Global Automotive Interconnecting Shaft Market, By Propeller Shaft Type (Single Piece Propeller Shaft, Multi Piece Propeller Shaft), Design Type (Hollow Shaft, Solid Shaft), Axle Position (Front Axle, Rear Axle), Vehicle Type (Passenger Vehicles, Commercial Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles), Sales Channel (Original Equipment Manufacturers (OEMs), 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
In the forecast period from 2021 to 2028, the automotive interconnecting shaft market is projected to witness market growth of 6.10%. Data Bridge Market Research report on the automotive interconnecting shaft market offers analysis and insights into the different factors that are expected to be prevalent over the forecast period, while providing their influence on the growth of the market.
A mechanical device used to link the other drive shaft part for efficient rotation and torque transmission is the automotive interconnecting shaft which is a part of the drive or propeller shaft that is used to interconnect other drive shaft components with a particular relative motion distance between them. The global automotive development and fleet scenario is directly affected by the automotive interconnecting shaft market.
Increasing sales of the shaft through OEMs and aftermarkets, rising growth of the automotive industry across the globe along with increasing production of vehicles, rising demand of regular maintenance activities and breakdowns, increasing preferences towards the fuel efficient performance of the vehicle with high reliability, availability of advanced material which provide high strength and light weight are some of the major as well as important factors which will likely to accelerate the growth of the automotive interconnecting shaft market in the projected timeframe of 2021-2028. On the other hand, rising demand of aluminium propeller shaft along with increasing trends of e-mobility which will further contribute by generating immense opportunities that will led to the growth of the automotive interconnecting shaft market in the above mentioned projected timeframe.
Increasing preferences towards electric vehicle along with increasing number of regulatory concern which will likely to act as market restraints factor for the growth of the automotive interconnecting shaft market in the above mentioned forecasted period. Fluctuating prices of raw material will become the biggest and foremost challenge for the growth of the market.
This automotive interconnecting 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 localised 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 interconnecting 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.
Global Automotive Interconnecting Shaft Market Scope and Market Size
Automotive interconnecting shaft market is segmented on the basis of propeller shaft type, design type, axle position, vehicle type, and sales channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Automotive interconnecting shaft market on the basis of propeller shaft type has been segmented as single piece propeller shaft, and multi piece propeller shaft.
- Based on design type, the automotive interconnecting shaft market has been segmented into hollow shaft, and solid shaft.
- On the basis of axle position, the automotive interconnecting shaft market has been segmented into front axle, and rear axle.
- On the basis of vehicle type, the automotive interconnecting shaft market has been segmented into passenger vehicles, commercial vehicles, light commercial vehicles, and heavy commercial vehicles.
- Automotive interconnecting shaft has also been segmented on the basis of sales channel into original equipment manufacturers (OEMs), and aftermarket.
Automotive Interconnecting Shaft Market Country Level Analysis
Automotive interconnecting shaft market is analysed and market size, volume information is provided by country, propeller shaft type, design type, axle position, vehicle type, and sales channel as referenced above.
The countries covered in the automotive interconnecting shaft market report are 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).
North America, and Europe will hold the major position in the automotive interconnecting shaft market due to the prevalence of well-established automotive production facilities along with increasing sales of the vehicles in the region while Asia-Pacific region will expect to grow in the forecast period of 2021-2028 due to the prevalence of largest automotive fleet along with increasing production of the automotive 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 Interconnecting Shaft Market Share Analysis
Automotive interconnecting 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, regional 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 interconnecting shaft market.
The major players covered in the automotive interconnecting shaft market report are GKN Automotive Limited; BUMWOO Co.,Ltd.; ECO SHAFT (M) SDN; NTN Corporation; Manufacturing Technology, Inc.; HYUNDAI WIA CORP.; ZF Friedrichshafen AG; Dana Limited.; American Axle & Manufacturing, Inc.; Meritor, Inc.; SHOWA CORPORATION.; JTEKT Corporation.; IFA Group; Hitachi Automotive Systems Americas, Inc.; RSB Group.; UNIVANCE CORPORATION; Wilson Drive Shafts; D&F Propshafts.; Bailey Morris.; Neapco Holdings; 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.