Market Forecast by Application (passenger cars, HCV, LCV and buses & coaches), by Product (machined billet, cast iron, cast steel and forged steel), By Countries (United Kingdom, Italy, France, Germany and Rest of Europe) and Competitive Landscape
Product Code: ETC055061 | Publication Date: May 2021 | Updated Date: Sep 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
According to 6Wresearch internal database and industry insights, the Europe Automotive Crankshaft Market Size was estimated at USD 4.86 billion in 2024 and projected to reach USD 7.1 billion by 2031, reflecting a significant compound annual growth rate (CAGR) of 4.0% during the forecast period 2025-2031.
Report name | Europe Automotive Crankshaft Market |
Forecast Period | 2025-2031 |
CAGR | 4.0% |
Market Size | USD 7.1 billion by 2031 |
Growing Sector | Automotive |
The Europe Automotive Crankshaft Market report thoroughly covers the market by Countries, by Product and by Applications. 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.
Europe Automotive Crankshaft Market is moving forward throughout the years at steady rate. Automotive crankshaft is the main component of engine that converts the linear motion of the piston to the rotational motion in the vehicle’s wheel. The market is broadly segmented where machined billet crankshafts dominate the product segment.
Europe Automotive Crankshaft Market is anticipated to expand at a steady CAGR of 4.0% during the forecast period 2025-2031. On account of increasing vehicle production, especially passenger cars, and rising demand for fuel-efficient, high-performance engines, the growth of market is predicted to rise in the future. This market is being advanced in materials, such as lightweight alloys and forged steels, are boosting crankshaft performance and durability. Apart from this, the growth is noticed in electric and hybrid vehicle production which also create several opportunities for innovative crankshaft designs.
Despite of growth factors, Europe Automotive Crankshaft Market Growth is affected by several challenges. Major challenges include the stringent emission and safety regulations, which increase production costs and complexity. Another big challenge is the high raw material price and dependence on precision manufacturing technologies which can limit the profitability for smaller players. Consumers are shifting towards the electric vehicles, may reduce long-term demand. Further, the intense competition among manufacturers and fluctuating supply chains also poses hurdles for market growth.
Europe Automotive Crankshaft Market is registering for steady growth due to rising demand for fuel-efficient and lightweight vehicles. The rising adoption of advanced manufacturing techniques are on trend, such as the demand of forging and precision machining is increasing. Apart from this, the growth is noticed in electric and hybrid vehicles is influencing material innovation and design trends. Further, aftermarket demand for high-performance crankshafts is steadily rising across the region.
Investors can explore opportunities within Europe Automotive Crankshaft Market, particularly in the production of lightweight and high-strength crankshafts for electric and hybrid vehicles. Due to expansion of aftermarket services and replacement parts create strong revenue potential. Further, the strategic partnerships with OEMs can help secure long-term contracts. Advanced manufacturing technologies, including CNC machining and forging, also offer high-value investment prospects.
In Europe Automotive Crankshaft Market, there are some prominent players who are contributing in the expansion of the market include Schneider Group, HoningTec GmbH, Metaldyne Performance Group, Honda Engineering Europe, and Mahle GmbH. Focus is shifted on innovation, precision engineering, and strong OEM collaborations. Also, the regional manufacturers also contribute by supplying specialized and cost-effective crankshafts. Competition is driven by quality, durability, and technological advancement.
Europe Automotive Crankshaft Market is influenced by stringent EU emission and fuel efficiency standards which are implemented by the governments. To promote the lightweight materials and energy-efficient engine components, the regulations are made by governments. Safety and quality compliance requirements for automotive parts are strictly enforced. Environmental policies also encourage sustainable manufacturing practices and recycling initiatives within the industry.
The future of Europe Automotive Crankshaft Industry is anticipated to expand steadily with the rise of hybrid and electric vehicles. In the upcoming years, due to technological advancements which are observed in materials and manufacturing processes will enhance performance and reduce weight. Aftermarket demand and engine replacement needs will continue to support growth. Further, the focus will remain on sustainability, efficiency, and integration with next-generation powertrains.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
According to Anjali, Senior Research Analyst, 6Wresearch, passenger cars are expected to lead the market due to high production volumes and replacement demand. HCVs, LCVs, and buses & coaches also contribute to steady growth with fleet expansions and industrial transport needs.
Germany is expected to hold the largest Europe Automotive Crankshaft Market Share owing to its strong automotive industry and large production base. United Kingdom, Italy, and France also show steady growth and benefits from increasing vehicle manufacturing and replacement demand.
Machined billet crankshafts are projected to dominate the market for their precision and performance. Cast iron, cast steel, and forged steel crankshafts continue to maintain demand, particularly for heavy-duty and commercial vehicle applications.
The report provides a detailed analysis of the following market segments:
1. Executive Summary |
2. Introduction |
2.1. Key Highlights of the Report |
2.2. Report Description |
2.3. Market Scope & Segmentation |
2.4. Research Methodology |
2.5. Assumptions |
3. Europe Automotive Crankshaft Market Overview |
3.1. Europe Country Macro Economic Indicators |
3.2. Europe Automotive Crankshaft Market Revenues, 2021 & 2031F |
3.3. Europe Automotive Crankshaft Market - Industry Life Cycle |
3.4. Europe Automotive Crankshaft Market - Porter's Five Forces |
3.5. Europe Automotive Crankshaft Market Revenue Share, By Product, 2021 & 2031F |
3.6. Europe Automotive Crankshaft Market Revenue Share, By Application, 2021 & 2031F |
4. Europe Automotive Crankshaft Market Dynamics |
4.1. Impact Analysis |
4.2. Market Drivers |
4.3. Market Restraints |
5. Europe Automotive Crankshaft Market Trends |
6. Europe Automotive Crankshaft Market, By Product |
6.1. Europe Automotive Crankshaft Market, By Product |
6.1.1. Overview and Analysis |
6.1.2. Europe Automotive Crankshaft Market Revenues, By Forged Steel, 2021 - 2031F |
6.1.3. Europe Automotive Crankshaft Market Revenues, By Cast Iron, 2021 - 2031F |
6.1.4. Europe Automotive Crankshaft Market Revenues, By Cast Steel, 2021 - 2031F |
6.1.5. Europe Automotive Crankshaft Market Revenues, By Machined Billet, 2021 - 2031F |
6.2. Europe Automotive Crankshaft Market, By Application |
6.2.1. Overview and Analysis |
6.2.2. Europe Automotive Crankshaft Market Revenues, By Passenger Cars, 2021 - 2031F |
6.2.3. Europe Automotive Crankshaft Market Revenues, By HCV, 2021 - 2031F |
6.2.4. Europe Automotive Crankshaft Market Revenues, By LCV, 2021 - 2031F |
6.2.5. Europe Automotive Crankshaft Market Revenues, By Buses & Coaches, 2021 - 2031F |
7. Germany Automotive Crankshaft Market |
7.1. Germany Automotive Crankshaft Market, By Product |
7.1. Germany Automotive Crankshaft Market, By Application |
7.1. Germany Automotive Crankshaft Market, By Regions |
8. United Kingdom Automotive Crankshaft Market |
8.1. United Kingdom Automotive Crankshaft Market, By Product |
8.1. United Kingdom Automotive Crankshaft Market, By Application |
8.1. United Kingdom Automotive Crankshaft Market, By Regions |
9. Italy Automotive Crankshaft Market |
9.1. Italy Automotive Crankshaft Market, By Product |
9.1. Italy Automotive Crankshaft Market, By Application |
9.1. Italy Automotive Crankshaft Market, By Regions |
10. Spain Automotive Crankshaft Market |
10.1. Spain Automotive Crankshaft Market, By Product |
10.1. Spain Automotive Crankshaft Market, By Application |
10.1. Spain Automotive Crankshaft Market, By Regions |
11. Rest of Europe Automotive Crankshaft Market |
11.1. Rest of Europe Automotive Crankshaft Market, By Product |
12. Europe Automotive Crankshaft Market Key Performance Indicators |
13. Europe Automotive Crankshaft Market - Opportunity Assessment |
13.1. Europe Automotive Crankshaft Market Opportunity Assessment, By Product, 2021 & 2031F |
13.2. Europe Automotive Crankshaft Market Opportunity Assessment, By Application, 2021 & 2031F |
14. Europe Automotive Crankshaft Market - Competitive Landscape |
14.1. Europe Automotive Crankshaft Market Revenue Share, By Companies, 2024 |
14.2. Europe Automotive Crankshaft Market Competitive Benchmarking, By Operating and Technical Parameters |
15. Company Profiles |
16. Recommendations |
17. Disclaimer |