The global Automotive Crankshaft Market study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments including By Type (Single-piece crankshaft, Built-up Crankshaft, Semi-built Crankshafts, Forged Crankshafts, Welded Crankshafts, Cast Crankshafts, Billet Crankshafts ), By Material (Forged steel, Cast iron/steel, Machined billet), By Vehicle (Passenger Car, Commercial Vehicle).
The Automotive Crankshaft market is a crucial component of vehicle engine systems, converting reciprocating motion into rotational motion to drive the transmission and ultimately propel the vehicle. Crankshafts play a pivotal role in engine operation, providing smooth and efficient power delivery while withstanding high levels of stress and vibration. With the automotive industry's focus on engine performance, fuel efficiency, and emissions reduction, the demand for high-quality crankshafts continues to grow. Manufacturers in this market focus on developing crankshafts with advanced materials, precision machining, and optimized designs to meet the rigorous demands of modern engines and driving conditions. Moreover, advancements in crankshaft technology, including lightweight alloys, forged manufacturing processes, and counterbalance designs, drive innovation, enabling improved engine efficiency, durability, and performance. Additionally, as vehicle designs evolve to incorporate more electrification and hybridization, the Automotive Crankshaft market presents opportunities for further innovation and customization to meet the evolving needs of vehicle manufacturers and consumers, ensuring optimal powertrain performance and reliability.
The global Automotive Crankshaft market is highly competitive with a large number of companies focusing on niche market segments. Amidst intense competitive conditions, Automotive Crankshaft Companies are investing in new product launches and strengthening distribution channels. Key companies operating in the Automotive Crankshaft Market Industry include- Arrow Precision Engineering Ltd, Bryant Racing Inc, Kalyani Group, Mahindra Group, Maschinenfabrik Alfing Kessler GmbH, Nippon Steel Corp, Rheinmetall AG, Sandvik AB, Thyssenkrupp AG, Tianrun Crankshaft Co. Ltd.
A prominent trend in the automotive crankshaft market is the increasing demand for lightweight and high-strength materials. As automakers strive to improve fuel efficiency and reduce emissions, there's a growing emphasis on lightweight vehicle components, including crankshafts. Lightweight materials such as forged steel, ductile iron, and even advanced composites are being utilized to manufacture crankshafts that offer both strength and reduced mass. This trend towards lightweight materials in crankshaft manufacturing is driven by the need to optimize engine performance while meeting stringent regulatory standards for fuel economy and emissions.
A significant driver shaping the automotive crankshaft market is the growth in automotive production and sales worldwide. With expanding economies, increasing disposable income, and urbanization, the demand for vehicles continues to rise globally. As a fundamental component of internal combustion engines, crankshafts are essential for converting linear motion into rotational motion, powering vehicles across various segments. The increase in automotive production and sales directly correlates with the demand for crankshafts, as automakers ramp up manufacturing to meet consumer demand and expand their market presence.
An emerging opportunity in the automotive crankshaft market lies in the development of lightweight and high-performance crankshaft solutions. With advancements in materials science and manufacturing technology, there's potential to innovate and create crankshafts that offer superior performance, reduced weight, and increased durability. Manufacturers can explore materials such as carbon fiber, titanium, and advanced alloys to develop crankshafts that not only meet the demands for lightweight but also withstand higher engine speeds, loads, and operating conditions. By leveraging these opportunities and developing innovative crankshaft solutions, manufacturers can address the evolving needs of the automotive industry and gain a competitive edge in the automotive crankshaft market.
By Type
Single Piece Crankshaft
Built-up Crankshaft
Semi-built Crankshafts
Forged Crankshafts
Welded Crankshafts
Cast Crankshafts
Billet Crankshafts
By Material
Forged steel
Cast iron/steel
Machined billet
By Vehicle
Passenger Car
Commercial VehicleGeographical Analysis
North America (United States, Canada, Mexico)
Europe (Germany, France, United Kingdom, Spain, Italy, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa
Arrow Precision Engineering Ltd
Bryant Racing Inc
Kalyani Group
Mahindra Group
Maschinenfabrik Alfing Kessler GmbH
Nippon Steel Corp
Rheinmetall AG
Sandvik AB
Thyssenkrupp AG
Tianrun Crankshaft Co. Ltd
*- List not Exhaustive
TABLE OF CONTENTS
1 Introduction to 2024 Automotive Crankshaft Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Analyzed
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain
2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations
3 Executive Summary
3.1 Global Automotive Crankshaft Market Size Outlook, $ Million, 2021 to 2030
3.2 Automotive Crankshaft Market Outlook by Type, $ Million, 2021 to 2030
3.3 Automotive Crankshaft Market Outlook by Product, $ Million, 2021 to 2030
3.4 Automotive Crankshaft Market Outlook by Application, $ Million, 2021 to 2030
3.5 Automotive Crankshaft Market Outlook by Key Countries, $ Million, 2021 to 2030
4 Market Dynamics
4.1 Key Driving Forces of Automotive Crankshaft Industry
4.2 Key Market Trends in Automotive Crankshaft Industry
4.3 Potential Opportunities in Automotive Crankshaft Industry
4.4 Key Challenges in Automotive Crankshaft Industry
5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Automotive Crankshaft Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook
6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts
7 Global Automotive Crankshaft Market Outlook by Segments
7.1 Automotive Crankshaft Market Outlook by Segments, $ Million, 2021- 2030
By Type
Single Piece Crankshaft
Built-up Crankshaft
Semi-built Crankshafts
Forged Crankshafts
Welded Crankshafts
Cast Crankshafts
Billet Crankshafts
By Material
Forged steel
Cast iron/steel
Machined billet
By Vehicle
Passenger Car
Commercial Vehicle
8 North America Automotive Crankshaft Market Analysis and Outlook To 2030
8.1 Introduction to North America Automotive Crankshaft Markets in 2024
8.2 North America Automotive Crankshaft Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Automotive Crankshaft Market size Outlook by Segments, 2021-2030
By Type
Single Piece Crankshaft
Built-up Crankshaft
Semi-built Crankshafts
Forged Crankshafts
Welded Crankshafts
Cast Crankshafts
Billet Crankshafts
By Material
Forged steel
Cast iron/steel
Machined billet
By Vehicle
Passenger Car
Commercial Vehicle
9 Europe Automotive Crankshaft Market Analysis and Outlook To 2030
9.1 Introduction to Europe Automotive Crankshaft Markets in 2024
9.2 Europe Automotive Crankshaft Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Automotive Crankshaft Market Size Outlook by Segments, 2021-2030
By Type
Single Piece Crankshaft
Built-up Crankshaft
Semi-built Crankshafts
Forged Crankshafts
Welded Crankshafts
Cast Crankshafts
Billet Crankshafts
By Material
Forged steel
Cast iron/steel
Machined billet
By Vehicle
Passenger Car
Commercial Vehicle
10 Asia Pacific Automotive Crankshaft Market Analysis and Outlook To 2030
10.1 Introduction to Asia Pacific Automotive Crankshaft Markets in 2024
10.2 Asia Pacific Automotive Crankshaft Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Automotive Crankshaft Market size Outlook by Segments, 2021-2030
By Type
Single Piece Crankshaft
Built-up Crankshaft
Semi-built Crankshafts
Forged Crankshafts
Welded Crankshafts
Cast Crankshafts
Billet Crankshafts
By Material
Forged steel
Cast iron/steel
Machined billet
By Vehicle
Passenger Car
Commercial Vehicle
11 South America Automotive Crankshaft Market Analysis and Outlook To 2030
11.1 Introduction to South America Automotive Crankshaft Markets in 2024
11.2 South America Automotive Crankshaft Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Automotive Crankshaft Market size Outlook by Segments, 2021-2030
By Type
Single Piece Crankshaft
Built-up Crankshaft
Semi-built Crankshafts
Forged Crankshafts
Welded Crankshafts
Cast Crankshafts
Billet Crankshafts
By Material
Forged steel
Cast iron/steel
Machined billet
By Vehicle
Passenger Car
Commercial Vehicle
12 Middle East and Africa Automotive Crankshaft Market Analysis and Outlook To 2030
12.1 Introduction to Middle East and Africa Automotive Crankshaft Markets in 2024
12.2 Middle East and Africa Automotive Crankshaft Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Automotive Crankshaft Market size Outlook by Segments, 2021-2030
By Type
Single Piece Crankshaft
Built-up Crankshaft
Semi-built Crankshafts
Forged Crankshafts
Welded Crankshafts
Cast Crankshafts
Billet Crankshafts
By Material
Forged steel
Cast iron/steel
Machined billet
By Vehicle
Passenger Car
Commercial Vehicle
13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
List of Companies
Arrow Precision Engineering Ltd
Bryant Racing Inc
Kalyani Group
Mahindra Group
Maschinenfabrik Alfing Kessler GmbH
Nippon Steel Corp
Rheinmetall AG
Sandvik AB
Thyssenkrupp AG
Tianrun Crankshaft Co. Ltd
14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise
By Type
Single Piece Crankshaft
Built-up Crankshaft
Semi-built Crankshafts
Forged Crankshafts
Welded Crankshafts
Cast Crankshafts
Billet Crankshafts
By Material
Forged steel
Cast iron/steel
Machined billet
By Vehicle
Passenger Car
Commercial Vehicle
The global Automotive Crankshaft Market is one of the lucrative growth markets, poised to register a 3.1% growth (CAGR) between 2024 and 2030.
Emerging Markets across Asia Pacific, Europe, and Americas present robust growth prospects.
Arrow Precision Engineering Ltd, Bryant Racing Inc, Kalyani Group, Mahindra Group, Maschinenfabrik Alfing Kessler GmbH, Nippon Steel Corp, Rheinmetall AG, Sandvik AB, Thyssenkrupp AG, Tianrun Crankshaft Co. Ltd
Base Year- 2023; Estimated Year- 2024; Historic Period- 2018-2023; Forecast period- 2024 to 2030; Currency: USD; Volume