Crankshaft is a mechanical device which converts linear motion of piston into rotary motion in order to transmit the power. Also, it converts the rotational motion into reciprocating motion in reciprocating compressor. It provides a key link between input power and output powers. Growing demand for automotive sales across emerging countries are expected to drive the market.This growth is primarily driven by Rise in Sales of Automotive Across Worldwide and Advancement in Crankshaft Manufacturing Technologies.
Globally, a noticeable market trend is evident Growing Focus on Improving Fatigue Performance of Crankshaft by Hardening the Fillet Region. The Auto Parts & Equipment sector in the Europe region has been increasing at a strong rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as ThyssenKrupp [Germany], Maschinenfabrik Alfing Kessler [Germany], FEUER Powertrain [United States], Neue Halberg-Guss [Germany], Darcast [United Kingdom], Arrow Precision [United Kingdom], CIE Automotive [Spain], Teksid [Italy], Ellwood Crankshaft [United States], Atlas Industries [United States], NSI Crankshaft [United States], Kellogg Crankshaft [United States], Quimmco [Mexico], Metalart Corporation [Japan], Aichi Steel [Japan], Kakuta Iron Works [Japan], TFO [Japan], Zhejiang Sun Stock [China], Binzhou Head Crankshaft [China], Jiangsu Songlin [China] and Guilin Fuda [China] etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
- Rise in Sales of Automotive Across Worldwide
- Advancement in Crankshaft Manufacturing Technologies
- Growing Focus on Improving Fatigue Performance of Crankshaft by Hardening the Fillet Region
- Growing Market for Electric Vehicles
Rising Disposable Income in Emerging Countries Leading to High Demand of Automotive
Fluctuating Raw Materials Prices
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