The Automotive Drive Shaft Market Report 2019-2023 focuses on the global Automotive Drive Shaft status, future forecast, growth opportunity, key market, and key players.
The Automotive Drive Shaft Market report studies the global market size of Automotive Drive Shaft in key regions like North America, Europe, Asia Pacific, Central & South America, and the Middle East & Africa focuses on the consumption of Automotive Drive Shaft in these regions. This research report categorizes the global Automotive Drive Shaft market by players/brands, region, type, and application. This report also studies the global market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels, distributors and Porters Five Forces Analysis.
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The various contributors involved in the value chain of Automotive Drive Shaft include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Players covered in this study:-
- ACPT Inc.
- American axle manufacturing Inc.
- B & F limited
- Bailey Morris limited
- D & F Propshafts
- Dana holding corporation
- GKN PLC
- Hyundai Corporation
- Neapco Holdings LLC
- Nexteer Automotive
- Wilson Drive Shafts
- Yamada Manufacturing
Overview of Automotive Drive Shaft Market Research Report 2019-2023:-
The global automotive drive shaft market is expected to record a CAGR 5.75% during the forecast period. The recovery of the automotive industry has directly fueled the growth of the drive shaft market, as they are indispensable for conventional IC engine and hybrid automobiles.
Growing concern for fuel efficiency and the stringent norms posed by the international emission control authorities have provoked the manufacturers to develop lightweight drive shafts without compromising on their performance and rigidness. Composite drive shafts which are the new entrants in the global market, boast incredibly high torque and safety standards.
Hollow drive shafts are anticipated to capture the global market due to their flexibility and improvised performance over the conventional and heavy solid type. Their design is robust enough to sustain varying torques received from the engine and are classified into two types based on the position of transmission â front and rear end.
Rise in Vehicle Production and Sales
Owning a vehicle is no longer a luxury but has now become a necessity, owing to the busy lifestyles and long transits. Growing population and higher disposable income in the developing economies resulted in a subsequent spike in vehicle-owning households globally. The global production of passenger cars alone increased from 40.1 million in 2001 to 73.45 million in 2017, and that of overall vehicles was around 97.30 million in 2017. These numbers clearly indicate the growing automotive industry. Subsequently, the EPA policies and stringent CAFE regulations forced the automotive manufacturers to reduce the weight of the vehicles to reduce emissions and fuel consumptions, which in turn is driving the market for automotive drive shaft market.
The engine which was the only power house of an automobile until at least the end of the previous century is facing a serious threat from alternative power sources like the electric vehicles, fuel cell vehicles, etc. The exhaust emission from the conventional internal combustion engine has become a significant contributor to the environmental pollution. According to some studies, the emissions from the vehicles all over the world account for more than one-fourth of the global greenhouse gases. Even though the conventional engine was known to produce harmful gases, the unavailability of a potential replacement made it the only reliable source of energy.
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Reasons to Purchase this Report
Key questions answered in the Automotive Drive Shaft Market Report are.
- What will the market size be in 2023 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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This report includes the estimation of market size for value (million US$) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Automotive Drive Shaft market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
Major Points from TOC of Automotive Drive Shaft Market Research Report 2019-2023:
1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
- RESEARCH METHODOLOGY
- EXECUTIVE SUMMARY
- MARKET DYNAMICS
4.1.1 Rise in Defence Expenditure of Many Countries
4.1.2 Increasing Demand of Lightweight Materials in the Industry
4.2.1 Need for High Investments in R&D
4.2.2 Other Restraints
4.3 Industry Value-Chain Analysis
4.4 Porters 5 Force Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
4.5 Price Analysis
- MARKET SEGMENTATION
1 By Application
5.2 End-user Sector
5.3.2 North America
5.3.4 South America
5.3.5 the Middle East & Africa
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