The global demand for Automotive Crankshaft Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
Automotive crankshaft is a mechanical device found in an automotive engine that aids in the conversion of the piston's linear motion to rotary motion for power transmission. Automotive crankshaft in an automotive engine system is the link that connects the engine with the drive shaft and thus plays an important role in the vehicle's movement. Automotive crankshaft is most extensively used in the automotive industry, such as in trucks, passenger cars, trains, and other automobiles.
Market Dynamics
The rising demand for automobiles and other machinery is the major factor responsible for the market growth of automotive crankshafts. Also, there is an increase in demand in developing countries, owing to the high spending on commercial and passenger vehicles. Moreover, technological advancements in the automotive industry drives the market growth. The rising demand for high-end performance vehicles globally propels the automotive crankshaft market growth. Furthermore, the crankshafts are manufactured with the latest trend in steelmaking processes with materials with high strength and machined billets and are expected to drive the automotive crankshaft market share in the forecast period. However, the high cost of automotive crankshafts may hinder market growth.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of automotive crankshaft. The growth and trends of automotive crankshaft industry provide a holistic approach to this study.
Market Segmentation
This section of the automotive crankshaft market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Forged Steel
- Cast Iron/Steel
- Machined Billet
By Application
- Passenger Car
- Buses & Coaches
- HCV
- LCV
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Automotive Crankshaft market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Automotive Crankshaft Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the automotive crankshaft market include Arrow Precision, Maschinenfabrik ALFING Kessler, Rheinmetall, NSI Crankshaft, Sandvik, TIANRUN CRANKSHAFT, Thyssenkrupp, Bharat Forge, Crower Cams & Equipment, Farndon Engineering, Kellogg Crankshaft Company, Liaoning, Lunati, Winberg Crankshafts. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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