Transparency Market Research has published a new report "Automotive Crankshaft Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021" to its report store.
Albany, NY -- (SBWIRE) -- 08/05/2015 -- 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.
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Exponential growth of the automobile sector in the recent years has positively supported the growth of the automotive crankshaft market globally. Growth of automotive sector in the emerging markets and increasing demand of high end performance cars are driving the market of automotive crankshaft.
By types, passenger vehicle segment held the largest market share in the automotive crankshaft market in the year 2014 because of the emerging middle class and their preference shifting towards passenger vehicles. The affordability of passenger vehicles due to the rise in disposable income of the people, is a major reason driving the growth of the passenger vehicle segment.
Among the two crankshaft types, flat plane crankshaft held the largest market share in 2014. Increasing demand for machined crankshaft as they are used n high end sports cars is fueling the demand for automotive crankshaft across the world. In addition, increasing demand for heavy commercial vehicle and diesel cars in various countries is the major factor driving the growth of forged steel crankshaft.
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In 2014, Europe held the largest market share in the automotive crankshaft market. Asia Pacific is expected to witness highest growth because of the increasing production of vehicles and high purchasing power of the consumers. North America and Europe is expected to witness stable growth during the forecast period.
Bhatat Forge Ltd (India), Amtek Auto Ltd. (India), ThyssenKrupp Crankshaft Company LLC (U.S.A) and NSI Crankshaft (U.S.A) among others are some of the key players in the automotive crankshaft market. The market has been segmented as follows:
Automotive Crankshaft Market: By Geography
Rest Of Europe
Rest Of Asia Pacific
Rest of the World
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The report provides a cross-sectional analysis of all the below mentioned segments with respect to the above mentioned regions.
Automotive Crankshaft Market: By Vehicle Type
Heavy Commercial Vehicle (HCV)
Light Commercial Vehicle (LCV)
Sports Utility Vehicle (SUV)
Multi Utility Vehicle (MUV)
Automotive Crankshaft Market: By Crankshaft type
Automotive Crankshaft Market: By Crankshaft material
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