Automotive Crankshaft Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The global automotive crankshaft market is anticipated to grow at a moderate CAGR of 2.1% during the forecast period (2022-2028). The rise in the heavy demand for luxury vehicles and commercial vehicles along with other passenger vehicles is anticipated to drive the growth of the market. For instance, Rolls-Royce CEO Torsten Muller Otvos stated that the company had sold 5,586 vehicles to customers in more than 50 countries during the COVID-19 pandemic. Further Bentley, a unit of Volkswagen AG stated that the company has recorded a global sales of 31.0% for high-end vehicles in 2021, whereas BMW stated that the company had achieved sales of 2.2 million vehicles in 2021.

The presence of major players coupled with their innovative crankshaft solutions using new-age technologies is anticipated to drive the growth of the market. For instance, in March 2020, Honda developed a 3D-printed automotive crankshaft. This crankshaft is made from metal, designed to reduce the weight of the vehicle to improve the overall fuel efficiency. The development is aimed at scaling up its production in the forthcoming years. Similarly, in February 2021, BMW introduced its high–performance cars, M3 and M4, which are equipped with the company’s naturally aspirated engines. The core of these engines is the crankshaft forged from chrome molybdenum treated steel with its crankips attached to move the bearings smoothly. Thus, such innovations are anticipated to fuel the demand for the global automotive crankshaft market.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Material
  • By Type
  • By Vehicle Type
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape- Arrow Precision Ltd., Braynt Racing Inc., and ThyssenKrupp AG among others

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Automotive Crankshaft Market Report by Segment

By Material

• Cast Iron
• Forged Steel
• Carbon Steel Alloys
• Others

By Type

• Flat Plane
• Cross Plane

By Vehicle Type

• Heavy Commercial Vehicles
• Light Commercial Vehicles
• Luxury Vehicles
• Passenger Vehicles
• Sport Utility Vehicles
• Multi Utility Vehicles
• Others