Automotive Crankshaft Market to Grow with a CAGR of 5.0% during the forecast period.
demand for high-performance
engines in passenger and commercial vehicles, growing production volumes of
internal combustion engine-based automobiles, and rising advancements in
forging and casting technologies are the factors driving the market in the
forecast period 2026–2030.
According to TechSci Research report, “Automotive Crankshaft
Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2020-2030F”,
The Global Automotive Crankshaft Market was valued at USD 3.85 Billion in 2024
and is expected to reach USD 5.10 Billion by 2030 with a CAGR of 5.0% during
the forecast period. The global automotive crankshaft market is gaining
momentum due to rising engine manufacturing activities and the increasing
number of vehicles being produced and sold globally. Manufacturers are focusing
on making engines more efficient, which is pushing crankshaft designs toward
lighter, stronger, and more efficient versions. Regulatory requirements
concerning emissions have further accelerated this shift in design.
Innovations in metalworking techniques such as forging and precision
machining have contributed to better performance and longer lifespan of
crankshaft assemblies. Modern materials like micro-alloyed steel are being used
more frequently. Turbocharged engines and smaller displacements require
components that can endure higher stress while maintaining reduced mass, which
is reshaping the manufacturing approach in this segment. Despite the growth,
the shift to electric vehicles, which don’t utilize crankshafts, presents a
potential obstacle. Yet, the consistent use of internal combustion engines in
sectors such as freight and transport in emerging economies keeps demand
steady. This opens opportunities for development and regional expansion in the
coming years for companies in the crankshaft ecosystem.
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Automotive
Crankshaft Market Is Segmented by Material, Type, Vehicle Type, and Region.
The market for automotive
crankshafts, when segmented by vehicle type, includes passenger cars and
commercial vehicles. Each of these segments brings unique engineering and
performance demands, leading to varied specifications and production volumes of
crankshafts. Passenger vehicles, for instance, often require lightweight and
compact crankshaft solutions that enhance fuel efficiency and driving
smoothness. As passenger car models increasingly adopt advanced engine
configurations such as turbocharging and hybrid technologies, the associated
crankshaft designs are evolving to meet stricter performance and emissions
standards.
On the other hand, commercial
vehicles ranging from light trucks to heavy-duty trucks and buses require more
robust and durable crankshafts that can endure high torque and extended
operating hours. These applications demand stronger metallurgical compositions
and advanced surface treatments to increase component life and reduce wear.
Crankshaft producers catering to this segment often prioritize reliability and
cost-efficiency, considering the high loads and rigorous use cycles in
logistics, construction, and public transportation sectors. Manufacturers and
designers are also aligning their product strategies with global trends, such
as integrating crankshaft sensors and predictive maintenance features,
particularly in commercial fleets. The diversity in application, usage
intensity, and powertrain configurations across both vehicle types is shaping
the demand, material selection, and manufacturing methodologies within the
crankshaft industry.
Asia-Pacific emerged as the
fastest-growing region in the automotive crankshaft market in 2024. This growth
was primarily driven by an uptick in vehicle production across countries such
as China, India, and Southeast Asian nations. The rise in domestic automobile
manufacturing, coupled with export-driven strategies by several regional
automakers, significantly contributed to the heightened demand for crankshafts.
Infrastructure development and urbanization further stimulated commercial
vehicle sales, reinforcing crankshaft consumption. The ongoing development of
localized manufacturing ecosystems and cost-competitive supply chains allowed
for large-scale production of crankshaft components within the region. Rapid
adoption of advanced manufacturing technologies such as CNC machining and
automated forging lines helped reduce production costs and improve quality
control, making the region an attractive hub for crankshaft exports as well.
Governments across several countries in the Asia-Pacific region have introduced
policies to support automotive sector growth, including incentives for hybrid
vehicles and internal combustion engine upgrades. These measures contributed to
higher investments in component production facilities, including crankshafts.
With a strong consumer base, expanding middle-class population, and increasing
need for logistics and transport vehicles, the region maintained upward
momentum in crankshaft market expansion during the year.
Major Market Players
Operating in Global Automotive Crankshaft Market Are:
- MAHLE GmbH
- ThyssenKrupp AG
- Bharat Forge Ltd.
- CIE Automotive S.A.
- Maschinenfabrik Alfing Kessler
GmbH
- Nippon Steel Integrated Crankshaft
LLC
- Tianrun Crankshaft Co., Ltd.
- Arrow Precision Ltd.
- Crower Cams & Equipment Co.,
Inc.
- Farndon Engineering Ltd.
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The Global
Automotive Crankshaft Market is witnessing steady growth, fueled by the
sustained expansion of automotive production and the increasing demand for
durable and high-performance engine components. As internal combustion engine
vehicles continue to dominate in both passenger and commercial vehicle
segments, the need for reliable crankshafts that support engine efficiency and
performance remains critical. Crankshafts serve as a fundamental engine part,
converting linear piston motion into rotational motion, thereby playing a vital
role in vehicle propulsion", According to Mr. Karan Chechi, Research Director of TechSci Research, a global research-based management consulting firm.
“Automotive Crankshaft Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, By Type (Flat Plane, Cross Plane), By Material (Cast Steel, Forged Iron/steel), By Vehicle Type (Passenger Cars, Commercial Vehicles), By Region & Competition, 2020-2030F”,
assesses the market's future growth potential and provides data on market size,
trends, and forecasts. It aims to offer comprehensive market insights, helping
decision-makers make informed investment choices. The report also highlights
emerging trends, key drivers, challenges, and opportunities in the Global Automotive
Crankshaft Market.
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