During the projection period, the global connecting rods market is expected to grow at a 4.7 percent CAGR, reaching US$ 11.7 billion by 2032. Connecting rod demand will be bolstered in the future years as car manufacturing rises in response to the growing desire for electric vehicles.
Connecting rods are critical components in automobile engines because they carry piston power to the crankshaft and allow fluid to flow between them. Different types of connecting rods are used in light and heavy commercial vehicles with internal combustion engines. Connecting rod manufacturers are spending in research and development for new product technologies, which is projected to fuel market growth.
Linamar Corporation, Mahle GmbH, CP Carrillo Inc., MGP Connecting Rods, Wiseco Piston Company Ltd., Arrow Precision Ltd., Gohsyu Corporation, Yasunaga Corporation, and others.