Asia Pacific Automotive Crankshaft Market (2025-2031) | Trends, Size, Revenue, Companies, Analysis, Share, Forecast, Value, Growth & Industry

Asia Pacific automotive crankshaft market Highlights

Report Name	Asia Pacific automotive crankshaft market
Forecast Period	2025-2031
Market Size	USD 4.20 Million by 2030
CAGR	4.5%
Growing Sector	Passenger Cars

Topics Covered in the Asia Pacific automotive crankshaft market Report

Asia Pacific automotive crankshaft market report thoroughly covers the application, product, and countries. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Asia Pacific automotive crankshaft market Size and Analysis

Asia Pacific automotive crankshaft market size was valued at USD 3.42 billion in 2024 and is expected to reach USD 4.20 billion by 2030. This growth can be attributed to the rising production and sales of vehicles in the region, especially in emerging economies such as China and India.

Asia Pacific automotive crankshaft market Synopsis

The automotive industry in the Asia Pacific region has been booming in recent years, and this trend is expected to continue well into the future. One crucial component of any vehicle is the crankshaft, which converts the reciprocating motion of the pistons into rotational motion that powers the wheels. The Asia Pacific automotive crankshaft market is projected to experience significant growth over the forecast period, driven by various factors such as increasing demand for vehicles, technological advancements in engine design, and government regulations promoting sustainable transportation.

According to 6Wresearch, the Asia Pacific automotive crankshaft market revenue is expected to reach at a significant CAGR of 4.5% during the forecast period 2024-2030. This growth can be attributed to several factors such as increasing production and sales of vehicles in the region, government initiatives promoting sustainable transportation, and technological advancements in materials and manufacturing processes. The primary driver for the growth of the Asia Pacific automotive crankshaft market is the increasing demand for passenger and commercial vehicles in the region. Rapid urbanization, improving living standards, and growing disposable income have led to an increase in vehicle ownership, thereby creating a demand for high-performance engines equipped with advanced crankshafts. Technological advancements in engine design, such as the shift towards lightweight and durable materials, have also contributed to market growth.

However, the Asia Pacific automotive crankshaft Industry faces certain challenges that may hinder its growth. The high cost of advanced crankshafts and fluctuations in raw material prices can pose a challenge for manufacturers. Additionally, the availability of counterfeit products in the market is a significant concern, leading to reduced profit margins and reputational damage for legitimate players.

Asia Pacific automotive crankshaft market Trends

The Asia Pacific automotive crankshaft market has been witnessing several trends in recent years. One trend is the increasing use of electric vehicles (EVs), which do not require traditional crankshafts but instead use electric motors for propulsion. As the demand for EVs continues to rise, the market for traditional crankshafts may face a decline. However, developments in hybrid vehicles that use both electric motors and internal combustion engines could mitigate this impact. Another trend is the adoption of turbocharged engines, which require more robust and efficient crankshafts to handle higher levels of stress.

Investment Opportunities in the Asia Pacific automotive crankshaft market

The Asia Pacific automotive crankshaft market presents several investment opportunities for players in the industry. With the growing demand for passenger and commercial vehicles, there is a significant potential for expansion and growth in the market. Moreover, collaborations with manufacturers to develop new lightweight and durable materials for crankshafts can lead to significant cost savings and improved performance, creating opportunities for partnerships and joint ventures.

Leading Players of the Asia Pacific automotive crankshaft market

The Asia Pacific automotive crankshaft market is highly competitive, with several local and international players operating in the region. Some of the leading players in the market include Mahindra CIE Automotive Ltd., Thyssenkrupp AG, Bharat Forge Limited, TFO Corporation, and Newnham Pty Ltd.

Government Regulations Introduced in the Asia Pacific automotive crankshaft market

Governments across the Asia Pacific region are prioritizing sustainable transportation initiatives to tackle climate change and reduce greenhouse gas emissions. To achieve this, stringent emission regulations have been introduced, compelling the automotive industry to innovate and adopt cleaner technologies. These regulations have significantly increased the demand for high-performance engines equipped with advanced crankshafts capable of meeting stricter environmental standards. Advanced crankshafts not only enhance engine efficiency but also contribute to lower emissions, aligning with global sustainability goals. This growing emphasis on eco-friendly transportation solutions is fostering innovation and driving demand within the region's automotive and related components markets.

Future Insights of the Asia Pacific automotive crankshaft market

The Asia Pacific automotive crankshaft market is expected to continue its steady growth over the forecast period due to the increasing demand for vehicles and advancements in engine technology. However, the market may face challenges from the rise of EVs and counterfeit products. To stay competitive, players in the industry must focus on developing lightweight and durable materials, investing in research and development, and collaborating with manufacturers to meet evolving customer demands. Additionally, government support for sustainable transportation will continue to shape market trends and regulations in the region. Therefore, constant innovation and adaptation will be crucial for long-term success in the Asia Pacific automotive crankshaft market.

Market Segmentation Analysis

The report offers a comprehensive study of the subsequent market segments and their leading categories.

Passenger cars to Dominate the Market - By Application

According to Ravi Bhandari, Research Head, 6wresearch, The demand for crankshafts in passenger cars has witnessed significant growth due to the increasing production of vehicles in emerging economies like India and China. Rising disposable incomes, urbanization, and a growing middle-class population are driving car sales, boosting the need for high-performance crankshafts.

Forged steel crankshaft segment to dominate the market – By Product

The forged steel crankshaft segment dominates due to its superior strength and durability, making it ideal for high-performance and heavy-duty applications. Its adoption is fueled by the need for efficiency and compliance with stringent emission standards.

China Electronics to dominate the market – By Countries

China leads the market due to its massive automotive production capabilities and robust demand for passenger and commercial vehicles.

Key Attractiveness of the Report

• 10 Years of Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year 2023
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Asia Pacific Automotive Crankshaft Market Outlook
• Asia Pacific Automotive Crankshaft Market Overview
• Asia Pacific Automotive Crankshaft Market Forecast
• Historical Data for the period 2020 - 2030 and Market Forecast of Asia Pacific Automotive Crankshaft Market Revenues until 2030
• Historical Data for the period 2020 - 2030 and Market Forecast of the market until 2030, By Product
• Historical Data for the period 2020 - 2030 and Market Forecast of the market until 2030, By Application
• Historical Data for the period 2020 - 2030 and Market Forecast of the market until 2030, By Countries
• Historical Data for the period 2020 - 2030 and Market Forecast until 2030 for India Automotive Crankshaft Market
• Historical Data for the period 2020 - 2030 and Market Forecast until 2030 for China Automotive Crankshaft Market
• Historical Data for the period 2020 - 2030 and Market Forecast until 2030 for Japan Automotive Crankshaft Market
• Historical Data for the period 2020 - 2030 and Market Forecast until 2030 for South Korea Automotive Crankshaft Market
• Historical Data for the period 2020 - 2030 and Market Forecast until 2030 for Rest of Asia Pacific Automotive Crankshaft Market
• Market Drivers and Restraints
• Asia Pacific Automotive Crankshaft Market Trends
• Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Asia Pacific Automotive Crankshaft Market Share, By Players
• Competitive Benchmarking

Market Covered

The Market report includes the following segments

By Application

• Passenger cars
• HCV
• LCV and buses & coaches

By Product

• Machined billet
• Cast iron
• Cast steel and forged steel

By Countries

• India
• China
• Japan
• South Korea and Rest of Asia Pacific