Press release
Automotive Crankshaft Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast - 2022 to 2028
The global automotive crankshaft market is anticipated to grow at a moderate CAGR of 2.1% during the forecast period (2022-2028). The rise in the heavy demand for luxury vehicles and commercial vehicles along with other passenger vehicles is anticipated to drive the growth of the market. For instance, Rolls-Royce CEO Torsten Muller Otvos stated that the company had sold 5,586 vehicles to customers in more than 50 countries during the COVID-19 pandemic. Further Bentley, a unit of Volkswagen AG stated that the company has recorded a global sales of 31.0% for high-end vehicles in 2021, whereas BMW stated that the company had achieved sales of 2.2 million vehicles in 2021.A full report of Automotive Crankshaft Market is available at:https://orionmarketreports.com/automotive-crankshaft-market/102838/
The presence of major players coupled with their innovative crankshaft solutions using new-age technologies is anticipated to drive the growth of the market. For instance, in March 2020, Honda developed a 3D-printed automotive crankshaft. This crankshaft is made from metal, designed to reduce the weight of the vehicle to improve the overall fuel efficiency. The development is aimed at scaling up its production in the forthcoming years. Similarly, in February 2021, BMW introduced its high-performance cars, M3 and M4, which are equipped with the company's naturally aspirated engines. The core of these engines is the crankshaft forged from chrome molybdenum treated steel with its crankips attached to move the bearings smoothly. Thus, such innovations are anticipated to fuel the demand for the global automotive crankshaft market.
Market Coverage
The market number available for - 2021-2028
Base year- 2021
Forecast period- 2022-2028
Segment Covered-
By Material
By Type
By Vehicle Type
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- Arrow Precision Ltd., Braynt Racing Inc., and ThyssenKrupp AG among others
Key questions addressed by the report
What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How has COVID-19 impacted the market?
Deviation from the pre-COVID-19 forecast
Most affected region and segment
Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?
Global Automotive Crankshaft Market Report by Segment
By Material
Cast Iron
Forged Steel
Carbon Steel Alloys
Others
By Type
Flat Plane
Cross Plane
By Vehicle Type
Heavy Commercial Vehicles
Light Commercial Vehicles
Luxury Vehicles
Passenger Vehicles
Sport Utility Vehicles
Multi Utility Vehicles
Others
Media Contact:
Company Name: Orion Market Reports
Contact Person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +91 780-304-0404
About Us:
Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.
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