Automotive Crankshaft Market Forecast 2025-2034: Comprehensive Analysis And Growth Opportunities

The Automotive Crankshaft Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Projected Growth of the Automotive Crankshaft Market?
The market for automotive crankshafts has seen consistent expansion in the previous years. The market size, which stood at $4.7 billion in 2024, is projected to surge to $4.83 billion in 2025 with a compound annual growth rate (CAGR) of 2.7%. The growth observed in the historical period can be credited to a surge in automobile demand, industrialization and mass production endeavors, global fiscal expansion, development in automotive design, and a rising demand for high-performance luxury vehicles.

Anticipated to experience stable augmentation in the coming years is the automotive crankshaft market. The predictions suggest it will rise to $5.81 billion by 2029, growing at a Compound Annual Growth Rate (CAGR) of 4.7%. Factors contributing to this projected growth during the forecast period include the shift to electric vehicles, increased focus on fuel efficiency, incorporation of intelligent and connected technologies, adherence to sustainable manufacturing methods and the move towards self-driving vehicles. Significant trends during this period will involve the use of lighter materials, a heightened focus on a circular economy, the application of 3D printing in production, augmented utilization of data analytics in design, and an emphasis on energy-efficient solutions.

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What Are the Different Automotive Crankshaft Market Segments?
The automotive crankshaft market covered in this report is segmented -

1) By Type: Flat Plane, Cross Plane
2) By Material: Forged Iron Or Steel, Cast Iron Or Steel, Other Materials
3) By Vehicle Type: Heavy Commercial Vehicles, Light Commercial Vehicles, Luxury Vehicles, Passenger Vehicles, Sport Utility Vehicles, Multi Utility Vehicles, Other Vehicle Types

Subsegments:
1) By Flat Plane: Lightweight Flat Plane Crankshafts, High-Performance Flat Plane Crankshafts
2) By Cross Plane: Traditional Cross Plane Crankshafts, Performance Cross Plane Crankshafts

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What Are the Primary Drivers Shaping the Automotive Crankshaft Market?
The introduction of novel emission standards is playing a significant part in the expansion of the automotive crankshaft market. Emission regulations being rolled out by various country authorities are aimed at curtailing pollution levels. These obligatory emission restrictions compel automotive crankshaft producers to develop more efficient crankshafts to keep up with production needs, since it's an essential part of the internal combustion engine directly related to emissions. Notably, the Hindu Business Line, a finance and business daily, reported that the Indian government made it compulsory for vehicles to comply with BS-VI guidelines starting April 2020 to dramatically decrease pollution. Therefore, the introduction of these new emission standards is poised to stimulate the growth of the automotive crankshaft market in the future.

Which Companies Are Leading in the Automotive Crankshaft Market?
Major companies operating in the automotive crankshaft market include Arrow Precision Ltd., Maschinenfabrik ALFING Kessler GMBH, Nippon Steel Integrated Crankshaft LLC, Tianrun Crankshaft Co. Ltd., ThyssenKrupp AG, Bharat Forge Ltd., Crower Cams & Equipment Co. Inc., Farndon Engineering Ltd., Chad Bryant Racing LLC, Ciguenales Sanz SL, Metalyst Forgings Ltd., CIE Automotive India Ltd., Kellogg Crankshaft Company, Amtek Group, Mahindra CIE Automotive Ltd., Rheinmetall AG, Sandvik AB, Mahle GmbH, Poole Construction Company Limited, Kalyani Group, TFO Tech Co Ltd., CTP Sinto America LLC, Cooper Corporation, BMV Precision Engineering, Balu Forge Industries Ltd., GKN plc, Kolbenschmidt Pierburg AG, Federal-Mogul LLC, Asahi Kasei Corporation, Daido Metal Company, Toyoda Koki Co Ltd., Miba AG, SNC Manufacturing Company Inc.

What Are the Major Trends Shaping the Automotive Crankshaft Market?
Leading companies in the automotive crankshaft market have begun to release new crankshafts to meet the increasing need for this aftermarket product. A crankshaft, which is designed for a piston engine, translates the back-and-forth movement of the piston into rotational movement. For example, in September 2023, Monedero, a firm based in Spain that provides automotive components and accessories, launched its initial version of the OM471LA crankshaft. This fulfilled a significant need in the aftermarket as, prior to this, no aftermarket firm could offer a substitution to the original references that met the requirements of the customer. The reference for this OM471LA crankshaft is 10011000051, correlating to the original Mercedes Benz references: A4710300101, A47110300201, and A4710300401. It's also worth noting that the OM471LA crankshaft is tailored to Mercedes Benz and other related model applications.

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What Are the Top Revenue-Generating Geographies in the Automotive Crankshaft Market?
Europe was the largest region in the automotive crankshaft market in 2024. The regions covered in the automotive crankshaft market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Automotive Crankshaft Market?
2. What is the CAGR expected in the Automotive Crankshaft Market?
3. What Are the Key Innovations Transforming the Automotive Crankshaft Industry?
4. Which Region Is Leading the Automotive Crankshaft Market?

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