Transparency Market Research

Automotive Crankshaft Market Is Expected to Reach USD 2,920.0 Million in 2021: Transparency Market Research

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.

Browse the full Automotive Crankshaft Market Report @ :
http://www.transparencymarketresearch.com/automotive-crankshaft-market.html

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
North America
U.S.A
Canada
Mexico

Europe
Germany
U.K
Italy
France
Rest Of Europe

Asia Pacific
China
India
Japan
South Korea
Rest Of Asia Pacific

Rest of the World
South America
Middle East
Africa

Browse the full Automotive Crankshaft Market Press Release @ :
http://www.transparencymarketresearch.com/pressrelease/automotive-crankshaft-market.htm

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)
Passenger Vehicle
Sports Utility Vehicle (SUV)
Multi Utility Vehicle (MUV)
Others

Automotive Crankshaft Market: By Crankshaft type
Cross plane
Flat plane

Automotive Crankshaft Market: By Crankshaft material
Cast iron
Forged Steel
Others

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About Transparency Market Research
Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.