The global automotive crankshaft market is projected to grow from $4.7 billion in 2024 to $5.6 billion by 2029, expanding at a compound annual growth rate (CAGR) of 4.1%, according to The Business Research Company.
The report attributes this growth to the rising adoption of electric mobility, stringent emission regulations, and increased use of lightweight and eco-friendly manufacturing materials. Enhanced fuel efficiency targets, the integration of smart technologies, and the progression toward autonomous driving are also shaping market demand.
Europe led the global market in 2024, with Asia-Pacific and North America poised for notable growth. Key players include Arrow Precision Ltd., Nippon Steel Integrated Crankshaft LLC, ThyssenKrupp AG, Bharat Forge Ltd., and Maschinenfabrik ALFING Kessler GmbH.
Industry trends spotlight the use of 3D printing in production, circular economy initiatives, and the introduction of aftermarket innovations—such as Monedero’s OM471LA crankshaft for Mercedes-Benz applications, launched in September 2023.
The market segmentation covers crankshaft type (flat plane, cross plane), materials (forged iron/steel, cast iron/steel, others), and vehicle categories ranging from heavy commercial to luxury and sports utility vehicles.
Analysts note that increasingly strict emission standards, like India’s BS-VI norms implemented in 2020, are prompting automakers to develop more efficient crankshaft designs to meet regulatory and performance demands.
