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Automotive Crankshaft Market Size, Share & Trends Analysis Report By Vehicle Type (Heavy Commercial Vehicles (HCVs), Light Commercial Vehicles (LCVS), SUVs, MUVs, Passenger Vehicles, Others), By Crankshaft Type (Flat Plane, Cross Plane), By Material (Forged Iron/Steel, Cast Iron/Steel, Others) and By Region (North America, Europe, APAC, Middle East and Africa, LATAM) Forecasts, 2026-2034

Last Updated: October 22, 2026 | Author: Tejas Zamde | Format:

Automotive Crankshaft Market Size & Growth Analysis

The global automotive crankshaft market size was valued at USD 3.24 billion in 2025 and is projected to grow from USD 3.31 billion in 2026 to USD 3.96 billion by 2034, registering a CAGR of 2.25% during the forecast period (2026–2034). Asia Pacific dominated the automotive crankshaft market with a share of 43.2% in 2025.

An automotive crankshaft is an engine component that converts the reciprocating motion of pistons into rotational motion to power a vehicle. Automotive crankshafts are commonly classified under HSN Code 848310 (transmission shafts, including crankshafts) and SIC Code 3714 (Motor Vehicle Parts and Accessories). 

Automotive Crankshaft Key Takeaways

Global Market Size & Growth

2025 Market Size
USD 3.24 Billion
2026 Market Size
USD 3.31 Billion
2034 Projected Market Size
USD 3.96 Billion
Forecast Period
2026–2034
Base Year
2025
Market CAGR (2026–2034)
2.25%

Regional Insights

Largest Regional Market (2025)
Asia Pacific
Asia Pacific Market Share (2025)
43.2%
Fastest-growing Region
Europe
Europe CAGR (2026–2034)
5.7%

Segment Insights

By Vehicle Type
Leading Segment
Passenger Vehicles
Market Share in 2025 27.6%
By Crankshaft Type
Fastest-growing segment
Cross Plane
CAGR 5% (2026-2034)
By Material
Leading Segment
Forged Iron/Steel
Market Share in 2025 58.6%
Automotive Crankshaft Market Size

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Automotive Crankshaft Market Dynamics

01

Higher Engine Output Increases Reinforced Crankshaft Demand and Component Localization Boosts Domestic Crankshaft Production Drive Market

Higher engine output requirements are increasing demand for crankshafts with greater strength and durability to handle increased torque and combustion loads. Growing use of turbocharged and high-torque engines places greater mechanical stress on crankshaft components during vehicle operation. For example, heavy-duty diesel engines in pickup trucks and commercial vehicles require reinforced crankshafts to manage high torque under continuous load conditions. This shift toward higher engine loads is increasing demand for stronger crankshaft designs and supporting procurement from engine and vehicle manufacturers.

The growth of automotive component localization is increasing domestic production capacity for crankshafts as manufacturers expand local sourcing and machining operations. Rising demand for locally produced engine components is encouraging suppliers to establish or expand crankshaft manufacturing facilities closer to vehicle and engine assembly plants. For example, automotive suppliers in India can produce crankshafts locally for passenger vehicles and commercial engines, reducing dependence on imported components. This expansion of local manufacturing is increasing crankshaft supply capacity and strengthening procurement links between component suppliers and automotive manufacturers.

01

Complex Manufacturing Processes and Strict Emission Regulations Restrain Market Expansion

Complex machining and forging processes require specialized equipment, precision manufacturing, and multiple production stages to meet crankshaft performance requirements. These requirements increase manufacturing costs, which can limit production efficiency and raise component prices, slowing market expansion. 

Stringent emission regulations increase pressure on automakers to reduce emissions from internal combustion engines and adopt cleaner powertrain technologies. The resulting shift toward alternative powertrains reduces demand for engine components such as crankshafts, limiting their adoption and long-term market growth.

01

Development of Lightweight Crankshaft Materials and Growth of Crankshafts in Commercial and Off-Highway Vehicles Offers Growth Opportunities

Automotive OEMs and crankshaft manufacturers can benefit from lighter materials that help reduce engine weight and improve vehicle efficiency. Lightweight crankshafts create revenue avenues through premium component supply for passenger vehicles and commercial applications where efficiency is important. Material suppliers with suitable high-strength solutions can also gain new automotive contracts.

Commercial vehicle manufacturers, agricultural equipment producers, and off-highway engine suppliers represent key customers for crankshaft manufacturers. Demand from these applications creates new revenue avenues through specialized crankshaft supply for trucks, construction equipment, and agricultural machinery. Suppliers with products suited to high-load operating conditions can expand into these vehicle and equipment segments.

Segmentation Analysis 

By Vehicle Type

The passenger vehicles segment accounted for the largest market share of 27.6%, driven by high production volumes and sustained demand for personal mobility. Continued manufacturing of internal combustion engine vehicles and rising vehicle ownership are supporting demand for automotive crankshafts.

The SUVs segment is projected to register the highest CAGR of 5.4%, fueled by growing consumer preference for sport utility vehicles and expanding production across major automotive markets. Demand for powerful engines and larger vehicles is expected to support segment growth.

Automotive Crankshaft Market Size By Segments

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By Crankshaft Type

The flat plane segment is expected to grow at a CAGR of 4.5%, supported by its lightweight design and ability to deliver rapid engine response. Its application in performance-oriented vehicles and specialized engine configurations is expected to sustain demand.

The cross plane segment is projected to expand at a CAGR of 5%, driven by its smooth power delivery, reduced vibration, and suitability for a broad range of automotive engines. Continued demand for reliable engine performance and improved driving comfort is expected to support adoption.

By Material

The forged iron/steel segment is anticipated to grow at a CAGR of 5.2%, driven by its high strength, fatigue resistance, and ability to withstand demanding engine operating conditions. Ongoing demand for durable crankshafts in high-load applications and advances in forging technologies are expected to support growth.

The cast iron/steel segment is expected to register a CAGR of 4.4%, supported by its cost-effectiveness, manufacturing efficiency, and suitability for conventional engine applications. Continued demand for economical automotive components and established casting processes will contribute to segment expansion.

Automotive Crankshaft Market Share By Segments

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Automotive Crankshaft Market Regional Outlook

Asia Pacific Automotive Crankshaft Market Analysis

The Asia Pacific automotive crankshaft market accounted for the largest regional share of 43.2% in 2025, with the region’s strong automotive manufacturing base and continued growth in hybrid and internal-combustion vehicle production sustaining demand for crankshafts, even as electrification accelerates across major markets.

Japan Automotive Crankshaft Market

The Japan automotive crankshaft market is being reshaped by the country’s target for 100% of new passenger-vehicle sales to be electrified by 2035, while electrified vehicles are also targeted to reach 20–30% of new light-commercial vehicle sales by 2030, influencing the future mix and technology requirements for engine-component demand.

China Automotive Crankshaft Market

The China automotive crankshaft market faces a major shift toward electrification as the 2030 national target calls for new-energy vehicles to account for 70% of new passenger-car sales and 40% of new commercial-vehicle sales, alongside efforts to raise automotive labor productivity by 15% by 2030, encouraging advanced and efficient component manufacturing.

India Automotive Crankshaft Market

The India automotive crankshaft market gains from the government’s ongoing push to expand automotive manufacturing, with the ₹25,938 crore PLI-Auto scheme having attracted ₹44,326 crore in investment by March 2026, while the sector’s 2030 roadmap targets $145 billion in automotive-component production and $60 billion in component exports, creating scope for higher-value component manufacturing.

Asia Pacific Automotive Crankshaft Market Revenue Share 2025

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Europe Automotive Crankshaft Market Analysis

The Europe automotive crankshaft market, projected to expand at a 5.7% CAGR during 2026–2034, is being reshaped by EU vehicle-emission rules, with the 2030–2034 fleet target set at 49.5 g CO₂/km for new passenger cars, while the Commission’s revised framework allows hybrids and internal-combustion vehicles to continue playing a role beyond 2035, supporting ongoing demand for engine components during the transition.

U.K. Automotive Crankshaft Market

The U.K. automotive crankshaft market faces a gradual shift in powertrain demand as the government’s ZEV mandate raises the required share of zero-emission new car sales to 33% in 2026, 52% in 2028 and 80% by 2030, while all new cars and vans are targeted to be zero-emission by 2035, influencing the future volume of conventional engine components.

Germany Automotive Crankshaft Market

The Germany automotive crankshaft market is undergoing a major powertrain transition, with the government maintaining a target of 15 million fully electric passenger cars on German roads by 2030 and extending vehicle-tax exemptions for new battery-electric vehicles registered through 2030, which will gradually reshape demand for conventional engine components.

North America Automotive Crankshaft Market Analysis

The North America automotive crankshaft market accounted for a regional share of 21.4% in 2025, while the region’s automotive manufacturing base continues to evolve, with the IEA projecting U.S. electric-car manufacturing capacity above 3.5 million units by 2030 and flexible ICE/electric production capacity of nearly 8 million units, supporting continued demand for engine components alongside the transition to electrification.

U.S. Automotive Crankshaft Market

The U.S. automotive crankshaft market can draw continued demand from domestic vehicle manufacturing, with General Motors committing $4 billion to expand U.S. production, including $888 million for its propulsion plant in New York, while Toyota plans an additional $10 billion in U.S. investment over the next decade, including expanded hybrid production.

Canada Automotive Crankshaft Market

The Canada automotive crankshaft market is being reshaped by the country’s automotive electrification strategy, with the government projecting more than 840,000 EVs to receive incentives through 2030 and targeting 60% of new light-duty vehicle sales as zero-emission vehicles by 2030, increasing the shift toward electrified powertrains and influencing future demand for conventional engine components.

Competitive Landscape

The automotive crankshaft market is moderately fragmented, with participation from large global automotive component manufacturers, specialized crankshaft producers, forged and machined component suppliers, and regional manufacturers serving original equipment manufacturers and the aftermarket. The leading players in the Automotive Crankshaft Market are Bharat Forge Ltd, Bryant Racing Inc., Tianrun Crankshaft Co. Ltd., with these three companies collectively accounting for approximately 20% of the global automotive crankshaft market share.

Established players primarily compete on manufacturing scale, dimensional precision, material strength, durability, production consistency, quality standards, advanced forging and machining capabilities, cost efficiency, and long-term relationships with vehicle manufacturers. Emerging players generally compete through competitive pricing, customized crankshaft designs, lightweight materials, flexible production volumes, advanced manufacturing techniques, shorter lead times, and solutions tailored to specific engine and vehicle requirements within the automotive crankshaft market ecosystem.

List of Key and Emerging Players in Automotive Crankshaft Market

Bharat Forge Limited (India)
Bryant Racing Inc. (U.S.)
Tianrun Crankshaft Co., Ltd. (China)
NSI Crankshaft (U.S.)
thyssenkrupp Crankshaft Company LLC (U.S.)
Arrow Precision (United Kingdom)
Maschinenfabrik ALFING KESSLER GmbH (Germany)
Cigüeñales Sanz SL (Spain)
Mahindra CIE Automotive Limited (India)

Key Industry Developments

April 2026
Melling Engine Parts expanded its automotive component portfolio through continued development of precision-engineered engine components, including crankshaft-related solutions for aftermarket and performance applications. The company focused on strengthening its manufacturing capabilities and supplying high-quality engine components to meet evolving requirements from automotive repair and performance sectors.
March 2026
Fujian Lioho Machinery Manufacturing strengthened its automotive component business by expanding strategic cooperation with global vehicle manufacturers for engine components, including crankshafts and connecting rods. The company continued enhancing its precision manufacturing capabilities to support OEM supply chains and next-generation engine platforms.
March 2026
Thyssenkrupp’s automotive components business continued advancing lightweight and high-strength crankshaft manufacturing technologies through investments in advanced forging and machining processes. The company focused on improving component durability, reducing weight, and supporting hybrid and internal combustion engine applications.
February 2026
Bharat Forge expanded its automotive forging capabilities by strengthening production and engineering activities for critical drivetrain components, including forged crankshafts. The company continued investing in advanced manufacturing technologies to support global automotive OEM requirements.

Report Scope

Segmentation

By Vehicle Type 6
  • Heavy Commercial Vehicles (HCVs)
  • Light Commercial Vehicles (LCVS)
  • SUVs
  • MUVs
  • Passenger Vehicles
  • Others
By Crankshaft Type 2
  • Flat Plane
  • Cross Plane
By Material 3
  • Forged Iron/Steel
  • Cast Iron/Steel
  • Others

Geographies Covered

North America 2
  • U.S.
  • Canada
Europe 8
  • U.K.
  • Germany
  • France
  • Spain
  • Italy
  • Russia
  • Nordic
  • Benelux
APAC 8
  • China
  • Korea
  • Japan
  • India
  • Australia
  • Singapore
  • Taiwan
  • South East Asia
Middle East and Africa 6
  • UAE
  • Turkey
  • Saudi Arabia
  • South Africa
  • Egypt
  • Nigeria
LATAM 5
  • Brazil
  • Mexico
  • Argentina
  • Chile
  • Colombia
Competitive Coverage Bharat Forge Limited (India) · Bryant Racing Inc. (U.S.) · Tianrun Crankshaft Co., Ltd. (China) · NSI Crankshaft (U.S.) · thyssenkrupp Crankshaft Company LLC (U.S.)
Research Deliverables Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends

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Frequently Asked Questions (FAQs)

The automotive crankshaft market size is valued at USD 3.31 Billion in 2026 and is projected to reach USD 3.96 Billion by 2034, at a CAGR of 2.25% during the forecast period 2026-2034.

Asia Pacific dominated the market with a share of 43.2% in 2025.

The major players in this market are Bharat Forge Ltd, Bryant Racing Inc., Tianrun Crankshaft Co. Ltd., NSI Crankshaft, ThyssenKrupp Crankshaft Company LLC.

The automotive crankshaft market is projected to grow at a CAGR of 2.25% during the forecast period of 2026 2034.
About the Author
Tejas Zamde
Tejas Zamde
Research Analyst

Tejas Zamde is a market research professional with over two years of experience in the technology, semiconductor, electronics, and automotive sectors. He specializes in market assessment, competitive intelligence, industry analysis, market sizing, demand analysis, and strategic research.

His experience includes analyzing technology trends, market dynamics, regulatory developments, supply-demand patterns, value chains, and competitive landscapes across global and regional markets. He has supported clients with opportunity assessment, customer segmentation, competitive benchmarking, and growth strategy development.

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