Global Automotive Crankshaft Market Size 2017 to 2033 with Engine Trends

The global automotive crankshaft market is expected to be valued at around USD 4,935 million in 2024 and is projected to reach nearly USD 7,210 million by 2033, expanding at a moderate CAGR of approximately 4.4% during the forecast period from 2025 to 2033.

The Global Automotive Crankshaft Market from 2017 to 2033 is expanding steadily as vehicle production rebounds post-pandemic and engine component technologies evolve. Crankshafts are vital mechanical parts used to convert linear piston motion into rotational motion, making them essential for all internal combustion engines.

Crankshafts are typically made of forged steel, cast iron, or billet steel, depending on vehicle class and performance needs. Passenger vehicles dominate demand, but commercial vehicles, motorcycles, and high-performance sports cars also represent major market segments.

Asia-Pacific leads the global market, with countries like China, India, and Japan driving large-scale automobile production and engine part manufacturing. Europe and North America follow, supported by strong automotive engineering, electric vehicle transitions, and premium car brands.

Key players in this market include Thyssenkrupp, Bharat Forge, TFO Corporation, NSI Crankshaft, Bryant Racing, and Maschinenfabrik ALFING Kessler GmbH. These companies focus on forged crankshafts, balancing precision, strength, and fuel efficiency in production.

Growth drivers include rising global vehicle production, increasing demand for fuel-efficient engines, and innovations in lightweight crankshaft materials. Hybrid vehicle production is also fueling demand for advanced multi-cylinder crankshafts and compact engine configurations.

Challenges include volatility in steel prices, a gradual industry shift toward electric vehicles (which don't use traditional crankshafts), and the need for high-precision manufacturing. Still, replacement demand in the aftermarket and hybrid ICE-EV configurations are expected to sustain growth.

By 2033, the market is expected to reach billions in revenue as emerging economies increase automobile output and manufacturers focus on performance and durability. Growth will also be supported by technological advancements in metallurgy and component machining.

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This release was published on openPR.