Industry Background:
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
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | K Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Auto Parts & Equipment sector in the Europe region has been increasing at a sustainable 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.
Key Developments in the Market:
In October 2022, Continental Resources, Inc. Merged with Omega Acquisition, Inc., an Oklahoma corporation. Merger Sub is wholly owned by Harold G. Hamm, the founder of Continental Resources. This merger agreement signifies a significant development for Continental Resources and demonstrates the company's commitment to its future growth and strategic objectives.
Influencing Trend:
Growing Focus on Improving Fatigue Performance of Crankshaft by Hardening the Fillet Region
Market Growth Drivers:
Rise in Sales of Automotive Across Worldwide and Advancement in Crankshaft Manufacturing Technologies
Challenges:
Fluctuating Raw Materials Prices
Restraints:
Growing Market for Electric Vehicles
Opportunities:
Rising Disposable Income in Emerging Countries Leading to High Demand of Automotive
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Crankshaft Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Crankshaft Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols:
By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Crankshaft players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Crankshaft Study Sheds Light on
The Crankshaft Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Crankshaft industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Crankshaft industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.