Press release
Automotive Crankshaft Market is expected to reach USD 4.94 Billion by 2030 : Cognitive Market Research
Automotive Crankshaft Market is expected to reach USD 4.94 Billion by 2030 : Cognitive Market Research
- An automobile crankshaft is a mechanical part that converts the reciprocating motion of the engine's pistons into rotational motion. It is an integral part of the engine and plays an important role in its operation. Crankshafts are made of forged steel and have an intricate design that includes journals, counterweights, and throws. The crankshaft design is critical to engine performance and efficiency, and automotive engineers put a lot of effort into optimizing designs to achieve desired performance characteristics.
Summary:
• Global Automotive Crankshaft Market Size Was Valued at USD 3.98 Billion In 2022 And is Expected to Grow at a CAGR Of 2.76 % During the Forecast Period, Reaching USD 4.94 Billion By 2030
• North America is accounted for the largest share of the automotive crankshaft market.
"To know more about The Automotive Crankshaft Market statistics click here: https://www.cognitivemarketresearch.com/automotive-crankshaft-market-report
What are the driving factors for the automotive crankshaft market?
- Growing demand for vehicles is the main driving factor contributing to the growth of the global automotive crankshaft market during the forecast period. Automotive The design of the crankshaft is important to the performance and efficiency of the engine, and automotive engineers put significant effort into optimizing its design to achieve higher performance characteristics. Additionally, advancement in engine technology has driven market growth over the forecast period.
However, fluctuations in raw material prices, such as steel can impact the cost of manufacturing crankshafts. It may obstruct the growth of the global automotive crankshaft market in near future. Further, the development of new types of electric motors may also create new opportunities for the production of specialized crankshafts. This is expected to create great opportunities for the market during the forecast period.
Market Segmentation:
Product Segmentation Analysis
• Forged steel
• Cast iron/steel
• Machined billet
The forged steel segment is a major revenue contributor in terms of product, as forged steel is a frequently used material for manufacturing automotive crankshafts. The process of forging steel results in a material with excellent strength and toughness, making it ideal for use in critical engine components such as crankshafts.
Application Segmentation Analysis
• Passenger car
• Buses & coaches
• HCV
• LCV
The passenger car segment is growing at the highest CAGR in terms of revenue share in 2022 owing to the increasing sales for passenger cars since the demand for automotive crankshafts is also expected to grow. As more people buy passenger cars, the demand for automotive components, including crankshafts, is likely to increase.
The Major Players in Automotive Crankshaft Market are:
ThyssenKrupp Crankshaft Company, Bryant Racing, NSI Crankshaft, Arrow Precision, Maschinenfabrik ALFING Kessler, Ciguenales Sanz, Ciguenales Sanz, NIPPON STEEL & SUMITOMO METAL, Bharat Forge, Darcast, Halberg, Aichi Steel, Riken, Teksid, Yuchai, Mahindra CIE Automotive, Bhatar Forge, Amtek Auto
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Regional Analysis:
- North America is expected to dominate the automotive crankshaft market during the forecast period.
As per CMR analysis, North America accounted for relatively the largest share of the automotive crankshaft market during the forecast period. The market growth is significantly growing in the region due to the large presence of the automotive industry and higher demand for vehicles. Additionally, the automotive crankshaft market is also driven by the increasing demand for fuel-efficient and low-emission vehicles. The region has strict emissions regulations, forcing manufacturers to develop more efficient engines. This creates a demand for special crankshafts that can withstand the higher pressures and loads associated with more efficient engines.
Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of the Automotive Crankshaft Market
Chapter 4 Global Automotive Crankshaft Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
• 5.1 Global Automotive Crankshaft Market Revenue and Share by Manufacturers (2018-2022)
• 5.2 Global Automotive Crankshaft Industry Mergers and Acquisition Analysis
• 5.3 Global Automotive Crankshaft New Launches Analysis
• 5.4 Company Categorization
• 5.5 Global Automotive Crankshaft Top Winning Strategies, by Manufacturers (2018-2022)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Automotive Crankshaft Market by Product Segmentation Analysis (2018-2030)
Chapter 10 Global Automotive Crankshaft Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Automotive Crankshaft Market Regional Analysis
Chapter 12 North America Automotive Crankshaft Market Outlook (2018 - 2030)
Chapter 13 Europe Automotive Crankshaft Market Outlook (2018 - 2030)
Chapter 14 Asia Pacific Automotive Crankshaft Market Outlook (2018 - 2030)
Chapter 15 Latin America Automotive Crankshaft Market Outlook (2018 - 2030)
Chapter 16 Middle East and Africa Automotive Crankshaft Market Outlook (2018 - 2030)
Chapter 17 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more Automotive Crankshaft Market TOC click here: https://www.cognitivemarketresearch.com/automotive-crankshaft-market-report#table_of_contents
Related report
• Passenger cars market - https://www.cognitivemarketresearch.com/passenger-cars-market-report
• Automotive components market - https://www.cognitivemarketresearch.com/automotive-components-market-report
• Pressure Ball valves market - https://www.cognitivemarketresearch.com/pressure-ball-valves-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operating across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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