Global Automotive Drive Shaft Market, By Drive Shaft Type (One-Piece Drive Shaft, Two-Piece Drive Shaft, Slip-in-Tube Drive Shaft), Design Type (Hollow Shaft, Solid Shaft), Position Type (Rear Axle, Front Axle), Vehicle Type (Passenger Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle), Sales Channel (OEM, Aftermarket), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Automotive Drive Shaft Market
The automotive drive shaft market is expected to witness market growth at a rate of approximately 6.5% in the forecast period of 2021 to 2028. Data Bridge Market Research report on automotive drive shaft market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rising concern for fuel efficiency globally is escalating the growth of automotive drive shaft market.
Drive shaft also possesses various other names such as tail shaft, propeller shaft, cardan shaft or driving shaft. It has the ability to take the power from the engine and delivers it to the wheels and is utilized to drive the car. Drive shaft is supposed to be strong and lightweight to absorb the torque of the engine in order for it to reduce the overall weight of the vehicle. It should be balanced properly and should spin equal to the torque for smooth driveline performance. They are found in 4WD and AWD cars and cannot be used in wheel drive cars.
The rise in concern for fuel efficiency, the implementation of stringent regulations by the international emission control authorities and the development of drive shafts by manufacturers without compromising on their performance and rigidness are the major factors driving the automotive drive shaft market. The increasing production and sales of all-wheel drive (AWD) vehicles, because of the installment of two drive shafts in these vehicles, high demand for hollow drive shafts because of their flexibility and improvised performance over the conventional and heavy solid type, and their use for sustaining several torques received from the engine accelerate the automotive drive shaft market growth. Additionally, the increase in need for reduction in the automotive industry, high sales of passenger cars, rapid urbanization, economic growth and rise in disposable income of people positively affect the automotive drive shaft market. Furthermore, technological advancement and product innovations extend profitable opportunities to the automotive drive shaft market players in the forecast period of 2021 to 2028.
On the other hand, the emergence of composite drive shafts and high cost associated with the replacement of drive shaft are the major factors expected to obstruct the automotive drive shaft market growth. The rise in concerns with the heavy weight of the product is projected to challenge the automotive drive shaft market in the forecast period of 2021 to 2028.
This automotive drive shaft market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on automotive drive shaft market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Automotive Drive Shaft Market Scope and Market Size
The automotive drive shaft market is segmented on the basis of drive shaft type, design type, position type, sales channel and vehicle type. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of drive shaft type, the automotive drive shaft market is segmented into one-piece drive shaft, two-piece drive shaft and slip-in-tube drive shaft.
- On the basis of design type, the automotive drive shaft market is segmented into hollow shaft and solid shaft.
- On the basis of position type, the automotive drive shaft market is segmented into rear axle and front axle.
- On the basis of vehicle type, the automotive drive shaft market is segmented into passenger vehicle, light commercial vehicle and heavy commercial vehicle.
- On the basis of sales channel, the automotive drive shaft market is segmented into OEM and aftermarket.
Global Automotive Drive Shaft Market Country Level Analysis
The automotive drive shaft market is analyzed and market size, volume information is provided by country, drive shaft type, design type, position type, sales channel and vehicle type as referenced above.
The countries covered in the global automotive drive shaft market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the automotive drive shaft market because of the implementation of environment protection authority policies and fuel economy regulations, development by manufacturers to reduce vehicle weight and enhance fuel efficiency of vehicles. North America and Europe are expected to witness significant growth during the forecast period of 2021 to 2028 because of the increasing investments in automobile industry in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Automotive Drive Shaft Market Share Analysis
The automotive drive shaft market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to automotive drive shaft market.
The major players covered in the automotive drive shaft market report 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. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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