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.
The rod-end bearing, sometimes referred to as the connecting rod bearing in automobiles, is an essential component of an engine assembly. It produces the rotatory motion when the connecting rods and bearings are connected since it is a two-piece band. Depending on the type of engine, it can handle the maximum load capacity and pressure. On the international auto market, automotive connecting rod bearings are widely employed in all types of vehicles.
The connecting rod bearing for automobiles should, according to technical design experts, be produced and designed with the highest standards of quality and precision because even a minor error can create a significant loss for the automotive industry. Therefore, connecting rod bearings for automobiles are made of lightweight materials, boosting the overall mechanical performance efficiency of the engine.
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Automotive Connecting Rod Bearing Market: Dynamics
The market for vehicle connecting rod bearings is now sustainable due to the longer lifespan of connecting rod bearings brought on by the development of new, creative materials, which has raised the dependability of engine parts and components. Due to the overall worldwide expansion of the automotive sector, the increased market activity brought on by the automotive connecting rod bearing’s greater efficiency and durability will be a significant driving force for the connecting rod bearing. Due to their high quality of life, consumers today are more interested in performance-oriented components that could be key drivers. The automotive connecting rod market will grow overall in the near future as the automotive connecting rod bearing markets expand due to characteristics like dependability and durability.
Increased demand for automobiles has increased the desire to produce and manufacture more connecting rod bearings for vehicles with cutting-edge technological features. The rising demand for cars and internal combustion engines in developing nations is one of the key factors impacting the development of automotive connecting rod bearings. The main engine component that increases the engine’s overall efficiency is the use of lightweight components. Regular oil and oil filter changes reduce bearing wear, which over the course of the projection period will gradually boost expected aftermarket sales at a discernible speed in the global market. The aftermarket, which has gained speed as a result of the increasing number of vehicles on the road, has contributed to the growth of the automotive connecting rod bearing industry.
The use of electronic systems for motion can possess a threat to automotive connecting rod bearing.
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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
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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