Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Automotive Crankshaft Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Is the Forecasted Market Size and CAGR for the Automotive Crankshaft Market?
The size of the automotive crankshaft market has seen slight growth in recent years. The market size is projected to increase from $4.7 billion in 2024 to $4.76 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 1.3%.
What Is the Forecasted CAGR for the Automotive Crankshaft Market by 2029?
The Automotive Crankshaft Global Market is predicted to reach a market size of $5.6 billion in 2029, growing at a compound annual growth rate (CAGR) of 4.1%.
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What Are the Market Drivers in the Automotive Crankshaft Industry?
The key drivers in the automotive crankshaft market are:
• Transition to electric vehicles
• Emphasis on fuel efficiency and energy-efficient solutions
• Integration of smart, connected technologies in vehicles
• Adoption of sustainable manufacturing practices and shift towards autonomous vehicles
What Is the Segment-Wise Breakdown of the Automotive Crankshaft Market?
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, Other Materials
3) By Vehicle Type: Heavy Commercial Vehicles, Light Commercial Vehicles, Luxury Vehicles, Passenger Vehicles, Sport Utility Vehicles, Multi Utility Vehicles, Other Vehicle Types
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Which Emerging Trends Are Driving Growth in the Automotive Crankshaft Sector?
The key trends in the automotive crankshaft market are:
• The transition to electric vehicles is expected to shape the future of the automotive crankshaft market.
• There is an increasing emphasis on sustainability and fuel efficiency in manufacturing processes.
• Integration of smart and connected technologies in automotive crankshafts is an emerging trend.
• The adoption of lightweight materials, 3D printing technologies, and data analytics in design is becoming prevalent, further influencing the future market.
Which Companies Are Dominating the Automotive Crankshaft Market in Terms of Revenue?
Major players in the automotive crankshaft market are:
• Arrow Precision Ltd.
• Maschinenfabrik ALFING Kessler GMBH
• Nippon Steel Integrated Crankshaft LLC
• Tianrun Crankshaft Co. Ltd.
• ThyssenKrupp AG
• Bharat Forge Ltd.
• Crower Cams & Equipment Co. Inc.
• Farndon Engineering Ltd.
• Chad Bryant Racing LLC
• Ciguenales Sanz SL
• Metalyst Forgings Ltd.
• CIE Automotive India Ltd.
• Kellogg Crankshaft Company
• Amtek Group
• Mahindra CIE Automotive Ltd.
• Rheinmetall AG
• Sandvik AB
• Mahle GmbH
• Poole Construction Company Limited
• Kalyani Group
• TFO Tech Co Ltd.
• CTP Sinto America LLC
• Cooper Corporation
• BMV Precision Engineering
• Balu Forge Industries Ltd.
• GKN plc
• Kolbenschmidt Pierburg AG
• Federal-Mogul LLC
• Asahi Kasei Corporation
• Daido Metal Company
• Toyoda Koki Co Ltd.
• Miba AG
• SNC Manufacturing Company Inc.
What Are the Regions Driving Demand in the Automotive Crankshaft Market?
Europe was the largest region in the automotive crankshaft market in 2024
