Press release
2025 Automotive Crankshaft Market Outlook: Key Indicators Shaping Growth Through 2034
Automotive Crankshaft
What Will the Automotive Crankshaft Industry Market Size Be by 2025?
The market size of auto crankshafts has observed a steady increase in the past few years. The market, which was valued at $4.7 billion in 2024, is predicted to rise to $4.83 billion in 2025, indicating a compound annual growth rate (CAGR) of 2.7%. This growth during the historic period can be ascribed to factors such as increased demand for vehicles, industrial development and mass production, progress in the world economy, advancements in car design, and a rising preference for high-performance vehicles.
What's the Long-Term Growth Forecast for the Automotive Crankshaft Market Size Through 2029?
The market size of automotive crankshaft is predicted to experience consistent growth in the upcoming years. It is anticipated to expand to $5.81 billion by 2029, with a compound annual growth rate (CAGR) of 4.7%. This growth during the forecast period can be credited to the shift towards electric vehicles, a focus on fuel efficiency, the incorporation of smart and connected technologies, sustainable manufacturing procedures, and a move towards autonomous vehicles. The major trends to observe in the forecast period are the adoption of lightweight materials, an increasing emphasis on a circular economy, the application of 3D printing in manufacturing, a rise in the use of data analytics in design, and a focus on energy-efficient solutions.
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What Are the Key Growth Drivers Fueling the Automotive Crankshaft Market Expansion?
The enforcement of new emission regulations is a major driver in the growth of the automotive crankshaft market. Governments around the world are introducing new emission rules to cut down on pollution. This compulsory emission control is prodding automotive crankshaft manufacturers to produce more efficient crankshafts due to their importance in the internal combustion engine and the direct correlation to emissions. For example, the Hindu Business Line, a finance and business periodical, reported that the Indian government enforced the BS-VI guidelines for automotive from April 2020 to significantly curb pollution. Therefore, the implementation of new emission rules is anticipated to boost the automotive crankshaft market's expansion in the future.
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What Are the Key Trends Driving Automotive Crankshaft Market Growth?
Key players in the automotive crankshaft market are introducing new versions of crankshafts to satisfy the surging demand for such aftermarket components. The crankshaft, a custom-made product ideal for piston engines, transforms the piston's back-and-forth movement into rotational motion. For instance, Monedero, a Spain-based supplier of automotive parts and accessories, released the introductory version of the OM471LA crankshaft in September 2023. This met a substantial demand in the aftermarket, a void previously unserved due to lack of an alternative matching the original references that catered to customer needs. The OM471LA crankshaft's reference is 10011000051, identical to the original references of Mercedes Benz: A4710300101, A47110300201, and A4710300401. Notably, the OM471LA crankshaft has been developed for Mercedes Benz and other suitable model applications.
How Is the Automotive Crankshaft Market Segmented?
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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Which Companies Are Leading the Charge in Automotive Crankshaft Market Innovation?
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.
Which Regions Are Leading the Global Automotive Crankshaft Market in Revenue?
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
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