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Automotive Connecting Rod Market Size

Report ID: GMI12435
Published Date: Nov 2024
Report Format: PDF

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Automotive Connecting Rod Market Size

The global automotive connecting rod market size was valued at USD 40.8 billion in 2024 and is projected to grow at a CAGR of 4.5% between 2025 and 2034, due to the increasing demand for high-performance vehicles. As consumer preferences shift toward more powerful and fuel-efficient cars, manufacturers are focusing on producing lightweight, durable, and high strength connecting rods. This demand is particularly prominent in sports cars, luxury vehicles, and electric vehicles, where performance and efficiency are critical.

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Technological advancements in materials, such as the use of titanium and advanced alloys, are further enhancing rod performance. Additionally, growing interest in motorsports fuels demand for specialized, high-performance connecting rods. This trend drives innovation and competition in the market, fostering overall growth.

Automotive Connecting Rod Market Report Attributes
Report Attribute	Details
Base Year:	2024
Automotive Connecting Rod Market Size in 2024:	USD 40.8 Billion
Forecast Period:	2025 - 2034
Forecast Period 2025 - 2034 CAGR:	4.5%
2034 Value Projection:	USD 63.3 Billion
Historical Data for:	2021 - 2024
No. of Pages:	180
Tables, Charts & Figures:	200
Segments covered:	Material, Process, Vehicle, Sales Channel
Growth Drivers:	Increasing demand for high-performance vehicles Growth in electric vehicle (EV) production and adoption Advancements in materials and manufacturing technologies Rising demand for lightweight and fuel-efficient automotive components
Pitfalls & Challenges:	Fluctuating raw material costs Intense competition from low-cost regional manufacturers

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For instance, according to GMI Hybrid Electric Vehicle Conversion Kit Market size was valued at USD 344.3 million in 2023 and is estimated to register a CAGR of over 15% between 2024 and 2032. This high rapid transition to hybrid and electric vehicles is anticipated to generate demand for automotive connecting rod that caters to production of EVs in the coming years.

Another growth driver for the automotive connecting rod market is the increased production of electric vehicles (EVs). As EV manufacturers focus on improving motor performance and efficiency, lightweight and durable connecting rods are in demand for powertrains. The rise in global EV adoption leads to more stringent performance requirements, pushing for advanced material and design innovations. Furthermore, EVs require fewer components, making the quality and strength of connecting rods even more critical. This shift accelerates the need for specialized connecting rod solutions in the growing EV market.

Authors: Preeti Wadhwani, Satyam Jaiswal

Frequently Asked Questions (FAQ) :

The market size of automotive connecting rod reached USD 40.8 billion in 2024 and is set to grow at a 4.5% CAGR from 2025 to 2034, driven by the increasing demand for high-performance vehicles.

The OEM segment held over 85% of the market share in 2024, supported by established relationships with vehicle manufacturers and the ability to provide high-quality, warranty-backed components.

The China market accounted for 60% of the revenue share in 2024 and is expected to exceed USD 10 billion by 2034, led by its position as the world’s largest automotive manufacturer and consumer.

The major players in the industry include Aisin Seiki, Bharat Forge, CP-Carrillo, Cummins, Federal-Mogul, Linamar, Mahle, Schaeffler AG, and Tupy S.A.