Engine Crankshaft Market Report 2025 (Global Edition)

Global Engine Crankshaft Market Report 2025 Market Size Split by Type (Flat Plane, Cross Plane), by Application (Automotive, Industrial, Marine, Others), by Material (Forged Steel, Cast Iron, Others),...

Engine Crankshaft Market Report Description

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Engine Crankshaft Market Insights Video

Competitive Landscape of Engine Crankshaft

As a consequence of prospective advancements in crankshaft technology by some of the major firms in the auto industry, the size of the global automotive crankshaft market is anticipated to enter a phase of rapid development. The most crucial part of an internal combustion engine (ICE) is the crankshaft because it transforms linear motion into rotating motion, which drives the vehicle. Several of the biggest automobile companies are developing superior crankshaft solutions using cutting-edge technology and materials. 

• December 2019: Collaboration between Wilhelmsen and Thyssenkrupp AG began. This partnership will develop commercial solutions for the nautical products and industry that are possible by additive manufacturing.

(Source:www.thyssenkrupp.com/en/newsroom/press-releases/thyssenkrupp-and-wilhelmsen-team-up-to-deepen-additive-manufacturing-solutions-for-maritime-industry-18240.html)

• October 2021: MM Forgings Ltd (MMF) acquired CAFOMA Autoparts Pvt Ltd (CAFOMA) on October 15, 2021, for 28 crores in cash and five crores in debt. One of the major independent producers of machined crankshafts serving the tractor and industrial markets is CAFOMA. A monthly output of 15,000 crankshafts is possible at CAFOMA. Currently, CAFOMA machines 5,000 crankshafts each month on a job-work basis.

(Source:www.mmforgings.com/uploads/News_and_Events/Acquisition_of%20_Cafoma_Autoparts_Private_Limited.pdf)

Top Companies Market Share in Engine Crankshaft Industry: (In no particular order of Rank)

• DENSO
• Continental AG
• Aisin Seiki
• Bosch Group
• JTEKT
• Delphi Automotive PLC
• Mitsubishi Electric
• Visteon
• ThyssenKrupp
• Maschinenfabrik Alfing Kessler
• FEUER Powertrain
• Neue Halberg-Guss
• Darcast
• Arrow Precision
• CIE Automotive
• Teksid
• Ellwood Crankshaft
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In terms of revenue, Asia Pacific Engine Crankshaft Market share was 35% of total market

According to Cognitive Market Research, Asia Pacific dominated the market in 2022 and accounted for a share of more than 35% of the global revenue due to several variables. The North America region dominates the market for engine crankshafts. Growing economies and rising consumer spending power that result in increased demand for cars and motorcycles are likely to contribute to this segment's market share between 2021 and 2028, as well as the increasing adoption of crankshafts globally across industries like mining, automotive, etc in the United States.

Furthermore, the Asia Pacific is the second-largest region. The region's strong economy and significant presence of multinational firms create a considerable demand for engine crankshafts, which promotes global trade and business growth. Additionally, the development of the automotive crankshaft market is supported by government programs encouraging industry. One of the main factors promoting industrial activity in India is the "Make in India" program. In addition to government policies that support business, benevolent FDI regulations have sparked fierce competition between Indian states to draw foreign direct investments into the manufacturing sector. The nation's improvement in the World Bank's Ease of Doing Business rankings has secured India's prospective growth.

The current report Scope analyzes Engine Crankshaft Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

Engine Crankshaft Market Analysis

Type Segment Analysis

The flat plane is the engine crankshaft market's most popular offering. Due to its advantages over other segments, including greater exhaust scavenging, being more compact, lighter, and more responsive, the flat plane type segment is anticipated to dominate the market over the forecast period.

According to Cognitive Market Research, cross-plane is the second-most popular product. Due to its characteristics for vibration-free performance, the cross-plane type segment is also anticipated to experience strong market expansion throughout the projection period.

• Flat Plane
• Cross Plane

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Engine Crankshaft Industry. Request a Free Sample PDF!

Applications Segment Analysis

The automotive is the engine crankshaft market's most popular offering. In the coming years, factors like rising demand from emerging nations due to their expanding economies, rising consumer spending power, and improved road infrastructure are projected to support this market's revenue.

According to Cognitive Market Research, marine is the second-most popular product. Boats, ships, and other watercraft all utilize marine crankshafts. They are often composed of high-strength steel or cast iron to survive the rough marine environment.

• Automotive
• Industrial
• Marine
• Others

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Engine Crankshaft Material Segment Analysis

According to Cognitive Market Research, forged steel is the item that is utilized the most frequently in the market for engine crankshafts. Crankshafts made of forged steel are an auto engine component used for many years. These components are perfect for usage in numerous engines across various sectors today since they have a high tensile strength, can bear wear and tear fatigue loads, and are lightweight. Due to their superior efficiency over competing materials like cast iron or nodular iron, which makes them more cost-effective than their counterparts, many vehicle manufacturers also employ them as replacement components.

Cast iron is the second-most used product. While forged steel rules the market, cast iron is still necessary for some engine crankshafts. They are perfect for usage in various engines due to their many advantages, including strong load-bearing capacity, good thermal conductivity, and chemical resistance. Graphite particles are embedded in a metal matrix that makes up the crankshafts made of cast iron. Due to its straightforward manufacturing procedure compared to other materials now used in the industry, the entire structure provides strength to these parts under large loads without making it too expensive or difficult to create at a low cost.

• Forged Steel
• Cast Iron
• Others

Engine Crankshaft Distribution Channel Segment Analysis

According to Cognitive Market Research, OEM, the supplier of engine crankshafts, often sells significant crankshafts to the OEM through the OEM distribution channel. The OEM then uses crankshafts to construct their automobiles. Since the OEM distribution channel is a direct channel, there are no middlemen between the OEM and the supplier.

The engine crankshaft for aftermarket offering ranks second in usage. The provider of engine crankshafts often offers distributors with lower numbers of crankshafts through the aftermarket distribution channel. The retailers, in turn, sell the crankshafts to companies and individuals who need to repair or replace their vehicle's crankshaft. Distributors then purchase the crankshafts from retailers. Because the aftermarket distribution channel is indirect, there are intermediaries between the supplier and the final consumer.

• OEM
• Aftermarket

Author's Detail

Aarti Bagekari

Research Associate at Cognitive Market Research

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I am Aarti Bagekari, worked as a research associate with strong passion for transforming complex information into strategic insights. My strong analytical skills, coupled with a deep understanding of market dynamics and consumer behavior, empower me to identify hidden opportunities and proactively mitigate risks for clients. As a part of team, I possess a skills in data analysis, segmentation, competitive landscape.

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