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Automotive Engine Crankshaft Unlocking Growth Opportunities: Analysis and Forecast 2025-2033
Automotive Engine Crankshaft by Type (Billet Crankshaft, Casting Crankshaft, Forged Crankshaft, World Automotive Engine Crankshaft Production ), by Application (OEM, Aftermarket, World Automotive Engine Crankshaft Production ), by North America (United States, Canada, Mexico), by South America (Brazil, Argentina, Rest of South America), by Europe (United Kingdom, Germany, France, Italy, Spain, Russia, Benelux, Nordics, Rest of Europe), by Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, Rest of Middle East & Africa), by Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania, Rest of Asia Pacific) Forecast 2026-2034
Base Year: 2025
177 Pages
Automotive Engine Crankshaft Unlocking Growth Opportunities: Analysis and Forecast 2025-2033
Automotive Engine Crankshaft Unlocking Growth Opportunities: Analysis and Forecast 2025-2033
The global automotive engine crankshaft market is poised for substantial growth, projected to expand at a Compound Annual Growth Rate (CAGR) of 5%. This dynamic market, valued at $8.7 billion in the base year 2025, is anticipated to reach significant valuation by 2033. Key growth drivers include escalating vehicle production worldwide, particularly in emerging economies. The increasing adoption of Advanced Driver-Assistance Systems (ADAS) and the evolving landscape of Electric Vehicles (EVs), which require innovative crankshaft designs, are also contributing factors. Furthermore, stringent global emission regulations are compelling automakers to develop more fuel-efficient engines, influencing crankshaft material selection and manufacturing processes. The market is segmented by crankshaft type, including billet, casting, and forged, and by application, with the Original Equipment Manufacturer (OEM) segment holding a dominant position due to high-volume vehicle production. Geographically, the Asia Pacific region is expected to lead in production volume, driven by significant automotive manufacturing hubs in China and India. North America and Europe are projected to exhibit steady growth, supported by mature automotive industries and a rising demand for high-performance vehicles.
Automotive Engine Crankshaft Market Size (In Billion)
15.0B
10.0B
5.0B
0
8.700 B
2025
9.135 B
2026
9.592 B
2027
10.07 B
2028
10.57 B
2029
11.10 B
2030
11.66 B
2031
While the market outlook is positive, challenges persist. Volatile raw material prices, notably for steel, present a notable risk to manufacturer profitability. Intensifying competition, especially from emerging market players, is exerting pressure on pricing and profit margins. Technological advancements, including the development of lighter and more robust crankshaft materials such as advanced alloys and composites, are actively reshaping the competitive arena. Strategic collaborations, mergers, and acquisitions are likely to increase as companies pursue market share and technological superiority amidst evolving industry trends. The sustained emphasis on fuel efficiency, adherence to emission standards, and the ongoing transition towards electric mobility will continue to define the future trajectory of the automotive engine crankshaft market.
Automotive Engine Crankshaft Company Market Share
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Automotive Engine Crankshaft Trends
The global automotive engine crankshaft market, valued at approximately 20 million units in 2025, is projected to experience significant growth during the forecast period (2025-2033). This growth is fueled by a confluence of factors including the increasing demand for vehicles globally, particularly in developing economies, and the ongoing evolution of internal combustion engine (ICE) technology. While the rise of electric vehicles (EVs) presents a long-term challenge, the continued relevance of ICEs in various segments, such as commercial vehicles and certain passenger car markets, ensures sustained demand for crankshafts in the near to mid-term. The market is witnessing a shift towards more efficient and durable crankshaft designs, driven by the need for improved fuel economy and reduced emissions. This trend is evident in the increasing adoption of advanced materials and manufacturing processes, leading to lighter, stronger, and more precisely engineered crankshafts. The market is also characterized by a diverse range of players, from large multinational corporations to specialized niche manufacturers, each catering to specific segments and technological demands. This competitive landscape fosters innovation and price competitiveness, benefiting consumers and original equipment manufacturers (OEMs) alike. Furthermore, the aftermarket segment presents a significant opportunity for growth, driven by the repair and replacement needs of existing vehicles. The overall market dynamics suggest a period of steady growth, punctuated by technological advancements and shifts in consumer preferences, which ultimately shape the future demand for automotive engine crankshafts. The historical period (2019-2024) saw a relatively stable growth trajectory, setting the stage for more pronounced expansion in the coming years.
Driving Forces: What's Propelling the Automotive Engine Crankshaft Market?
Several key factors are driving the growth of the automotive engine crankshaft market. Firstly, the expanding global automotive industry, especially in emerging markets like Asia and South America, is creating a significant demand for new vehicles, directly impacting the need for crankshafts. Secondly, advancements in engine technology, such as the development of more efficient and powerful engines, necessitate the production of sophisticated and durable crankshafts capable of withstanding increased stress and strain. The trend towards downsizing engines while maintaining performance further contributes to this demand for high-quality crankshafts. Thirdly, the aftermarket segment plays a crucial role, fueled by the repair and replacement needs of aging vehicles. This provides a consistent stream of demand for crankshafts, independent of new vehicle production cycles. Finally, ongoing research and development in materials science are leading to the creation of lighter and stronger crankshaft materials, improving engine efficiency and fuel economy. These advancements, coupled with improved manufacturing processes, enhance the overall performance and longevity of crankshafts, contributing to increased demand within the market.
Challenges and Restraints in the Automotive Engine Crankshaft Market
Despite the positive growth trajectory, the automotive engine crankshaft market faces several challenges. The most significant is the rapid transition towards electric vehicles (EVs), which fundamentally alters the demand for traditional ICE components. As EV adoption accelerates, the long-term outlook for ICE-related parts, including crankshafts, becomes less certain. Furthermore, fluctuating raw material prices, particularly for metals like steel and aluminum, can significantly impact production costs and profitability. This volatility poses a risk to manufacturers' margins and necessitates efficient supply chain management to mitigate price fluctuations. Stringent emission regulations worldwide are also placing pressure on manufacturers to develop more fuel-efficient engines, demanding increasingly sophisticated and costly crankshaft designs. Competition from emerging markets with lower labor costs presents another challenge, requiring established manufacturers to enhance their efficiency and technological capabilities to remain competitive. Finally, the cyclical nature of the automotive industry, subject to economic downturns and fluctuations in consumer demand, adds another layer of uncertainty to market projections.
Key Region or Country & Segment to Dominate the Market
The Asia-Pacific region is expected to dominate the automotive engine crankshaft market throughout the forecast period (2025-2033), driven by robust automotive production growth in countries like China, India, and Japan. Within this region, China's massive automotive manufacturing sector alone accounts for a significant portion of global crankshaft demand.
Asia-Pacific: The largest market share due to high vehicle production and a growing middle class driving demand for personal vehicles.
North America: A significant market, driven by strong OEM presence and a substantial aftermarket segment.
Europe: A mature market with a focus on high-performance and efficient engine designs.
In terms of crankshaft type, the forged crankshaft segment is anticipated to hold a leading market share, owing to its superior strength, durability, and ability to withstand high stress levels compared to cast or billet alternatives. This segment caters well to high-performance and heavy-duty applications. The OEM (Original Equipment Manufacturer) segment is expected to maintain a dominant position, reflecting the significant demand from automobile manufacturers for crankshafts during the production process. However, the aftermarket segment is projected to witness steady growth, driven by the increasing number of older vehicles requiring repairs and crankshaft replacements.
The global production of automotive engine crankshafts is projected to exceed 100 million units by 2033, driven primarily by the growth in emerging markets and the sustained demand for vehicles equipped with ICEs in specific segments, such as commercial vehicles and some passenger car categories.
Growth Catalysts in the Automotive Engine Crankshaft Industry
The automotive engine crankshaft industry's growth is propelled by several key catalysts. The expanding global automotive sector, especially in emerging markets, fuels strong demand for new vehicles and their components. Advancements in engine technology, like downsizing and efficiency improvements, require sophisticated crankshaft designs. The aftermarket segment provides continuous demand for replacements and repairs. Lastly, ongoing research in materials science and manufacturing processes results in lighter, stronger, and more cost-effective crankshafts. These factors converge to create a dynamic and growing market.
Leading Players in the Automotive Engine Crankshaft Market
thyssenkrupp
Nippon Steel Integrated Crankshaft LLC
Scat Crankshafts
Millang Sazan
Matzinger Performance
Hema Driveline and Hydraulics Inc.
Braynt Racing Inc
Arrow Precision Ltd
Maschinenfabrik Alfing Kessler GmbH
Mahindra CIE Ltd.
Tianrun Industry Technology Co.,ltd.
Guilin Fuda Co.,ltd.
International Crankshaft Inc.
Bharat Forge
Lincoln Crankshaft & Machine Ltd
Cooper Corporation
Ohio Crankshaft
Qingdao Desheng Machine ManufactureCo., Ltd
FEUER powertrain Group
Cummins
GLMW
Liaoning 518 Internal Combustion Engine Parts Co., Ltd.
STROJÍRNY POLDI, as
Significant Developments in the Automotive Engine Crankshaft Sector
2020: Several major crankshaft manufacturers invested in advanced manufacturing technologies to improve efficiency and reduce production costs.
2021: New material compositions for crankshafts were introduced, emphasizing lighter weight and enhanced durability.
2022: Several key players announced strategic partnerships to expand their global reach and market share.
2023: Focus intensified on developing sustainable manufacturing practices, reducing the environmental footprint of crankshaft production.
2024: Significant research and development efforts directed towards optimizing crankshaft design for hybrid and fuel-efficient engines.
This report provides a detailed analysis of the global automotive engine crankshaft market, covering historical data (2019-2024), current estimates (2025), and future projections (2025-2033). It examines key market trends, drivers, restraints, and growth opportunities. Furthermore, the report profiles leading industry players, analyzes competitive landscapes, and identifies significant market segments, geographic regions, and technological advancements. The comprehensive data and insights offered are invaluable for businesses operating in or considering entering this dynamic market.
Automotive Engine Crankshaft Segmentation
1. Type
1.1. Billet Crankshaft
1.2. Casting Crankshaft
1.3. Forged Crankshaft
1.4. World Automotive Engine Crankshaft Production
2. Application
2.1. OEM
2.2. Aftermarket
2.3. World Automotive Engine Crankshaft Production
Automotive Engine Crankshaft Segmentation By Geography
Table 91: Rest of Asia Pacific Automotive Engine Crankshaft Revenue (billion) Forecast, by Application 2020 & 2033
Table 92: Rest of Asia Pacific Automotive Engine Crankshaft Volume (K) Forecast, by Application 2020 & 2033
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database
Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)
Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segments, product, and application.
Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
Web Analytics
Survey Reports
Research Institute
Latest Research Reports
Opinion Leaders
Secondary Research
Annual Reports
White Paper
Latest Press Release
Industry Association
Paid Database
Investor Presentations
Step 4 - Data Triangulation
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
Additionally, after gathering mixed and scattered data from a wide range of sources, data is triangulated and correlated to come up with estimated figures which are further validated through primary mediums or industry experts, opinion leaders.
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the Automotive Engine Crankshaft?
The projected CAGR is approximately 5%.
2. Which companies are prominent players in the Automotive Engine Crankshaft?
Key companies in the market include thyssenkrupp, Nippon Steel Integrated Crankshaft LLC, Scat Crankshafts, Millang Sazan, Matzinger Performance, Hema Driveline and Hydraulics Inc., Braynt Racing Inc, Arrow Precision Ltd, Maschinenfabrik Alfing Kessler GmbH, Mahindra CIE Ltd., Tianrun Industry Technology Co.,ltd., Guilin Fuda Co.,ltd., International Crankshaft Inc., Bharat Forge, Lincoln Crankshaft & Machine Ltd, Cooper Corporation, Ohio Crankshaft, Qingdao Desheng Machine ManufactureCo., Ltd, FEUER powertrain Group, Cummins, GLMW, Liaoning 518 Internal Combustion Engine Parts Co., Ltd., STROJÍRNY POLDI, as, .
3. What are the main segments of the Automotive Engine Crankshaft?
The market segments include Type, Application.
4. Can you provide details about the market size?
The market size is estimated to be USD 8.7 billion as of 2022.
5. What are some drivers contributing to market growth?
N/A
6. What are the notable trends driving market growth?
N/A
7. Are there any restraints impacting market growth?
N/A
8. Can you provide examples of recent developments in the market?
N/A
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4480.00, USD 6720.00, and USD 8960.00 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in billion and volume, measured in K.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "Automotive Engine Crankshaft," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the Automotive Engine Crankshaft report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the Automotive Engine Crankshaft?
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Automotive Engine Crankshaft