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Automotive Crankshaft Market 2023 - By Size, Share, Trends, Top Manufacturers, Growth And Research Report 2032
Automotive Crankshaft Market
The Business Research Company's Automotive Crankshaft Global Market Report 2023 identifies adoption of new emission standards as the major driver for the Automotive Crankshaft market's growth in the forecast period. 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.
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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Major competitors in the Automotive Crankshaft market are Arrow Precision Ltd., Maschinenfabrik ALFING Kessler GMBH, Nippon Steel Integrated Crankshaft LLC, Tianrun Crankshaft Co. Ltd.
A key trend in the Automotive Crankshaft market includes technological innovation. Major companies operating in the automotive crankshaft sector are focused on developing new technological solutions and developing crankshafts with advanced technologies to reinforce their position. For instance, in March 2020, Honda, a Japan-based manufacturer of motorcycles, automobiles, and power equipment, designed a 3D printed crankshaft with 3D printing technology to reduce environmental impact through innovative manufacturing techniques and smart designs. The 3D printed crankshaft is more fuel-efficient and lighter with a 50% reduction in weight.
Read More On The Global Automotive Crankshaft Market Report Here:
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The Automotive Crankshaft market is segmented -
• 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.
The Business Research Company's "Global Automotive Crankshaft Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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
…………………………..
26. Africa Automotive Crankshaft Market
27. Automotive Crankshaft Market Competitive Landscape And Company Profiles
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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