Global Automotive Crankshaft Market 2021-2025
Technavio has been monitoring the automotive crankshaft market and it is poised to grow by 11.27 million units during 2021-2025, progressing at a CAGR of almost 3% during the forecast period. Our report on automotive crankshaft market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the adoption of new emission standards, use of economic alloys such as vanadium microalloyed steel, and the production shift to low-cost countries. In addition, the adoption of new emission standards is anticipated to boost the growth of the market as well.
The automotive crankshaft market analysis includes material segment and geographic landscape.
Technavio's automotive crankshaft market is segmented as below:
- Forged steel
- Cast iron/steel
- Machined billet
By Geographical Landscape
- North America
- South America
This study identifies the fillet hardening of crankshafts as one of the prime reasons driving the automotive crankshaft market growth during the next few years. Also, lightweight crankshafts for performance segment vehicles and the increasing popularity of additive manufacturing in the automotive industry will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on automotive crankshaft market covers the following areas:
- Automotive crankshaft market sizing
- Automotive crankshaft market forecast
- Automotive crankshaft market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive crankshaft market vendors that include Arrow Precision Ltd., CIE Automotive SA, Crower Cams & Equipment Co. Inc., Farndon Engineering Ltd., Kalyani Group, Maschinenfabrik ALFING Kessler GmbH, Metalyst Forgings Ltd., Nippon Steel Corp., thyssenkrupp AG, and Tianrun Crankshaft Co. Ltd. Also, the automotive crankshaft market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.