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.
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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.
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