Automotive Crankshaft Market Report 2026

Automotive Crankshaft Market Overview

• Automotive Crankshaft market size has reached to $4.76 billion in 2025 • Expected to grow to $5.87 billion in 2030 at a compound annual growth rate (CAGR) of 4.3% • Growth Driver: Growth In Vehicle Production Is Anticipated To Fuel Automotive Crankshaft Market • Market Trend: New Crankshafts To Fulfill The High Demand For This Aftermarket Product • Europe was the largest region in 2025.

What Is Covered Under Automotive Crankshaft Market?

The automotive crankshaft transforms 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. The main types of automotive crankshafts are flat planes and cross-plane. The flat-plane crank tends to rev higher than its cross-plane counterpart because each crankpin journal (the bits the connecting rods attach to) is spaced at 180-degree intervals. The various materials include forged iron and steel, cast iron and steel, and others and include several types of vehicles such as heavy commercial vehicles, light commercial vehicles, luxury vehicles, passenger vehicles, sport utility vehicles, multi-utility vehicles, and others.

What Is The Automotive Crankshaft Market Growth Forecast?

The automotive crankshaft market size is expected to see steady growth in the next few years. It will grow to $5.87 billion in 2030 at a compound annual growth rate (CAGR) of 4.3%. The growth in the forecast period can be attributed to hybrid powertrain demand, fuel efficiency regulations, high-performance vehicle growth, material innovation, precision manufacturing advancements. Major trends in the forecast period include lightweight crankshaft development, demand for high-strength materials, precision forging adoption, growth of performance engines, expansion of engine downsizing strategies.

Global Automotive Crankshaft Market Segmentation

1) By Type: Flat Plane, Cross Plane 2) By Material: Forged Iron Or Steel, Cast Iron Or Steel 3) By Vehicle Type: Heavy Commercial Vehicles, Light Commercial Vehicles, Luxury Vehicles, Passenger Vehicles, Sport Utility Vehicles, Multi Utility Vehicles, Other Vehicle Types Subsegments: 1) By Flat Plane: Lightweight Flat Plane Crankshafts, High-Performance Flat Plane Crankshafts 2) By Cross Plane: Traditional Cross Plane Crankshafts, Performance Cross Plane Crankshafts

What Is The Driver Of The Automotive Crankshaft Market?

The growth in vehicle production is expected to propel the growth of the automotive crankshaft market going forward. A vehicle is a mechanical device designed for transporting people or goods from one location to another, and increasing global production volumes directly raise the demand for essential engine components. Automotive crankshafts are critical parts of internal combustion engines, converting the reciprocating motion of pistons into rotational motion required to power the vehicle. The rise in global passenger car sales reflects expanding consumer demand and increasing mobility needs, which in turn accelerates the production of engines and associated components such as crankshafts. For instance, in March 2024, according to HonestJohn.co.uk, a UK-based automotive statistics website, global passenger car sales reached approximately 74.6 million units, marking a growth of about 2.5% compared to 2023. Therefore, the increasing demand for passenger and commercial vehicles is driving the growth of the automotive crankshaft industry.

What Is The Driver Of The Automotive Crankshaft Market?

The growth in vehicle production is expected to propel the growth of the automotive crankshaft market going forward. A vehicle is a mechanical device designed for transporting people or goods from one location to another, and increasing global production volumes directly raise the demand for essential engine components. Automotive crankshafts are critical parts of internal combustion engines, converting the reciprocating motion of pistons into rotational motion required to power the vehicle. The rise in global passenger car sales reflects expanding consumer demand and increasing mobility needs, which in turn accelerates the production of engines and associated components such as crankshafts. For instance, in March 2024, according to HonestJohn.co.uk, a UK-based automotive statistics website, global passenger car sales reached approximately 74.6 million units, marking a growth of about 2.5% compared to 2023. Therefore, the increasing demand for passenger and commercial vehicles is driving the growth of the automotive crankshaft industry.

Global Automotive Crankshaft Market Trends and Insights

Major companies operating in the automotive crankshaft market are launching new crankshafts to fulfill the high demand for this aftermarket product. Crankshaft is a specific product designed for use in a piston engine to convert the reciprocating motion of the piston into rotational motion. For instance, in September 2023, Monedero, a Spain-based provider of components and accessories for the automotive, launched the first version of the OM471LA crankshaft, fulfilling a significant demand in the aftermarket. Prior to this, no aftermarket company could provide an alternative to the original references that met customer requirements. The reference for the OM471LA crankshaft is 10011000051, which is equivalent to the original Mercedes Benz references: A4710300101, A47110300201, and A4710300401.Notably, the OM471LA crankshaft designed for Mercedes Benz and other relevant model applications.

What Are Latest Mergers And Acquisitions In The Automotive Crankshaft Market?

In July 2024, HD Korea Shipbuilding & Offshore Engineering (HD KSOE), a Korea–based shipbuilding company, acquired STX Heavy Industries for an undisclosed amount. As a result of the acquisition, HD Hyundai plans to leverage HD Hyundai Marine Engine's advanced manufacturing technologies in key components such as crankshafts and turbochargers to enhance synergy with HD HHI. Additionally, it aims to capitalize on eco-friendly engine technologies and broaden its global distribution network, bolstering its competitive position in the ship engine market. STX Heavy Industries is a Korea-based manufacturer of automotive crankshafts.

Regional Outlook

Europe was the largest region in the automotive crankshaft market in 2025. The regions covered in this market report include Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in this market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain

What Defines the Automotive Crankshaft Market?

The automotive crankshaft market consist of sales of cast, forged and billet crankshafts. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the Automotive Crankshaft Market Report 2026?

The automotive crankshaft market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the automotive crankshaft industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.