Automotive Connecting Rod Bearing Market Expected to Reach USD 493.7 Million by 2032, Growing at a 12.8% CAGR | FMI Reports

Automotive Connecting Rod Bearing Market
Automotive Connecting Rod Bearing Market

The global automotive connecting rod bearing market is projected to reach USD 189.2 million in 2022 and grow steadily at a CAGR of 12.8% through 2032, with an expected value of USD 493.7 million by the end of the forecast period.

Connecting rod bearings, also known as rod-end bearings, are critical components in engine assemblies. These two-piece bands work with connecting rods and bearings to produce rotary motion and handle varying loads and pressures, depending on engine type. They are widely used in different types of vehicles across the global market.

Technical design experts highlight the importance of precision in manufacturing these bearings, as any imperfections can lead to substantial losses in the automotive sector. To improve the mechanical efficiency of engines, lightweight materials are commonly used in the production of connecting rod bearings.

Get a Comprehensive automotive connecting rod bearing industry Overview –Request Your Sample Report and Drive Business Success!

Automotive Connecting Rod Bearing Market: Dynamics

The increased longevity of connecting rod bearings brought on by the advent of new, inventive materials has increased the dependability of engine parts and components, making the market for automobile connecting rod bearings sustainable. The increased market activity brought on by the automotive connecting rod bearing’s increased efficiency and durability will be a major driving force for the connecting rod bearing due to the overall global expansion of the automotive industry. Consumers of today are paying more attention to performance-oriented parts that could be significant drivers due to their high quality of life. Due to features including dependability and durability, the automotive connecting rod market will develop overall in the near future as the automotive connecting rod bearing markets expand.

The rise in vehicle demand has boosted the desire to create and design more connecting rod bearings for automobiles with cutting-edge technological characteristics. One of the main factors influencing the development of automotive connecting rod bearings is the increased demand for cars and internal combustion engines in emerging countries. The usage of lightweight components is the primary engine component, increasing the engine’s overall efficiency. Regular oil and oil filter changes reduce bearing wear, which will gradually increase anticipated aftermarket sales with a noticeable pace in the global market over the course of the projection period. The rise of the automotive connecting rod bearing market has been fueled by the aftermarket, which has gained momentum as a result of the rising number of vehicles on the road.

The use of electronic systems for motion can possess a threat to automotive connecting rod bearing.

Automotive Connecting Rod Bearing Market: Market Participants

Examples of some of the market participants in the global automotive connecting rod bearing market, identified across the value chain include:

  • NSK Ltd.
  • NTN Bearing Corporation
  • Schaeffler
  • Aisin Seiki
  • SKF
  • Timken Company
  • MinebeaMitsumi Inc.
  • BNL Bearings
  • ORS Bearings
  • CW Bearing
  • IMB Bearings
  • KCI Bearings (India) Pvt. Ltd.
  • FBJ Corporation
  • Howon Autopart Co. Ltd

Automotive Connecting Rod Bearing Market: Segmentation

By sales channels, 

  • Original Equipment Manufacturers
  • Aftermarket

By material type, 

  • Aluminum
  • Stainless steel
  • High-carbon steel
  • Babbitt

By vehicle type, 

  • Heavy Commercial Vehicles
  • Light Commercial Vehicles
  • Hybrid Electric Vehicles
  • Two Wheelers

Automotive Connecting Rod Bearing Market: Regional Outlook

Automotive connecting rod bearing is expected to see a rapid growth in all the developed and developing countries in the coming future. Despite the increasing potential and the high living standard in North America, Europe and Asia Pacific region have a high potential for spending more due to the inventive growth of the automotive industry in these regions which has generated tremendous demand for the automotive connecting rod bearings. Advanced technological features has resulted in the expansion of automotive connecting rod bearing facilities in all vehicle types.

The United States of America, Japan and Germany are considered as the mature markets for automotive connecting rod bearing which have seen high demand for vehicle customization, therefore high sales of custom auto components such as automotive connecting rod bearings have witnessed in the aftermarket. The increase in the efficiency and the sales of vehicles in the developing markets has also seen an increased trend in the APAC region.

Developing markets in the Asia Pacific region, especially India, China and Russia will play a crucial role in the expansion of the automotive connecting rod bearing market in the near future.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:      

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube

About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like these