As per MRFR analysis, the Automotive Connecting Rod Bolt Market Size was estimated at 1.86 (USD Billion) in 2022. The Automotive Connecting Rod Bolt Market Industry is expected to grow from 1.91(USD Billion) in 2023 to 2.5 (USD Billion) by 2032. The Automotive Connecting Rod Bolt Market CAGR (growth rate) is expected to be around 3.01% during the forecast period (2024 - 2032).
Amidst the rapidly evolving automotive landscape, the Global Automotive Connecting Rod Bolt Market is characterized by several prominent trends. The growing demand for lightweight and fuel-efficient vehicles is driving the adoption of forged connecting rod bolts. These bolts offer superior strength and durability while reducing overall vehicle weight.
The automotive industry's transition towards electric vehicles presents significant opportunities for the connecting rod bolt market. As electric motors require fewer moving parts compared to internal combustion engines, the demand for high-performance connecting rod bolts is likely to grow. Additionally, the use of advanced materials such as titanium and high-strength steel alloys is gaining traction in this market.
In recent times, the implementation of stringent emission regulations has emphasized the development of eco-friendly connecting rod bolts. Manufacturers are exploring the use of lightweight and corrosion-resistant materials to meet these regulations while enhancing the overall performance of their products. The market is also witnessing increased adoption of precision manufacturing techniques to ensure consistent quality and reliability.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Increasing Demand for Lightweight Vehicles
The major driving factor for the Global Automotive Connecting Rod Bolt Market Industry is the increase in the demand for lightweight vehicles. Governments across the world have been imposing stringent fuel economy regulations. Therefore, the automakers have been focusing on reducing the weight of their vehicles. The connecting rod bolt plays an important role in reducing the weight of the engine. The connecting rod bolt connects the pistons to the crankshaft.The lightweight of the connecting rod bolt results in the decreased weight of the engine. Thereby, it could help in getting better fuel efficiency. This trend is expected to continue in the next few years, as automakers tend to meet stringent fuel economy standards.
Growing Popularity of Electric Vehicles
The growing popularity of electric vehicles is another major driver of the Global Automotive Connecting Rod Bolt Market Industry. For example, electric vehicles need different types of connecting rods than internal combustion engine vehicles. This is because electric motors run at higher speeds and create more torque than internal combustion engines, which means that connecting rods for electric vehicles need to be able to carry higher loads and withstand stresses.In the coming years, the growing popularity of electric vehicles is likely to drive the growth of the connecting rod bolt market.
Technological Advancements
Apart from the aforementioned trends, the Global Automotive Connecting Rod Bolt Market Industry is also likely to be affected by a range of technological advancements. Specifically, in recent years, new materials and manufacturing practices were invented to ensure that connecting rod bolts are more efficient and durable. For instance, it is expected that in the years to come, an increasing number of companies will use high-strength steel alloys and new heat treatments to invent innovative types of bolts that are significantly lighter and stronger than the conventional ones.
The Global Automotive Connecting Rod Bolt Market is segmented by Material into Steel, Aluminum, and Titanium. Steel is the most commonly used material for connecting rod bolts due to its high strength, durability, and relatively low cost. Steel connecting rod bolts are typically made from alloy steels such as 4340, 300M, and H-11. Aluminum connecting rod bolts are lighter than steel bolts and offer good strength and corrosion resistance. However, they are more expensive than steel bolts. Aluminum connecting rod bolts are typically made from 7075 or 6061 aluminum alloys.Titanium connecting rod bolts are the lightest and strongest of the three materials, but they are also the most expensive. Titanium connecting rod bolts are typically made from Ti-6Al-4V titanium alloy.
The Global Automotive Connecting Rod Bolt Market for Steel is expected to grow from USD 1.23 billion in 2023 to USD 1.41 billion by 2032, at a CAGR of 1.4%. The growth of the steel segment is attributed to the increasing demand for high-strength and durable connecting rod bolts in automotive applications. The Global Automotive Connecting Rod Bolt Market for Aluminum is expected to grow from USD 0.46 billion in 2023 to USD 0.62 billion by 2032, at a CAGR of 2.9%.The growth of the aluminum segment is attributed to the increasing demand for lightweight and corrosion-resistant connecting rod bolts in automotive applications.
The Global Automotive Connecting Rod Bolt Market for Titanium is expected to grow from USD 0.22 billion in 2023 to USD 0.47 billion by 2032, at a CAGR of 8.1%. The growth of the titanium segment is attributed to the increasing demand for high-performance and lightweight connecting rod bolts in automotive applications
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
The Global Automotive Connecting Rod Bolt Market is segmented by Bolt Type into Torque to Yield, Tensile, and Stud. The Torque to Yield segment is determined to hold the largest share in the market during the forecast period due to its ability to resist high loads and cost-effectiveness. The Tensile segment is estimated to experience stable growth because of its high strength and durability. The Stud segment is expected to adopt a moderate speed of growth because it is used where high clamping force is required. In 2023, the Torque to Yield segment covered about 55% of the Global Automotive Connecting Rod Bolt Market revenue and the perspective of the Tensile and Stud segments comprised about 45%.Therefore, this market is determined to grow in the long run due to increasing demand for lightweight and fuel-efficient vehicles.
Engine Application Segment The global automotive connecting rod bolt market is segmented by engine application into gasoline, diesel, and electric. The gasoline segment is expected to account for the largest share of the market in 2023 and is projected to continue to grow at a steady pace over the forecast period. The growth of this segment is primarily attributed to the increasing demand for gasoline-powered vehicles in emerging markets.
The diesel segment is expected to witness moderate growth over the forecast period, driven by the growing popularity of diesel engines in commercial vehicles.The electric segment is expected to experience significant growth over the forecast period, owing to the increasing adoption of electric vehicles. In 2023, the gasoline engine application segment is expected to account for approximately 60% of the global automotive connecting rod bolt market revenue, while the diesel and electric segments are expected to account for approximately 25% and 15%, respectively.
The Connection Type segment of the Global Automotive Connecting Rod Bolt Market is divided into Pinned and Unpinned. The Pinned segment accounted for a larger market share in 2023, owing to its increased usage in high-performance engines. The growth of the market is attributed to increasing vehicle production, rising demand for fuel-efficient vehicles, and stringent emission regulations.
Key players in the Global Automotive Connecting Rod Bolt Market include Federal-Mogul, MAHLE, and Rheinmetall Automotive. These companies are focusing on product innovation and expansion into emerging markets to maintain their market share.Overall, the Connection Type segment offers significant growth opportunities for market participants. Manufacturers are focusing on developing innovative products to meet the evolving needs of the automotive industry.
The Grade segment of the global Automotive Connecting Rod Bolt Market is classified into 8.8, 10.9, and 12.9. Among these, the 10.9 grade segment held the largest market share in 2023, owing to its higher strength and durability compared to 8.8 grade bolts. The 12.9 grade segment is expected to witness significant growth over the forecast period due to its superior strength and ability to withstand higher loads. The 8.8 grade segment is projected to have a steady growth rate during the forecast period.
The Global Automotive Connecting Rod Bolt Market is segmented by region into North America, Europe, APAC, South America, and MEA. North America is expected to hold the largest share of the market in 2023, followed by Europe and APAC. The growth in the North American market is attributed to the increasing production of automobiles in the region.
Europe is also a major market for automotive connecting rod bolts, due to the presence of a large number of automotive manufacturers in the region. The APAC region is expected to witness significant growth in the coming years, due to the increasing demand for automobiles in the region.South America and MEA are also expected to witness growth in the coming years, due to the increasing demand for automobiles in these regions.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Major players in the Automotive Connecting rod bolt Market industry are continuously striving to gain a competitive edge over their rivals by developing products at competitive prices. Leading Automotive Connecting rod bolt Market players are focusing on developing new products to cater to the changing needs of the customers. They are also expanding their presence in the market by investing heavily in Automotive Connecting rod bolt Market.
Besides this, companies are entering into mergers and acquisitions with other players in the market to expand their geographical presence across the globe. As a result, the Automotive Connecting rod bolt Market Competitive Landscape is anticipated to remain vastly competitive over the coming years. Aisin Seiki is a well-known Japanese automotive parts supplier in the Automotive Connecting rod bolt Market. Aisin Seiki manufactures a variety of high-quality products and is known for the innovative solutions it offers to its customers. It has a substantial distribution network, in both Japan and throughout the world, providing its goods to various leading automotive corporations. So, with its promise to keep delivering the latest technologies to its customers by R, strong financial status, global presence, and premium products will make Aisin Seiki a top competitor in the Automotive Connecting rod bolt Market.
Another key player in the Automotive Connecting rod bolt Market is Federal-Mogul. Federal-Mogul is based in the United States and is a leading supplier of automotive components across the world. It provides a variety of products, including connecting rod bolts, that are critically acclaimed for their quality. Federal-Mogul’s manufacturing facilities across the globe deliver these goods to many of the world’s major car manufacturers. To differentiate itself from its competitors, the firm focuses on the demands of its customers while also offering the finest service, far beyond what its rivals can offer.
The Automotive Connecting Rod Bolt Market is projected to reach USD 2.5 billion by 2032, exhibiting a CAGR of 3.01% during the forecast period (2024-2032). Rising demand for lightweight and fuel-efficient vehicles, coupled with increasing production of automobiles, is driving market growth. Growing adoption of electric vehicles is also expected to boost demand for connecting rod bolts, as they play a crucial role in transmitting forces between the piston and crankshaft. Key industry participants are focusing on strategic collaborations and product innovations to cater to evolving customer needs. Recent developments include the launch of high-strength connecting rod bolts by Federal-Mogul and the development of lightweight connecting rod bolts by MAHLE.
| Report Attribute/Metric | Details |
| Market Size 2022 | 1.86 (USD Billion) |
| Market Size 2023 | 1.91 (USD Billion) |
| Market Size 2032 | 2.5 (USD Billion) |
| Compound Annual Growth Rate (CAGR) | 3.01% (2024 - 2032) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year | 2023 |
| Market Forecast Period | 2024 - 2032 |
| Historical Data | 2019 - 2023 |
| Market Forecast Units | USD Billion |
| Key Companies Profiled | Enpro Industries, Mayur Bolt, Watson Forge, Miller Stewart, Associated Spring Precision Wire, Detroit Bolt Nut, Flange, G.W. Lisk, W Bolt, Rockford Bolt Steel, Apollo Fasteners, Stanley Engineered Fastening, Holdfast Industrial, Precision Fasteners, Precision Bolt Nut |
| Segments Covered | Material, Bolt Type, Engine Application, Connection Type, Grade, Regional |
| Key Market Opportunities | Lightweight Design Enhanced Engine Performance Growing Electric Vehicle Sales Increasing Demand from Developing Economies Advanced Manufacturing Techniques |
| Key Market Dynamics | Increasing electrification stringent emission norms growing demand for lightweight vehicles rising automotive production and technological advancements |
| Countries Covered | North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Global Automotive Connecting Rod Bolt Market is expected to reach a valuation of 1.91 Billion USD in 2023.
The Global Automotive Connecting Rod Bolt Market is anticipated to grow at a CAGR of 3.01% from 2023 to 2032.
North America is expected to hold the largest market share in the Global Automotive Connecting Rod Bolt Market in 2023.
Automotive Connecting Rod Bolts are used in various applications, including passenger cars, commercial vehicles, and off-highway vehicles.
Some of the key competitors in the Global Automotive Connecting Rod Bolt Market include Federal Mogul, Rheinmetall Automotive, and Schuler Group.
The growth of the Global Automotive Connecting Rod Bolt Market is attributed to factors such as increasing vehicle production and demand for lightweight and fuel-efficient vehicles.
The Global Automotive Connecting Rod Bolt Market faces challenges such as stringent emission regulations and the rising cost of raw materials.
Key trends in the Global Automotive Connecting Rod Bolt Market include the adoption of advanced materials and the use of simulation and testing technologies.
The Global Automotive Connecting Rod Bolt Market is expected to reach a valuation of 2.5 Billion USD by 2032.
Government regulations regarding emission standards and fuel economy have a significant impact on the Global Automotive Connecting Rod Bolt Market.
Leading companies partner with us for data-driven Insights.
Kindly complete the form below to receive a free sample of this Report
Senior Research Analyst She has over 5 years of rich experience, in market research and consulting providing valuable market insights to client. hands on expertise in management consulting, and extensive knowledge in domain including ict, automotive & transportation and aerospace & defense. she is skilled in go-to market strategy, industry analysis, market sizing, in depth company profiling, competitive intelligence & benchmarking and value chain amongst others.
Get in Touch
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
