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Automotive Crankshaft Market Growth From $4.95 Billion In 2026 To $4.3 Billion By 2030 At A CAGR Of 5.87%
The automotive crankshaft market has experienced consistent expansion in its size over recent years. Projections indicate it will expand from $4.76 billion in 2025 to $4.95 billion in 2026, registering a compound annual growth rate (CAGR) of 3.9%. Historical market expansion stemmed from factors such as the prevalence of internal combustion engines, the adoption of forged steel, an increase in vehicle manufacturing, the standardization of crankshafts, and the broadening of engine platforms.
The automotive crankshaft market is anticipated to experience consistent expansion over the upcoming years, reaching $5.87 billion by 2030, demonstrating a compound annual growth rate (CAGR) of 4.3%. This projected increase is largely due to factors such as the rising demand for hybrid powertrains, stringent fuel efficiency regulations, the proliferation of high-performance vehicles, continuous material innovation, and improvements in precision manufacturing. Key developments expected during this period include the creation of lightweight crankshafts, an increasing need for high-strength materials, wider adoption of precision forging techniques, the expansion of performance engine production, and broader implementation of engine downsizing strategies.
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Automotive Crankshaft Market Expansion Supported By Key Demand Factors
The future expansion in vehicle production is expected to drive the growth of the automotive crankshaft market. Vehicles are mechanical devices used for transporting people or goods, and increasing global production volumes directly boost the demand for essential engine components. Automotive crankshafts are critical parts within internal combustion engines, responsible for converting the reciprocating motion of pistons into the rotational motion required to power the vehicle. The rise in worldwide passenger car sales reflects expanding consumer demand and increasing mobility needs, which subsequently accelerates the manufacturing of engines and associated components such as crankshafts. For instance, in March 2024, according to HonestJohn.co.uk, a UK-based automotive statistics website, global passenger car sales reached approximately 74.6 million units, marking a growth of about 2.5% compared to 2023. Consequently, the increasing demand for both passenger and commercial vehicles is fueling the growth of the automotive crankshaft market.
Automotive Crankshaft Market Segment Analysis: What Are The Major Market Categories?
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
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
Automotive Crankshaft Market Growth Trends Influencing Competitive Dynamics
Leading businesses in the automotive crankshaft market are introducing new crankshafts to meet the substantial aftermarket demand. A crankshaft is a specialized component engineered for piston engines, transforming the pistons’ linear motion into rotary movement. For example, Monedero, a Spain-based provider of components and accessories for the automotive sector, launched the initial iteration of the OM471LA crankshaft in September 2023, thereby addressing a considerable aftermarket requirement. Before this introduction, no other aftermarket company had been able to offer an alternative to the original references that satisfied customer needs. The OM471LA crankshaft carries the reference 10011000051, which is equivalent to the original Mercedes Benz references: A4710300101, A47110300201, and A4710300401. Notably, the OM471LA crankshaft is designed for Mercedes Benz and other pertinent model applications.
Automotive Crankshaft Market Leading Companies Driving Competitive Growth
Major companies operating in the automotive crankshaft market report include Maschinenfabrik ALFING Kessler GmbH, Bharat Forge Ltd., ThyssenKrupp AG, Tianrun Crankshaft Co. Ltd., Arrow Precision Ltd., Farndon Engineering Ltd., Metalyst Forgings Ltd., Balu Forge Industries Ltd., Kellogg Crankshaft Company, Crower Cams & Equipment Co. Inc., Mahindra CIE Automotive Ltd., CIE Automotive S.A., Rheinmetall AG, MAHLE GmbH, GKN plc, Federal-Mogul LLC, Cooper Corporation, Amtek Group, Ciguenales Sanz SL, BMV Precision Engineering
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Automotive Crankshaft Market Regional Distribution: Which Areas Drive Market Expansion?
Europe was the largest region in the automotive crankshaft market in 2025. The regions covered in the automotive crankshaft market report include Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.