Automotive Connecting Rod Market Report Scope and Future Forecast

Automotive Connecting Rod Market Overview:

According to Market Research Future (MRFR), the global automotive connecting rod market is projected to register a CAGR of 4% from 2022 to 2030 (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.

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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 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.

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Automotive Connecting Rod Market Key Players