Automotive Crankshaft Market Report 2026

The automotive crankshaft market size has grown steadily in recent years. It will grow from $4.76 billion in 2025 to $4.95 billion in 2026 at a compound annual growth rate (CAGR) of 3.9%. The growth in the historic period can be attributed to internal combustion engine dominance, forged steel usage, vehicle production growth, crankshaft standardization, engine platform expansion.

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.

The increase in vehicle production is expected to drive the growth of the automotive crankshaft market in the coming years. A vehicle is a mechanical device designed to transport people or goods from one place to another, and rising global production volumes directly boost demand for essential engine components. Automotive crankshafts are vital components of internal combustion engines, as they convert the reciprocating motion of pistons into the rotational motion needed to power vehicles. The growth in global passenger car sales indicates expanding consumer demand and rising mobility requirements, which in turn accelerate the production of engines and related components such as crankshafts. For example, in March 2024, according to HonestJohn.co.uk, a UK-based automotive statistics website, global passenger car sales reached around 74.6 million units, reflecting an increase of approximately 2.5% compared with 2023. Therefore, the growing demand for passenger and commercial vehicles is contributing to the expansion of the automotive crankshaft market.

Prominent companies within the automotive crankshaft market are introducing new crankshaft variants to meet the heightened demand for this aftermarket product. The crankshaft, a specific component crucial in piston engines, converts piston motion into rotational motion. For instance, in September 2023, Monedero, a Spain-based automotive components and accessories provider, launched the initial version of the OM471LA crankshaft, addressing substantial aftermarket demand. This release fills a notable gap, as no aftermarket alternative met the requisite standards prior to this launch. The OM471LA crankshaft, designed for Mercedes Benz and other compatible models, bears the reference number 10011000051, aligning equivalently with original Mercedes Benz references like A4710300101, A47110300201, and A4710300401, catering to specific model applications.

In July 2024, HD Korea Shipbuilding & Offshore Engineering (HD KSOE), a South Korea-based shipbuilding firm, acquired STX Heavy Industries for an undisclosed amount. Following this acquisition, HD Hyundai intends to utilize the advanced manufacturing technologies of HD Hyundai Marine Engine in critical components like crankshafts and turbochargers to enhance synergy with HD HHI. Furthermore, the company aims to take advantage of eco-friendly engine technologies and expand its global distribution network, strengthening its competitive position in the ship engine market. STX Heavy Industries is a South Korea-based manufacturer of automotive crankshafts.

Major companies operating in the automotive crankshaft market report include Maschinenfabrik ALFING Kessler GmbH, Bharat Forge Ltd., ThyssenKrupp AG, Tianrun Crankshaft Co. Ltd., Arrow Precision Ltd., Farndon Engineering Ltd., Metalyst Forgings Ltd., Balu Forge Industries Ltd., Kellogg Crankshaft Company, Crower Cams & Equipment Co. Inc., Mahindra CIE Automotive Ltd., CIE Automotive S.A., Rheinmetall AG, MAHLE GmbH, GKN plc, Federal-Mogul LLC, Cooper Corporation, Amtek Group, Ciguenales Sanz SL, BMV Precision Engineering.

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

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.

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.

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