1. What is the projected Compound Annual Growth Rate (CAGR) of the Automotive Crankshaft Market?
The projected CAGR is approximately 5%.
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Automotive Crankshaft MarketAutomotive Crankshaft Market by Type (Flat Plane, Cross Plane), by Material (Cast Steel, Forged Iron/steel), by Vehicle type (Passenger Cars, Commercial Vehicles), by North America (U.S., Canada, Mexico), by Europe (UK, Germany, France, Italy, Spain, Russia, Netherlands, Switzerland, Poland, Sweden, Belgium), by Asia Pacific (China, India, Japan, South Korea, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, New Zealand), by Latin America (Brazil, Mexico, Argentina, Chile, Colombia, Peru), by MEA (UAE, Saudi Arabia, South Africa, Egypt, Turkey, Israel, Nigeria, Kenya) Forecast 2026-2034
The Automotive Crankshaft Market was valued at USD 8.7 billion in the base year 2025 and is projected to reach USD 10.4 billion by 2032, exhibiting a CAGR of 5% during the forecast period. An automotive crankshaft is a vital engine component that transforms linear piston motion into rotational force, powering vehicle locomotion. Constructed from durable forged steel or cast iron, crankshafts are available in single-piece designs for enhanced robustness and multi-piece variants for simplified maintenance. Key attributes include counterweights for vibration balancing and journals for smooth rotation. These components are integral to a wide range of engines, from standard internal combustion to high-performance racing applications, ensuring efficient power transfer and optimal engine performance.
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| Aspects | Details |
|---|---|
| Study Period | 2020-2034 |
| Base Year | 2025 |
| Estimated Year | 2026 |
| Forecast Period | 2026-2034 |
| Historical Period | 2020-2025 |
| Growth Rate | CAGR of 5% from 2020-2034 |
| Segmentation |
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Note*: In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 5%.
Key companies in the market include Thyssenkrupp AG, Nippon Steel Integrated Crankshaft LLC, Braynt Racing Inc., Arrow Precision Ltd., Maschinenfabrik Alfing Kessler GmbH, Mahindra CIE, Tianrun Crankshaft Co..
The market segments include Type, Material, Vehicle type.
The market size is estimated to be USD 8.7 billion as of 2022.
Increasing Demand for Forged Products in Power. Agriculture. Aerospace. and Defense to Drive Industry Expansion.
N/A
Rising Inclination Towards Electric Vehicles to Restrain the Market Growth..
N/A
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The market size is provided in terms of value, measured in billion and volume, measured in K Units .
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