Product Code: ETC282930 | Publication Date: Aug 2022 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The Vietnam Automotive Crankshaft Market is projected to witness mixed growth rate patterns during 2025 to 2029. Starting at 9.66% in 2025, the market peaks at 11.42% in 2028, and settles at 10.42% by 2029.
The Automotive Crankshaft market in Vietnam is projected to grow at a high growth rate of 11.30% by 2027, highlighting the country's increasing focus on advanced technologies within the Asia region, where China holds the dominant position, followed closely by India, Japan, Australia and South Korea, shaping overall regional demand.
In the Vietnam automotive crankshaft market, precision engineering and durability are paramount. The crankshaft is a critical component in an engine, converting linear motion into rotational motion. With the automotive sector`s expansion in Vietnam, there is a consistent need for high-quality crankshafts to meet the production demands of vehicles. This market is driven by the automotive industry`s growth and the pursuit of advanced engine technologies to improve performance and efficiency.
In the Vietnam automotive crankshaft market, the key driver is the increasing production of vehicles and the need for durable and high-performance crankshafts. Crankshafts are critical engine components responsible for converting reciprocating motion into rotational motion. With the automotive sector showing no signs of slowing down, the demand for automotive crankshafts remains strong.
The Vietnam automotive crankshaft market faces challenges related to precision engineering and cost-effectiveness. Modern engines demand crankshafts that are precisely machined for optimal performance, but achieving such precision can be costly. Manufacturers need to balance the need for high-quality components with competitive pricing to remain viable in the market.
The Vietnam automotive crankshaft market also felt the impact of COVID-19. The pandemic disrupted the production of crankshafts, a vital component of internal combustion engines. Supply chain interruptions, including the availability of raw materials and workforce shortages, caused delays in crankshaft production. This, in turn, affected the overall automotive industry`s ability to manufacture and deliver vehicles, resulting in a temporary slowdown.
In the Vietnam automotive crankshaft market, enterprises such as Riken Vietnam, Nakamura Choukou Co., Ltd., and Quoc Dat Mechanical Engineering Co., Ltd. are recognized for their expertise in producing essential engine components.
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 Vietnam Automotive Crankshaft Market Overview |
3.1 Vietnam Country Macro Economic Indicators |
3.2 Vietnam Automotive Crankshaft Market Revenues & Volume, 2021 & 2031F |
3.3 Vietnam Automotive Crankshaft Market - Industry Life Cycle |
3.4 Vietnam Automotive Crankshaft Market - Porter's Five Forces |
3.5 Vietnam Automotive Crankshaft Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.6 Vietnam Automotive Crankshaft Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Vietnam Automotive Crankshaft Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
4 Vietnam Automotive Crankshaft Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for vehicles in Vietnam |
4.2.2 Growing investments in automotive manufacturing sector |
4.2.3 Technological advancements leading to more efficient crankshaft production |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices |
4.3.2 Competition from imported crankshafts |
4.3.3 Regulatory challenges in the automotive industry |
5 Vietnam Automotive Crankshaft Market Trends |
6 Vietnam Automotive Crankshaft Market, By Types |
6.1 Vietnam Automotive Crankshaft Market, By Material |
6.1.1 Overview and Analysis |
6.1.2 Vietnam Automotive Crankshaft Market Revenues & Volume, By Material, 2021-2031F |
6.1.3 Vietnam Automotive Crankshaft Market Revenues & Volume, By Forged steel, 2021-2031F |
6.1.4 Vietnam Automotive Crankshaft Market Revenues & Volume, By Cast iron/steel, 2021-2031F |
6.1.5 Vietnam Automotive Crankshaft Market Revenues & Volume, By Machined billet, 2021-2031F |
6.2 Vietnam Automotive Crankshaft Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 Vietnam Automotive Crankshaft Market Revenues & Volume, By Flat Plane, 2021-2031F |
6.2.3 Vietnam Automotive Crankshaft Market Revenues & Volume, By Cross Plane, 2021-2031F |
6.3 Vietnam Automotive Crankshaft Market, By Vehicle Type |
6.3.1 Overview and Analysis |
6.3.2 Vietnam Automotive Crankshaft Market Revenues & Volume, By Passenger Car, 2021-2031F |
6.3.3 Vietnam Automotive Crankshaft Market Revenues & Volume, By Commercial Vehicle, 2021-2031F |
7 Vietnam Automotive Crankshaft Market Import-Export Trade Statistics |
7.1 Vietnam Automotive Crankshaft Market Export to Major Countries |
7.2 Vietnam Automotive Crankshaft Market Imports from Major Countries |
8 Vietnam Automotive Crankshaft Market Key Performance Indicators |
8.1 Average lead time for crankshaft production |
8.2 Percentage of locally sourced raw materials used in crankshaft manufacturing |
8.3 Rate of adoption of advanced manufacturing technologies in crankshaft production |
8.4 Number of new partnerships or collaborations within the automotive manufacturing sector |
8.5 Average age of vehicles on the road in Vietnam |
9 Vietnam Automotive Crankshaft Market - Opportunity Assessment |
9.1 Vietnam Automotive Crankshaft Market Opportunity Assessment, By Material, 2021 & 2031F |
9.2 Vietnam Automotive Crankshaft Market Opportunity Assessment, By Type, 2021 & 2031F |
9.3 Vietnam Automotive Crankshaft Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
10 Vietnam Automotive Crankshaft Market - Competitive Landscape |
10.1 Vietnam Automotive Crankshaft Market Revenue Share, By Companies, 2024 |
10.2 Vietnam Automotive Crankshaft Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |