Latest Outlook On Automotive Crankshaft Market Trends 2019 | Market Segmentation, Business Outlook, Competitive Landscape, Industry Report to 2026 | Bharat Forge Ltd (India), Bryant Racing Inc. (U.S.), Tianrun Crankshaft Co.

Automotive Crankshaft Market Snapshot:

The global automotive crankshaft market accounted for USD 2.78 billion in 2018 and is expected to reach a value of USD 3.32 billion by 2026 with an anticipated CAGR of 2.25% during the forecast period, 2019–2026.

A crankshaft is a mechanical device used in an automotive engine; it helps in converting the piston’s linear motion to a rotary motion for motion power transmission. For any vehicle to move, a crankshaft serves as a critical link between the input and output power. While crankshafts find several applications such as in machinery and printing devices, they are most extensively used in the automotive industry such as in trucks, passenger cars, trains, and other automobiles.   

Industrialization, driven by the growing demand for automotive and other machinery, is expected to lead the growth of the global automotive crankshaft market during the forecast period. As reported by the World Bank, South Asia is a competitive leader in the automotive manufacturing sector. South Asian countries such as India, China, and others are growing exponentially in the automotive sector. According to IBEF, the Indian automobile industry is the fourth largest globally, with sales worth 4.02 million units in 2017. According to the World Bank, the world’s young population amounts to about 42% of the total population, which further outlines the growth outlook of the automotive sector.

The light commercial vehicles (LCVs) segment is expected to witness significant market growth due to infrastructure development projects, availability of vehicle financing schemes, and growth of e-commerce and logistics sectors. The implementation of emission standards alongside the increasing demand for CNG and electric vehicles is expected to drive market growth during the forecast period.

Flat pane and cross plane are the two segments by crankshaft type. Among the two segments, the flat plane crankshaft segment observes high demand. Flat plane crankshafts are simple in design, loud, and generate vibrations in the engine.

Forged iron/steel, cast iron/steel, and others are the materials used in automotive crankshafts. The forged steel segment is foreseen to witness substantial growth during the forecast period, given the remarkable properties of this material; forget steel crankshafts are stronger but more expensive. Forged steel crankshafts are used in diesel engines and exhibit high fatigue-strength.

India and China are observing rapid industrialization and urbanization, marking Asia Pacific as a leader in the global automotive crankshaft market. Government initiatives promoting industrialization are fostering the growth of the automotive crankshaft market. For instance, the ‘Make in India’ program is one of the key drivers favoring industrial activity in India. Lenient FDI policies and secure intellectual property for companies along with industry-friendly government policies, have stimulated cut-throat competition between the states of India to attract foreign direct investments in the manufacturing sector. India’s rise in the World Bank’s Ease of Doing Business rankings has ensured the country’s promising growth.

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The Major Prominent Players Covered in this Report:
Bharat Forge Ltd (India), Bryant Racing Inc. (U.S.), Tianrun Crankshaft Co., Ltd (China), NSI Crankshaft (U.S.), ThyssenKrupp Crankshaft Company LLC (U.S.), Arrow Precision (U.K.), Maschinenfabrik ALFING KESSLER GmbH (Germany), Ciguenales Sanz SL (Spain), and Mahindra CIE Automotive Ltd. (India). & More.

By Material
Forged Iron/Steel
Cast Iron/Steel
Others

Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Automotive Crankshaft in the APAC Region
Asia-Pacific region is anticipated to hold the largest market share in the global Automotive Crankshaft market during the forecast period 2019-2026. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of Automotive Crankshaft and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of Automotive Crankshaft. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.

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Key Questions Answered in The Report:
What will the Automotive Crankshaft market growth rate?
What are the key factors driving the global Automotive Crankshaft market?
Who are the key manufacturers in the Automotive Crankshaft market space?
What are the market opportunities, market risk, and market overview of the Automotive Crankshaft market?
What are sales, revenue, and price analysis of top manufacturers of the Automotive Crankshaft market?
Who are the distributors, traders, and dealers of the Automotive Crankshaft market?
What are the market opportunities and threats faced by the vendors in the global Steerable Medical Devices Industry?
What are sales, revenue, and price analysis by types and applications of the Automotive Crankshaft Industry?
What are sales, revenue, and price analysis by regions of Automotive Crankshaft industry?
What are the driving factors contributing to market growth during the short, medium, and long term?

Key Automotive Crankshaft Market Trends:
- The report identifies, determines, and forecasts the Global Automotive Crankshaft Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Automotive Crankshaft Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is Expected to Drive the Growth
- Rising Adoption of Market Segments in this Growth
- North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Automotive Crankshaft Market.

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