Automotive Crankshaft Market Analysis 2021 Development Trends And Regional Outlook
Automotive crankshaft is a mechanical part which is converts reciprocating motion of piston in combustion chamber to rotational motion. Modern automobiles use billet crankshafts with properties like reduced weight to improve efficiency and suppress losses, perfectly balance, reducing friction and vibration. Crankshafts are mainly manufactured from steel or medium carbon steel which are forged and machined using lathe operations and are given micro finishing.
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This report examines the global automotive crankshaft market and provides information regarding the revenue (USD Million) for the period 2014 to 2021. It further elaborates the market drivers which contribute to the growth. It then describes the restraints that are faced by the market. The market is classified into various segments with deep analysis of each segment for the study period.
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A. Drivers :
1. Growth of automotive sector in emerging markets
2. Increasing demand of performance engines
B. Restraints :
1. High cost of billet crankshaft
2. High R&D expenditure
Market Report Analysis :
Automotive Crankshaft Market attractiveness analysis has been included in order to analyze the application segments that are estimated to be lucrative during the forecast period on the basis of their market size and growth rate. Attractiveness of the market has been derived from market size, profit margin, growth rate, and availability of raw materials, competition, and other factors such as social and legal constraints. The study provides forecast and estimates market for each vehicle type in terms of revenue and volume during the forecast period from 2015 to 2021. Each vehicle type has been further analyzed based on regional and country levels from 2014 to 2021 in terms of volume and revenue.
Best Region Of Markets :
In terms of geography, the automotive crankshaft market has been segmented into regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The study provides a detailed view of country-level aspects of the market on the basis of application segments and estimates the market in terms of revenue and volume during the forecast period.
SEGMENTATIONS IN REPORT :
A. Automotive Crankshaft Market by Vehicle Type :
1. Heavy Commercial Vehicle
2. Light Commercial Vehicle
3. Passenger Vehicle
B. Automotive Crankshaft Market by Crankshaft Type :
1. Flat Plane
2. Cross Plane
C. Automotive Crankshaft Market by Crankshaft Material :
1. Cast Iron
2. Forged Steel
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Automotive steering system is an arrangement of inter linked gears called pinion and worm by which reciprocating motion is obtained using rotational motion i.e. through means of steering wheel which enables the automobile to take turns on curvy roads.