Two-Wheeler Crankshaft Market Set to Unlock 1.5X Growth by 2034

The global two-wheeler crankshaft market is entering a decade of transformation, with demand projected to climb from USD 4,209.9 million in 2024 to USD 5,938.4 million by 2034, expanding at a CAGR of 3.5%. This trajectory marks a 1.5X growth from its 2023 value of USD 4,067.5 million, driven by rising motorcycle and scooter adoption in both mature and emerging economies.

At the heart of this expansion lies the increasing demand for durable, high-performance crankshafts, particularly those made of forged steel. Their strength, fatigue resistance, and adaptability to emission-compliant engine technologies make them indispensable for the future of two-wheeler manufacturing.

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Forging Technology Powers Next-Generation Crankshafts

Forged steel crankshafts remain the cornerstone of the market, commanding over half of global share due to their unmatched resilience and performance. Advanced forging techniques are enabling lighter yet stronger components, cutting engine weight while maintaining reliability-an essential balance in fuel-efficient motorcycles.

Manufacturers are also turning to hybrid forged-machined methods, blending the cost-effectiveness of forging with the precision of machining. While casting retains relevance in low-cost segments, forging continues to dominate as OEMs pursue performance gains aligned with stricter global emission norms.

Flat Plane Designs Strengthen Commuter Segment

In configuration terms, flat plane crankshafts hold a decisive 56.4% share in 2024. Their straightforward design, smooth power delivery, and cost-efficiency make them the preferred choice for commuter motorcycles, especially in high-density regions like India, Indonesia, and the Philippines.

Leading manufacturers such as Honda integrate flat plane crankshafts into mass-market models to meet affordability and efficiency demands. Premium motorcycles, meanwhile, are seeing a growing adoption of cross-plane and offset crankshafts, catering to riders who prioritize high-revving performance.

Regional Growth: Asia Leads with Rising Incomes and Mobility Demand

The epicenter of two-wheeler crankshaft demand is Asia. India's market alone is expected to grow at a 7.0% CAGR, reaching USD 1,797.5 million by 2034. Rising incomes, urbanization, and reliance on motorcycles for commuting and delivery services are key growth catalysts.

China remains the world's production powerhouse, projected to reach USD 1,930.1 million by 2034. Its scale of domestic production and exports positions it as both a major supplier and consumer. In Southeast Asia and Africa, affordability and expanding middle-class populations continue to stimulate demand.

In contrast, the USA shows modest growth at a 2.0% CAGR, with crankshaft demand fueled by premium motorcycles, adventure bikes, and customization trends. Recreational and performance-focused riders are driving adoption of high-strength, performance crankshafts.

Challenges: Raw Material Costs and Supply Chain Strains

Despite promising growth, manufacturers face hurdles in raw material price volatility. Steel price fluctuations, intensified by post-pandemic trade imbalances, threaten production margins. In cost-sensitive markets like India, these pressures could directly impact consumer affordability and OEM competitiveness.

Supply chain resilience and localized sourcing will be critical for crankshaft producers aiming to maintain stable output and pricing over the coming decade.

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Competitive Landscape: Tier-1 Suppliers Hold Strong Position

The industry is moderately concentrated, with Tier-1 companies accounting for 50-55% of the market. Major players include Musashi Seimitsu Industry Co., Ltd., Schaeffler Group, JTEKT Corporation, and BorgWarner Inc., each generating revenues exceeding USD 500 million from crankshaft sales.

Tier-2 firms such as Sundaram Clayton Ltd., SKF Group, and Federal-Mogul Corporation maintain a significant 45-50% share, competing through niche applications and regional supply strength.

Recent innovations highlight the sector's focus on performance: in 2023, ProX Racing Parts launched complete crankshaft assemblies for motorcycles, while Darkhorse Motor Company introduced the Man O' War crankshaft for Harley-Davidson engines, reinforcing the trend toward durability and enhanced engine output.

Future Outlook: Manufacturers Positioned for Sustainable Growth

Between 2024 and 2034, the two-wheeler crankshaft market will advance steadily, shaped by emission compliance, urban mobility demand, and rising incomes across Asia and Africa. Forged steel crankshafts will remain dominant, while flat plane configurations secure their position as the backbone of commuter motorcycles.

For manufacturers, the decade ahead represents an opportunity to invest in lightweight materials, precision forging technologies, and regional supply resilience. Those aligning innovation with affordability and regulatory compliance will capture the lion's share of this USD 5.9 billion market by 2034.

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