The global demand for Two Wheeler Crankshaft is estimated to be worth USD 4,209.9 million in 2024 and is anticipated to reach a value of USD 5,938.4 million by 2034. Sales are projected to rise at a CAGR of 3.5 % over the forecast period between 2024 and 2034.
The revenue generated by Two Wheeler Crankshaft in 2023 was USD 4,067.5 million. The industry is predicted to exhibit a Y-o-Y growth of 3.7% in 2024. This projected growth indicates a value growth of nearly 1.5X from the current value over the study period.
The global Two-Wheeler Crankshaft Market is expanding due to the growing demand for durable and high-performance components. Forged steel crankshafts dominate this space, offering superior strength and fatigue resistance.
Their ability to handle high stress makes them indispensable for motorcycles and commuter bikes. Advancements in forging technology further enhance their efficiency, reducing engine weight without compromising reliability.
Motorcycles lead the market owing to their widespread adoption in emerging economies like India and Brazil, where affordability and fuel efficiency drive sales. This has created consistent demand for flat plane crankshafts, which are cost-effective and suitable for high-revving engines.
Meanwhile, scooters also contribute significantly, particularly in urban areas where compact designs and lower emissions are prioritized.
| Attributes | Key Insights |
|---|---|
| Estimated Value (2024) | USD 4,209.9 million |
| Projected Size (2034) | USD 5,938.4 million |
| Value-based CAGR (2024 to 2034) | 3.5% |
Flat plane crankshafts account for a major share due to their straightforward design and smooth power delivery, making them ideal for commuter bikes. Other configurations, such as cross plane and offset crankshafts, find limited but growing applications in premium motorcycles, catering to performance-focused consumers.
Forging is the preferred manufacturing process, driven by its ability to produce durable components at competitive costs. Hybrid methods, like forged-machined crankshafts, are gaining traction, blending precision machining with traditional forging benefits. Although casting remains relevant for low-cost applications, the demand for lightweight and high-performance parts ensures forging’s continued dominance.
OEMs represent the largest sales channel, benefiting from their integration in new two-wheeler production. Aftermarket demand remains steady, primarily in regions with aging two-wheeler fleets like Africa and parts of Asia. However, advancements in engine durability and preventive maintenance practices are gradually limiting aftermarket growth.
The market’s trajectory is shaped by technological innovation, growing two-wheeler adoption, and evolving consumer preferences for efficient and reliable components.
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Rising Urbanization and Demand for Affordable Mobility in Asia.
The rapid urbanization in Asia, particularly in countries like India, Indonesia, and Vietnam, is a major driver for the two-wheeler crankshaft market. Two-wheelers have become an ideal option particularly for urban commuting owing to the increasing urban population and the need for inexpensive and effective transport.
For instance, in India the demand for mobility in densely populated urban areas resulted in the sharp growth of the two wheeler market surpassing 21 million units in 2023. Increasing reliance on motorcycles and scooters in these areas will still increase the demand for two wheeler crankshafts because they are critical for the engine’s performance and durability.
Regulatory Pressures and Emission Standards Drive Advanced Engine Technology.
Significant contributor to the two wheeler crankshaft market growth is the shift towards rigid emission norms, for example in India BS-VI and in Europe it is Euro 5. Authorities are enforcing these standards in order to curb the pollution caused by vehicles particularly in the cities where two wheelers are the focal point.
In India, leading companies such as Hero MotoCorp and Bajaj Auto are using performance based crankshafts which will enable them to comply with these measures, because there is growing demand for motorcycles with lower emissions and high fuel efficiency.
As a consequence of this strong trend in targeted industries, there is a buoyant demand for high strength and durable crankshafts which can withstand the cleaner engine technology boom higher usage in forged steel and novel manufacturing techniques, further aiding the growth of the market.
Growing Adoption of Lightweight Crankshafts for Enhanced Fuel Efficiency.
One of the trends impacting the two-wheeler crankshaft market is the gradual transition towards the adoption of lightweight crankshafts manufactured from advanced materials such as forged steel and aluminum alloys.
Being part of the global effort to cut down on fuel use and carbon emissions, manufacturers are channeling investments towards crankshaft designs that boost overall engine efficiency.
For example, in India, Honda started to integrate lighter crankshafts into its commuter motorcycles which in turn enhanced fuel efficiency. Going forward, such trends are likely to persist as there is a growing impetus for high-performance and most economical motorcycles across geographies particularly the Asia countries where the cost and efficiency plays a fundamental role in their uptake.
Expanding Market in Emerging Economies Fueled by Rising Incomes.
The market for two-wheeler crankshafts is also expected to grow significantly in Asian as well as the African regions. Increase in per capita income especially in countries like India, Indonesia and Nigeria is making use of motorcycles as a means of transport affordable to more people.
The rise in middle class in the country has resulted into the increased need of commuter and performance motorcycles as well. These regions will continue to have a demand for good quality crankshafts as they are targeting policies that will increase local production and increase affordability of transportation thereby making it easier for OEMs and suppliers that want to target these markets.
Raw Material Price Fluctuations and Supply Chain Challenges.
A critical challenge confronting the two-wheeler crankshaft industry is the inconsistency in the sourcing of materials that they actually require, such as steel and cast iron. The post-COVID trade patterns coupled with conflict in other regions contributed to this emerged trend.
Because Asia is a region where raw material costs have a serious impact on production, steel prices, for instance, have increased sharply in recent years. Due to such price variations, manufacturers will incur increased manufacturing costs, which would then be transferred to customers, hence inhibiting the growth of the market, especially in price-sensitive regions such as India.
The Two Wheeler Crankshaft recorded a CAGR of 2.5 % during the historical period between 2019 and 2023. The growth of Two Wheeler Crankshaft was positive as it reached a value of USD 4,067.5 million in 2023 from USD 3,617.14 million in 2019.
The COVID-19 pandemic disrupted the Two-Wheeler Crankshaft Market in 2020, leading to production halts and weakened demand due to reduced two-wheeler sales. Supply chain interruptions further delayed OEM production and aftermarket services. By 2021, the market began recovering as governments incentivized local manufacturing and consumers opted for affordable personal mobility, driving two-wheeler demand in regions like India and Indonesia.
From 2024 to 2034, the market is set for steady growth, driven by rising two-wheeler production in Asia and increasing demand for durable, fuel-efficient crankshafts. Forged steel crankshafts, favored for their strength and reliability, will dominate as manufacturers adopt advanced forging technologies to meet emission standards like BS-VI and Euro 5.
Growth in the aftermarket sector is also expected, especially in regions with aging vehicle fleets. Key players, including Bajaj Auto and Hero MotoCorp, are focusing on lightweight, high-performance crankshafts to align with consumer preferences and regulatory requirements, ensuring long-term market expansion.
Principal Consultant
Tier-1 companies account for around 50-55% of the overall market with a product revenue from the Two Wheeler Crankshaft market of more than USD 500 million. Tier-1 manufacturers Musashi Seimitsu Industry Co., Ltd., Schaeffler Group, JTEKT Corporation, BorgWarner Inc. and other players.
Tier-2 and other companies such as Sundaram Clayton Ltd., SKF Group, Federal-Mogul Corporation, Aisin Seiki Co., Ltd. and other players are projected to account for 45-50% of the overall market with the estimated revenue under the range of USD 500 million through the sales of Two Wheeler Crankshaft.
The section below covers the industry analysis for Two Wheeler Crankshaft in different countries. The demand analysis on key countries in several regions of the globe, including North America, Latin America, East Asia, South Asia Pacific, Western Europe, Eastern Europe, Middle East, and Africa is provided. This data helps investors to keenly observe and go through the recent trends and examine them in an ordered manner.
| Countries | Value CAGR (2024 to 2034) |
|---|---|
| India | 7.0% |
| Brazil | 5.0% |
| China | 3.5% |
| Japan | 2.5% |
| The USA | 2.0% |
The sale of Two Wheeler Crankshaft in China is projected to reach USD 1,930.1 million and is estimated to grow at a 3.5 % CAGR by 2034.
China dominates the global two-wheeler crankshaft market, driven by its extensive domestic production and export capabilities. With over 20 million two-wheelers manufactured annually, the country supplies both local and international markets. Rising urbanization and affordability of motorcycles and scooters have made them a preferred mode of transportation, especially in tier-2 and tier-3 cities.
The surge in e-commerce has further amplified the need for motorcycles in last-mile delivery services. Additionally, China's competitive manufacturing ecosystem ensures cost-efficient crankshaft production, bolstering its position in the global market. Companies like Loncin and Lifan are leveraging advancements in engine technology to enhance crankshaft efficiency.
The sales in the India are projected to reach USD 1,797.5 million by 2034. Over the forecast period, demand for Two Wheeler Crankshaft in the aviation industry within the India is predicted to grow at an 7.0% CAGR.
India’s two-wheeler crankshaft market is expanding due to the increasing demand for affordable and reliable mobility options. A growing middle-class population and widespread adoption of motorcycles and scooters for commuting have led to high crankshaft consumption. Rural areas, in particular, exhibit strong demand due to limited public transportation.
Furthermore, the rise of small-displacement two-wheelers for delivery services in urban areas has bolstered growth. Major manufacturers like Hero MotoCorp and TVS are focusing on improving crankshaft efficiency to meet rising customer expectations for fuel economy. Additionally, the replacement market is growing steadily due to India’s vast two-wheeler fleet, which ensures consistent aftermarket demand.
The sale of Two Wheeler Crankshaft in the USA is projected to reach USD 283.5 million and grow at a CAGR of 2.0% by 2034.
While the usage of two-wheelers is not high in the USA, the use of motorcycles and recreational vehicles is highly concentrated. There is a growing demand of crankshafts with high performance as consumers look for robust and effective engines particularly of bikes more than 500cc.
Established companies such as Harley Davidson and Indian Motorcycle are now turning to new crankshaft methods to increase durability and quality of their motorcycles. The instant popularity of adventure and touring motorcycles has also created an upsurge demand of four-stroke vehicles.
Customization of two-wheelers and modification of these vehicles in the USA also augments the sale of crankshafts, as the demand for high performance motorcycles is high.
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The section explains the growth trajectories of the leading segments in the industry. In terms of material composition type, the forged steel will likely dominate and generate a share of around 52.2% in 2024.
Based on the crankshaft configuration type, the flat plane crankshaft type is projected to hold a major share of 56.4% in 2024. The analysis would enable potential clients to make effective business decisions for investment purposes.
| Segment | Forged Steel (Material Composition) |
|---|---|
| Value Share (2024) | 52.2% |
The growing popularity of forged steel crankshafts in the Two-Wheeler Crankshaft market is due to their performance which makes them crucial in the construction of modern engines. Equipped with exceptional fatigue resistance and strength, forged steel seems to be the material of choice for high performance engines in motorcycles and lower capacity commuter bikes.
For instance, in India, Bajaj Auto has already adapted forged steel crankshafts in its Dominar series motorcycles to enhance the performance of the engine and meet the BS-VI emission standards.
Furthermore, the development of modern precision forging technology allows for weight reduction of the parts, which is in line with the design of fuelling saving global trends for two-wheeled vehicles. The emphasis on performance, stability and legal requirements still guarantees the supremacy of forged steel crankshaft.
| Segment | Flat Plane Crankshaft (Crankshaft Configuration) |
|---|---|
| Value Share (2024) | 56.4% |
Flat plane crankshafts hold a significant share in the Two-Wheeler Crankshaft Market due to their cost-effectiveness and suitability for urban commuter motorcycles. These crankshafts deliver smoother power delivery and reduced vibrations, making them ideal for densely populated regions with high two-wheeler usage, such as Indonesia and the Philippines.
Honda, for instance, has integrated flat plane crankshafts into its popular commuter models, such as the Honda Shine, to enhance engine efficiency and cater to budget-conscious consumers. Their straightforward design also supports ease of manufacturing and maintenance, which is crucial in markets where affordability and reliability drive consumer preferences.
Technological advancements in the global two-wheeler crankshaft industry are improving engine performance, durability, and fuel efficiency. Forged steel crankshafts dominate due to their strength and resistance to wear, catering to high-performance motorcycles and scooters.
Rising demand for lightweight and compact engine components is driving innovation, with manufacturers adopting advanced machining and hybrid manufacturing techniques. The shift towards stricter emission norms, particularly in Asia and Europe, is encouraging the development of precision-engineered crankshafts for efficient combustion engines.
These advancements are aligned with the industry's focus on enhancing vehicle performance and reducing environmental impact, making crankshafts a critical component in modern two-wheeler designs.
Recent Industry Developments:
The Two-Wheeler Type segment is further categorized into Motorcycles and Scooters.
The Material Composition Type segment is classified into Billet Steel, Cast Iron, and Forged Steel.
The Crankshaft Configuration Type segment is categorized into Flat Plane Crankshaft, Cross Plane Crankshaft, Asymmetrical Crankshaft, and Offset Crankshaft.
The Manufacturing Process segment is categorized into Casting, Forging, Machining and hybrid.
The Sales Channel segment is categorized into OEM and Aftermarket.
Regions considered in the study include North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia & Pacific, and the Middle East and Africa.
The Two Wheeler Crankshaft was valued at USD 4,067.5 million in 2023.
The demand for Two Wheeler Crankshaft is set to reach USD 4,209.9 million in 2024.
The global two-wheeler crankshaft market is driven by rising two-wheeler production, technological advancements in engine components, stringent emission regulations, and increasing demand for durable, high-performance vehicles across developed and emerging economies.
The Two Wheeler Crankshaft demand is projected to reach USD 5,938.4 million by 2034.
Forged Steel in Two Wheeler Crankshaft is expected to lead during the forecast period.
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Two Wheeler Crankshaft Market
