining, enable precise manufacturing of connecting rods, contributing to enhanced engine performance and longevity. The demand for high-performance vehicles with turbocharged or supercharged engines has driven the market for specialized connecting rods designed to withstand higher stress and temperature levels.

The Global Automotive Connecting Rod Market is also influenced by trends in vehicle electrification. While electric vehicles (EVs) do not require traditional connecting rods for internal combustion engines, hybrid vehicles incorporate them in their powertrains. As the automotive industry transitions towards electrification, manufacturers are developing innovative connecting rod designs tailored to the unique requirements of hybrid and electric powertrains. The aftermarket segment of the automotive connecting rod market remains robust, driven by the need for replacement and performance upgrade options for enthusiasts and vehicle owners seeking enhanced engine performance and reliability.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Application
    2. Market Snapshot, By Region
  4. Global Automotive Connecting Rod Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Automotive Industry Growth
        2. Vehicle Production
        3. Technological Advancements
        4. Stringent Emission Regulations
        5. Rising Demand for Performance Vehicles
      2. Restraints
        1. Regulatory Standards and Emissions Norms
        2. Technological Changes
        3. Supply Chain Disruptions
        4. Availability of Alternative Materials
      3. Opportunities
        1. Lightweight Materials Adoption
        2. Advanced Manufacturing Techniques
        3. Electric Vehicle Market Growth
        4. Performance Enhancement
        5. Engine Downsizing and Turbocharging
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Automotive Connecting Rod Market, By Application, 2020 - 2030 (USD Million)
      1. Passenger cars
      2. Commercial vehicles
    2. Global Automotive Connecting Rod Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Albon Engineering and Manufacturing Plc
      2. Cummins Inc.
      3. Dover Corp.
      4. Honda Motor Co. Ltd.
      5. IT Forging (Thailand) Co. Ltd.
      6. JD Norman Industries Inc.
      7. Linamar Corp.
      8. MAHLE GmbH
      9. Sanjo Machine Works Ltd.
      10. YASUNAGA Corp.
  7. Analyst Views
  8. Future Outlook of the Market