Automotive Crankshaft Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2021 - 2026

Report Code: AM 61204 Report Format: PDF + Excel

Automotive Crankshaft Market Overview

Automotive Crankshaft Market Size is forecast to reach $3.2 billion by 2026, growing at a CAGR of 2.2% during 2021-2026. The rising demand for high engine power transmission vehicles across the globe and the surging demand for automobiles led to create potential for the Automotive Crankshaft industry during the forecast period. The crankshaft in the diesel engine has to serve higher strength and vibrations mechanical devices. Owing to this, many crankshaft manufacturers are developing advanced carbon steel alloy crankshaft with improved fatigue strength, reliability, and quality. Also, the crankshafts are manufactured with the latest trend of steelmaking processes by materials with high strength and machined billets, and this factor is also expected to drive the automotive crankshaft market share in the forecast period. Further growing demand for passenger vehicles in countries such as India, China is analyzed to drive the demand for automotive crankshaft industry outlook in the forecast period 2021-2026.

Report Coverage

The report: “Automotive Crankshaft Market Report– Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the Automotive Crankshaft market

By Vehicle Type: Heavy commercial vehicles, Light commercial vehicles, Luxury vehicles, Passenger vehicles, Sport Utility Vehicles, Multi Utility Vehicles, Others

By Crankshaft Type: Flat Plane (Single Plane), Cross plane

By Crankshaft material: Cast Iron, Forged Steel, Machined billet, others

By Geography: North America (U.S, Canada, Mexico), South America(Brazil, Argentina and others), Europe(Germany, UK, France, Italy, Spain, Russia and Others), APAC(China, Japan India, SK, Aus and Others), and RoW (Middle East and Africa)

Key Takeaways

  • Industrialization, driven by the growing demand for automotive and other machinery, is expected to lead the growth of the global automotive crankshaft market during the forecast period.
  • Technological innovations are playing an instrumental role in brightening the prospects of this market in the forecast period 2021-2026.
  • Machined billet crankshafts are gaining popularity among high end sports cars, thus expected to drive the market.
  • Automotive Crankshaft companies are strengthening their position through mergers & acquisitions and continuously investing in research and development (R&D) activities to come up with solutions to cater to the changing requirements of customers.

 Global Automotive Crankshaft Market, By Region, 2020

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Automotive Crankshaft Market Segment Analysis - By Crankshaft material

The Machined billet segment of the market is anticipated to register the highest CAGR of 2.8% during the forecast period. In the recent times, there has been an increasing interest among people for sports and luxury automobiles. In these kinds of vehicles a machined billet crankshaft is used as they are balanced perfectly and can withstand more force. In addition, technologies such as machining of crankshaft have brought a transition in the recent trend of automotive crankshaft. Further billet crankshafts are CNC machined from a solid bar of steel such as EN30, 4330M or other high-grade alloy to make it strong. Furthermore, CNC machining billet crankshafts allows for designs that cannot be created by forging. Hence these benefits are analysed to drive the Automotive Crankshaft Market growth in the forecast period 2021-2026.

Automotive Crankshaft Market Segment Analysis - By Vehicle Type  

The Passenger cars segment is anticipated to have the significant CAGR of 2.7% in the forecast period. The factors can be attributed to the rapid rise in the demand for passenger vehicles across the globe. Particularly increasing demand across the developing nations such as China and India, has amplified the growth of passenger vehicle segment over the forecasted period. The domestic passenger vehicle sales increased by 119.31% to 0.21 million units in June 2021 from 0.1 million units compared to June 2020, according to data given by Society of Indian Automobile Manufacturers (SIAM). Similarly, In China, the sales volume of passenger car is 5.076 million with a 75.1% growth compared to 2020. In 2021, the trend for passenger car sales in the European Union, the United Kingdom, Iceland, Norway, and Switzerland continued to increase year-on-year. As crankshaft is used to serve higher strength and vibrations in passenger cars, hence the growth of passenger car segment is analyzed drive the demand for automotive crankshaft industry in the forecast period 2021-2026.

Automotive Crankshaft Market Segment Analysis - By Geography

Automotive Crankshaft market in Europe region held significant market share of 36.5% in 2020, owing to the advancements made by the region’s robust automotive sector in engine technologies. These technologies have promoted innovation in ICE vehicles, which has favored the adoption of inventively designed crankshaft components. Further the adoption of new emission standards euro6 and others are notably supporting the automotive crankshaft market growth. Further continuous development in automobile sector, increasing sales of high performance cars and high end sports cars has propelled the market for automotive crankshaft in Europe.

Automotive Crankshaft Market Drivers

Growing demand for automotive vehicles across the globe

Industrialization, driven by the growing demand for automotive and other machinery, is expected to lead the growth of the global automotive crankshaft market during the forecast period. As per data given by World Bank, South Asia is a competitive leader in the automotive manufacturing sector. South Asian countries such as India, China, and others are growing exponentially in the automotive sector. According to IBEF, Indian automotive industry is expected to reach $251.4-282.8 billion by 2026. The Indian auto industry is expected to record strong growth in 2021-22, post recovering from effects of COVID-19 pandemic. Similarly, China is expected to witness 4% growth to more than 26 million in 2021. Further companies such as Toyota, Ford, General Motors and others are investing heavily for the production of passenger and other cars. Hence these factors are analyzed to drive the Automotive Crankshaft industry growth in the forecast period 2021-2026.

Growing innovations will aid the market growth.

Many of the leading automotive industry giants have been developing advanced crankshaft solutions using new-age technologies and materials. In March 2020, for instance, Honda created a 3D printed automotive crankshaft made from metal, designed to reduce the final weight of the vehicle as well as improve its fuel efficiency. The company aims at scaling up the production of its novel offering in the next few years. In February 2021, BMW introduced its fast-performance cars, the M3 and M4, equipped with its naturally-aspirated engines. The core of these engines is the crankshaft forged from chrome molybdenum heat-treated steel, with its crankpins attached spherically to allow the bearings to move more smoothly. These innovations are playing an instrumental role in brightening the prospects of this market in the forecast period 2021-2026.

Automotive Crankshaft Market Challenges

Increase in demand/adoption of electric vehicles

Growing demand for electric vehicles with the ongoing developments in automotive sector and support in terms of subsidies and grants, tax rebates will hamper the market growth in the forecast period. Major manufacturers such as General Motors, Toyota, and BMW plan to release a potential of 400 models and estimated global sales of 25 million by 2025. In 2021, Ford Motor has committed to increase its investments in electric vehicles to $30 billion by 2025, up from a previous spend of $22 billion by 2023. Similarly, in 2020, Volkswagen, Chinese ventures has committed to invest $17.5 billion in electric vehicles by 2025. Hence the rising demand for electric vehicles globally hamper the automotive crankshaft market size in the forecast period 2021-2026.

Automotive Crankshaft Market Landscape

Product launches, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the Automotive Crankshaft market. Automotive Crankshaft top 10 companies include Arrow Precision Ltd., CIE Automotive SA, Crower Cams & Equipment Co. Inc., Farndon Engineering Ltd., Kalyani Group, Maschinenfabrik ALFING Kessler GmbH, Metalyst Forgings Ltd., Nippon Steel Corp., Thyssenkrupp AG, Tianrun Crankshaft Co. Ltd. among others.

Acquisitions/Product Launches

  • In 2020, Greenleaf Corporation has partnered with Ohio Crankshaft Co. to greatly enhance productivity in heavy milling and crankshaft machining. Their combined efforts resulted in solutions to improve throughput and reduce costs considerably.
  • In 2019, Wilhelmsen and thyssenkrupp step-up collaboration, establishing 3D printing joint venture targeting the maritime industry.


Relevant Report Titles:

Report Code: AM 78213

Report Code: ATR 0018

For more Automotive related reports, please click here
1. Automotive Crankshaft Market - Market Overview
    1.1 Definitions and Scope
2. Automotive Crankshaft Market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key trends by type
    2.3 Key trends segmented by geography
3. Automotive Crankshaft Market– Industry Landscape
    3.1 Comparative Analysis
        3.1.1 product/Company Benchmarking-Top 5 Companies
        3.1.2 Top 5 Financial Analysis
        3.1.3 Market Value Split by Top 5 Companies
        3.1.4 Patent Analysis        
        3.1.5 Pricing Analysis
4. Automotive Crankshaft Market - Startup companies Scenario Premium (Premium)
    4.1 Top 10 startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Market Shares
        4.1.4 Market Size and Application Analysis
        4.1.5 Venture Capital and Funding Scenario
5. Automotive Crankshaft Market - Industry Market Entry Scenario Premium (Premium)
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case studies of successful ventures
    5.4 Customer Analysis - Top 10 companies
6. Automotive Crankshaft Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
7. Automotive Crankshaft Market - By Strategic Analysis (Market Size -$Million/Billion)
    7.1 Value Cain Analysis
    7.2 Opportunities Analysis
    7.3 Product Life Cycle/Market Life Cycle Analysis
    7.4 Supplier/Distributor Analysis
8 Automotive Crankshaft Market – By Vehicle Type (Market Size -$Million/Billion)
    8.1 Heavy commercial vehicles
    8.2 Light commercial vehicles
    8.3 Luxury vehicles
    8.4 Passenger vehicles
    8.5 Sport Utility Vehicles
    8.6 Multi Utility Vehicles
    8.7 Others
9. Automotive Crankshaft Market – By Crankshaft Type (Market Size -$Million/Billion)
    9.1 Flat Plane (Single Plane),
    9.2 Cross plane
10. Automotive Crankshaft Market – By Crankshaft material (Market Size -$Million/Billion)
    10.1 Cast Iron
    10.2 Forged Steel
    10.3 Machined billet
    10.4 Others
11. Automotive Crankshaft Market – By Geography
    11.1 North America
    11.1.1 U.S
        11.1.2 Canada 
        11.1.3 Mexico
    11.2 South America
        11.2.1 Brazil
        11.2.2 Argentina
        11.2.3 Chile
        11.2.4 Others
    11.3 Europe
        11.3.1 U.K
        11.3.2 Germany
        11.3.3 France
        11.3.4 Italy
        11.3.5 Netherlands
        11.3.6 Belgium
        11.3.7 Spain
        11.3.8 Russia
        11.3.9 Others
    11.4 APAC
        11.4.1 China
        11.4.2 India
        11.4.3 Japan
        11.4.4 South Korea
        11.4.5 Indonesia
        11.4.6 Malaysia
        11.4.7 Australia & New Zealand
        11.4.8 Others
    11.5 ROW
        11.5.1 Middle East
        11.5.2 Africa
12. Automotive Crankshaft Market – Entropy
13. Automotive Crankshaft Market – Industry / Segment Competition landscape Premium (Premium)
    13.1 Market Share Analysis
        13.1.1 Market Share by Region- Top 10 companies
        13.1.2 Market Share by type of Industry vertical – Top 10 companies
        13.1.3 Market Share by type of component- Top 10 companies
        13.1.4 Market Share at global level- Top 10 companies
        13.1.5 Best Practices for companies
14. Automotive Crankshaft Market – Key Company List by Country Premium (Premium)
15. Automotive Crankshaft Market -Company Analysis
    15.1 Arrow Precision Ltd.
    15.2 CIE Automotive SA
    15.3 Crower Cams & Equipment Co. Inc.
    15.4 Farndon Engineering Ltd.
    15.5 Kalyani Group
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10
"*Financials would be provided on a best efforts basis for private companies"
16. Automotive Crankshaft Market –Appendix (premium)
    16.1 Abbreviations Sources
    16.2 Sources
17. Automotive Crankshaft Market -Methodology Premium (premium)
    17.1 Research Methodology
        17.1.1 Company Expert Interviews
        17.1.2 Industry Databases
        17.1.3 Associations
        17.1.4 Company News
        17.1.5 Company Annual Reports
        17.1.6 Application Trends
        17.1.7 New Products and Product Database
        17.1.8 Company Transcripts
        17.1.9 R&D Trends
        17.1.10 Key Opinion Leaders Interviews
        17.1.11 Supply and Demand Trends    

LIST OF TABLES

1.Global Automotive Crankshaft , by Vehicle Type, Market 2019-2024 ($M)
1.1 Heavy Commercial Vehicle Market 2019-2024 ($M) - Global Industry Research
1.2 Light Commercial Vehicle Market 2019-2024 ($M) - Global Industry Research
1.3 Passenger Vehicle Market 2019-2024 ($M) - Global Industry Research
1.4 SUV Market 2019-2024 ($M) - Global Industry Research
1.5 MUV Market 2019-2024 ($M) - Global Industry Research
2.Global Automotive Crankshafts Market:By Crankshaft Type Market 2019-2024 ($M)
2.1 Flat Plane Crankshaft Market Market 2019-2024 ($M) - Global Industry Research
2.2 Cross Plane Crankshaft Market Market 2019-2024 ($M) - Global Industry Research
3.Global Automotive Crankshafts Market:By Crankshaft Material Market 2019-2024 ($M)
3.1 Cast Iron Crankshaft Market Market 2019-2024 ($M) - Global Industry Research
3.2 Forged Steel Crankshaft Market Market 2019-2024 ($M) - Global Industry Research
4.Global Automotive Crankshaft , by Vehicle Type, Market 2019-2024 (Volume/Units)
4.1 Heavy Commercial Vehicle Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Light Commercial Vehicle Market 2019-2024 (Volume/Units) - Global Industry Research
4.3 Passenger Vehicle Market 2019-2024 (Volume/Units) - Global Industry Research
4.4 SUV Market 2019-2024 (Volume/Units) - Global Industry Research
4.5 MUV Market 2019-2024 (Volume/Units) - Global Industry Research
5.Global Automotive Crankshafts Market:By Crankshaft Type Market 2019-2024 (Volume/Units)
5.1 Flat Plane Crankshaft Market Market 2019-2024 (Volume/Units) - Global Industry Research
5.2 Cross Plane Crankshaft Market Market 2019-2024 (Volume/Units) - Global Industry Research
6.Global Automotive Crankshafts Market:By Crankshaft Material Market 2019-2024 (Volume/Units)
6.1 Cast Iron Crankshaft Market Market 2019-2024 (Volume/Units) - Global Industry Research
6.2 Forged Steel Crankshaft Market Market 2019-2024 (Volume/Units) - Global Industry Research
7.North America Automotive Crankshaft , by Vehicle Type, Market 2019-2024 ($M)
7.1 Heavy Commercial Vehicle Market 2019-2024 ($M) - Regional Industry Research
7.2 Light Commercial Vehicle Market 2019-2024 ($M) - Regional Industry Research
7.3 Passenger Vehicle Market 2019-2024 ($M) - Regional Industry Research
7.4 SUV Market 2019-2024 ($M) - Regional Industry Research
7.5 MUV Market 2019-2024 ($M) - Regional Industry Research
8.North America Automotive Crankshafts Market:By Crankshaft Type Market 2019-2024 ($M)
8.1 Flat Plane Crankshaft Market Market 2019-2024 ($M) - Regional Industry Research
8.2 Cross Plane Crankshaft Market Market 2019-2024 ($M) - Regional Industry Research
9.North America Automotive Crankshafts Market:By Crankshaft Material Market 2019-2024 ($M)
9.1 Cast Iron Crankshaft Market Market 2019-2024 ($M) - Regional Industry Research
9.2 Forged Steel Crankshaft Market Market 2019-2024 ($M) - Regional Industry Research
10.South America Automotive Crankshaft , by Vehicle Type, Market 2019-2024 ($M)
10.1 Heavy Commercial Vehicle Market 2019-2024 ($M) - Regional Industry Research
10.2 Light Commercial Vehicle Market 2019-2024 ($M) - Regional Industry Research
10.3 Passenger Vehicle Market 2019-2024 ($M) - Regional Industry Research
10.4 SUV Market 2019-2024 ($M) - Regional Industry Research
10.5 MUV Market 2019-2024 ($M) - Regional Industry Research
11.South America Automotive Crankshafts Market:By Crankshaft Type Market 2019-2024 ($M)
11.1 Flat Plane Crankshaft Market Market 2019-2024 ($M) - Regional Industry Research
11.2 Cross Plane Crankshaft Market Market 2019-2024 ($M) - Regional Industry Research
12.South America Automotive Crankshafts Market:By Crankshaft Material Market 2019-2024 ($M)
12.1 Cast Iron Crankshaft Market Market 2019-2024 ($M) - Regional Industry Research
12.2 Forged Steel Crankshaft Market Market 2019-2024 ($M) - Regional Industry Research
13.Europe Automotive Crankshaft , by Vehicle Type, Market 2019-2024 ($M)
13.1 Heavy Commercial Vehicle Market 2019-2024 ($M) - Regional Industry Research
13.2 Light Commercial Vehicle Market 2019-2024 ($M) - Regional Industry Research
13.3 Passenger Vehicle Market 2019-2024 ($M) - Regional Industry Research
13.4 SUV Market 2019-2024 ($M) - Regional Industry Research
13.5 MUV Market 2019-2024 ($M) - Regional Industry Research
14.Europe Automotive Crankshafts Market:By Crankshaft Type Market 2019-2024 ($M)
14.1 Flat Plane Crankshaft Market Market 2019-2024 ($M) - Regional Industry Research
14.2 Cross Plane Crankshaft Market Market 2019-2024 ($M) - Regional Industry Research
15.Europe Automotive Crankshafts Market:By Crankshaft Material Market 2019-2024 ($M)
15.1 Cast Iron Crankshaft Market Market 2019-2024 ($M) - Regional Industry Research
15.2 Forged Steel Crankshaft Market Market 2019-2024 ($M) - Regional Industry Research
16.APAC Automotive Crankshaft , by Vehicle Type, Market 2019-2024 ($M)
16.1 Heavy Commercial Vehicle Market 2019-2024 ($M) - Regional Industry Research
16.2 Light Commercial Vehicle Market 2019-2024 ($M) - Regional Industry Research
16.3 Passenger Vehicle Market 2019-2024 ($M) - Regional Industry Research
16.4 SUV Market 2019-2024 ($M) - Regional Industry Research
16.5 MUV Market 2019-2024 ($M) - Regional Industry Research
17.APAC Automotive Crankshafts Market:By Crankshaft Type Market 2019-2024 ($M)
17.1 Flat Plane Crankshaft Market Market 2019-2024 ($M) - Regional Industry Research
17.2 Cross Plane Crankshaft Market Market 2019-2024 ($M) - Regional Industry Research
18.APAC Automotive Crankshafts Market:By Crankshaft Material Market 2019-2024 ($M)
18.1 Cast Iron Crankshaft Market Market 2019-2024 ($M) - Regional Industry Research
18.2 Forged Steel Crankshaft Market Market 2019-2024 ($M) - Regional Industry Research
19.MENA Automotive Crankshaft , by Vehicle Type, Market 2019-2024 ($M)
19.1 Heavy Commercial Vehicle Market 2019-2024 ($M) - Regional Industry Research
19.2 Light Commercial Vehicle Market 2019-2024 ($M) - Regional Industry Research
19.3 Passenger Vehicle Market 2019-2024 ($M) - Regional Industry Research
19.4 SUV Market 2019-2024 ($M) - Regional Industry Research
19.5 MUV Market 2019-2024 ($M) - Regional Industry Research
20.MENA Automotive Crankshafts Market:By Crankshaft Type Market 2019-2024 ($M)
20.1 Flat Plane Crankshaft Market Market 2019-2024 ($M) - Regional Industry Research
20.2 Cross Plane Crankshaft Market Market 2019-2024 ($M) - Regional Industry Research
21.MENA Automotive Crankshafts Market:By Crankshaft Material Market 2019-2024 ($M)
21.1 Cast Iron Crankshaft Market Market 2019-2024 ($M) - Regional Industry Research
21.2 Forged Steel Crankshaft Market Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Automotive Crankshaft Market Revenue, 2019-2024 ($M)
2.Canada Automotive Crankshaft Market Revenue, 2019-2024 ($M)
3.Mexico Automotive Crankshaft Market Revenue, 2019-2024 ($M)
4.Brazil Automotive Crankshaft Market Revenue, 2019-2024 ($M)
5.Argentina Automotive Crankshaft Market Revenue, 2019-2024 ($M)
6.Peru Automotive Crankshaft Market Revenue, 2019-2024 ($M)
7.Colombia Automotive Crankshaft Market Revenue, 2019-2024 ($M)
8.Chile Automotive Crankshaft Market Revenue, 2019-2024 ($M)
9.Rest of South America Automotive Crankshaft Market Revenue, 2019-2024 ($M)
10.UK Automotive Crankshaft Market Revenue, 2019-2024 ($M)
11.Germany Automotive Crankshaft Market Revenue, 2019-2024 ($M)
12.France Automotive Crankshaft Market Revenue, 2019-2024 ($M)
13.Italy Automotive Crankshaft Market Revenue, 2019-2024 ($M)
14.Spain Automotive Crankshaft Market Revenue, 2019-2024 ($M)
15.Rest of Europe Automotive Crankshaft Market Revenue, 2019-2024 ($M)
16.China Automotive Crankshaft Market Revenue, 2019-2024 ($M)
17.India Automotive Crankshaft Market Revenue, 2019-2024 ($M)
18.Japan Automotive Crankshaft Market Revenue, 2019-2024 ($M)
19.South Korea Automotive Crankshaft Market Revenue, 2019-2024 ($M)
20.South Africa Automotive Crankshaft Market Revenue, 2019-2024 ($M)
21.North America Automotive Crankshaft By Application
22.South America Automotive Crankshaft By Application
23.Europe Automotive Crankshaft By Application
24.APAC Automotive Crankshaft By Application
25.MENA Automotive Crankshaft By Application