Global Automotive Crankshaft Market Expected to Reach XX Million by 2025
According to a new report published by Reports Monitor titled, “Automotive Crankshaft Market by Type, Property & Applications: Global Opportunity Analysis and Industry Forecast, 2018–2025,” the Automotive Crankshaft Market was valued at XX million in 2016 and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2018 to 2025. Europe due to increasing advancements in automotive engines is considered to command significant market share of the global automotive crankshaft market.
The important function of crankshaft is the conversion of linear motion of the piston to rotational motion. Crankshaft in automobile composes of cast iron, forged steel, and machined crankshaft. Different types of crankshafts are available depending on the type of vehicle and its purpose.
The increasing demand for automotive sector in emerging market and rising demand for performance engine are the major factors propelling the growth of market. However, in developing countries such as China, India, and others, automotive sectors are witnessing high demand for automotive crankshaft, due to large spending for heavy commercial vehicles and demand for high end luxury vehicles.
The global automotive crankshaft market report consists of various tools and techniques including, porters, value chain, market share analysis, and others. The data used in this report is gathered from extensive primary and secondary sources. This report gives the overall idea of market trends, opportunities, restraints, challenges, and others. The report includes major players along with their development strategies such as expansion, acquisition, merger, and others.
The forged steel accounted for the significant shares of the global automotive crankshaft market. Major factors such as the growing usage of forged steel in heavy-duty commercial vehicles, diesel cars, and high-performance vehicles, and the ability to resist added pressure, will contribute to the development of the forged steel crankshaft.
Key Question Answered:
• What will be the market size in 2025 and at what rate it will grow?
• Who are the major key players in global automotive crankshaft market and what are their strategies?
• Which vertical industry is expected to show major growth?
• What segment and region will lead the market and why?
The major companies profiled in the report include Bharat Forge, Amtek Auto, ThyssenKrupp, Mahindra CIE Automotive, NSI Crankshaft, Cigueñales Sanz SL, Bryant Racing, Maschinenfabrik ALFING KESSLER, Arrow Precision, and Tianrun Crankshaft.
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