Report forecast the global automotive
crankshaft market to grow at a CAGR of 4.83% during the period 2017-2021.
Crankshafts are used to convert the
reciprocating motion of the pistons to the rotatory motion and provide power to
the flywheel which further spins the wheels. Mainly there are three types of
crankshafts according to manufacturing processes such as forged steel
crankshafts, cast iron/steel crankshafts, and machined billet crankshafts which
are used in different areas such as passenger vehicles, and commercial
vehicles.
The report covers the present scenario and
the growth prospects of the global automotive crankshaft market for 2017-2021.
The report presents a detailed picture of the market by way of study,
synthesis, and summation of data from multiple sources.
The
market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
According to the report, one driver in the
market is decline in steel prices. Typically, an automotive crankshaft is made
from forging steel or cast iron. Steel is tougher than iron and retains its
physical properties at high temperatures. Due to steel's enhanced performance
in compression, tension, and shear, it is preferred over cast iron for
manufacturing automotive crankshafts. This is due to its crystalline structure
and lesser carbon content. While cast iron has around 4% of carbon by weight,
steel only has 0.02%-1.7%. Changing the carbon content can change the
properties, such as hardness, ductility, and strength.
Further, the report states that one
challenge in the market is increase in demand/adoption of electric vehicles.
The demand for electric vehicles (EVs) is increasing rapidly around the world.
Governments are working to develop and offer various programs and initiatives
for new energy vehicles. EVs are one of the most commercially available
alternatives to conventional gasoline or diesel vehicles. OEMs are
manufacturing high-end EV models to capture the high potential EV market. Tesla
Motors launched the new Tesla Model 3 in July 2017 as an affordable car in two
variants priced at $35,000 and $44,000 while BMW has its luxury EVs, i3, and
i8.
Global
Automotive Crankshaft Market 2017-2021, has been
prepared based on an in-depth market analysis with inputs from industry
experts. The report covers the market landscape and its growth prospects over
the coming years. The report also includes a discussion of the key vendors
operating in this market.
key players in the global automotive
crankshaft market: Arrow Precision, Maschinenfabrik ALFING Kessler,
Rheinmetall, NSI Crankshaft, Sandvik, TIANRUN CRANKSHAFT, and Thyssenkrupp.
Other Prominent Vendors in the market are:
Bharat Forge, Crower Cams & Equipment, Farndon Engineering, Kellogg
Crankshaft Company, Liaoning, Lunati, and Winberg Crankshafts.
Market
driver
- Decline in steel prices
- For a full, detailed list, view our report
Market
challenge
- Increase in demand/adoption of electric vehicles
- For a full, detailed list, view our report
Market
trend
- Fillet hardening of crankshaft
- For a full, detailed list, view our report
Key
questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
Spanning over 78 pages “Global
Automotive Crankshaft Market 2017 - 2021” report covers Executive
summary, Scope of the report, Research Methodology, Introduction, Market landscape,
Market segmentation by manufacturing process, Geographical segmentation,
Decision framework, Drivers and challenges, Market trends, Vendor landscape,
Key vendor analysis, Appendix.
Please visit this link for more details: http://mrr.cm/Uwg
For related reports please visit: Automotive Crankshaft Market Research Reports
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at: https://www.marketresearchreports.com/automotive
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