Transparency Market
Research (TMR) has recently published a market study on the global
automotive crankshaft market, estimating the market to expand at a
CAGR of 2.10% during the period from 2015 to 2021 and reach a market
value of US$3 bn by the end of the forecast period.The research
report, titled “Automotive Crankshaft Market - Global Industry
Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021”,
states that worldwide automotive crankshaft market stood at US$2.5 bn
in 2014.
The Global
Automotive
Crankshaft
Market
has been covered under the scope of this report. The rising demand
for automobiles globally and the demand for high end performance
vehicles has propelled the growth of companies which manufacturer’s
automotive crankshafts. Crankshaft is a core element of an engine; it
converts the linear motion of the pistons to rotational motion to
power the wheels. These components are highly used in automobiles,
industrial applications, communication sector and printer &
imaging devices among others.
Global automotive
crankshaft market is primarily driven by the growth in demand of
automotive sector in emerging markets and increasing demand for
performance engines. Automotive sectors are witnessing high demand
for automotive crankshafts in developing countries such as China,
India, and others. The market in these regions are mainly driven by
large spending for heavy commercial vehicles and demand for high end
luxury vehicles. Considering all these positive impacts, demand for
automotive crankshaft is set to rise during the forecast periodfrom
2015 to 2021.
The global
automotive crankshaft market has been broadly segmented into four
regions, North America, Europe, Asia Pacific and RoW (Rest of the
World). In terms of revenue, Europe held the largest share of the
market in 2014 followed by North America. Increasing purchasing power
of the consumers is also driving the market for automotive
crankshaft. In addition, the increasing vehicle production in all
regions of the world is also influencing the demand for the
automotive crankshaft market. Machined crankshaft is becoming largely
popular in the automotive crankshaft market because they are
perfectly balanced, thus they are used in high end sports carst. The
major concern of the industry is the huge capital that is required
for research and development of crankshaft, which increases the price
of the automotive crankshaft considerably.
Get FREE Sample
PDF file of Automotive Crankshaft Market :
The global
automotive crankshaft market, by vehicle types is bifurcated into six
segments such as Heavy Commercial Vehicle, Light Commercial
Vehicle, Passenger Vehicles, Sports Utility Vehicles, Multi Utility
Vehicles and others..
Analysts expect
these regional markets to exhibit a stable growth throughout the
forecast period. It is, however, the automotive crankshaft market in
Asia Pacific, which is likely to witness the highest growth in the
coming years owing to the rapid rise in the automotive industry
fueled by the increased affluence of consumers in this region.The
growth in vehicle production in Rest of the World is also projected
to support the automotive crankshaft market during the forecast
period, notes the study.Bharat
Forge, Amtek Auto, ThyssenKrupp, Mahindra CIE Automotive, NSI
Crankshaft, Cigueñales Sanz SL, Bryant Racing, Maschinenfabrik
ALFING KESSLER, Arrow Precision, and Tianrun Crankshaft
are the Key players functioning is the global
automotive crankshaft market, states the market report.
About Us :
Transparency Market
Research is a global market intelligence company, providing global
business information reports and services. Our exclusive blend of
quantitative forecasting and trends analysis provides forward-looking
insight for thousands of decision makers. Our experienced team of
Analysts, Researchers, and Consultants, use proprietary data sources
and various tools and techniques to gather, and analyze information.
No comments:
Post a Comment