The global automotive crankshaft market size is expected to grow from $4.17 billion in 2021 to $4.40 billion in 2022 at a compound annual growth rate (CAGR) of 5.6%. The global automotive crankshafts market is expected to grow to $4.90 billion in 2026 at a CAGR of 2.8%.
What is the Global Automotive Crankshaft Market?
The automotive crankshaft market consists of the sales of automotive crankshafts by entities (organizations, partnerships, and sole proprietors) that transform the force generated by combustion into circular motion in the engine required to propel a vehicle. The crankshaft is a heavy-duty component located at the engine's bottom and is typically constructed of steel or iron. It is connected to the pistons' bases through connecting rods that attach to crank pins at zig-zag offsets from the crankshaft's centerline. This arrangement allows the pistons' vertical movement to spin the crankshaft and generate rotational energy.
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What drives the Global Automotive Crankshaft Market?
The adoption of new emission standards is significantly contributing to the growth of the automotive crankshaft market. The regulatory bodies of various countries are coming up with new emission guidelines to reduce pollution. The imposed mandatory emission control is directing automotive crankshaft players to manufacture more optimized crankshafts to fulfill production demand, as it is a vital component of the internal combustion engine that is directly linked to emissions. For instance, according to the Hindu Business Line, a financial and business daily newspaper, the Indian government made it mandatory to follow BS-VI guidelines for vehicles from April 2020 to reduce pollution drastically. Hence, the adoption of new emission standards is expected to propel the growth of the automotive crankshaft market going forward.
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Global Automotive Crankshaft Market Segments
The global automotive crankshaft market is segmented:
By Type: Flat Plane, Cross Plane
By Material: Forged Iron or Steel, Cast Iron or Steel, Others
By Vehicle Type: Heavy Commercial Vehicles, Light Commercial Vehicles, Luxury Vehicles, Passenger Vehicles, Sport Utility Vehicles, Multi Utility Vehicles, Others
By Geography: The regions covered in the automotive crankshaft market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Automotive Crankshaft Global Market Report 2022provides market size and growth forecasts for the global automotive crankshaft market, global automotive crankshaft market share, automotive crankshaft market segments and geographies, automotive crankshaft market competitive landscape including leading competitors’ revenues, profiles and market shares. The automotive crankshaft market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Automotive Crankshaft Industry Playersinclude Arrow Precision Ltd., Maschinenfabrik ALFING Kessler GMBH, Nippon Steel Integrated Crankshaft LLC, Tianrun Crankshaft Co. Ltd., ThyssenKrupp AG, Bharat Forge Limited, Crower Cams & Equipment Co Inc., Farndon Engineering, Bryant Racing, Ciguenales Sanz, Metalyst Forgings Limited, CIE Automotive, Kellogg Crankshaft, and Amtek Group. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
