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US Automotive Connecting Rod Market Research Report By Process Type (Forged, Cast Rods, Powder Metals), By Vehicle Type (Passenger Car, Commercial Vehicle) and By Material (Steel, Aluminum) - Forecast to 2035


ID: MRFR/AM/15046-HCR | 100 Pages | Author: Garvit Vyas| December 2023

US Automotive Connecting Rod Market Overview:


As per MRFR analysis, the US Automotive Connecting Rod Market Size was estimated at 5.3 (USD Billion) in 2023. The US Automotive Connecting Rod Market Industry is expected to grow from 6.69(USD Billion) in 2024 to 8.22 (USD Billion) by 2035. The US Automotive Connecting Rod Market CAGR (growth rate) is expected to be around 1.886% during the forecast period (2025 - 2035).


Key US Automotive Connecting Rod Market Trends Highlighted


The US Automotive Connecting Rod Market is experiencing several significant trends that are shaping its future. One of the key market drivers is the increasing demand for fuel efficiency and performance in vehicles. As consumers become more environmentally conscious, automakers are focusing on developing lightweight yet durable components, including connecting rods, to enhance fuel efficiency without compromising engine performance. This shift towards innovative materials, such as aluminum and composite materials, is gaining traction among manufacturers aiming to meet stringent government regulations on emissions and sustainability. Another trend is the growth of electric and hybrid vehicles in the US market, which brings new opportunities for the connecting rod segment.While traditional internal combustion engines have dominated, the rise of these vehicles is pushing the industry to adapt. This creates a niche for specialized connecting rods that can handle different powertrains, representing a chance for manufacturers to diversify their offerings and cater to evolving market needs. Increased investments in research and development are being directed toward optimizing engine designs to align with these new technologies. In recent times, supply chain disruptions, primarily due to the COVID-19 pandemic, have also influenced the US Automotive Connecting Rod Market. Manufacturers are actively seeking to localize production and secure reliable supply sources to enhance production efficiency and resilience.This trend indicates a shift towards more robust supply chain strategies that can better withstand future challenges. Overall, the market is in a transformation phase, adapting to technological advancements and changing consumer preferences, while still facing the challenges of supply chain management.


US Automotive Connecting Rod Market size

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review


US Automotive Connecting Rod Market Drivers


Rising Demand for Fuel-Efficient Vehicles


The growing environmental awareness and regulatory pressures in the United States are driving the demand for fuel-efficient vehicles. According to the Environmental Protection Agency, fuel economy standards are set to increase by approximately 5% each year through 2025, which translates into a notable rise in the demand for optimizing vehicle performance. The US Automotive Connecting Rod Market Industry is directly influenced as manufacturers are investing heavily in Research and Development to produce lightweight and high-strength connecting rods.Companies like General Motors and Ford are proactively incorporating advanced materials such as aluminum and composites to enhance fuel efficiency and reduce emissions. This shift toward fuel-efficient vehicles is projected to significantly increase the overall market size for automotive connecting rods in the US.


Increase in Automotive Manufacturing


The automotive manufacturing sector in the US has experienced a robust recovery post-pandemic, with the US Department of Commerce reporting a growth of over 6% in manufacturing output in 2021. This resurgence is expected to continue, with major manufacturers like Toyota and Stellantis expanding production facilities in the US, thereby boosting the demand for automotive components, including connecting rods. The increasing focus on domestic sourcing and manufacturing will further enhance the growth prospects of the US Automotive Connecting Rod Market Industry as local suppliers ramp up production to meet rising OEM needs.


Technological Advancements in Engine Designs


With the advancement of engine technologies, such as turbocharging and direct injection, vehicle performance and efficiency are significantly improving. The Society of Automotive Engineers reports that over 40% of new vehicles in the US are now equipped with turbocharged engines, which require more robust and lightweight connecting rod designs. This trend leads to an increased focus on innovative materials and manufacturing processes in the US Automotive Connecting Rod Market Industry as automakers seek to enhance performance while maintaining low production costs.Companies like Cummins and Honda are investing heavily in R&D to develop connecting rods that can withstand higher stress and improve overall engine efficiency.


US Automotive Connecting Rod Market Segment Insights:


Automotive Connecting Rod Market Process Type Insights


The US Automotive Connecting Rod Market, particularly within the Process Type segment, showcases diverse methodologies that are pivotal in shaping the automotive industry's landscape. The primary processes employed include Forged, Cast Rods, and Powder Metals, each bringing unique advantages and applications to the manufacturing of connecting rods. Forged rods have gained notable traction due to their exceptional strength and durability, often being the preferred choice in high-performance vehicles where engine reliability is critical. The forging process enhances the material’s structural integrity, making it resistant to stress and fatigue, which are vital attributes for high-load automotive applications. Cast rods, on the other hand, are valued for their cost-effectiveness and versatility. The casting process allows for more intricate designs and shapes, enabling manufacturers to create components that can fit various engine configurations profitably. Meanwhile, Powder Metals represent a growing niche within the market, particularly for applications requiring complex geometries that traditional manufacturing methods cannot achieve. The precision offered by this process helps in reducing material waste and enhancing efficiency, aligning with modern automotive manufacturing goals focused on sustainability. Market trends reflect a gradual shift towards integrating advanced materials and manufacturing techniques, within the US, driven by increasing environmental regulations and consumers’ demand for fuel-efficient vehicles. The automotive sector is witnessing an increased focus on light-weighting, with the Process Type segment playing a pivotal role in producing connecting rods that optimize weight without compromising performance. This trend is further amplified by the ongoing development of electric and hybrid vehicles, which require components that can withstand new performance standards. However, the segment is not without challenges. The volatility of raw material prices and the need for substantial investment in advanced manufacturing technologies pose hurdles that could inhibit market growth. Nevertheless, opportunities abound as manufacturers seek to innovate and adapt to the evolving automotive landscape, positioning themselves for success in a competitive environment. Overall, the Process Type segment serves as a crucial pillar in the broader US Automotive Connecting Rod Market, driving advancements and contributing significantly to the automotive manufacturing ecosystem.


US Automotive Connecting Rod Market segment

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review


Automotive Connecting Rod Market Vehicle Type Insights


The US Automotive Connecting Rod Market is primarily categorized by Vehicle Type, with significant emphasis on Passenger Cars and Commercial Vehicles. Passenger Cars represent a substantial share of the market, largely driven by the increasing consumer preference for fuel-efficient and technologically advanced vehicles. This segment plays a crucial role in the market, given its large volume of production and higher adoption rates of robust engine components. Conversely, Commercial Vehicles, encompassing trucks and buses, are also pivotal as they are essential for freight and logistics operations across the US economy, reflecting the growing demand for efficiency and durability in heavy-duty applications.The rise in e-commerce has particularly fueled the need for reliable Commercial Vehicles, leading to increased investments in innovation and Research and Development related to engine performance. This segment is vital as it significantly contributes to both national economic growth and employment. Overall, the Vehicle Type segmentation of the US Automotive Connecting Rod Market is shaped by consumer behavior, regulatory changes aimed at reducing emissions, and the ongoing advancements in automotive technology, which are key drivers for market growth and present numerous opportunities for stakeholders in the industry.


Automotive Connecting Rod Market Material Insights


The US Automotive Connecting Rod Market, particularly focusing on the Material segment, encompasses critical components made predominantly from materials such as Steel and Aluminum. Steel is known for its robust strength and durability, which makes it an ideal choice for high-performance engines found in various vehicles. This material is especially significant in the context of heavy-duty applications where durability is paramount. On the other hand, Aluminum is valued for its lightweight properties, contributing to vehicle efficiency and performance, aligning with the growing trend towards reducing fuel consumption and emissions.As the automotive industry in the US increasingly prioritizes sustainability and fuel economy, the demand for connecting rods made from Aluminum is rising. This makes both Steel and Aluminum vital in shaping trends within the US Automotive Connecting Rod Market, influencing manufacturers' choices and driving innovations in engine design. The market's development is also influenced by ongoing technological advancements and regulatory standards aimed at enhancing vehicle performance and environmental sustainability.


US Automotive Connecting Rod Market Key Players and Competitive Insights:


The US Automotive Connecting Rod Market has been witnessing significant growth and competition due to the ongoing advancements in automotive technologies and the increasing demand for high-performance vehicles. A connecting rod is a crucial component in internal combustion engines, and its quality and design directly influence engine efficiency and performance. As the automotive industry shifts toward performance-oriented solutions, companies within the connecting rod market are focusing on innovation, quality, and durability to gain a competitive edge. Competitors are striving to enhance their product offerings, improve manufacturing processes, and expand their distribution networks, contributing to a dynamic and ever-evolving marketplace. Factors such as technological advancements, regulatory requirements, and shifting consumer preferences are reshaping the competitive landscape, encouraging businesses to adopt strategic initiatives and partnerships.Arrow Precision has established a formidable presence within the US Automotive Connecting Rod Market, known for its precision-engineered products and robust manufacturing capabilities. The company specializes in producing high-performance connecting rods that cater to both the aftermarket and OEM segments. Arrow Precision's strengths lie in its commitment to quality, innovative design solutions, and substantial investment in research and development, which allows it to stay ahead of market trends and meet customer demands effectively. Their products are recognized for their reliability and performance, giving Arrow Precision a competitive advantage. The company's extensive experience in the industry and customer-centric approach further bolster its position, making it a key player among competitors in the US market.Bosch has also made significant inroads into the US Automotive Connecting Rod Market, leveraging its reputation as a global leader in automotive components and technology. Known for its diverse product range, Bosch manufactures high-quality connecting rods that are designed to meet the rigorous demands of modern automotive engines. The company’s strengths lie in its advanced engineering capabilities, a comprehensive understanding of market needs, and a strong presence in both OEM and aftermarket sectors. Bosch's commitment to innovation is evident in its continuous investment in technology that enhances product performance and efficiency. Furthermore, through strategic mergers and acquisitions, Bosch has strengthened its market position and expanded its product offerings, continually adapting to evolving automotive trends. With a wide distribution network and a strong brand reputation, Bosch remains a formidable competitor in the US Automotive Connecting Rod Market.


Key Companies in the US Automotive Connecting Rod Market Include:


Arrow Precision


Bosch


Aisin Seiki


TRW Automotive


Cooper Standard


Eagle Specialty Products


Plymouth Tube Company


Jiangsu KINHOM


Crower Cams


Melling Engine Parts


Cleveland Machine Company


Titan International


Mahle


FederalMogul


Dura Automotive


US Automotive Connecting Rod Market Industry Developments


Significant developments in the US Automotive Connecting Rod Market are emerging as companies adapt to shifting demands. Arrow Precision and Mahle have been expanding their product offerings to enhance engine performance, taking advantage of advances in materials science. Bosch's innovative manufacturing techniques are driving efficiency, while Aisin Seiki is focusing on sustainability initiatives to reduce carbon footprints. In recent months, TRW Automotive has announced partnerships aimed at enhancing technology integration in connecting rod designs. The market has seen notable growth in valuations, with companies such as Dura Automotive witnessing an increase in market capitalization attributed to surging demand in electric vehicle components. Current affairs point towards an increased focus on lightweight materials, supported by further investments from industry leaders like FederalMogul and Cooper Standard in Research and Development (R&D) efforts. The competitive landscape has experienced some consolidation, with Weichai Power's acquisition of a minority stake in an unnamed US automotive supplier in September 2023, reflecting a strategic partnership to amplify technological advancements. Overall, the US Automotive Connecting Rod Market is thriving amidst a backdrop of innovation, sustainability efforts, and strategic alliances that aim to meet evolving market needs.


US Automotive Connecting Rod Market Segmentation Insights


Automotive Connecting Rod Market Process Type Outlook


Forged


Cast Rods


Powder Metals


Automotive Connecting Rod Market Vehicle Type Outlook


Passenger Car


Commercial Vehicle


Automotive Connecting Rod Market Material Outlook


Steel


Aluminum

Report Scope:
Report Attribute/Metric Source: Details
MARKET SIZE 2018 5.3(USD Billion)
MARKET SIZE 2024 6.69(USD Billion)
MARKET SIZE 2035 8.22(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR) 1.886% (2025 - 2035)
REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR 2024
MARKET FORECAST PERIOD 2025 - 2035
HISTORICAL DATA 2019 - 2024
MARKET FORECAST UNITS USD Billion
KEY COMPANIES PROFILED Arrow Precision, Bosch, Aisin Seiki, TRW Automotive, Cooper Standard, Eagle Specialty Products, Plymouth Tube Company, Jiangsu KINHOM, Crower Cams, Melling Engine Parts, Cleveland Machine Company, Titan International, Mahle, FederalMogul, Dura Automotive
SEGMENTS COVERED Process Type, Vehicle Type, Material
KEY MARKET OPPORTUNITIES Growing electric vehicle adoption, Rising demand for lightweight materials, Advances in manufacturing technology, Increased engine performance requirements, Focus on fuel efficiency improvements
KEY MARKET DYNAMICS Rising vehicle production rates, Increasing use of lightweight materials, Growing demand for performance engines, Expanding electric vehicle market, Technological advancements in manufacturing
COUNTRIES COVERED US


Frequently Asked Questions (FAQ) :

The US Automotive Connecting Rod Market is expected to be valued at 6.69 billion USD in 2024.

By 2035, the market is projected to reach a value of 8.22 billion USD.

The expected CAGR for the US Automotive Connecting Rod Market from 2025 to 2035 is 1.886%.

The market is reportedly divided among Forged, Cast Rods, and Powder Metals with Forged rods valued at 2.67 billion USD in 2024.

The market size for Forged connecting rods is expected to grow to 3.33 billion USD by 2035.

Key players in the market include Arrow Precision, Bosch, Aisin Seiki, and TRW Automotive among others.

The market size for Cast Rods is projected to be 2.73 billion USD in 2024 and increase to 3.33 billion USD by 2035.

Powder Metals are valued at 1.29 billion USD in 2024.

Opportunities in the market are driven by advancements in technology and increasing demand from automobile manufacturers.

Regional factors including manufacturing capabilities and demand for vehicles play a crucial role in shaping the market dynamics.

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