Automotive Connecting Rod Market

Growing demand for high-performance vehicles in emerging economies is driving the market growth

Market CAGR for automotive connecting rods is driven by the rising number of high-performance vehicles with more connecting rods than average-performance vehicles. Growing demand for high-performance vehicles in developing countries such as India and China will likely boost the demand for automotive pistons. Also, owing to expanding urbanization, changing demographics, enhancing the standard of living, and growing spending capacity of people are leading to the growth of vehicle sales across the globe. The surge in demand for high-performance vehicles in developed economies is also driving the market revenue.

Growing inclination towards comfort, safety, and convenience propels the demand for high-performance vehicles and more connecting rods.

Moreover, prominent automotive manufacturing firms are investing heavily in research to innovate and develop advanced techniques in automobiles to serve their consumers with the latest technologically equipped automobiles and maintain a good position in the market. Moreover, governments are also taking various initiatives and providing subsidies to promote the utilization of automobiles in their economies. Governments are also investing in research to fuel the automotive sector. The transition from BS-IV to BS-VI emission norms is anticipated to boost the production and sale of automotive vehicles in the coming years.

Furthermore, rising technological advancements in piston system, such as installing the cooling channel in the automotive connecting rod, is expected to support the Automotive Connecting Rod Market revenue growth. The use of advanced materials such as fracture-split forged steel increases the life of connecting rods. The developments for increasing the efficiency and strength of connecting rods show significant opportunities for new product development. The connecting rod is a key engine component that affects the weight of the crank train. Therefore measures must be taken to reduce their weight and improve the engine's mechanical efficiency.

As the connecting rods do not require regular replacements, they help reduce the automobile's overall maintenance cost. The other factors contributing to the growth of the market are the boom in the automotive industry, the increased use of advanced coating, the use of carbon fiber connecting rods in racing cars, and the increase in demand for internal combustion engines.

The increasing urbanization and industrialization are anticipated to augment the growth of the automotive piston equipment market. This is attributable to the rapid enhancement of technology by the automotive industry. Most manufacturing companies are now implementing automation to increase their productivity and profitability. Moreover, the improving economy of several countries worldwide due to industrialization has resulted in a rise in the disposable income of consumers. This has increased the sales of luxurious passenger cars, which is expected further to support the growth of the automotive connecting rod market.

The Global Automotive Connecting Rod Market Industry is characterized by various trends and projections that indicate its future trajectory. The market is anticipated to grow from 46.0 USD Billion in 2024 to 67.0 USD Billion by 2035, reflecting a robust compound annual growth rate of 3.49% from 2025 to 2035. This growth is driven by factors such as increasing vehicle production, advancements in manufacturing technologies, and evolving consumer preferences towards lightweight and efficient automotive components. As these trends unfold, they will shape the competitive landscape and influence strategic decisions within the industry.

The Global Automotive Connecting Rod Market Industry is closely tied to the increasing production and sales of vehicles worldwide. As emerging economies continue to develop, the demand for automobiles rises, leading to higher production rates. This surge in vehicle manufacturing directly correlates with the need for connecting rods, essential components in internal combustion engines. The market is likely to benefit from this trend, as the automotive industry anticipates a compound annual growth rate of 3.49% from 2025 to 2035. Consequently, the growing vehicle production is a pivotal driver for the connecting rod market.

Regulatory standards and emission norms play a crucial role in shaping the Global Automotive Connecting Rod Market Industry. Governments worldwide are implementing stringent regulations to curb vehicle emissions, prompting manufacturers to enhance engine efficiency. This necessitates the development of high-performance connecting rods that can withstand increased stress and temperatures. As automakers strive to meet these regulations, the demand for advanced connecting rods is likely to rise. This trend not only supports market growth but also encourages innovation in materials and designs, fostering a competitive landscape within the industry.

The Global Automotive Connecting Rod Market Industry experiences a notable shift towards lightweight materials, driven by the automotive sector's emphasis on fuel efficiency and emissions reduction. Manufacturers are increasingly adopting materials such as aluminum and advanced composites to produce connecting rods that are not only lighter but also maintain structural integrity. This trend aligns with the global push for sustainable automotive solutions, as lighter vehicles consume less fuel. As a result, the market is projected to reach 46.0 USD Billion in 2024, reflecting the industry's adaptation to these evolving material preferences.

The shift towards electric and hybrid vehicles presents both challenges and opportunities for the Global Automotive Connecting Rod Market Industry. While traditional internal combustion engines utilize connecting rods, the rise of electric vehicles may reduce the demand for these components. However, hybrid vehicles still rely on internal combustion engines, thus sustaining a market for connecting rods. Additionally, manufacturers are exploring innovative designs and materials to adapt connecting rods for hybrid applications, ensuring their relevance in a changing automotive landscape. This adaptability may influence market dynamics in the coming years.

Technological advancements in manufacturing processes significantly influence the Global Automotive Connecting Rod Market Industry. Innovations such as precision forging and additive manufacturing enhance the production efficiency and quality of connecting rods. These advancements allow for tighter tolerances and improved performance characteristics, which are crucial for modern engines. Furthermore, the integration of automation and robotics in manufacturing facilities contributes to reduced production costs and increased output. As these technologies continue to evolve, they are expected to support the market's growth trajectory, potentially reaching 67.0 USD Billion by 2035.

By region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The Asia Pacific automotive connecting rod market will dominate owing to enhanced production and sales of automobiles in this region. Countries such as India, China, and Japan are adopting advanced techniques to develop fuel-efficient and lightweight vehicles, leading to the expansion of this market in this region. Moreover, China’s automotive connecting rod market held the largest market share, and the Indian automotive connecting rod market was the fastest-growing market in the Asia-Pacific region.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: Automotive Connecting Rod Market Share By Region 2022 (USD Billion)

Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

Europe's automotive connecting rod market accounts for the second-largest market share due to the existence of prominent automotive manufacturing companies contributing to their market expansion in the region. Further, the German automotive connecting rod market held the most considerable market share, and the UK automotive connecting rod market was the fastest-growing market in the European region.

The North American automotive connecting rod market is expected to grow at the fastest CAGR from 2023 to 2032 as OEMs in this region invest in research and development of new products to curb air pollution caused by vehicle emissions. Moreover, US automotive connecting rod market held the largest market share, and the Canadian automotive connecting rod market was the fastest-growing market in the North American region.

Leading market players are investing heavily in research and development to expand their product lines, which will help the automotive connecting rod market grow even more. Market participants are also undertaking various strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the automotive connecting rod industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the global automotive connecting rod industry to benefit clients and increase the market sector. Major players in the automotive connecting rod market, including Tianrun Crankshaft Co., Ltd., Arrow Precision Ltd., Albon Engineering & Manufacturing plc, JD Norman Industries,  CP Carrillo.,  Wossner Pistons, Wiseco Piston Company Inc., and others, are attempting to improve market demand by investing in research and development operations.

CP-Carrillo, LLC is a leading global manufacturer of high-performance engine components. The company serves many customers, including professional racing teams, engine builders, performance enthusiasts, and OEM manufacturers. CP-Carrillo's products are used in various motorsports disciplines, such as drag racing, road racing, off-road racing, and more. In April 2020, CP Carrillo introduced a new line of titanium connecting rods for motorbikes. These connecting rods are built to last longer as titanium has high-temperature resistance.

Mahle GmbH is an engine systems and components manufacturing company. The company supplies piston systems, cylinder components, and other components. Mahle offers engine systems, filtration, thermal management, and electrics/mechatronics products. Mahle's product pipeline includes connecting piston rings, rods, cylinder liners, bearings, piston pins, and bushings for combustion engines and other products for automotive applications. The company also provides engineering, module testing, engine testing and cooling wind tunnel, among others. It offers products for passenger cars, commercial vehicles, motorsport and high-performance engines and other industrial applications.

In February 2019, MAHLE, a pioneer in future mobility, started its new production process to develop steel pistons for passenger cars with powerful engines.