According to the study “Europe Crankshaft Oil Industry Situation and
Prospects Research report”, steel is a preferred material
in the manufacturing of automotive crankshafts in Europe due to its efficient
properties such as better performance in compression, tension, and shear. It
was observed that there are major technological advancements in the manufacture
of crankshafts used in automobiles. Traditionally, crankshafts are manufactured
using cast-iron due to its strength and horsepower. Majority of the Asian
automotive parts manufacturers are using CNC technologies to manufacture
crankshafts with great precision for medium and high-end racing engines. They
are made lighter and smaller while the use of flat plane crankshafts is
increasing due to its light weight and smaller size compared to cross-plane
crankshafts.
Crankshaft oil is used to reduce the
metal-to-metal contact inside any engine to minimize friction and reduce
damage. Almost all automotive engines face wear and deform in the moving parts.
Therefore, lubricant oils are used to remove the small particles, dirt, and
other impurities present in the automobile fuel. There is a huge demand for
crankshaft oil in European countries due to evolution in automobile industry. Europe
is one of the largest producers of automobiles in the passenger and commercial
vehicles. The increasing sales and demand for eco-friendly or green vehicles is
expected to contribute to the growth of the crankshaft oil lubricants market.
Industrialization and modernization is
driving the need for more eco-friendly renewable energy resources. Despite the
availability of renewable energy resources, Europe consumes more renewable
energy and generates more electric energy for various industrial operations.
Unlike any mechanical system, moving parts in automobiles, compressors, fans,
blowers, shakers, thrusters, valves, crankshafts are the few among other
equipment in automobiles that need proper lubrication to function optimally.
The risk associated with automobile system failures will increase dramatically
that is resulting in increased demand for specialized lubricants.
Various product types in European crankshaft oil
industry are liquid type and semi-solid type. Crankshaft oil is utilized in
automotive industry, ship building industry, and other industries. European crankshaft
oil industry is spread across Germany, Russia, UK, France, Italy and other
regions. The leading players in Europe’s crankshaft oil industry are NOK,
Freudenberg, Parker Hannifin, EATON, Trelleborg Sealing Solutions, SKF,
Garlock, FNOK (Simrit), NIPPON VALQUA INDUSTRIES LTD, SAKAGAMI, Timken,
Zhongding Group, NAK, Shanxi Fenghang, KOK, Qingdao TKS, DUKE Seals and Qingdao
Northsea. All the leading vendors are increasingly competing against each other
based on factors such as price, features, and product quality.
Europe is an automotive manufacturing hub, therefore,
it will drive the demand for crankshaft oil market. The country accounts for a
major share in terms of consumption, production of automobiles and auto
refinishes. Stringent environmental regulations in Europe are anticipated to
boost the demand for green vehicles coupled with crankshaft oil market over the
next few years.
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