Automotive Crankshaft Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2021 : Transparency Market Research

According to a new market report published by Transparency Market Research “Automotive Crankshaft Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 - 2021,” the automotive crankshaft market was valued at USD 2,520.0 Million in 2014, which is expected to reach USD 2,920.0 Million by 2021, growing at a CAGR of 2.1% from 2015 to 2021. This research study analyzes the automotive crankshaft market on a global level and provides estimates in terms of revenue (USD) from 2015 to 2021. It gives a comprehensive overview of the automotive crankshaft industry from all the important aspects of the market. It recognizes the drivers and restraints affecting the industry and analyzes their impact over the forecast period. Moreover, it identifies the significant opportunities for market growth in the coming years.

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Crankshaft in automobile comprises of cast iron, forged steel and machined crankshaft. The function a crankshaft is to convert the linear motion of the piston to rotational motion, which in turn would power the wheels. Crankshaft can be of two designs; flat plane and cross plane. Flat plane crankshafts are much lighter but are imperfectly balanced. On the other hand cross plane crankshaft are perfectly balanced but are heavier than flat plane crankshafts.

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In the recent times, there has been an increasing interest among people for sports and luxury automobiles. In these kinds of vehicles a machined billet crankshaft are used as they are balanced perfectly and can withstand more force. In addition, the rising fuel prices has led the consumers for more fuel efficient cars and opting for diesel cars. Diesel cars require a forged steel crankshaft to bear the torque generated by the...