According to a new market report published by Transparency Market Research “Automotive Crankshaft Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 - 2021,” the automotive crankshaft market was valued at USD 2,520.0 Million in 2014, which is expected to reach USD 2,920.0 Million by 2021, growing at a CAGR of 2.1% from 2015 to 2021. This research study analyzes the automotive crankshaft market on a global level and provides estimates in terms of revenue (USD) from 2015 to 2021. It gives a comprehensive overview of the automotive crankshaft industry from all the important aspects of the market. It recognizes the drivers and restraints affecting the industry and analyzes their impact over the forecast period. Moreover, it identifies the significant opportunities for market growth in the coming years.
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Crankshaft in automobile comprises of cast iron, forged steel and machined crankshaft. The function a crankshaft is to convert the linear motion of the piston to rotational motion, which in turn would power the wheels. Crankshaft can be of two designs; flat plane and cross plane. Flat plane crankshafts are much lighter but are imperfectly balanced. On the other hand cross plane crankshaft are perfectly balanced but are heavier than flat plane crankshafts.
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In the recent times, there has been an increasing interest among people for sports and luxury automobiles. In these kinds of vehicles a machined billet crankshaft are used as they are balanced perfectly and can withstand more force. In addition, the rising fuel prices has led the consumers for more fuel efficient cars and opting for diesel cars. Diesel cars require a forged steel crankshaft to bear the torque generated by the engine. Technologies such as machining of crankshaft have brought a transition in the recent trend of automotive crankshaft. Advanced steel and iron materials are used to manufacture crankshafts which can withstand more force and torque produced by the engines of the vehicle.
Browse Press Release of Automotive Crankshaft Market :
The increase in the demand for passenger vehicles in the developing nations such as India, China and Japan among others has fuelled the growth of passenger vehicle segment in the world. With the rise of passenger vehicles, the demand for crankshaft manufacturers is also set to increase globally. Erratic fuel prices have led to shift in consumer’s preference from petrol vehicles to diesel vehicles as diesel vehicles give more mileage. During the forecast period, the preference of the consumers is expected to partly shift from standard road cars to high end performance cars, with the rising disposable income of the people across the globe.
Europe holds the largest market share in the automotive crankshaft market followed by North America, Asia Pacific and Rest of the World (RoW). Due to the saturation in the markets of North America, the automotive crankshaft market is expected to witness maximum growth in the Asia Pacific region and RoW by the end of the forecast period. It is also to be considered that the market in North America and Europe is expected to maintain a stable growth because of the continuous advancements in the automotive crankshaft market in the two regions.
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This report provides tactical analysis of the automotive crankshaft market and the growth forecast for the period 2015 to 2021. The span of the report includes competitive analysis of various market segments based on the types, crankshaft material and in detail cross sectional analysis of the automotive crankshaft market across diverse geographic segments. To maintain the strategic decision making, the report also includes profiling of leading players in the industry, their market share and various strategy adopted by them. The market attractiveness analysis is also included in the report to provide imminent market dynamics and market competition.
The report also provides company market share analysis of the various industry participants along with company overview, financial overview, business strategies and recent developments in the field of automotive lighting system market. Major market participants profiled in this report include Bhatat Forge Ltd (India), Amtek Auto Ltd. (India), ThyssenKrupp Crankshaft Company LLC (U.S.A), Bryant Racing Inc, (U.S.A), Arrow Precision (U.K), Maschinenfabrik ALFING KESSLER GmbH (Germany), Cigueñales Sanz SL (Spain), Tianrun Crankshaft Co., Ltd. (China), Mahindra CIE Automotive Ltd. (India) and NSI Crankshaft (U.S.A).
The report segments the Automotive Crankshaft market as:
Automotive Crankshaft Market: By Vehicle
Heavy Commercial Vehicle
Light Commercial Vehicle
Automotive Lighting System Market: By Crankshaft Type
Automotive Lighting System Market: By Crankshaft Material
Automotive Lighting System Market: By Geography
Rest Of Europe
Rest Of Asia Pacific
Rest of the World
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