Automotive Crankshaft Market
Report ID: SQMIG25A2498
Report ID: SQMIG25A2498
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Report ID:
SQMIG25A2498 |
Region:
Global |
Published Date: October, 2025
Pages:
180
|Tables:
116
|Figures:
72
Global Automotive Crankshaft Market size was valued at USD 4.63 Billion in 2024 and is poised to grow from USD 4.88 Billion in 2025 to USD 7.37 Billion by 2033, growing at a CAGR of 5.3% during the forecast period (2026–2033).
The market is primarily driven by rising vehicle production across the globe, a shift in demand toward fuel-efficient engines, and overall automotive turbocharged and hybrid powertrain acceptance. Crankshafts serve vital functions within ICEs (Internal Combustion Engines), and therefore, will continue to be important within their respective OEM and aftermarket applications, especially in regions where there is an aging vehicle demographic. Steel forgings continue to be the material of choice due to their strength and fatigue resistance, making them the best option for high-performance applications.
Similarly, as vehicle efficiency and emission compliance become more prevalent - and the future of transport continues to develop - there will be continued advances made towards lightweight, precise crankshaft designs (both forged and machined). There are significant restraints for the industry. The shift towards an electric vehicle market is threatening in the future, as there is no further need for crankshafts in these vehicles. Moreover, the volatility in raw materials and high capital costs related to advanced forging and machining processes can lead to operational pressures on manufacturers, especially for smaller and mid-sized manufacturers.
Despite these challenges, regional trends and changing vehicle architectures provide growth opportunities. The Asia-Pacific region is currently the global leader due to its strong OEM presence in Japan and South Korea. Europe and North America are investing in hybrid-compatible crankshaft technologies to fulfill the regulatory needs that preserve the vehicle performance. The increase in popularity of performance vehicles and motorsport applications is also contributing to the growth of machined billet crankshafts and shows the market's orientation towards customization, precision, and efficiency.
How are AI and IoT Technologies Revolutionizing Manufacturing Processes in Global Automotive Crankshaft Market?
Artificial Intelligence (AI) and Internet of Things (IoT) technology are changing crankshaft manufacturing to enable real time monitoring and predictive control of the machining processes. IoT-enabled machines can continuously capture operational parameter data, including temperature, vibration, and tool wear, which the AI algorithms can process. Once the data is analysed, the processes will be altered to optimize machining performance and prevent unplanned failures. This leads to reduced downtime, improved product consistency, and increased manufacturing yield.
A good example is Ford Motor Company, which has implemented AI-driven digital twins of their powertrain manufacturing sites. Digital twins are a simulated representation of a physical production line that uses IoT data to continuously simulate and refine the machining operation in real-time as machining occurs. In the case of crankshaft production, the tool life is statistically evaluated so predictive maintenance can be performed while dimensional control can be narrowed and into a better tolerance, while hastening the process optimizations with real-time evaluation while the process is occurring, with no impact to the physical workflow. The ability of an AI driven digital twin is directly correlated to the company’s existing lean manufacturing culture so that any potential disruptions to lean will be running into and co-existing with the state of artificial intelligence with IoT data and advanced crankshaft production systems that continue to grow in their given focus to improve precision, quality, and efficiency.
Market snapshot - 2026-2033
Global Market Size
USD 2.96 Billion
Largest Segment
Magnetic Sensor
Fastest Growth
Optical Sensor
Growth Rate
4.5% CAGR
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Global Automotive Crankshaft Market is segmented by Type of Crankshaft, Vehicle Type, Engine Type, Material Type, Manufacturing Process, Application, Distribution and region. Based on Type of Crankshaft, the market is segmented into Forged Crankshafts, Cast Crankshafts, Billet Crankshafts, Cast Iron Crankshafts and Aluminum Crankshafts. Based on Vehicle Type, the market is segmented into Passenger Cars, Commercial Vehicles, Motorcycles, Heavy-duty Vehicles and Electric Vehicles. Based on Engine Type, the market is segmented into Internal Combustion Engines, Diesel Engines, Hybrid Engines, Petrol Engines and Rotary Engines. Based on Material Type, the market is segmented into Steel Crankshafts, Iron Crankshafts, Aluminum Alloy Crankshafts, Copper-based Crankshafts and Composite Material Crankshafts. Based on Manufacturing Process, the market is segmented into Forging, Casting, Machining, Heat Treatment and Surface Finishing. Based on Application, the market is segmented into Engine Timing, Speed Detection and Position Detection. Based on Distribution, the market is segmented into OEM and Aftermarket. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
What Sensor Type is Leading the Global Automotive Crankshaft Market?
At present, the dominant segment of the global automotive crankshaft market is the variable reluctance sensor segment due to durability, cost effectiveness and compatibility with internal combustion engine systems. In addition, these sensor types are highly reliable in the extreme environment's engine operate, while monitoring a broad temperature and operating range. We can see that OEMs are more likely to implement variable reluctance sensors, especially in mid-range and commercial vehicle platforms, reinforcing their leadership position within traditional vehicle platforms.
The Hall effect sensor category is the fastest-growing category due to rising demand for precision, small design, and the extension to hybrid and electric vehicles. These sensors offer higher precision and digital output, which allow for more advanced powertrain systems. As the modern engine, control unit (ECU), and general vehicle control system begins to incorporate more Hall sensors, including the high-performance and lower emissions vehicle designs, we see accelerated and widespread adoption across regions and markets such as Asia-Pacific and Europe.
Which Vehicle Type Leads and Rapidly Expands Within the Market?
Passenger vehicles account for the largest share of the global automotive crankshaft market, driven by high production levels and consumer demand for fuel-efficient cars and performance-laden autos. Many emerging economies have rising levels of vehicle ownership supported by urbanization and increasingly easy financing options while OEMs are investing in a new powertrain system to meet further emission standards and new engines are still being developed and consumers will require service or replacements in the next 4 years and longer. Aftermarket demand for replacement and maintenance of crankshafts is very strong, particularly in Asia-Pacific. This segment continues to dominate based on volume and revenue from crankshafts produced for all categories of passenger vehicles.
The magnetic sensor segment is experiencing the greatest growth with better signal resolution, size, and integration into hybrid and next-generation vehicle architecture. They have an output that is stable over a variety of speeds and are less sensitive to contaminants than other technologies, making them ideally suited for today's powertrains, especially hybrid powertrains. As well, demand for magnetic sensors is accelerating with the increased use in automated systems and driving the trend of emissions compliant engines, especially in advanced markets.
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Why Does Asia-Pacific Continue to Lead the Global Automotive Crankshaft Market?
The Asia-Pacific region continues to be the leading region in the global automotive crankshaft market, as the high-volume production capacity across the automotive sector of Japan and South Korea supports it. Both countries continue to have the capabilities of advanced manufacturing processes and infrastructures, skilled labour forces, and the benefits of fully integrated production and supply chains. With a significant presence of global OEMs combined with continued investment in enhanced manufacturing capabilities such as forging and CNC technologies, crankshaft production is well underway. The coordinated efforts by government-supported industries to promote initiatives that implement smart manufacturing, and digitalization will further maintain its global dominance and leadership around scaling up the delivery of precision-engineered components.
Japan Automotive Crankshaft Market
Japan’s automotive crankshaft market is robust given its reputation as manufacturer of exceptionally precision-engineered high-performance alloys. The Number one OEMs- Toyota, Honda, Nissan are now focused on crankshaft development specifically designed to complement hybrid and next-generation powertrains. Recently, Toyota has leveraged its extant smart manufacturing force by expanding under industry 4.0 initiatives across its value chain, providing the capability to engineer its Powertrains by virtue of employing the principles of IoT and Artificial Intelligence, while developing smart manufacturing principles to improve dimensional accuracy and throughput; this will directly contribute to Japan's position as a leader across the horizontal paradigm of manufacturing crankshafts.
South Korea Automotive Crankshaft Market
With the disruption ongoing in the automobile crankshaft market, South Korea is still going to be a first mover in the automobile crankshaft market, in part, because of its advanced automotive manufacturing network and its home-grown vehicle producers Hyundai and Kia. South Korean automakers are now putting considerable resources into smart manufacturing technologies, having initiated pilot projects on component production plants with Samsung SDS's Brightics IoT as well as South Korean company Nexplant. The Samsung pilot project enables automobile component manufacturers to monitor in real time their tooling's wear, temperature, and vibration, thus improving yield and quality through in-process and immediate inspections for crankshafts. This realization fits neatly within the South Korean government's larger goal to incorporate Industry 4.0 technologies into its country's industrial base.
Europe – How Is the Region Advancing in Crankshaft Manufacturing?
Europe is a vital region in the global automotive crankshaft market, owing to developed automotive infrastructure, strict regulations, and consistent innovation in powertrain systems. Nations such as Germany and Italy are pushing for market growth in this region through excellent precision engineering and the presence of OEMs, and investment in emerging smart manufacturing technologies. With more focus on hybridization and emission regulations, this region has increased focus for investment in light-weighting and high-performance crankshaft production to continue support of the evolving automotive ecosystem.
Germany Automotive Crankshaft Market
Germany is the leading country in Europe's automotive crankshaft market because of its accurate engineering, large automotive infrastructure, and technology-based innovations in manufacturing. Major original equipment manufacturers (OEMs), such as BMW, Volkswagen, and Mercedes, are using CNC systems with added artificial intelligence (AI) to provide accurate manufacturing standards. In 2024, Bosch expanded the facilities in Stuttgart to include crankshaft production for hybrid applications, promoting autonomy in manufacturing and better supporting the mobility experience for sustainable development. Together with these acknowledged mainstream developments, Germany is confirming that advanced manufacturing will remain a focus in the country, and it is confirmed as a leading supplier of premium crankshaft-based solutions anywhere in the world.
Italy Automotive Crankshaft Market
Italy is consolidating its standing through greater automation and production-oriented manufacturing. Fiat Powertrain Technologies and Tier-1 companies have transformed their factories with smart machining systems to accommodate the demand for next-gen engines. The investment made in 2023, in Turin's automotive regional hub, provided new adaptive forging line technology to support a light-weight crankshaft production process, while still developing the same volume levels of carbon-reducing engines, and while still forcing themselves to be able to compete in global markets.
North America – How Is the Region Strengthening Its Presence in Crankshaft Manufacturing?
North America is a key player in the global automotive crankshaft market. The region's technological maturity, solid OEM presence, and demand for high-octane commercial vehicles are driving the North American crankshaft market. North America's focus on clean energy, combined with investments in hybrid and alternative powertrains, is further spurring on crankshaft innovation. With infrastructure planning continuing and the aftermarket growing, North America is positioned well for sustained growth on a positive and innovation-driven trajectory in the automotive crankshaft market.
US Automotive Crankshaft Market
America dominates Canada and Mexico in the automotive crankshaft market in North America, aided by its enormous automotive ecosystem and heavy-duty vehicle ecosystem. Prime companies, such as Cummins and Navistar, are upgrading manufacturing facilities to utilize AI-driven machining to boost performance and reliability in crankshaft manufacturing. In 2024, several Tier-1 suppliers ramped up hybrid-engine crankshaft manufacturing to meet the federal government's emission standards. Infrastructure and manufacturing incentives from the federal government improve U.S. leadership in crankshaft manufacturing and supply.
Canada Automotive Crankshaft Market
Canada is the fastest-growing automotive crankshaft market in North America, stimulated by direct investments in smart manufacturing and automotive R&D. The government's support for domestic component production and green technology applications has allowed for an increased use of intelligent forging and CNC systems. Recently developed funding programs are supporting the investment into crankshaft machining centres in Ontario and Quebec. These funding incentives are not only increasing Canada's manufacturing output but also positioning Canada as a key exporter of sustainable, manufactured, precision-engineered powertrain components.
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Automotive Crankshaft Market Drivers
Rising Demand for Fuel-Efficient and High-Performance Engines
Growth in Global Vehicle Production and Automotive Aftermarket
Automotive Crankshaft Market Restraints
Shift Toward Electric Vehicles (EVs)
High Manufacturing and Material Costs
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The global automotive crankshaft market outlook is highly competitive, dominated by large players like Thyssenkrupp AG, which specializes in superior performance forged crankshafts for luxury vehicles, and Mahle GmbH, which is famous for its lightweight and durable design. NSK Ltd. Dominate the precision-machined crankshaft market. CIE Automotive operates in the mass-market vehicle segment and specializes in low-cost crankshaft segment solutions. All the manufacturing companies spend heavily on R&D to improve durability and fuel efficiency.
As per the global automotive crankshaft industry analysis, the startup space, while still emerging, is garnishing interest. Efficient start-up companies such as TForged and other tech-enhanced companies, focused mainly on providing lightweight crankshaft solutions for hybrid and electric powertrains, are pioneering additive manufacturing, AI-based design optimization, and advanced composite materials, in particular North America and Europe, where they have access to government-funded innovation schemes, and partnerships with Tier 1 suppliers, enabling them to reach scale and compete in the global search space.
Top Player’s Company Profiles
Recent Developments in Automotive Crankshaft Market
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the global automotive crankshaft market is growing at a steady pace, mostly due to climbing global vehicle production and an increased need for high-performance engines. As crankshafts are integral to internal combustion engines (ICEs), crankshaft demand remains elevated in both passenger and commercial vehicle manufacturing. However, with the shift to electric vehicles (EVs) that do not use crankshafts, there is a structural problem for long-term market growth. The largest regional automotive crankshaft markets by far are in the Asia-Pacific region, spearheaded by Japan and South Korea with advanced manufacturing ecosystems. Of the material types, forged steel crankshafts are the largest segment because of their strength and durability. Additionally, the automotive aftermarket is continuing to grow—driven by an aging fleet and replacement demand—which is helping to sustain revenue growth across global regions.
| Report Metric | Details |
|---|---|
| Market size value in 2024 | USD 4.63 Billion |
| Market size value in 2033 | USD 7.37 Billion |
| Growth Rate | 5.3% |
| Base year | 2024 |
| Forecast period | 2026-2033 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Automotive Crankshaft Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Automotive Crankshaft Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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