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.
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The main function of a
crankshaft is the conversion of linear motion of the piston to
rotational motion, which would power the wheel. Crankshaft in
automobile comprises of cast iron, forged steel and machined
crankshaft. Crankshaft can be of two designs; flat plane and cross
plane. Flat plane crankshafts are much lighter but are imperfectly
balanced. On the other hand cross plane crankshaft are perfectly
balanced but are heavier than flat plane crankshafts.
Various types of crankshafts
are available depending upon the type of vehicle and its purpose.
According to the manufacturing process, there are two types of
crankshafts: flat plane, and cross plane. A flat plane crankshaft is
simple in design, produces loud noises and generates vibration in the
engine. A balancer shaft is required to balance a flat plane
crankshaft. Cross plane crankshafts on the other hand, are perfectly
balanced and are mostly used in V8 engines. Cross plane is a
crankshaft design for piston engines with a 90 degree angle between
the crank throws.
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 period from 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. The
increasing advancements in automotive engines have positively
impacted the demand for crankshafts in the region. Automotive
crankshafts are considered to be the heart of automobiles. Therefore,
the demand for automotive crankshafts is set to grow in the region
with the change in lifestyles and increasing purchasing power of the
consumers. 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 cars. 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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