Automotive crankshaft market seen topping $6 billion by 2030

The Business Research Company says the global automotive crankshaft market is on track to pass $6 billion by 2030, driven by vehicle production, hybrid adoption and aftermarket demand. Asia-Pacific is expected to remain the largest regional market, while the U.S. is projected to lead single-country demand.

Why it matters: - Automotive crankshafts remain a core engine component tied to vehicle production, replacement parts demand and powertrain upgrades. - The market’s growth reflects continued demand for combustion and hybrid engines even as automakers push for higher efficiency and lower emissions. - The report pegs the market at more than $6 billion by 2030, a small but steady slice of the wider transport vehicle components sector.

What happened: - The Business Research Company released a 2026 report on the automotive crankshaft market with forecasts through 2030 and 2035. - The market is projected to grow at a 4% CAGR through 2030. - Asia-Pacific is expected to remain the largest regional market. - Bharat Forge Ltd. led the market in 2025 with a 1% share. - The top 10 companies together held 5% of the market in 2025, underscoring a fragmented competitive field.

The details: - The automotive crankshaft market is forecast to surpass $6 billion by 2030. - The segment is expected to account for about 1% of the transport vehicle components market, which is projected to reach about $1,140 billion by 2030. - Within the broader transport industry, crankshafts would represent nearly 0.1% of a $9,400 billion market by 2030. - Rising global vehicle production and fleet expansion are major growth drivers. - Higher output of passenger cars, light commercial vehicles and heavy commercial vehicles keeps demand steady from original equipment makers and replacement suppliers. - Urbanization, freight growth, infrastructure spending and rising vehicle ownership are adding support. - The report estimates these factors contribute about 2.4% annually to market growth. - Automakers are also prioritizing fuel-efficient and high-performance engines. - Advanced forged steels, precision machining and optimized crankshaft designs are being used to improve efficiency, reduce vibration and extend durability. - Those upgrades help manufacturers meet tighter fuel economy and emissions rules. - This trend is estimated to add about 2.2% annual growth. - Hybrid vehicle production is increasing demand for crankshafts built for frequent start-stop cycles. - Aging fleets, longer vehicle life and more repair activity are supporting aftermarket sales. - Aftermarket demand adds roughly 2.0% annual growth. - Cross plane crankshafts are expected to dominate in 2030 with about 66% market share, or roughly $4 billion in value. - Cross plane designs are widely used in V-type engines because they support smoother operation, stronger torque and better vibration control. - The market is also segmented by material, including forged iron or steel and cast iron or steel. - Vehicle categories include heavy commercial vehicles, light commercial vehicles, luxury vehicles, passenger vehicles, SUVs, MUVs and others. - Asia-Pacific is projected to reach $2.1 billion in 2030, up from $1.7 billion in 2025. - The region’s growth is forecast at 4% CAGR. - Regional demand is being supported by vehicle production growth, automotive manufacturing investment and efforts to localize powertrain component production. - The U.S. is projected to become the largest single-country market by 2030 at $1.2 billion, up from $1.0 billion in 2025. - U.S. growth is linked to aftermarket replacement demand, precision machining investment and ongoing need for powertrain parts in commercial and utility vehicles. - The report says leading companies are focusing on lightweight designs, advanced forging, high-strength materials and precision manufacturing. - In 2025, Bharat Forge Ltd., MAHLE GmbH, Tianrun Crankshaft Co. Ltd. and ThyssenKrupp AG each held 1% market share. - Cummins Inc., Happy Forgings Limited and Balu Forge Industries Ltd. each held 0.3%. - Sandvik AB, SPR Auto Technologies Ltd. and Cooper Corporation each held 0.2%.

Between the lines: - The low concentration of market share suggests the crankshaft business is highly fragmented and regionalized. - That fragmentation raises the importance of manufacturing scale, forging know-how and long-term automaker relationships. - The report’s biggest growth opportunity appears to be in cross plane and flat plane crankshafts, which together are expected to add more than $1 billion in market value by 2030. - Cross plane crankshafts are forecast to add $0.7 billion, while flat plane crankshafts are projected to add $0.3 billion. - DRiV introduced Wagner sensors in August 2024, adding a global range of crankshaft and camshaft position sensors for automotive applications. - The move points to growing demand for components that support engine control and easier vehicle repairs. - The report also highlights a supply chain that stretches from steelmakers to aftermarket distributors and major automakers.

What's next: - Manufacturers are likely to keep investing in lighter, stronger and more precisely machined crankshafts. - Competition is expected to intensify around fuel economy, emissions compliance and durability. - Regional expansion and partnerships may matter more as companies try to capture share in a fragmented market. - The 2026 report also adds new tools, including market attractiveness scoring, TAM analysis, company scoring matrices, forecasting dashboards and updated graphics.

The bottom line: - The automotive crankshaft market is not a breakout story, but it is a steady one: demand is set to rise with vehicle production, hybrid adoption and replacement-part needs through 2030. - More information