Automotive Crankshaft Market Expansion Outlook: $5.6 Billion in 2029

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What Is the Projected CAGR for the Automotive Crankshaft Market from 2024 to 2025?
In the last few years, there has been a minor growth in the market size of automotive crankshafts. It is projected to increase from $4.7 billion in 2024 to $4.76 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 1.3%. Factors contributing to this growth during the historical period include a rising demand for automobiles, growth in industrialization and mass production, expansion of the global economy, advancement in automotive design, and a surge in the demand for high-performance vehicles.

What are the Expected Market Size and CAGR for Automotive Crankshaft by 2029?
In the coming years, the automotive crankshaft market is anticipated to experience steady expansion, with the market projected to reach $5.6 billion in 2029 at a compound annual growth rate (CAGR) of 4.1%. Factors contributing to expansion during the forecasted period include the shift to electric vehicles, a focus on fuel efficiency, the implementation of smart and connected technologies, sustainable production strategies, and the shift towards self-driving vehicles. Key trends anticipated throughout the forecast period encompass the use of lightweight materials, an increasing emphasis on the circular economy, the application of 3D printing in production, the upscaling use of data analytics in design, and focus on energy-saving solutions.

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Which Factors Are Driving the Global Automotive Crankshaft Market Expansion?
The implementation of new emission standards is playing a crucial role in driving the growth of the automotive crankshaft market. Regulatory authorities globally are introducing new emission rules to mitigate pollution. This mandatory emission control regulation is urging automotive crankshaft manufacturers to produce more efficient crankshafts to meet production requirements due to its pivotal role in the internal combustion engine which is directly associated with emissions. For example, as reported by the Hindu Business Line, a financial and business daily publication, the Indian government necessitated compliance with BS-VI guidelines for vehicles starting from April 2020, in a bid to significantly mitigate pollution. Consequently, the establishment of these new emission standards is anticipated to spur the expansion of the automotive crankshaft market in the future.

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Which Segment Currently Holds the Largest Share of the Automotive Crankshaft Market?
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

Which Major Trends Are Shaping the Future of the Automotive Crankshaft Industry?
Prominent players in the automotive crankshaft sector are introducing novel crankshafts to cater to the heightened demand in the aftermarket. The crankshaft is a specialized item designed for use in piston engines, which transforms the piston's reciprocating motion into rotational movement. For example, Monedero, a Spanish automotive components and accessories supplier, unveiled the firstin September 2023, version of the OM471LA crankshaft, meeting a substantial need in the aftermarket. Before this, no aftermarket firm was able to offer an alternative that satisfied the customer's demands to the original references. The OM471LA crankshaft's reference is 10011000051, corresponding to the original Mercedes Benz references: A4710300101, A47110300201, and A4710300401. Intriguingly, the OM471LA crankshaft is geared towards Mercedes Benz and other similar model applications.

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Which Key Players Dominate the Automotive Crankshaft Industry Globally?
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 Fastest-Growing Regions 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

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