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Automotive Crankshaft Market Size Outlook: How Quickly Will Revenue Expand Through 2030?
The automotive crankshaft market size has grown steadily in recent years. It will grow from $4.76 billion in 2025 to $4.95 billion in 2026 at a compound annual growth rate (CAGR) of 3.9%. The growth in the historic period can be attributed to internal combustion engine dominance, forged steel usage, vehicle production growth, crankshaft standardization, engine platform expansion.
The automotive crankshaft market size is expected to see steady growth in the next few years. It will grow to $5.87 billion in 2030 at a compound annual growth rate (CAGR) of 4.3%. The growth in the forecast period can be attributed to hybrid powertrain demand, fuel efficiency regulations, high-performance vehicle growth, material innovation, precision manufacturing advancements. Major trends in the forecast period include lightweight crankshaft development, demand for high-strength materials, precision forging adoption, growth of performance engines, expansion of engine downsizing strategies.
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Automotive Crankshaft Market Expansion Drivers: What’s Shaping Future Growth?
The growth in vehicle production is expected to propel the growth of the automotive crankshaft market going forward. A vehicle is a mechanical device designed for transporting people or goods from one location to another, and increasing global production volumes directly raise the demand for essential engine components. Automotive crankshafts are critical parts of internal combustion engines, converting the reciprocating motion of pistons into rotational motion required to power the vehicle. The rise in global passenger car sales reflects expanding consumer demand and increasing mobility needs, which in turn accelerates the production 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. Therefore, the increasing demand for passenger and commercial vehicles is driving the growth of the automotive crankshaft market.
Automotive Crankshaft Market Segment Breakdown: Which Categories Lead On Revenue?
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 Strategic Trends: What Defines The Next Growth Phase?
Major companies operating in the automotive crankshaft market are launching new crankshafts to fulfill the high demand for this aftermarket product. Crankshaft is a specific product designed for use in a piston engine to convert the reciprocating motion of the piston into rotational motion. For instance, in September 2023, Monedero, a Spain-based provider of components and accessories for the automotive, launched the first version of the OM471LA crankshaft, fulfilling a significant demand in the aftermarket. Prior to this, no aftermarket company could provide an alternative to the original references that met customer requirements. The reference for the OM471LA crankshaft is 10011000051, which is equivalent to the original Mercedes Benz references: A4710300101, A47110300201, and A4710300401.Notably, the OM471LA crankshaft designed for Mercedes Benz and other relevant model applications.
Automotive Crankshaft Market Leading Players And Competitive Positioning
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 Analysis And Top Geography
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.
