Automotive Crankshaft Market Size - By Crankshaft Type (Flat Plane, Cross Plane, Modular), Vehicle Type (Two-Wheelers, Passenger Cars, Commercial Vehicles) Material (Forged Steel, Cast Iron/Steel, Machined Billet), Sales Channel & Forecast, 2024 - 2032

Automotive Crankshaft Market Size - By Crankshaft Type (Flat Plane, Cross Plane, Modular), Vehicle Type (Two-Wheelers, Passenger Cars, Commercial Vehicles) Material (Forged Steel, Cast Iron/Steel, Machined Billet), Sales Channel & Forecast, 2024 - 2032

Global Automotive Crankshaft Market will demonstrate 4% CAGR between 2024 and 2032, credited to the increasing focus on engine performance. Advances in crankshaft technology are crucial for enhancing engine efficiency, power output, and durability. As automakers strive to meet higher performance standards and fuel efficiency requirements, the demand for advanced crankshafts that offer improved strength, reduced weight, and enhanced performance grows.

For instance, in January 2024, Porsche revealed its plans to introduce an updated crankshaft for its V8 twin-turbo engine, set to be implemented in the Porsche 963 by mid-year, as stated by Porsche LMDh factory director Urs Kuratle. The German automaker, which launched the LMDh car in 2023 in both the IMSA WeatherTech SportsCar Championship and the FIA World Endurance Championship, is pursuing these updates to enhance the car's performance for the 2024 racing season.

This drive for optimized engine components aligns with evolving regulatory standards and consumer expectations, thus boosting the automotive crankshaft market.

The overall automotive crankshaft market is categorized based on crankshaft type, vehicle type, material, sales channel, and region.

The flat plane crankshaft market will amass noticeable gains through 2032, propelled by their ability to enhance engine performance, particularly in high-revving and high-performance engines. These crankshafts offer improved throttle response and power delivery, making them ideal for sports cars and racing applications. Additionally, their simpler and lighter design compared to cross-plane crankshafts results in reduced engine weight and better balance. As automakers and enthusiasts seek higher efficiency and superior performance, the popularity of flat plane crankshafts continues to grow.

The automotive crankshaft market size from the aftermarket segment will record appreciable growth over 2024-2032, owing to the need for replacement parts due to wear and tear, engine repairs, and performance upgrades. Vehicle owners and repair shops seek high-quality, durable crankshafts to maintain or enhance engine performance and longevity. Additionally, the increasing number of older vehicles on the road and the growth of the automotive service and repair industry contribute to the demand. Enthusiasts and performance tuners also drive aftermarket sales by upgrading crankshafts for better engine output and efficiency.

North America automotive crankshaft industry will drive lucrative gains throughout 2024-2032 due to the region's robust automotive manufacturing sector and significant investment in research and development. High demand for passenger and commercial vehicles drives the need for reliable and high-performance crankshafts. Additionally, a strong aftermarket industry and a growing trend of vehicle customization and performance enhancement contribute to market growth. Regulatory standards for emissions and fuel efficiency also encourage the adoption of advanced crankshaft technologies, further boosting the industry.