Commercial Vehicle Crankshaft Market size was valued at USD 8.3 Billion in 2024 and is forecasted to grow at a CAGR of 5.4% from 2026 to 2033, reaching USD 12.6 Billion by 2033.
The global commercial vehicle crankshaft market was valued at approximately USD 5.32 billion in 2022 and is projected to reach USD 7.25 billion by 2028, growing at a compound annual growth rate (CAGR) of 5.3% during the forecast period. The increasing demand for heavy duty vehicles and advancements in engine technologies are significant drivers of market growth. The market is primarily driven by the growing need for efficient powertrain systems in commercial vehicles, especially in developing regions. The rising demand for fuel efficient and durable crankshafts is expected to further bolster the market during the forecast period. Additionally, the shift towards electric vehicles and hybrid powertrains is gradually creating new opportunities within the sector, pushing innovation in crankshaft designs and materials.
Regionally, Asia Pacific holds the largest share in the commercial vehicle crankshaft market, accounting for more than 40% of the global market in 2022, largely driven by the growing automotive production and sales in countries like China and India. The region’s rapidly expanding automotive manufacturing hubs are leading to higher demand for crankshafts in commercial vehicles. North America and Europe follow closely, with North America showing steady growth in the aftermarket and replacement segments due to the aging vehicle fleet. Europe, on the other hand, is witnessing steady demand due to the presence of several major truck and bus manufacturers. Latin America and the Middle East & Africa are expected to experience moderate growth, with the rising demand for commercial vehicles and infrastructure development driving the need for high performance crankshafts in these regions.
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Tianrun Industry Technology Co.
Ltd.
thyssenkrupp
Maschinenfabrik Alfing Kessler GmbH
Scat Crankshafts
Liaoning 518 Internal Combustion Engine Parts Co.
Ltd.
STROJÃRNY POLDI
as
Guilin Fuda Co.
ltd.
International Crankshaft Inc.
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Commercial Vehicle Crankshaft Market
Light Commercial Vehicles
Medium Commercial Vehicles
Heavy Commercial Vehicles
Heavy-Duty Trucks
Buses and Coaches
Diesel Engines
Gasoline Engines
Electric Engines
Hybrid Engines
Cast Iron Crankshafts
Forged Steel Crankshafts
Aluminum Alloy Crankshafts
Composite Material Crankshafts
Single Piece Crankshafts
Multi Piece Crankshafts
Counterweighted Crankshafts
Lightweight Crankshafts
Construction and Heavy Machinery
Agricultural Vehicles
Logistics and Transportation
Mining and Earthmoving
Municipal Services (Waste Collection, etc.)
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Commercial Vehicle Crankshaft Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Commercial Vehicle Crankshaft Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Commercial Vehicle Crankshaft Market, By Type
6. Global Commercial Vehicle Crankshaft Market, By Application
7. Global Commercial Vehicle Crankshaft Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Commercial Vehicle Crankshaft Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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