Automotive Crankshaft Market Outlook:
Automotive Crankshaft Market size was valued at USD 7.61 billion in 2024 and is set to exceed USD 11.05 billion by 2034, expanding at over 3.8% CAGR during the forecast period i.e., between 2025-2034. In the year 2025, the industry size of automotive crankshaft is estimated at USD 7.86 billion.
The market revenue is driven by growth and development in the automobile industry around the globe. It was observed that the automobile industry produced approximately 22,930,200 vehicles between April 2021 and March 2022, a slight increase from 22,600,600 vehicles produced in April 2020 to March 2021.
Crankshaft is a mechanical device and heart of an automotive engine. It has the ability to convert linear reciprocating motion of piston to a rotary motion for engine power transmission. These are widely used in automotive field, such as in cars, trucks, trains and in other automobiles. Without crankshaft it would not be possible for a vehicle to move even inch, since it is the main link between input powers to the output powers.
Further, automotive crankshaft has multiple applications in different sectors such as automobile sector, industrial machinery sector and in printing devices. Moreover, the soaring demand for high end performance vehicles with high end performing engines, change in lifestyle of the consumers guided them to demand for better products along with rising disposable income will propel the automotive crankshaft market growth. According to the Bureau of Economic Analysis, personal income rose by USD 47.0 billion (0.2%) and disposable personal income by USD 37.6 billion (0.2%) in July 2022.
