Automotive Crankshaft Market Size worth $7,420.44 Million by 2032 | CAGR: 3.40%

The global Automotive Crankshaft Market is expected to grow at growth rate of 3.40% to reach USD 7,420.44 Million by 2032.

The automotive crankshaft is a vital engine component that transforms the pistons' linear motion into rotational movement, ultimately powering the vehicle’s wheels. It plays an essential role in ensuring smooth engine operation and effective power transmission. Crafted with precision, automotive crankshafts are built with high strength, durability, superior surface finish, and exceptional functionality to boost performance and longevity. These components are designed to require minimal maintenance and are commonly used in the automotive industry to optimize torque and engine efficiency. In addition to their automotive applications, crankshafts are also employed in various industrial machinery, where they are made from high-quality materials such as steel and incorporate advanced engineering methods. Their robust construction and precision design make them crucial for both automotive and industrial uses, ensuring reliable and long-lasting performance.

Global automobile production is on a steady rise, particularly in emerging markets such as China, India, and Southeast Asia, where both passenger and commercial vehicle demand is driving the need for high-performance crankshafts. To enhance fuel efficiency and lower emissions, automakers are increasingly turning to lightweight materials. According to the International Energy Agency (IEA), global electric vehicle sales surpassed 3 million units in 2020, accounting for over 4% of total vehicle sales, with projections suggesting this number will reach 14 million by 2023. Additionally, the growth of commercial and heavy-duty vehicle production, alongside advancements in crankshaft manufacturing technologies, is expected to present substantial opportunities for market expansion. However, stringent emission rhegulations may pose challenges, urging manufacturers to innovate and develop more sustainable solutions. As the industry continues to evolve, the emphasis on efficiency, durability, and regulatory compliance will remain pivotal in shaping the future of the crankshaft market.

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North America leads the automotive crankshaft market, driven by innovations in materials and manufacturing technologies. The region’s robust automotive industry, emphasis on lightweight components, and integration of high-performance technologies are key factors fueling market growth. Manufacturers are focusing on high-strength forged steel, alloyed materials, and carbon composites to produce crankshafts that are both durable and lightweight. Advanced techniques such as precision forging, CNC machining, and 3D printing have further improved crankshaft durability, precision, and efficiency.

Meanwhile, the Asia-Pacific region is experiencing the fastest growth, driven by increased vehicle production. Countries like China, India, and Japan are at the forefront of this expansion, benefiting from high automobile manufacturing rates and a rising demand for commercial vehicles. Europe remains a leader in the production of premium and high-performance vehicles, but the growing adoption of electric vehicles poses challenges, as it may reduce the long-term demand for traditional crankshafts.

KEY BENEFITS OF THE REPORT:

• Insights into strategies adopted by key players to maintain competitiveness.
• Comprehensive analysis of the leading companies shaping the competitive landscape.
• Examination of the key drivers fuelling global market growth.
• Identification of the geographic regions expected to experience the highest growth.
• Detailed evaluation of the current market conditions and future growth projections.

The Automotive Crankshaft Market is fiercely competitive, with both OEM suppliers and aftermarket producers concentrating on advanced materials, precision manufacturing, and performance enhancements. Key market drivers include growing vehicle production, increasing demand for high-performance engines, and the shift toward lightweight and durable components. Manufacturers are focusing on creating lighter crankshaft designs to boost fuel efficiency and minimize emissions. China and India are emerging as major manufacturing hubs due to their cost-effective production capabilities and strong vehicle demand. As a result, global companies are forming strategic partnerships with Asian manufacturers to optimize costs and expand market presence. Advanced manufacturing methods, such as precision forging and CNC machining, are further enhancing the quality and durability of crankshafts. As automakers place greater emphasis on efficiency and sustainability, continued innovation in crankshaft materials and production processes will be crucial in shaping the market’s future growth.

The scope of this report covers the market by its major segments, which include as follows:

Market Segmentation

The scope of this report covers the market by its major segments, which include as follows:

GLOBAL AUTOMOTIVE CRANKSHAFT MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS

Ø Bharat Forge

Ø Crower Cams & Equipment

Ø Kellogg Crankshaft Company

Ø MGM Forgings

Ø Musashi Seimitsu

Ø NSI Crankshaft

Ø Precision Camshafts

Ø Rheinmetall AG

Ø thyssenkrupp AG

Ø Tianrun Industrial Technology Co., Ltd

Ø Others

GLOBAL AUTOMOTIVE CRANKSHAFT MARKET, BY PRODUCT TYPE- MARKET ANALYSIS, 2019 - 2032

Ø Flat Plane

Ø Cross Plane

Ø Modular

GLOBAL AUTOMOTIVE CRANKSHAFT MARKET, BY MATERIAL TYPE- MARKET ANALYSIS, 2019 - 2032

Ø Cast Iron

Ø Forged Steel

Ø Others

GLOBAL AUTOMOTIVE CRANKSHAFT MARKET, BY VEHICLE- MARKET ANALYSIS, 2019 - 2032

Ø Commercial Vehicles

Ø Passenger Vehicles

GLOBAL AUTOMOTIVE CRANKSHAFT MARKET, BY REGION- MARKET ANALYSIS, 2019 - 2032

North America

U.S.

Canada

Europe

Germany

Uk

France

Italy

Spain

The Netherlands

Sweden

Russia

Poland

Rest Of Europe

Asia Pacific

China

India

Japan

South Korea

Australia

Indonesia

Thailand

Philippines

Rest Of Apac

Latin America

Brazil

Mexico

Argentina

Colombia

Rest Of Latam

The Middle East And Africa

Saudi Arabia

Uae

Israel

Turkey

Algeria

Egypt

Rest Of Mea

o Algeria

o Egypt

o Rest of MEA