Press release
Global Automotive Crankshaft Market 2023-2032 : Demand, Trend, Segmentation, Forecast, Overview And Top Companies Include Arrow Precision Ltd., Maschinenfabrik ALFING Kessler GMBH, Nippon Steel Integrated Crankshaft LLC, Tianrun Crankshaft Co. Ltd.
Automotive Crankshaft Global Market
Automotive Crankshaft Market Size, Growth Rate, And Forecast
The global automotive crankshaft market size grew from $4.47 billion in 2022 to $4.7 billion in 2023 at a compound annual growth rate (CAGR) of 5.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The automotive crankshaft market size is expected to grow to $5.64 billion in 2027 at a CAGR of 4.7%.
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Automotive Crankshaft Market Drivers
The adoption of new emission standards is significantly contributing to the growth of the automotive crankshaft market. The regulatory bodies of various countries are coming up with new emission guidelines to reduce pollution. The imposed mandatory emission control is directing automotive crankshaft manufacturers to manufacture more optimised crankshafts to fulfil production demand as it is a vital component of the internal combustion engine that is directly linked to emissions.
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Automotive Crankshaft Market Segments
• By Type: Flat Plane, Cross Plane
• By Material: Forged Iron Or Steel, Cast Iron Or Steel, Other Materials
• By Vehicle Type: Heavy Commercial Vehicles, Light Commercial Vehicles, Luxury Vehicles, Passenger Vehicles, Sport Utility Vehicles, Multi Utility Vehicles, Other Vehicle Types
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Europe was the largest region in the Automotive Crankshaft market.
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Automotive Crankshaft Market Key Players
Major competitors in the Automotive Crankshaft market include Arrow Precision Ltd., Maschinenfabrik ALFING Kessler GMBH, Nippon Steel Integrated Crankshaft LLC, Tianrun Crankshaft Co. Ltd., ThyssenKrupp AG, Bharat Forge Limited, Crower Cams & Equipment Co Inc
The Business Research Company's "Global Automotive Crankshaft Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Automotive Crankshaft Market Include:
1. Executive Summary
2. Automotive Crankshaft Market Characteristics
3. Automotive Crankshaft Market Trends And Strategies
4. Automotive Crankshaft Market - Macro Economic Scenario
5. Automotive Crankshaft Market Size And Growth
……….
28. Key Mergers And Acquisitions In The Automotive Crankshaft Market
29. Automotive Crankshaft Market Future Outlook and Potential Analysis
30. Appendix
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