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Automotive Crankshaft Market Outlook, Growth Revenue, Strategies By 2033
Automotive Crankshaft Market Outlook
As per the report, the automotive crankshaft market size has grown steadily in recent years. It will grow from $4.61 billion in 2023 to $4.77 billion in 2024 at a compound annual growth rate (CAGR) of 3.4%. The automotive crankshaft market size is expected to see steady growth in the next few years. It will grow to $5.57 billion in 2028 at a compound annual growth rate (CAGR) of 4.0%.
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New Emission Standards Driving Growth In The Automotive Crankshaft Market
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 optimized crankshafts to fulfil production demand as it is a vital component of the internal combustion engine that is directly linked to emissions. For instance, according to the Hindu Business Line, a financial and business daily newspaper, the Indian government made it mandatory to follow BS-VI guidelines for vehicles from April 2020 to reduce pollution drastically. Hence, the adoption of new emission standards is expected to propel the growth of the automotive crankshaft market going forward.
New Crankshafts To Fulfill The High Demand For This Aftermarket Product
Major companies operating in the automotive crankshaft market are launching new crankshafts to fulfill the high demand for this aftermarket product. Crankshaft is a specific product designed for use in a piston engine to convert the reciprocating motion of the piston into rotational motion. For instance, in September 2023, Monedero, a Spain-based provider of components and accessories for the automotive, launched the first version of the OM471LA crankshaft, fulfilling a significant demand in the aftermarket. Prior to this, no aftermarket company could provide an alternative to the original references that met customer requirements. The reference for the OM471LA crankshaft is 10011000051, which is equivalent to the original Mercedes Benz references: A4710300101, A47110300201, and A4710300401. Notably, the OM471LA crankshaft designed for Mercedes Benz and other relevant model applications.
The automotive crankshaft market covered in this report is segmented -
1) By Type: Flat Plane, Cross Plane
2) By Material: Forged Iron Or Steel, Cast Iron Or Steel, Other Materials
3) By Vehicle Type: Heavy Commercial Vehicles, Light Commercial Vehicles, Luxury Vehicles, Passenger Vehicles, Sport Utility Vehicles, Multi Utility Vehicles, Other Vehicle Types
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Major companies operating in the automotive crankshaft market report are Arrow Precision Ltd., Maschinenfabrik ALFING Kessler GMBH, Nippon Steel Integrated Crankshaft LLC, Tianrun Crankshaft Co. Ltd., ThyssenKrupp AG, Bharat Forge Ltd., Crower Cams & Equipment Co. Inc., Farndon Engineering Ltd., Chad Bryant Racing LLC, Ciguenales Sanz SL, Metalyst Forgings Ltd., CIE Automotive India Ltd., Kellogg Crankshaft Company, Amtek Group, Mahindra CIE Automotive Ltd., Rheinmetall AG, Sandvik AB, Mahle GmbH, Poole Construction Company Limited, Kalyani Group, TFO Tech Co Ltd., CTP Sinto America LLC, Cooper Corporation, BMV Precision Engineering, Balu Forge Industries Ltd., GKN plc, Kolbenschmidt Pierburg AG, Federal-Mogul LLC, Asahi Kasei Corporation, Daido Metal Company, Toyoda Koki Co Ltd., Miba AG, SNC Manufacturing Company Inc.
Contents of the report:
1. Executive Summary
2. Automotive Crankshaft Market Report Structure
3. Automotive Crankshaft Market Trends And Strategies
4. Automotive Crankshaft Market - Macro Economic Scenario
5. Automotive Crankshaft Market Size And Growth
…..
27. Automotive Crankshaft Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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