Share this article
NEW YORK, May 21, 2021 /PRNewswire/ --
The global automotive crankshaft market is set to grow by 11.27 million units during 2021-2025, registering a CAGR of almost 3%. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
Technavio has announced its latest market research report Automotive Crankshaft Market by Material and Geography - Forecast and Analysis 2021-2025
The market is concentrated, and the degree of concentration will accelerate during the forecast period. Arrow Precision Ltd., CIE Automotive SA, Crower Cams & Equipment Co. Inc., Farndon Engineering Ltd., Kalyani Group, Maschinenfabrik ALFING Kessler GmbH, Metalyst Forgings Ltd., Nippon Steel Corp., thyssenkrupp AG, and Tianrun Crankshaft Co. Ltd. are some of the major market participants. The adoption of new emission standards will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments.