Automotive Crankshaft Market Analysis

Vehicle Type (Commercial Vehicles, Luxury vehicles, Passenger vehicles, Multi Utility Vehicles)

The global automotive crankshaft market is segmented and analyzed for demand and supply by vehicle type into commercial vehicles, luxury vehicles, passenger vehicles, multi utility vehicles, and others. Among these segments, the passenger vehicles segment is anticipated to capture the largest market size in the global automotive crankshaft market owing to the increasing exports of passenger vehicles worldwide. It was observed that passenger vehicle exports increased from 403,390 to 570,870 between April 2021 and March 2022. Furthermore, the increasing demand for passenger cars across developing nations such as China and India, and the increasing purchasing power of middle-class families are anticipated to augment segment growth over the forecast period.

Our in-depth analysis of the global automotive crankshaft market includes the following segments:

By Vehicle Type

Commercial Vehicles
Luxury vehicles
Passenger vehicles
Multi Utility Vehicles
Others

By Type

Flat plane
Cross plane

By Crankshaft Material

Cast Iron
Forged Steel
Carbon Steel Alloys
Others

Frequently Asked Questions (FAQ)

Increasing production of passenger and luxury cars, rapid growth in automobile industry along with surge in exports of crankshaft worldwide are the major factors driving the growth of the automotive crankshaft market.

The market is anticipated to attain a CAGR of 3% over the forecast period, i.e., 2023-2033.

Significant investment in research and development activities while the manufacturing crankshaft are the challenges affecting the market growth.

The market in Asia Pacific is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.

The major players in the market are Thyssenkrupp Crankshaft Company LLC, NSI Crankshaft, Bryant Racing Inc., Arrow Precision, Maschinenfabrik ALFING KESSLER GmBH, Ciguenales Sanz SL, and others.

The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by vehicle type, type, crankshafts material and, by region.

The passenger vehicle segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.

Automotive Crankshaft Market Analysis