This market research report provides a comprehensive analysis of the global automotive crankshaft market by manufacturing process (forged steel, cast iron/steel, and machined billet). It outlines the market shares for key regions such as the Americas, APAC, and EMEA. It outlines the key drivers, trends, and challenges along with their impact on this market. The key vendors analyzed in this report are Arrow Precision, Maschinenfabrik ALFING Kessler, NSI Crankshaft, Tainrun, ThyssenKrupp.
Technavio’s market research analysts estimate the global automotive crankshaft market, to grow at a CAGR of around 4% between 2016 and 2020. The global automotive crankshaft market is directly proportional to the growth of the automotive vehicle market. More is the production of vehicles, greater is the demand for crankshafts. APAC dominates the global automotive crankshaft market, accounting for 52% of the overall market share. This region has some of the largest and fastest-growing automotive markets such as China, India, Thailand, Indonesia, and South Korea, and is a prime offshore location for automotive manufacturing.
The new market research report from Technavio provides a breakdown and analysis of the automotive crankshaft segments by technology.
“The shift in focus to high-performance crankshafts has encouraged manufacturers to focus on forged crankshafts, in which they use high-grade alloy steels that offer greater strength and more potential to handle power. The manufacturers are using CNC technologies to manufacture crankshafts with great precision, generally for medium and high-end racing engines. Crankshafts are made lighter and smaller while the use of flat plane crankshafts is increasing because these are lighter and smaller compared to cross-plane crankshafts,” says Siddarth Jaiswal, Lead Analyst, Automotive, Technavio Research.
The forged steel segment is expected to be the fastest-growing segment in the crankshaft market by 2020, occupying more than 47% of the overall market share. Forged crankshafts are lighter, stronger, and achieve better shape because of the machining processes involved. These shafts are lighter and can revolve faster and perform better. Forged crankshafts are mechanically stronger, can withstand such pressure, and are less prone to the forces of wear and tear. As a result, forged cranks are preferred in diesel engines and high-performance vehicles. The increased demand for diesel engine vehicles, high-performance engines, and the benefits of using forged crankshafts power is anticipated to aid the growth of this segment.
The leading vendors in the global automotive crankshaft market are Arrow Precision, Maschinenfabrik ALFING Kessler, NSI Crankshaft, Tainrun, ThyssenKrupp. The market is moderately competitive. The market has a limited number of well-established vendors. Key vendors in the market are currently growing their customer base and are increasing their investments in R&D. The competitive environment in the market is anticipated to intensify further with advances in technology
A more detailed analysis is available in the Technavio report, Global Automotive Crankshaft Market 2016-2020.
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