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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The global automotive crankshaft market, by vehicle types is bifurcated into six
segments such as Heavy Commercial Vehicle, Light Commercial Vehicle, Passenger
Vehicles, Sports Utility Vehicles, Multi Utility Vehicles and others. Heavy commercial
vehicles generally include Trucks, buses and construction vehicles among others.
This segment generally requires forged iron and steel crankshafts to handle the
immense torque generated by the engines.
Some of the leading players in the market are, Bhatar Forge Ltd (India), Amtek Auto
Ltd. (India), ThyssenKrupp Crankshaft Company LLC (U.S.A) and NSI Crankshaft
(U.S.A) Bryant Racing Inc, (U.S.A), Arrow Precision (U.K), Maschinenfabrik ALFING
KESSLER GmbH (Germany), Cigueñales Sanz SL (Spain), Tianrun Crankshaft Co., Ltd.
(China), Mahindra CIE Automotive Ltd. (India) and NSI Crankshaft (U.S.A).
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