North America Automotive Crankshaft Market Accelerates Toward USD 4.3 Billion by 2035 — Engine Efficiency and Hybrid Vehicle Demand Drive Growth

The global automotive crankshaft market is set for strong growth through 2035 as automakers continue to integrate high-performance materials, lightweight designs, and precision-engineered crankshafts to enhance fuel efficiency and engine performance.

According to a recent study by Fact.MR, the market is valued at USD 8.7 billion in 2025 and is forecast to reach USD 14.2 billion by 2035, advancing at a CAGR of 5.0% during the forecast period (2025–2035).

This growth trajectory highlights the rapid adoption of advanced engine technologies, the increasing focus on powertrain optimization, and the surging demand for high-performance vehicles across both passenger and commercial segments.

Quick Stats for the Automotive Crankshaft Market

• Market Value (2025): USD 8.7 billion
• Forecast Value (2035): USD 14.2 billion
• CAGR (2025–2035): 5.0%
• Leading Applications: Passenger Vehicles, Commercial Vehicles, Heavy-Duty Trucks
• Top Growth Regions: North America, Europe, Asia-Pacific
• Notable Companies: Schaeffler AG, Mahle GmbH, Aisin Corporation, Thyssenkrupp AG, Tenneco Inc., Nippon Steel Corporation, Federal-Mogul Corporation, Bharat Forge Limited, CIE Automotive, Linamar Corporation, Metalcastello S.p.A., KSPG AG

To access the complete data tables and in-depth insights, request a Discount On The Report here: https://www.factmr.com/connectus/sample?flag=S&rep_id=8437

Why the Market is Growing

The automotive crankshaft industry is evolving rapidly in response to the global transition toward cleaner mobility solutions and engine efficiency improvements. Original equipment manufacturers (OEMs) are increasingly adopting forged and machined crankshafts to ensure greater strength, durability, and performance across hybrid and internal combustion engine (ICE) platforms.

Key Growth Drivers

• Lightweight Material Adoption: Automakers are using advanced steels, micro-alloyed materials, and composites to reduce crankshaft weight and enhance engine efficiency.
• Powertrain Electrification: While EV growth continues, hybrid vehicles with efficient combustion systems are driving crankshaft innovation.
• Performance Optimization: Integration of advanced manufacturing techniques like CNC machining and 3D forging enhances precision and engine balance.
• Aftermarket Expansion: Growing replacement demand for crankshafts in commercial and off-road vehicles supports steady aftermarket revenue.

Sustainability & Technological Innovation

• Reduced Emissions: Optimized crankshaft geometry and lightweight materials contribute to lower CO₂ emissions.
• Digital Manufacturing: Industry 4.0 technologies, including AI-enabled inspection and digital twins, are improving quality assurance and reducing production waste.

Segmental Analysis

By Vehicle Type

• Passenger Vehicles: Remain the largest segment due to high production volumes and ongoing demand for efficient mid-sized and luxury cars.
• Commercial Vehicles: Increasing infrastructure spending and logistics activity bolster heavy-duty crankshaft demand.

By Material Type

• Forged Steel Crankshafts: Dominate the market owing to superior strength and fatigue resistance.
• Cast Iron & Alloy Crankshafts: Preferred for cost-effective applications and smaller engines.

Regional Outlook

• North America: Advanced automotive R&D and strong OEM presence, led by the U.S., drive innovation in forged crankshaft designs.
• Europe: Strict emission norms and high-performance engine demand from premium automakers sustain market growth.
• Asia-Pacific: Emerging as the most lucrative region with booming vehicle production in China, India, and Japan, supported by local forging and machining hubs.
• Latin America & MEA: Gradual automotive recovery and aftermarket expansion create moderate opportunities for growth.

Market Dynamics

Opportunities

• Integration of lightweight steel and hybrid materials in high-performance vehicles.
• Expansion of aftermarket crankshaft services in developing regions.
• Adoption of AI-based quality control to ensure precision balancing.

Challenges

• High manufacturing costs and raw material price volatility.
• Rising EV adoption potentially reducing long-term ICE crankshaft demand.

Competitive Landscape

The global automotive crankshaft market is moderately consolidated, with key players focusing on R&D, technological innovation, and regional expansion to maintain competitiveness.

Leading Companies

• Schaeffler AG – Expanding its precision component portfolio for hybrid systems.
• Mahle GmbH – Innovating lightweight crankshaft materials for improved efficiency.
• Thyssenkrupp AG – Investing in automated forging and machining technologies.
• Bharat Forge Limited – Strengthening exports with high-performance crankshaft solutions.
• Aisin Corporation and CIE Automotive – Enhancing integration with global OEM supply chains.

Recent Development

• June 2025: Bharat Forge announced a strategic expansion of its Pune manufacturing facility to produce lightweight forged crankshafts for hybrid and fuel-efficient engines. The investment aims to increase annual production capacity by 20%.

Purchase Full Report for Detailed Insights

For access to full forecasts, regional breakouts, company share analysis, and emerging trend assessments, you can purchase the complete report here: https://www.factmr.com/checkout/8437

Future Outlook

The automotive crankshaft market is poised to remain vital in the evolving mobility ecosystem, driven by technological advancements in engine design, material science, and manufacturing precision.

As automakers transition toward hybrid powertrains and lightweight engine architectures, crankshaft manufacturers that invest in digital production, sustainable materials, and OEM partnerships will gain a decisive edge in the global market.

Check out More Related Studies Published by Fact.MR Research:

Autonomous Patrolling Robot Market- https://www.factmr.com/report/autonomous-patrolling-robot-market

Swarm Robotics Market - https://www.factmr.com/report/swarm-robotics-market

Adaptive Robotics Market - https://www.factmr.com/report/adaptive-robotics-market

Unmanned Combat Aerial Vehicle (UCAV) Market - https://www.factmr.com/report/unmanned-combat-aerial-vehicle-market

About Fact.MR

Fact.MR is a global market research and consulting firm, trusted by Fortune 500 companies and emerging businesses for reliable insights and strategic intelligence. With a presence across the U.S., UK, India, and Dubai, we deliver data-driven research and tailored consulting solutions across 30+ industries and 1,000+ markets. Backed by deep expertise and advanced analytics, Fact.MR helps organizations uncover opportunities, reduce risks, and make informed decisions for sustainable growth.