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Rapidly Expanding Automotive Collision Repair Market: A CAGR of 5.7%, Key Drivers and Emerging Trends
Automotive Collision Repair Market
Taking the Pole Position: Automotive Crankshaft Market Gears up for Accelerated Growth
What Is The Projected Market Size Of The Global Automotive Crankshaft Market And Its Growth Rate?
The global automotive crankshaft market has witnessed impressive growth in recent years. The market milestones include:
•2024 Market Size: $4.7 billion
•2025 Market Size: $4.83 billion (2.7% CAGR)
•2029 projected Market Size: $5.81 billion (4.7% CAGR)
This growth is mainly attributed to increasing demand for automobiles, industrialization, evolving automotive design, and a shift towards eco-friendly vehicles and high-performance vehicles.
What Is Driving The Growth In The Automotive Crankshaft Market?
The stringent emission standards and regulations enforced by several countries are significantly driving the growth of the automotive crankshaft market. Governments are imposing new emission guidelines, directing automotive crankshaft manufacturers to design more efficient products as they are vital components linked directly to vehicular emissions. The Indian government, for instance, made it mandatory from April 2020 for vehicles to adhere to BS-VI emission standards. Such regulations are expected to spur the growth of the automotive crankshaft market further.
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Who Are the Key Players Driving Automotive Crankshaft Market Growth?
Significant players contributing to the growth of 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 Ltd.
•Crower Cams & Equipment Co. Inc.
•Kellogg Crankshaft Company
•Amtek Group
•Mahindra CIE Automotive Ltd.
What Are The Key Trends In The Automotive Crankshaft Market?
Key trends influencing the market include:
•Adoption of lightweight materials
•Growing emphasis on a circular economy
•Use of 3D printing in manufacturing
•Increased use of data analytics in design
•Emphasis on energy-efficient solutions
What Are The Segments Of The Global Automotive Crankshaft Market?
The global automotive crankshaft market is segmented by:
1) Type: Flat Plane, Cross Plane
2) Material: Forged Iron Or Steel, Cast Iron Or Steel, Other Materials
3) Vehicle Type: Heavy Commercial Vehicles, Light Commercial Vehicles, Luxury Vehicles, Passenger Vehicles, Sport Utility Vehicles, Multi Utility Vehicles, Other Vehicle Types
Which Region Leads The Automotive Crankshaft Market?
Europe was the largest contributor to the automotive crankshaft market in 2024. The regions explored in the market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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What Is Covered In The Automotive Crankshaft Market Global Market Report?
• Market Size Analysis: Analyze the Automotive Crankshaft Market size by key regions, countries, product types, and applications.
• Market Segmentation Analysis: Identify various subsegments within the Automotive Crankshaft Market for effective categorization.
• Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
• Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
• Market Contribution: Evaluate contributions of different segments to the overall Automotive Crankshaft Market growth.
• Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
• Industry Challenges: Analyze challenges and risks affecting the Automotive Crankshaft Market.
• Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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