Automotive Crankshaft Market Share

  • Report ID: 349
  • Published Date: Nov 08, 2024
  • Report Format: PDF, PPT

Automotive Crankshaft Market Share

Regionally, the global automotive crankshaft market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in Asia Pacific is projected to hold the largest market share by the end of 2037 backed by the rise of disposable income that is enhancing the purchasing power of Asian consumers. In 2021, the per capita disposable income of Chinese citizens peaked at USD 5,200, an increase of 9% over 2020. Moreover, the growing car market in developing countries, rapid urbanization, and government initiatives encouraging industrialization are projected to drive the regional market over the forecast period. It was observed that India's passenger car market was valued at USD 32 billion in 2021, and it is projected to reach USD 54 billion by 2027, growing at more than 8.8% between 2022 and 2027.

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Automotive Crankshaft Market Share
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Author Credits:  Saima Khursheed


  • Report ID: 349
  • Published Date: Nov 08, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of automotive crankshaft is assessed at USD 2.19 billion.

The automotive crankshaft market size was over USD 2.14 billion in 2024 and is anticipated to cross USD 3.22 billion by 2037, growing at more than 3.2% CAGR during the forecast period i.e., between 2025-2037. Increasing production of passenger and luxury cars, rapid growth in automobile industry along with surge in exports of crankshaft worldwide will drive the market growth.

Asia Pacific industry is expected to dominate majority revenue share of 40% by 2037, backed by rise of disposable income that is enhancing the purchasing power of Asian consumers.

The major players in the market include Thyssenkrupp Crankshaft Company LLC, NSI Crankshaft, Bryant Racing Inc., Arrow Precision, Maschinenfabrik ALFING KESSLER GmBH, Ciguenales Sanz SL, Tianrun Crankshaft co. ltd., Mahindra CIE Automotive, NSI Crankshaft
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