The global automotive connecting rod bearing market size is expected to reach US$ 189.2 Million in 2022 and exhibit steady growth at a CAGR of 12.8% during the forecast period from 2022 to 2032. As per FMI, the automotive connecting rod bearing market is anticipated to be valued at US$ 493.7 Million in 2032.
An essential component of an engine assembly is the automotive connecting rod bearing, sometimes referred to as the rod-end bearing. Being a two-piece band, when the connecting rods and bearings are joined, it produces the rotatory motion. Depending on the type of engine, it can manage the maximum load capacity and pressure. On the global market, automotive connecting rod bearings are primarily employed in all types of vehicles.
The automotive connecting rod bearing should be produced and developed with the finest quality and precision, say technical design specialists, since even a little defect can cause a significant loss for the car sector. As a result, the connecting rod bearings for automobiles are made with lightweight materials, increasing the engine’s total mechanical efficiency.
Automotive Connecting Rod Bearing Market: Dynamics
The automotive connecting rod bearing market is viable due to the enhanced longevity of connecting rod bearings due to the introduction of new, innovative materials, which has improved the dependability of engine parts and components. The automotive connecting rod bearing’s improved efficiency and robustness have sparked more new market efforts, which will be a significant driver for the connecting rod bearing due to the general worldwide growth of the automotive sector. The high level of life of today’s consumers has drawn their attention more to performance-oriented components that might serve as important drivers. The automobile connecting rod market will rise overall due to factors such as dependability and longevity for the overall growth of the automotive connecting rod bearing markets in the coming future.
Vehicle demand has increased, which has led to a greater desire to produce and design more automobile connecting rod bearings with cutting-edge technological features. The rising demand for cars and internal combustion engines in developing nations is a key development factor for automotive connecting rod bearings. Since the main engine component is the use of lighter components, the engine’s overall efficiency is increased. Regular oil and oil filter changes minimise bearing wear, which over the course of the forecast period will gradually boost predicted aftermarket sales with a notable pace in the global market. The aftermarket has gained impetus as a result of the growing number of vehicles on the road, which has sparked the expansion of the automotive connecting rod bearing market.
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The use of electronic systems for motion can possess a threat to automotive connecting rod bearing.
Automotive Connecting Rod Bearing Market: Segmentation
The automotive connecting rod bearing market can be segmented by sales channel, material type and vehicle type.
By sales channels, the automotive connecting rod bearing market can be segmented as:
- Original Equipment Manufacturers
- Aftermarket
By material type, the automotive connecting rod bearing market can be segmented as:
- Aluminum
- Stainless steel
- High-carbon steel
- Babbitt
By vehicle type, the automotive connecting rod bearing market can be segmented as:
- Heavy Commercial Vehicles
- Light Commercial Vehicles
- Hybrid Electric Vehicles
- Two Wheelers
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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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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
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