Automotive Crankshaft Market to Reach USD 3.6 Billion by 2030

Berlinhopkin29 Aug, 2022Business

The automotive crankshaft market is being driven by the increasing demand for high-performance commercial and passenger vehicles. However, there were disruptions in the automotive crankshaft market due to the outbreak of Covid-19. Several automotive manufacturing units were temporarily closed due to the lockdown restrictions imposed to stop the spread of the coronavirus. Several research and development activities to improve the quality and performance of the crankshaft in vehicles are expected to boost the growth of the market during the forecast period. But the high replacement cost of the crankshafts is a challenge for the market's growth as it increases the expenditure of the consumer on vehicles.