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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.
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.
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.
Report For Report Sample with Table of Contents@https://www.researchreportinsights.com/report/sample/110114867/Automotive-Drive-Shafts-Market
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.
Request For Report Discount@https://www.researchreportinsights.com/report/discount/110114867/Automotive-Drive-Shafts-Market
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.
Report Analysis@https://www.researchreportinsights.com/report/rd/110114867/Automotive-Drive-Shafts-Market
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)
Global Drive Shaft Market Research Report, Information: by Vehicle Type (Passenger Cars, Light Commercial Vehicle, and Heavy Commercial Vehicle), Design (Hollow Drive Shafts and Solid Drive Shafts), Position (Front Drive Shaft and Rear Drive Shaft), and Region (North America, Europe, Asia-Pacific, and the Rest of the World)- Forecast till 2024A research report published by Market Research Future (MRFR) on the global drive 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.
Lightweight drive shafts are highly preferred by people who prefer driving at a higher speed.
The superior performance of lightweight drive shafts has led to increasing demand within the drive shaft market.
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.
