Automotive Drive Shaft Market Size, Growth & Global Forecast Report to 2027

According to the research report by Research Report Insights, the global automotive drive shafts market was valued at US$5.3 bn in 2015 and is likely to be worth US$8.9 bn by the end of 2024. During the forecast years of 2016 and 2024, the global market is expected to progress at a CAGR of 6.1%.

Heavy Commercial Vehicles to be Prime Consumers of Automotive Drive Shafts

On the basis of vehicles, the market is split into passenger cars, heavy commercial vehicles, and light commercial vehicles. Of these, the heavy commercial vehicles are expected to show steady growth rate in the coming years due to their demand in the transportation industry. The research report states, that the heavy commercial vehicles segment will rise at a CAGR of 6.2% between 2016 and 2024. The increasing demand for automotive shafts in production and serving of heavy-duty trucks is estimated to provide an impetus to the segment in the coming years.

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Geographically, the market is segmented into Asia Pacific, Europe, North America, the Middle East and Africa, and Latin America. Asia Pacific is poised to remain the leading regional market in the coming years as the demand for automobiles and their production picks up pace. The report estimates, that Asia Pacific automotive drive shafts market will rise at a CAGR of 6.5% between 2016 and 2024.

Repair and Replacement of Old Parts Augments Demand for Automotive Drive Shafts through After-sales Services

The global automotive drive shafts market has been growing due to the unstoppable production of vehicles in emerging economies of Taiwan, India, China, and Singapore amongst others. As economies limp back to normalcy after the depression of 2008, the production and sales of automobiles and their parts have steadily risen to generate soaring revenues. In the coming years, the increasing investments in automobile manufacturing, especially in countries such as China, is likely to boost the automotive drive shafts market.

The demand for automotive drive shafts has also been increasing as they are the most critical parts of a vehicle. As they are known to working under continuous pressure and stress, they undergo severe damage, which demands their replacement or repair. Thus both of these factors are expected to propel the sale of automotive drive shafts in developing and developed countries.

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Emerging Trend of Electric Vehicles to Impede Market Growth

Despite the steady market drivers, the global automotive drive shafts market is facing a tough challenge. The rising trend of electric cars against the backdrop of emerging pollution concerns is expected to restrain the growth of the market. Electric cars operate on batteries, which can be charged. Thus, they completely eliminate the need for automotive drive shafts. Analysts state, “if this trend is to grow rapid as countries work on reducing carbon footprint it could negatively impact the global market”.

The global automotive drive shafts market has several players in the market, making the landscape fragmented. Some of the leading players in the market are Dana Holding Corporation, NTN Corporation, Hyundai Wia, and Yamada Manufacturing Co., Ltd. The companies are focused on development of new products with enhanced quality. To deal with competition, several players will emphasize on mergers and acquisitions to expand their geographical reach and penetrate into many other foreign markets.

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The global automotive drive shafts market has been segmented as follows:

Global Automotive Drive Shafts Market, By Vehicle Type

• Passenger Cars
• Heavy Commercial Vehicles
• Light Commercial Vehicles

Global Automotive Drive Shafts Market, By Shaft Type

• Hotchkiss Drive Shaft
• Flexible Drive Shaft
• Torque Tube Drive Shaft

Global Automotive Drive Shafts Market, by Position Type

• Front Wheel Drive Shaft
• Rear Wheel Drive Shaft

Global Automotive Drive Shafts Market, By Geography

• North America

• The U.S.
• Canada
• Mexico

• Europe

• U.K.
• Germany
• Italy
• France
• RoE (Rest of Europe)

• Asia Pacific

• India
• Japan
• China
• RAPAC (Rest of Asia Pacific)

• Middle East and Africa (MEA)

• U.A.E
• South Africa
• RMEA (Rest of Middle East and Africa)

• Latin America (LATAM)

• Brazil
• Argentina
• Rest of Latin America (RLATAM)

Automotive Drive Shaft Market Drive shaft is also known as tailshaft, propeller shaft, cardan shaft or driving shaft.

It takes the power from the engine and delivers it to the wheels.

To absorb the torque of the engine it need to be strong and should be lightweight so that it can reduce the overall weight of the vehicle.

For the smooth driveline performance, it should be balanced properly and should spin equal to the torque.

They are not used in wheel drive cars and are found in 4WD and AWD cars.Market Drivers:When is enclosed in a tube they requires less maintenance as compared to chain systems.The drive system is less likely to get jammed.Market Restraints:Replacing drive shaft can be very expensive which is restraining the market.Get Exclusive Sample Report: @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-automotive-drive-shaft-marketSome of the leading key players profiled in this study:Few of the major competitors currently working in the automotive drive shaft market are Melrose Industries PLC., Advanced Composite Products & Technology, Inc., American Axle & Manufacturing, Inc., Bailey Morris Limited, D& F Propshafts, Dana Limited, Hyundai Wia, Meritor, Inc., Neapco Inc, Nexteer Automotive, Metal Powder Products Company, The Timken Company, Wanxiang Qianchao Co., Ltd., Xuchang Yuandong Drive Shaft Co., Ltd., Yamada Manufacturing Co., Ltd. Browse Related Report  Here:Automotive Progressive Wound Spring MarketAutomotive Helicol Coil Spring MarketKey Pointers Covered in the Automotive Drive Shaft Market Trends and Forecast to 2026Automotive Drive Shaft Market New Sales VolumesAutomotive Drive Shaft Market Replacement Sales VolumesAutomotive Drive Shaft Market Installed BaseAutomotive Drive Shaft Market By BrandsAutomotive Drive Shaft Market SizeAutomotive Drive Shaft Market Procedure VolumesAutomotive Drive Shaft Market Product Price AnalysisAutomotive Drive Shaft Market Healthcare OutcomesAutomotive Drive Shaft Market Cost of Care AnalysisAutomotive Drive Shaft Market Regulatory Framework and ChangesAutomotive Drive Shaft Market Prices and Reimbursement AnalysisAutomotive Drive Shaft Market Shares in Different RegionsRecent Developments for Automotive Drive Shaft Market CompetitorsAutomotive Drive Shaft Market Upcoming ApplicationsAutomotive Drive Shaft Market Innovators Study Get Detailed Toc and Charts & Tables @https://www.databridgemarketresearch.com/toc/?dbmr=global-automotive-drive-shaft-marketScope of the Automotive Drive Shaft MarketCurrent and future of Automotive Drive Shaft Market outlook in the developed and emerging marketsThe segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast periodRegions/Countries that are expected to witness the fastest growth rates during the forecast periodThe latest developments, market shares, and strategies that are employed by the major market playersGlobal Automotive Drive Shaft Market By Type (Propeller Shaft, Haft Shaft), Industry (Passenger Vehicle, Commercial Vehicle), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026 Inquiry before Buying @ https://www.databridgemarketresearch.com/inquire-before-buying/?dbmr=global-automotive-drive-shaft-marketAbout Us: Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches.

We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the marketContact: Data Bridge Market ResearchTel: +1-888-387-2818Email: [email protected]

The ‘Global Automotive Drive Shaft Market Report’ is a comprehensive and in-depth stuxxdy on the size, share, growth, trends, demand and estimation with a focus on the latest development.

The report provides key statistics on the market status with highlights on various important strategic such as mergers, acquisitions, partnership and other development.This section of the automotive drive shaft market report provides detailed data on the segments by analyzing them geographically, thereby assisting the strategist in identifying the target demographics for the respective product or service.Request a FREE Sample Copy of Global Automotive Drive Shaft Market Report with Full TOC At: https://www.valuemarketresearch.com/contact/automotive-drive-shaft-market/download-sampleBy Design TypeHollow ShaftSolid ShaftBy Position TypeRear AxleFront AxleBy Vehicle TypePassenger CarCommercial VehicleBy RegionNorth AmericaEuropeThe Asia PacificLatin AmericaThe Middle East and AfricaBrowse Full Global Automotive Drive Shaft Market Research Report With TOC At: https://www.valuemarketresearch.com/report/automotive-drive-shaft-marketThe 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 included in the report are 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.This section covers regional segmentation which accentuates on current and future demand for automotive drive shaft market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.

Further, the report focuses on demand for individual application segment across all the prominent regions.Purchase complete Global Automotive Drive Shaft Market Research Report At: https://www.valuemarketresearch.com/contact/automotive-drive-shaft-market/buy-nowAbout Us:Value Market Research was established with the vision to ease decision making and empower the strategists by providing them with holistic market information.We facilitate clients with syndicate research reports and customized research reports on 25+ industries with global as well as regional coverage.Contact:Value Market Research401/402, TFM, Nagras Road, Aundh, Pune-7.Maharashtra, INDIA.Tel: +1-888-294-1147Email: [email protected]: https://www.valuemarketresearch.com

The Global Automotive Axle & Propeller Shaft Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.

The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.DriversTechnological advancement in sustainability and fuel efficiency of vehiclesReduced maintenance cost of vehiclesRestraintsFluctuating prices of raw materialsThe comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.

The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.The report classifies the market into different segments based on axle position, axle type, propeller shaft position, propeller shaft type and vehicle type.

These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.

The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Browse the complete Global Automotive Axle & Propeller Shaft Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 @ https://www.decisiondatabases.com/ip/19734-automotive-axle-propeller-shaft-market-reportThe report also covers the complete competitive landscape of the global Automotive Axle & Propeller Shaft market with company profiles of key players such as:American Axle & Manufacturing Holdings, Inc.Gestamp, Dana IncorporatedGKN PLC, Jtekt CorporationHyundai Motor GroupIFA Rotorion - Holding GmbHMeritor, Inc.RSB GroupShowa CorporationZF Friedrichshafen AGSEGMENTATIONS IN THE REPORT:By Axle Position:Front AxleRear AxleBy Axle Type:Dead AxleLive AxleTandem AxleBy Propeller Shaft Position:Front Propeller ShaftRear Propeller ShaftInter-Axle Propeller ShaftBy Propeller Shaft Type:Single Piece Propeller ShaftMulti Piece Propeller ShaftBy Vehicle Type:Passenger VehiclesMarket In Light Commercial VehiclesMarket In Heavy Commercial VehiclesBy Geography:North America (NA) – US, Canada & Rest of North AmericaEurope (EU) – UK, Germany, France & Rest of EuropeAsia Pacific (APAC) – China, Japan, India & Rest of APACLatin America (LA) – Brazil & Rest of Latin AmericaMiddle East & Africa (MEA) – Middle East and AfricaDownload Free Sample Report of Global Automotive Axle & Propeller Shaft Market @ https://www.decisiondatabases.com/contact/download-sample-19734The Global Automotive Axle & Propeller Shaft Market has been exhibited in detail in the following chapters -Chapter 1 Automotive Axle & Propeller Shaft Market PrefaceChapter 2 Executive SummaryChapter 3 Automotive Axle & Propeller Shaft Industry AnalysisChapter 4 Automotive Axle & Propeller Shaft Market Value Chain AnalysisChapter 5 Automotive Axle & Propeller Shaft Market Analysis By Axle PositionChapter 6 Automotive Axle & Propeller Shaft Market Analysis By Axle TypeChapter 7 Automotive Axle & Propeller Shaft Market Analysis By Propeller Shaft PositionChapter 8 Automotive Axle & Propeller Shaft Market Analysis By Propeller Shaft TypeChapter 9 Automotive Axle & Propeller Shaft Market Analysis By Vehicle TypeChapter 10 Automotive Axle & Propeller Shaft Market Analysis By GeographyChapter 11 Competitive Landscape Of Automotive Axle & Propeller Shaft CompaniesChapter 12 Company Profiles Of Automotive Axle & Propeller Shaft IndustryPurchase the complete Global Automotive Axle & Propeller Shaft Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-19734Other Reports by DecisionDatabases.com:Global Automotive Crankshaft Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Automobile Axle Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Automotive V2X Antenna Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.

DecisionDatabases.com is proficient in providing syndicated research report, customized research reports, company profiles and industry databases across multiple domains.Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors.

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.

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.Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/7746 Global Drive Shaft Market – SegmentationBy 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.