A new research
report published by Transparency Market Research studies the
various factors governing the automotive crankshaft market. The
research report, titled “Automotive
Crankshaft Market - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast 2015 - 2021,” states that the
remarkable growth in the automobile sector in the past few years has
led to a surge in the demand for automotive crankshafts across the
globe. The proliferating automotive sector in emerging economies has
also made a significant contribution to the growth of the global
automotive crankshaft market. According to the research report, the
global automotive crankshaft market was valued at US$2.52 bn in 2014
and is expected to reach US$2.92 bn by 2021, at a 2.1% CAGR between
2015 and 2021.
A crankshaft
performs the task of converting reciprocating motion to rotational
motion. It is the link between the input and output of the vehicle
and the reason why the car gains its movement. On the other hand, in
a reciprocating compressor, a crankshaft converts the rotational
motion into reciprocating motion. The crankshaft uses crank throws or
crankpins to make these conversions. Crankshafts are an exceptionally
important part of an engine as they transmit power to drive wheels.
The global
automotive crankshaft market is segmented on the basis of vehicle,
type of crankshaft, material, and geography. The vehicles using
automotive crankshafts are heavy commercial vehicles, passenger
vehicles, light commercial vehicles, MUVs, SUVs, and others. The
types of crankshafts being used are cross plane and flat plane. The
materials used for making these are forged steel, cast iron, and
others. Geographically, this market is segmented into Europe, Asia
Pacific, North America, and Rest of the World.
Of all the types of
vehicles, the passenger vehicle segment was the biggest consumer of
automotive crankshafts 2014. This demand was a result of the
burgeoning middle class and the growing demand for passenger vehicles
amongst them. In the coming years, this segment is set to witness a
steady growth rate due to rising disposable incomes of several
consumers that will allow them to buy passenger vehicles.
Get Free Sample
Report Copy :
Out of the types of
crankshafts, the flat plane crankshaft segment held a dominant
position in the overall market in 2014. In the coming years, the
demand for machined crankshafts is also expected to rise due to
growing production of high-end sports cars. On the other hand, the
forged steel crankshaft segment is also expected to witness a
positive growth rate due to the increasing sale of heavy commercial
vehicles and diesel cars in several countries.
Some Key
Players operating in the global automotive crankshaft market
are ThyssenKrupp Crankshaft Company LLC, NSI Crankshaft, Bharat Forge
Ltd, and Amtek Auto Ltd. The research report studies the unique
factors such as management styles, financial overview, investment
outlook, research and development activities, strategic mergers and
acquisitions, business and marketing plans, and expansion ideas of
these top players for the coming years. Additionally, the research
report also provides a detailed understanding of the competitive
landscape of the global automotive crankshaft market to its readers.
About Us :
Transparency Market
Research (TMR) is a global market intelligence company providing
business information reports and services. The company’s exclusive
blend of quantitative forecasting and trend analysis provides
forward-looking insight for thousands of decision makers. TMR’s
experienced team of analysts, researchers, and consultants use
proprietary data sources and various tools and techniques to gather
and analyze information.
TMR’s data
repository is continuously updated and revised by a team of research
experts so that it always reflects the latest trends and information.
With extensive research and analysis capabilities, Transparency
Market Research employs rigorous primary and secondary research
techniques to develop distinctive data sets and research material for
business reports.
No comments:
Post a Comment