Regulatory Pressure Drives Crankshaft Efficiency Improvements

The global automotive crankshaft market was valued at USD 3.14 billion in 2023 and is projected to reach USD 4.93 billion by 2033, growing at a CAGR of 4.7%. Forged steel held 67.4% of the material segment while passenger vehicles accounted for 62.1% of total market demand.