Global Automotive Crankshaft Market to Grow at a CAGR of 4.83% During the Period 2017 – 2021; Finds New Report

Lewes, DE — (PRESS RELEASE JET) — 10/31/2017 — Report forecast the global automotive crankshaft market to grow at a CAGR of 4.83% during the period 2017-2021.

Crankshafts are used to convert the reciprocating motion of the pistons to the rotatory motion and provide power to the flywheel which further spins the wheels. Mainly there are three types of crankshafts according to manufacturing processes such as forged steel crankshafts, cast iron/steel crankshafts, and machined billet crankshafts which are used in different areas such as passenger vehicles, and commercial vehicles.

The report covers the present scenario and the growth prospects of the global automotive crankshaft market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:
– Americas
– APAC
– EMEA

According to the report, one driver in the market is decline in steel prices. Typically, an automotive crankshaft is made from forging steel or cast iron. Steel is tougher than iron and retains its physical properties at high temperatures. Due to steel’s enhanced performance in compression, tension, and shear, it is preferred over cast iron for manufacturing automotive crankshafts. This is due to its crystalline structure and lesser carbon content. While cast iron has around 4% of carbon by weight, steel only has 0.02%-1.7%. Changing the carbon content can change the properties, such as hardness, ductility, and strength.

Further, the report states that one challenge in the market is increase in demand/adoption of electric vehicles. The demand for electric vehicles (EVs) is increasing rapidly around the world. Governments are working to develop and offer various programs and initiatives for new energy vehicles. EVs are one of the most commercially available alternatives to conventional gasoline or diesel vehicles. OEMs are manufacturing high-end EV models to capture the high potential EV market. Tesla Motors launched the new Tesla Model 3 in July 2017 as an affordable car in two variants priced at $35,000 and $44,000 while BMW has its luxury EVs, i3, and i8.

Global Automotive Crankshaft Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global automotive crankshaft market: Arrow Precision, Maschinenfabrik ALFING Kessler, Rheinmetall, NSI Crankshaft, Sandvik, TIANRUN CRANKSHAFT, and Thyssenkrupp.

Other Prominent Vendors in the market are: Bharat Forge, Crower Cams & Equipment, Farndon Engineering, Kellogg Crankshaft Company, Liaoning, Lunati, and Winberg Crankshafts.

Market driver
– Decline in steel prices
– For a full, detailed list, view our report

Market challenge
– Increase in demand/adoption of electric vehicles
– For a full, detailed list, view our report

Market trend
– Fillet hardening of crankshaft
– For a full, detailed list, view our report

Key questions answered in this report
– What will the market size be in 2021 and what will the growth rate be?
– What are the key market trends?
– What is driving this market?
– What are the challenges to market growth?
– Who are the key vendors in this market space?

Spanning over 78 pages “Global Automotive Crankshaft Market 2017 – 2021” report covers Executive summary, Scope of the report, Research Methodology, Introduction, Market landscape, Market segmentation by manufacturing process, Geographical segmentation, Decision framework, Drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

Please visit this link for more details: https://www.marketresearchreports.com/technavio/global-automotive-crankshaft-market-2017-2021

For related reports please visit: Automotive Crankshaft Market Research Reports

Find all Automotive Reports at: https://www.marketresearchreports.com/automotive

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About the Author: Carrie Brunner

Carrie Brunner grew up in a small town in northern New Brunswick. She studied chemistry in college, graduated, and married her husband one month later. They were then blessed with two baby boys within the first four years of marriage. Having babies gave their family a desire to return to the old paths – to nourish their family with traditional, homegrown foods; rid their home of toxic chemicals and petroleum products; and give their boys a chance to know a simple, sustainable way of life. They are currently building a homestead from scratch on two little acres in central Texas. There’s a lot to be done to become somewhat self-sufficient, but they are debt-free and get to spend their days living this simple, good life together with their five young children. Carrie writes mostly on provincial stories.
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