Crankshaft
is a mechanical device and heart of an automotive engine. It has the ability to
convert linear reciprocating motion of piston to a rotary motion for engine
power transmission. These are widely used in automotive field, such as in cars,
trucks, trains and in other automobiles. Without crankshaft it would not be
possible for a vehicle to move even inch, since it is the main link between
input powers to the output powers. Further, automotive crankshaft has multiple
applications in different sectors such as automobile sector, industrial
machinery sector and in printing devices.
Market Size & Forecast
Automotive
crankshaft market is anticipated to witness a robust growth over the forecast
period. Further, the global automotive
crankshaft market is expected to expand at a CAGR of 2.2% over the forecast
period 2017-2024. Moreover, the global automotive crankshaft
market stood at revenue of USD 2.7 billion in year 2016. It is
estimated that till 2024 the extreme growth of global automotive crankshaft
market is anticipated to reach the valuation of USD 3.2 billion.
For Sample Pages
please go through link below:
Europe
accounted for the highest percentage share, more than any region in 2016 in
crankshaft market. After Europe, North America, accounted the second highest
position in revenue among other regions. Asia-Pacific comprises of some fastest
emerging economies such as India and China. These regions are having far more
demand than the other countries, and includes the higher demands for heavy
commercial vehicles and high end luxury vehicles along with others vehicles.
Considering all these factors, during forecast period, the global market of
automotive crankshaft, in Asia-Pacific region will be growing further at an
extreme pace. Upcoming years will appear as golden era for the automotive
crankshaft manufacturers in Asia-Pacific region due to significant opportunity
for them to expand their business.
Market segmentations
Our
in-depth analysis segmented the global market of automotive crankshaft in these
following segments-
By Vehicle
Type
·
Heavy
commercial vehicles
·
Light
commercial vehicles
·
Luxury
vehicles
·
Passenger
vehicles
·
Sport
Utility Vehicles
·
Multi
Utility Vehicles
·
Others
By
Crankshaft Type
·
Flat
plane(Single Plane)
·
Cross
plane
By
Crankshaft Material
·
Cast
Iron
·
Forged
Steel
·
Carbon
steel alloys
·
Others
By Regions
Global
automotive crankshaft market is further classified on the basis of region as
follows:
·
North
America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity
Analysis
·
Latin
America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth &
Opportunity Analysis
·
Western
and Eastern Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium,
Netherlands & Luxembourg, Rest of Western Europe) Market size, Y-O-Y growth
& Opportunity Analysis
·
Asia-Pacific
(China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia) Market
size, Y-O-Y growth & Opportunity Analysis
·
Middle
East and Africa (GCC, North Africa, South Africa and Rest of Middle East and
Africa) Market Size and Y-O-Y Growth Analysis
Growth Drivers & Challenges
The growth
of automotive crankshaft market is driven by the soaring demand for high end
performance vehicles. Further this led all the market players to come up with
quality part products for the high end performing engines, and to lead the
market as well.
The high
earning consumers and their high purchasing power are also propelling the
growth of the automotive crankshaft market in a very positive way. Further
change in lifestyle of the consumers guided them to demand for better products.
These factors are now forcing the market players to come up with something much
better than previous products and with better qualities.
The growth of tourism sector has
also given the boost to the global automotive crankshaft market due to the
demand for large number of automobiles on road.
The
continuous development in automobile sector has also propelled the market of
automotive crankshaft globally. In addition to this, with the ultimate growth
in automobile sector in all regions of the world it is increasing the demand
for automotive crankshaft all over the world.
However,
significant investment on research and development activities while
manufacturing crankshaft is anticipated to hamper the growth of automotive
crankshaft market during the forecast period.
Key Players
·
Thyssenkrupp
Crankshaft Company LLC
·
NSI
Crankshaft
·
Bryant
Racing Inc.
·
Arrow
Precision
·
Maschinenfabrik
ALFING KESSLER GmBH
·
Ciguenales
Sanz SL
·
Tianrun
Crankshaft co. ltd.
·
Mahindra
CIE Automotive
·
NSI
Crankshaft
Scope & Context
Overview
of the Parent Market
Analyst
View
Segmentation
The global
automotive crankshaft market is segmented as following –
·
By
Vehicle Type Market Size and Y-O-Y Growth Analysis
·
By
Crankshaft Type Market Size and Y-O-Y Growth Analysis
·
By
Crankshaft Material Market Size and Y-O-Y Growth Analysis
·
By
Regions Market Size and Y-O-Y Growth Analysis
Market Dynamics
Demand and
Supply Risk
Competitive
Landscape
Porter’s
Five Force Model
Geographical
Economic Activity
Key
Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent
Trends and Developments
Industry
Growth Drivers and Challenges
Key
Information for players to establish themselves in current dynamic environment.
To know
more about this research, kindly visit: http://www.researchnester.com/reports/automotive-crankshaft-market-global-demand-analysis-opportunity-outlook-2024/349
For Table of Content &
Free Sample Report Contact:
Ajay
Daniel
Email:
ajay.daniel@researchnester.com
U.S. +1 646 586 9123
U.K. +44 203 608 5919
No comments:
Post a Comment