Global, HVAC Controls Market Size Share Growth Forecast Research and Development 2018

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)

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Market Segmentation:The Global Medical Plastics Market is segregated into type and application.

On the basis of the type, the market is further categorized into polyvinyl chloride, polypropylene, engineering, plastics, polyethylene, polystyrene, and silicones.

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The polyethylene segment is set to drive the market on account of its extensive consumption in surgical cables and orthopedic sutures during the assessment period.On the basis of the application, the market is segmented into disposables, implants, drug delivery devices, syringes, diagnostic instruments, catheters, and surgical instruments.

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Additionally, it is predicted that the extraordinary features offered by the product such as flexibility, transparency and resistance to the electromagnetic waves are set to drive the Medical Plastics Market during the assessment period.Segmental Analysis:The Global Medical Plastics Market is spanned across five key regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.

The Omega-3 market report has been prepared to bring about comprehensive analysis of the market structure along with forecast of the different segments and sub-segments of the market.

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Analysis of consumer needs by major regions, types, applications in Global market by considering the past, present and future state of the industry has been conducted.

The report is prepared based on the market type, size of the organization, availability on-premises and the end-users’ organization type.The omega-3 market is expected to gain market growth in the forecast period of 2021 to 2028.

Data Bridge Market Research analyses that the market is growing with the CAGR of 8.9% in the forecast period of 2021 to 2028 and is expected to reach USD 555.94 billion by 2028.This Omega-3 market research report is generated by using integrated approaches and latest technology for the best results.

Analysis and estimation of important industry trends, market size, and market share are mentioned in this Omega-3 report.

A large-scale Safety Sensors Market report delivers a comprehensive analysis of the market structure along with estimations of the various segments and sub-segments of the market.

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Agrochemicals Market – Market OverviewAgrochemicals belongs to group of speciality chemical which includes fertilizer, herbicides, fungicides, hormones and other growth agents in chemical synthesis.

The growing need for processed food and advanced packaging technique has improved the food & beverage sector, thereby, increasing the demand for food grain, oilseeds and vegetables.

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Fertilizer accounts for majority of share in global Agrochemicals market due to ongoing projects of increasing animal husbandry sector further generating demand for animal feed.

This plant growth regulator helps the crop to reduce harvesting time and enhance the growth of crops plants.

The various factors affecting the growth of regions are low borrowing rates, rich in modern agriculture activities and low availability of arable land.

KVM Market 2021-2027New Study Reports " KVM Market 2021 Global Market Opportunities, Challenges, Strategies and Forecasts 2027" has been Added on MarketResearchFuture.Introduction/Report Summary:This report provides in depth study of “KVM Market” using SWOT analysis i.e.

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Market overviewFertility services are defined as services that can help both men and women to overcome medical problems, which prevent them from having children.

A new report on the global fertility services market report, published by Market Research Future (MRFR), observes that this market could find growth at 6.50% CAGR between 2020 and 2027.

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