research analysis of “Automotive Crankshaft Market: Global Demand Analysis & Opportunity Outlook 2033” by Research Nester delivers an in-depth competitors analysis and a detailed overview of the global automotive crankshaft market in terms of market segmentation by vehicle type, type, crankshaft material, and by region over the forecast period, i.e., 2023-2033.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the global automotive crankshaft market. These analyses help organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future. Additionally, the growth opportunities exposed by the market is poised to gain significant momentum in the next few years.
Automotive crankshaft market to find numerous growth opportunities on the back of upsurge in exports of crankshaft around the world, finds Research Nester
The global automotive crankshaft market is estimated to grow majorly on account of the rising exports of auto components globally. The export of auto components from India is estimated to reach USD 29 billion by 2026. A USD 190 billion revenue is expected from the automotive components industry by 2026. Furthermore, the increasing demand for high performance vehicles with high performance engines, consumer lifestyle changes that led to a demand for better products, and an increase in disposable income is anticipated to fuel market growth in coming years.
The global automotive crankshaft market is segmented on the basis of vehicle type into commercial vehicles, luxury vehicles, passenger vehicles, multi utility vehicles, and others. The passenger vehicles segment is to garner the highest revenue by the end of 2033 by growing at a significant CAGR over the forecast period backed by the rising number of passenger vehicle exports. The number of passenger vehicles exported from April 2021 to March 2022 increased from 403,390 to 570,870. In addition, urbanization and the growing purchasing power of middle-class families are predicted to boost segment growth.
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By region, the Asia Pacific automotive crankshaft market is to generate the highest revenue by the end of 2033. This growth is anticipated by Asian consumers' increasing disposable incomes, which is increasing their purchasing power. Chinese citizens' disposable income peaked at USD 5,200 in 2021, an increase of 9% from 2020. Additionally, the rapid urbanization of developing countries as well as government initiatives for industrialization are expected to drive the regional market over the forecast period.
The research is global in nature and covers detailed analysis on the automotive crankshaft market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising of global automotive crankshaft market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
This report also provides the existing competitive scenario of some of the key players of the global automotive crankshaft market which includes company profiling of Thyssenkrupp Crankshaft Company LLC, NSI Crankshaft, Bryant Racing Inc., Arrow Precision, Maschinenfabrik ALFING KESSLER GmBH, Ciguenales Sanz SL, Tianrun Crankshaft co. ltd., Mahindra CIE Automotive, NSI Crankshaft, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global automotive crankshaft market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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