Market Research Future (MRFR) in its new research study, asserts that the Global Drive Shaft Market is booming and expected to grow exponentially over the review period, recording a substantial market valuation and a healthy 5.2% CAGR in the forecast period of 2017 to 2023. Growing vehicle safety concerns and noise & vibration are the major growth drivers. There has been a constant rise in smart and autonomous vehicle sales and demand for anti-vibration parts, boosting market revenues.
The global drive shaft market is garnering impressive traction. The market growth attributes to increasing vehicle sales and the automotive industry worldwide. Besides, the rising production of vehicles creates a substantial demand for drive shafts. Rising adoption of shaft technologies required driving axle or rear axle increases market sales. Moreover, rapid advances in shaft technologies and materials used for shaft escalate market growth.
Global Drive Shaft Market – Competitive Analysis
Highly competitive, the drive shaft market appears diversified with the presence of several well-established players. To gain a larger competitive share of the market, innovation, mergers & acquisitions, and brand reinforcement remain the key trends for these players.
Major Players:
Players leading the drive shaft market include Advanced Composite Products & Technology (ACPT), Inc. (US), GKN PLC (UK), American Axle & Manufacturing Holdings, Inc. (US), Dana Holding Corporation (US), Neapco Holdings, LLC (US), Yamada Manufacturing Co., Ltd. (Japan), NTN Corporation (Japan), The Timken Company (US), Trelleborg AB (Sweden), and Ifa Rotorion - Holding GmbH (Germany), among others.
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Global Drive Shaft Market – Segmentation
By Vehicle Type: Passenger Cars (PV), Light Commercial Vehicle (LCV), and Heavy Commercial Vehicle (HCV).
By Design : Hollow Drive Shafts and Solid Drive Shafts.
By Position: Front Drive Shaft and Rear Drive Shaft.
By Regions: Americas, Europe, APAC, and the Rest-of-the-World.
Global Drive Shaft Market – Regional Analysis
North America is a considerably large market in the global drive shaft market. Factors such as the significant GDP and high per capita income foster the growth of the market, driving the automotive industry. Moreover, favorable government policies, the presence of leading OEMs, and developed automobile infrastructures in the region positively impact the market sales.
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Major Highlights of TOC Covers:
- Executive Summary
- Key Business Trends
- Regional Trends and Growth
- Product Trends
- End-use Trends
- Definition and Forecast Parameters
- Drive shaft Market Segmentation
- Drive shaft Market Landscape
- Vendor Matrix
- Company Profiles
- Business Overview
- Financial Data
More…
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Global Automotive Axle And Propeller Shaft Market, indicates the market to exhibit healthy growth and capture a CAGR of 5.2% over the forecast period of 2018-2025.
In its latest report, MRFR has identified the key macro and micro-economic factors affecting the growth of the global drive shaft market.Drive shaft, being an essential component of the vehicle driveline, the drive shaft market is growing in line with the automotive industry.
The rise in disposable income across the globe and the rise of the middle-class has raised the sales of vehicles considerably in recent years.
To cater to the growing demand for vehicles, commercial as well as passenger, automotive manufacturers are increasing the production of cars which has significantly raised the demand for drive shaft.Development of lightweight drive shafts has had a positive effect on the growth of the drive shaft market.
Lightweight drive shafts are highly preferred by people who prefer driving at a higher speed.
Moreover, lightweight drive shafts cause lesser emissions and align with stringent rules set by international emission control authorities which further provides fuel to the growth of the market.
COVID-19 Impact Analysis on Automotive Drive Shaft Market report published by Value Market Research provides a detailed market analysis comprising market size, share, value, growth and trends for the period 2019-2027.
The report encompasses data regarding market share and recent developments by key players.
Moreover, this market report also covers regional and country markets in detail.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the Automotive Drive Shaft include Advanced Composite Products & Technology Inc., Bailey Morris Limited, Dana Limited, HYUNDAI WIA CORP, GKN Plc., Nexteer Automotive Group Ltd., American Axle & Manufacturing, Inc.,D & F PROPSHAFTS, IFA Group, Nexteer Automotive Group Ltd., JTEKT Corporation, Wilson Drive Shaft, and Neapco..
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Automotive Drive Shaft Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/automotive-drive-shaft-market/download-sampleMarket SegmentationThe broad Automotive Drive Shaft has been sub-grouped into the Design Type, Position Type, Vehicle Type and Region.
The report studies these subsets with respect to the geographical segmentation.
April 24, 2019: Geographically, this report split Asia-Pacific into several key Regions, with sales (K Units), revenue (Million USD), market share and growth rate of Automotive Drive Shaft for these regions, from 2012 to 2023 (forecast), includingChinaJapanSouth KoreaTaiwanIndiaSoutheast AsiaAustraliaDownload sample Copy of This Report at: https://www.radiantinsights.com/research/asia-pacific-automotive-drive-shaft-market-report-2018/request-sample Asia-Pacific Automotive Drive Shaft market competition by top manufacturers/players, with Automotive Drive Shaft sales volume, price, revenue (Million USD) and market share for each manufacturer/player; the top players includingGKNNTNDanaNexteerHyundai-WiaIFA RotorionAAMJTEKTNeapcoMeritorShowaSDSYuandongWanxiangGuanshengRead Complete Report with TOC @ https://www.radiantinsights.com/research/asia-pacific-automotive-drive-shaft-market-report-2018 On the basis of product, this report displays the sales volume (K Units), revenue (Million USD), product price (USD/Unit), market share and growth rate of each type, primarily split intoRigid Drive ShaftFlexible Drive ShaftOn the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, sales volume (K Units), market share and growth rate of Automotive Drive Shaft for each application, includingPassanger VehicleCommercial VehicleAbout Radiant InsightsRadiant Insights is a platform for companies looking to meet their market research and business intelligence requirements.
We assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process.
We have a comprehensive collection of reports, covering over 40 key industries and a host of micro markets.
In addition to over extensive database of reports, our experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.For More Information, Visit Radiant InsightsContact:Michelle ThorasCorporate Sales Specialist, USARadiant Insights, IncPhone: 1-415-349-0054Toll Free: 1-888-202-9519Email: sales@radiantinsights.com Blog URL: http://automotivemarketforecasts.wordpress.com
