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Transparency Market Research Global Automotive Crankshaft Market to Reach US$3 bn by 2021
Published Date 2015-06-25
72 Page Report
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Automotive Crankshaft Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021 Transparency Market Research State Tower, 90, State Street, Suite 700. Albany, NY 12207 United States www.transparencymarketresearch.com sales@transparencymarketresearch.com
Automotive Crankshaft 2016
REPORT DESCRIPTION
Automotive Crankshaft Market Transparency Market Research (TMR) has recently published a market study on the global automotive crankshaft market, estimating the market to expand at a CAGR of 2.10% during the period from 2015 to 2021 and reach a market value of US$3 bn by the end of the forecast period.The research report, titled “Automotive Crankshaft Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021�, states that worldwide automotive crankshaft market stood at US$2.5 bn in 2014. The Global Automotive Crankshaft Market has been covered under the scope of this report. The rising demand for automobiles globally and the demand for high end performance vehicles has propelled the growth of companies which manufacturer’s automotive crankshafts. Crankshaft is a core element of an engine; it converts the linear motion of the pistons to rotational motion to power the wheels. These components are highly used in automobiles, industrial applications, communication sector and printer & imaging devices among others. Global automotive crankshaft market is primarily driven by the growth in demand of automotive sector in emerging markets and increasing demand for performance engines. Automotive sectors are witnessing high demand for automotive crankshafts in developing countries such as China, India, and others. The market in these regions are mainly driven by large spending for heavy commercial vehicles and demand for high end luxury vehicles. Considering all these positive impacts, demand for automotive crankshaft is set to rise during the forecast periodfrom 2015 to 2021. The global automotive crankshaft market has been broadly segmented into four regions, North America, Europe, Asia Pacific and RoW (Rest of the World). In terms of revenue, Europe held the largest share of the market in 2014 followed by North America. Increasing purchasing power of the consumers is also driving the market for automotive crankshaft. In addition, the increasing vehicle production in all regions of the world is also influencing the demand for the automotive crankshaft market. Machined crankshaft is becoming largely popular in the automotive crankshaft market because they are perfectly balanced, thus they are used in high end sports carst. The major concern of the industry is the huge capital that is required for research and development of crankshaft, which increases the price of the automotive crankshaft considerably.
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Automotive Crankshaft 2016
Get FREE Sample PDF file of Automotive Crankshaft Market : http://www.transparencymarketresearch.com/sample/sample.php? flag=S&rep_id=4976 The global automotive crankshaft market, by vehicle types is bifurcated into six segments such as Heavy Commercial Vehicle, Light Commercial Vehicle, Passenger Vehicles, Sports Utility Vehicles, Multi Utility Vehicles and others.. Analysts expect these regional markets to exhibit a stable growth throughout the forecast period. It is, however, the automotive crankshaft market in Asia Pacific, which is likely to witness the highest growth in the coming years owing to the rapid rise in the automotive industry fueled by the increased affluence of consumers in this region.The growth in vehicle production in Rest of the World is also projected to support the automotive crankshaft market during the forecast period, notes the study.Bharat Forge, Amtek Auto, ThyssenKrupp, Mahindra CIE Automotive, NSI Crankshaft, Cigue単ales Sanz SL, Bryant Racing, Maschinenfabrik ALFING KESSLER, Arrow Precision, and Tianrun Crankshaft are the Key players functioning is the global automotive crankshaft market, states the market report. About Us Transparency Market Research is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forwardlooking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
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Automotive Crankshaft 2016
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